• 2019 October 22 08:31

    MABUX: Bunker Market this morning, Oct 22

    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 irregular changes on Oct.21

    380 HSFO - USD/MT 352.42 (-8.60)
    180 HSFO - USD/MT 394.73 (-9.35)
    MGO - USD/MT 661.79 (+0.79)


    Meantime, world oil indexes also demonstrated downward changes on Oct.21 amid Brexit news and global economic worries.

    Brent for December settlement decreased by $0.46 to $58.96 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for November delivery fell by $0.47 to $53.31 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $5.65 to WTI. Gasoil for November delivery declined by $7.25.

    Today indexes rise supported by signs of progress in talks on resolving the U.S.-China trade dispute.

    U.S. President Donald Trump on Oct.22 said efforts to end a U.S. trade war with China were going well as negotiators from the two nations work settle a Phase 1 trade deal text for their leaders to sign next month when they meet at November's APEC summit. At the same time, the U.S. commerce secretary said an initial trade deal does not need to be finalized next month. That raises the risk of further prolonged negotiations and feed market anxiety about the prospects for a durable deal. U.S. Trade Representative Robert Lighthizer told that the administration’s target is still to finish phase one by the time the APEC meetings take place in Chile on Nov. 16 and 17. He added there are outstanding issues to resolve.

    Retaliatory sanctions of $2.4 billion sought by China for U.S. non-compliance with a WTO ruling from an Obama-era tariffs case also raised concerns about the fragile trade negotiations between the two superpowers. At the WTO, a document published on Oct.21 showed that the United States did not fully comply with an Obama-era WTO ruling. That could open Washington to Chinese sanctions if it does not remove certain U.S. tariffs that break the rules.

    The WTO news comes as U.S. China have been moving gingerly to resolve a trade war that has dragged on almost two years and resulted in hundreds of billions of dollars of tit-for-tat tariffs.

    In the U.K., Prime Minister Boris Johnson’s plan to lead Britain out of the European Union at the end of this month hit another roadblock when the speaker of the House of Commons rejected his attempt to hold a new vote of lawmakers on his Brexit deal. However there is remained hopeful Britain would avoid a disorderly exit from the European Union. Any British-EU agreement that avoids a no-deal Brexit should boost economic growth and oil demand.

    On the supply side, Russia, the world’s second-largest oil producer, said on Oct.19 it did not meet its supply reduction commitment in September because of an increase in natural gas condensate output ahead of winter.

    European refinery production in September fell 4% from the previous month and 4.2% year-on-year. Production hit 10.451 million barrels per day (bpd), with output declining across all refined products.

    We expect bunker prices to decline today: 1-3 USD down for IFO, 5-7 USD down for MGO.




2019 November 18

17:54 Rosmorport supports 3rd Hydraulic Engineering Structures and Dredging Congress as its General Sponsor
17:35 Columbia Threadneedle Investments and Brittany Ferries reach agreement to acquire Condor Ferries from Macquarie Infrastructure and Real Assets
17:21 Moscow, Saint-Petersburg and Murmansk to host PORA discussion “Development of Water Transport Infrastructure in the Arctic” on Nov'26
17:05 ​Shearwater GeoServices awarded largest-ever 4D campaign in the Asia Pacific region by Woodside
16:35 HYUNDAI Merchant Marine joins “Getting to Zero Coalition”
16:20 Gazprom Neft reports 4.1-pct growth of bunker fuel production to 2.04 million tonnes in 9M’19
16:05 Essar Ports completes work on the Hazira-based Passenger Ferry Terminal
15:41 Epic Gas completes acquisition of 11,000 CBM Epic Sicily
15:37 Gazprom Neft increases net profit by 7% in 9M 2019
15:02 Port of Gdynia prepares to develop acquired land at Węgierskie Quay
14:39 Training for African women working in SAR operations held at Maritime Rescue Coordination Centre in Morocco
14:15 CMA CGM announces FAK rates from Asia to North Europe and Mediterranean
13:36 Container Terminal Saint-Petersburg allocated RUB 10.4 million under its 9M’2019 social and environmental programmes
13:15 MacGregor secures complete piggy-back hatch cover order from Fincantieri Bay Shipbuilding
12:53 Vympel Shipyard delivers Grachonok-class special purpose boat to Federal National Guard Troops Service
12:32 Average wholesale prices for М-100 HFO down to RUB 8,159 in RF spot market
12:09 Kim Heng signs MoU with subsea cable installer for offshore windfarm cable-laying projects in Taiwan
11:51 New national port operator WT Terminal established in the Freeport of Riga
11:09 Stena Line takes delivery of new ferry Stena Estrid
10:54 Series of eighth dry cargo carriers of Project RSD32M completed with delivery of Anatoly Nikolayev
10:33 Bunker sales at the port of Singapore in Jan-Oct’2019 fell by 6.4% Y-o-Y to 38.92 million tonnes
10:19 MABUX: Bunker market this morning, Nov 18
10:15 Port of Singapore throughput in Jan-Oct’2019 declined by 0.6% to 520.7 million tonnes
09:52 DEME and Royal IHC launch TSHD MEUSE RIVER
09:34 Brent Crude futures price is flat at $63.3, Light Sweet Crude – at $57.83
09:32 IMO's working group agrees National Action Plans – draft MEPC resolution
09:20 Baltic Dry Index is down to 1,357 points

