• 2019 July 23 09:33

    MABUX: Bunker market this morning, July 23

    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) demonstrated slight upward trend on July 22:

    380 HSFO – USD/MT – 423.76 (+2.56)
    180 HSFO – USD/MT – 461.06 (+3.10)
    MGO – USD/MT – 658.05 (+4.36)


    Meantime, world oil indexes rose on Jul.22 as tensions mounted between the U.K. and Iran, increased fears of a disruption to oil supplies coming out of the Persian Gulf.

    Brent for September settlement increased by $0.79 to $63.26 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for September delivery rose by $0.46 to $56.22 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $7.04 to WTI. Gasoil for July gained $8.75.

    Today morning oil indexes continue to rise.

    U.S. sanctions on Venezuela and Iran have removed more than 1.5 million barrels of daily supply from the market, OPEC extended a supply-cut deal into 2020 and tensions between the United States and Iran are rising.

    It was reported that Iran seized a British-flagged oil tanker in the Strait of Hormuz, adding to tensions in the area. It was not clear why the Iranians had seized the tanker, but state-run media said it was for violations of international regulations. The rising tensions in the Strait of Hormuz, where the United States and others are moving to protect tankers against Iran, supported oil indexes. On July,22 Iran said it had captured spies working for U.S. intelligence, a report U.S. officials denied. That comes just after news that Iran had seized a British tanker.

    Geopolitical tensions in the Middle East intensified after Iran shot down a U.S. surveillance drone in June. Earlier this month, U.S. President Donald Trump claimed to have brought down an Iranian drone.

    The steady rise in U.S. oil output and demand worries from a protracted Sino-U.S. trade war, however, have weighed on demand forecasts. Trump said last week a trade deal with China might not happen right away and that he is considering heavier tariffs against Beijing.
    The International Energy Agency recently cut its expectation for global demand through 2019 and 2020 and said it may cut it again if the global economy - and especially China -show further weakness. At the same time Saudi Arabian exports fell to a 1-1/2-year low in May.

    U.K. Prime Minister Theresa May held an emergency meeting on July,22 to discuss with British ministers the situation. It wasn't immediately clear what had been agreed. The U.S. has accused Iran of being behind two other tanker attacks in the region since May and threatened on Friday to down any Iranian drones that fly too close to its ships.

    Washington and Tehran have been at odds since U.S. President Donald Trump decided to withdraw from a nuclear accord with Iran and reinstate economic sanctions.

    Libya’s National Oil Corporation lifted a declaration of force majeure on loadings at the port of Zawiya from the Sharara field, the country's largest. That had been in place since late Friday, shutting in production of 290,000 barrels a day. The field resumed half that output earlier on July,22.

    We expect bunker prices may rise today: 3-5 USD up for IFO, 6-8 USD up for MGO.




