• 2019 October 9 08:29

    MABUX: Bunker Market this morning Oct 09

    The Bunker Review was contributed by Marine Bunker Exchange (MABUX)

    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 changes on Oct.8

    380 HSFO - USD/MT 392.71 (+0.54)
    180 HSFO - USD/MT 430.27 (+0.04)
    MGO - USD/MT 661.50 (+3.23)

    Meantime, world oil indexes also demonstrated downward changes on Oct.8. as tensions rose between China and the United States ahead of high-level trade talks.

    Brent for December settlement decreased by $0.12 to $58.24 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for November delivery fell by $0.12 to $52.63 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $5.61 to WTI. Gasoil for October delivery decreased by $10.00.

    Today indexes slight down as prospect of the United States and China striking a trade deal in talks this week is unlikely, that raise uncertainties for global economic growth and oil demand.

    The Trump Administration was moving ahead with efforts to limit capital flows into China and the inclusion of more Chinese firms in a blacklist. Washington widened its trade blacklist to include some of China’s top artificial intelligence start-ups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions ahead of trade talks in Washington this week. A South China Morning Post report that said China had toned down expectations ahead of high-level trade talks between the two countries that are to resume on Thursday, after being stalled since May. The report said the Chinese delegation could depart Washington a day earlier than scheduled. An increase in U.S. tariffs to 30% from 25% on $250 billion worth of Chinese goods is scheduled for Oct. 15. Prospects for progress dimmed after U.S. President Donald Trump said a quick trade deal was unlikely.

    According to the American Petroleum Institute crude inventories rose by 4.1 million, with gasoline supplies down by 5.9 million barrels for the week ended Oct. 4. It is expected that the Energy Information Administration will report a build of 1.4 million barrels on its petroleum data today later.

     Oil prices were also pressured by weak economic data after U.S. producer prices fell unexpectedly in September, weighed down by lower costs of goods and services, which could give the Federal Reserve room to cut interest rates again this month.

    The U.S. Energy Information Administration (EIA) on Oct.8 cut its 2020 world oil demand growth forecast by 100,000 barrels per day (bpd) to 1.30 million. The EIA also said U.S. crude production is expected to rise by 1.27 million bpd in 2019 to a record 12.26 million bpd, slightly above its previous forecast for a rise of 1.25 million. International Monetary Fund Managing Director Kristalina Georgieva at the same time warned of a risk of complacency among countries. Without action to resolve trade conflicts and support growth, global economic deceleration could turn into “a more massive slowdown,” she said.

    However, protests in OPEC members Iraq and Ecuador threatened to disrupt their oil output and supported prices. In Iraq, protests resumed overnight in Baghdad’s Sadr City district, though much of the country appeared quieter than it has been for a week. Potential attacks by Turkey on Kurdish forces in northeast Syria could take place close to the Iraqi border, leading to the crisis that puts pressures on Kurdistan’s economy. Turkey said it had completed preparations for a military operation in northeast Syria after the United States began pulling back troops.

    Ecuador’s energy ministry said protests against austerity could reduce its oil output by 59,450 bpd.

    We expect bunker prices to demonstrate slight downward changes today: 1-3 USD down for IFO, 7-10 USD down for MGO.




2019 October 22

15:02 Deltamarin signs design contracts with Merima
14:44 Pella shipyard started mooring trials for lead crab catching vessel of Project 03070
14:10 CMA CGM announces FAK rates from Asia to the Middle East Gulf
13:49 Patrol ship of RF Navy’s Black Sea Fleet left Greek port of Pylos
13:02 A.P. Møller - Mærsk A/S upgrades EBITDA expectation for 2019
12:50 Marine Recruiting Agency trained 1,344 specialists for port and construction segments in 9M’19, up 14% YoY
12:28 DP World reports 1.1% gross like-for-like volume growth in 3Q 2019
12:26 ESPO congratulates port of Barcelona, Vigo and Baku for getting EcoPorts’ environmental management standard
12:01 Cook Islands, Sao Tome and Principe accede to Cape Town Agreement, 46 declare support
11:45 MPSV12 project vessel "Bahtemir" took part in emergency response exercises in the Gulf of Finland
11:22 3rd “LNG Fleet and LNG Bunkering in Russia” conference kicks off in Moscow
11:13 Bio-based welding-gas production facility to open in the port of Amsterdam
10:44 CMA CGM announces PSS for cargo from Europe and the Mediterranean to Australia and New Zealand
10:20 BLRT Grupp’s Noblessner Homeport project wins in “Best Development Project of 2019” nomination
09:56 Poland's first training centre for port staff opened at the Port of Gdansk
09:33 Brent Crude futures price is down 0.22% to $58.83, Light Sweet Crude – fell by 0.26% to $53.37
09:18 Baltic Dry Index is down to 1,846 points
08:31 MABUX: Bunker Market this morning, Oct 22