2019 November 17

16:12 Port of Dover wins ESPO Award 2019
14:47 Aker Solutions and leading operators join forces to qualify subsea gas separation
14:12 Wight Shipyard Co to build an innovative hybrid CTV for CWind
12:42 PSA Marine and Wartsila join hands to tackle climate emergency
11:38 A.P. Moller-Maersk improves operational profitability
10:15 ABS and Arista launch smart shipping journey

2019 November 16

16:42 Team Tankers International Ltd. announces Q3 2019 results
15:02 GasLog places NOK 900M of senior unsecured bonds due 2024
14:23 BTG and GoodFuels preparing for major investment in bio-refinery to support shipping’s low carbon fuels demands
13:41 Third L-class delivered in China
12:32 Seaspan to purchase a fleet of six containerships on long-term charter for $380 million
11:28 Mammoet inks agreement with Port of Coeymans Marine Terminal to strengthen presence along East Coast
10:18 Metal Sharks delivers pilot boat duo to BCMT

2019 November 15

18:09 Coast Guard medevacs cruise ship Aida Perla passenger just off Ponce, Puerto Rico
17:48 Sovcomflot reports its results for third quarter and nine months of 2019
17:23 Wärtsilä and PSA Marine collaborate to achieve clean energy shipping
17:15 Bollinger Shipyards contracted to build ocean transport barge
17:00 Composit supports 7th International Forum of Dredging Companies as its Sponsor
16:57 Ulstein unveils its concept of the first hydrogen powered offshore vessel
16:36 RF Government separates positions of Deputy Transport Minister and head of Rosmorrechflot
16:14 IMO holds training on impacts of anti-fouling systems and ships’ biofouling on marine environment
15:39 Norway boosts IMO's GreenVoyage-2050 GHG project
15:11 New Wärtsilä Expertise Centre provides value-adding lifecycle support
14:57 LUKOIL commissions phase three facilities at Filanovsky field
14:30 NSR cargo traffic totaled 26 million tonnes year-to-date, up 63.5% YoY
14:13 Georgia Ports Authority up 3.5 percent to 428,400 TEU in October 2019
13:13 Diana Shipping announces direct continuation of time charter contract for m/v Medusa with Cargill
12:51 Multipurpose Reloading Complex reports 4-fold increase of allocations for environment protection to RUB 11.5 million
12:32 ABI Research: Commercial fleets looking to tech to accelerate ROI in the face of rising costs, competition, and uncertainty
12:13 Port of Oakland names Danny Wan Executive Director
11:28 ESL Shipping participates in Intelligence Hunt
11:00 CMA CGM to apply GRI from Canada West Coast to worldwide destinations (Excluding EU, Russia & USA)
10:41 Delft Dynamics, Next Ocean and Damen perform qualification test in North Sea