2019 November 21

18:01 Diana Shipping announces direct continuation of time charter contract for m/v Polymnia with Cargill
17:50 Freeport of Riga Authority and province of Corrientes sign Protocol of Agreement to facilitate growth of Riga and Corrientes ports
17:23 Training ship Perekop of RF Navy’s Baltic Fleet takes course from Sri Lanka to Sevastopol
17:00 Two Sendo Liners to be entering the port of Amsterdam emission-free by 2020
16:45 Severnaya Verf lays down fourth processing trawler of Project 170701 for Norebo Group
16:28 Star Bulk reports Q3 net profit of $5.8 million
16:00 MacGregor secures complete piggy-back hatch cover order from Fincantieri Bay Shipbuilding
15:46 Danfoss Editron appoints Erno Tenhunen as new Marine Director
15:31 ECOsubsea gains further foothold in major European ports to become benchmark for sustainable effective hull cleaning
15:17 Baltic Sea Ports Administration reports readiness of 6 line and 7 port icebreakers for winter navigation season
15:00 Chart Industries joins SEA\LNG coalition
14:38 Orolia Maritime unveils new PLB with Return Link System for 2020
14:21 Amsterdam, the Netherlands, to host 8th edition of ACI’s Ship Recycling Congress on 29-30 January 2020
14:09 Nexans to provide the 225 kV power export cables for one of the biggest offshore wind projects in France
13:50 Bunker market in the Far East ports of Russia sees mixed price movements (graph)
13:28 Singapore’s First Women in Shipping Summit to be held on 20-21 April 2020
13:27 Oldendorff Carriers signs agreement with MIT on ship design
13:09 ZIM posts Q3 2019 results
12:46 5th Singapore Maritime Technology Conference to be held on 21-23 April 2020
12:35 Proman Stena Bulk and GSI sign deal for new methanol tankers
12:09 Port of Zeebrugge and Yugo sign MOU for cooperation in Lingang Overseas Modern Industrial Park
11:57 Nobel Brothers Shipyard launches small refrigerating trawler of Project Т30В, Vympel
11:09 MOL to build Japan's 1st LNG-fueled ferries : Sunflower Kurenai and Sunflower Murasaki
10:43 DNG Energy to commence LNG bunkering operations from Algoa Bay next year
10:09 Fincantieri and Ponant sign an MOA for the construction of 2 new-generation cruise ships
09:51 Container throughput of port Hong Kong (China) down 6.2% to 15.27 million TEUs in Jan-Oct’2019
09:39 MABUX: Bunker market this morning, Nov 21
09:33 Brent Crude futures price is down 0.32% to $62.2, Light Sweet Crude – down 0.25% to $56.87
09:17 Baltic Dry Index is down to 1,260 points
08:29 Port of Hamburg cargo throughput grows 3.2 percent to 104 million tons in first three quarters of 2019

2019 November 20

18:10 FESCO provided transportation of nuclear submarines’ blocks and tanker from Kamchatka Territory to decommissioning site in Primorye
17:48 Cruise ship Mustay Karim returns from successful sea trials
17:06 ECOsubsea gets permission to start offering hull cleaning services to vessels at all Dutch Ports
16:56 Tallinn Shipyard wins prestigious 2019 Safety4sea Europort Awards
16:19 Wärtsilä solutions chosen to upgrade efficiency and environmental performance of Norwegian fishing vessel
16:03 Oboronlogistics completed the delivery of inert materials and special equipment to the Novaya Zemlya
15:00 ESPO: TEN-T policy review must bring maritime links on equal footing with land links
14:09 RF Govt Transport Commission approved inclusion of 57 projects into comprehensive plan for upgrading and expanding core infrastructure
13:35 Ecosystem-based management and maritime spatial planning are furthered at HELCOM-VASAB meeting in St Petersburg
12:57 RS takes part in Transport of Russia 2019
12:02 The world’s largest wind turbine tested on Maasvlakte
11:44 WMU signs MoU with International Maritime Academy, Lebanon
11:23 Tariffs for LNG services provided by KN approved for 2020
11:02 Bureau Veritas certifies Ørsted's Borkum Riffgrund 2 offshore wind farm
10:28 Hydraulic engineering structures of Volga-Don Canal underwent reconstruction
10:25 MABUX: Bunker market this morning, Nov 20
10:05 Bunker prices are stable at the port of Saint-Petersburg, Russia (graph)
10:02 Yang Ming to launch new Southeast Asia Services
09:46 Brent Crude futures price is down 0.11% to $60.84, Light Sweet Crude – up 0.04% to $55.37
09:41 Foreship launches Hamburg business to grow in Germany
09:29 Baltic Dry Index is down to 1,304 points
09:14 CMA CGM reviewes Low Sulphur Surcharge for RoRo Med Lines

2019 November 19

18:03 Port of Piraeus throughput reaches 5 million TEU this year
17:50 BPO joins the “More EU budget for transport” coalition
17:22 Throughput of Russia’s seaports expected to grow by 3% to 850 million tonnes in 2019
17:03 Expro awarded contract extension with INPEX, offshore Australia
16:45 Gasum expands their maritime fuel supply by new Swedegas’ facility in the port of Gothenburg
16:24 IMO helps train future leaders in maritime policy
16:03 CSV Bourbon Oceanteam 101 extends charter contract with client for works in Angola
15:03 MSC appoints Soren Toft as CEO for container shipping & logistics