2019 October 21

18:25 Navios Acquisition announces $15 mln offering of common stock
18:02 Temasek subsidiary plans to acquire 30.55% of shares in Keppel
17:50 Two LNG-powered Sovcomflot tankers successfully completed voyages along Northern Sea Route
17:36 Anglo-Eastern signs Cyber MOU with Naval Dome
17:13 Guard ship "Yaroslav Mudry" of RF Navy’s Baltic Fleet made business call in Limassol
17:05 Blockchain and DNA-based marine fuels tracking solution BunkerTrace goes live
17:02 Castor Maritime announces vessel acquisition
16:40 Yaroslavsky shipyard launches diving ship '75 Let Pobedy’ built for Transneft UW Service
16:21 Ministerial Conference pushes ratification of Cape Town Agreement
16:16 ACO Marine secures order to design and manufacture a Clarimar MF-3 biological wastewater management system for installation to the luxury yacht
16:09 ABB to bring autonomous technology to the Port of Singapore
16:02 Hunter Group ASA announces delivery of Hunter Saga
15:39 TransContainer reports 9M’19 net profit of RUB 10.426 million, up 68.3% YoY
15:02 Epic Gas completes major refinancing of twenty ships
14:47 Port of Baku becomes first Green Port in Caspian region
14:13 Sulphur 2020: stakeholders prepare for a sea change from 1 January 2020
13:52 USPA starts accepting applications for participation in concession tender of “Olvia Stevedoring Company”
13:34 ABP is ‘calling on all UK technology companies’ to drive innovation
13:13 Innovative vessels visit port of Brussels
12:39 Ports of Antwerp and Zeebrugge initiate merger negotiations
12:12 Aker Solutions and EDP Renewables to develop floating wind farm in Ulsan, South Korea
11:55 Port of Singapore throughput in Jan-Sep’2019 declined by 0.5% to 467.9 million tonnes
11:36 Port of Rotterdam posts Q3 2019 results
11:19 Container throughput of port Hong Kong (China) down 6.5% to 13.68 million TEUs in Jan-Sep’2019
11:00 CMA CGM launches SHIPFIN TRADE FINANCE, its new range of import and export financing solutions
10:48 Port of Helsinki volumes in January-September down 3.3% to 11.16 million tonnes
10:33 Damen partners with Maris to consider seaweed solution
09:51 One-stop principle is crucial for yachting development in Russia - Igor Levitin
09:30 Brent Crude futures price is down 0.29% to $59.25, Light Sweet Crude – fell by 0.13% to $53.8
09:24 MABUX: Bunker market this morning, Oct 21
09:12 Baltic Dry Index is down to 1,855 points

2019 October 20

16:05 EDPR and Aker Solutions to develop 500MW floating wind farm in Ulsan, South Korea
15:25 Coast Guard updates port conditions in Gulf Coast region
14:47 Siemens Gamesa bags three new contracts for 359 MW in Chile
13:41 Fincantieri begins project for stretching three small cruise ships of Windstar
12:34 MSC introduces new Spanish rail service for reefer cargo
11:03 USCG, Mexican Navy search for overdue aircraft in Gulf of Mexico
10:12 DOE authorizes LNG exports from the Venture Global Plaquemines LNG Project

2019 October 19

16:12 Bibby Marine appoints Helen Samuels to lead the company into its next phase of development
14:58 Med Marine is building new concept ice class tugs for Svitzer
12:34 Sohar Port & Freezone inaugurate new Svitzer pilot boat duo
11:44 USCG offloads more than $92 million worth of cocaine in San Diego