• 2020 January 15 08:49

    MABUX: Bunker market this morning, Jan 15

    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 downward changes on January 14:

    380 HSFO: USD/MT – 384.68 (-4.14)
    VLSFO: USD/MT – 545.00 (-6.00)
    MGO: USD/MT – 690.45 (-11.29)


    Meantime, world oil indexes increased on Jan.14 amid hope for global growth as the market focused on the signing of a preliminary trade deal between the United States and China.

    Brent for March settlement increased by $0.29 to $64.49 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for February rose by $0.15 to $58.23 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $6.26 to WTI. Gasoil for February delivery increased by $2.50.

    Today morning oil indexes slight down after the American Petroleum Institute (API) reported that U.S. crude stockpiles rose.

    According to API U.S. crude inventories were up by 1.1 million for the week ended Jan. 10. For the forthcoming Energy Information Administration report, which is due later in the day, it is expected a crude inventory decline of 750,000 barrels.

    China’s foreign trade rebounded well above expectations in December. Exports came in 7.6% up on the year, while imports rose by an even more impressive 16.3%. Imports of crude showed the third-highest monthly number ever 45.48 million tons - an average of 10.7 million barrels a day - in December.

    The numbers were arguably inflated by a last-minute dash by independent refiners to fill their import quotas before year-end but they still appeared to point to Chinese industrial activity recovering.

    Moreover, China and the U.S. are scheduled to sign a trade pact on today. The exact details of the deal aren’t known yet, but earlier on Jan.14 the U.S. authorities dropped the designation of China as a currency manipulator. This reverses a move made last summer when relations were at a low point.

    The U.S. Energy Information Administration (EIA) in its Short-Term Energy Outlook raised 2020 forecasts for West Texas Intermediate and Brent crude oil prices and said it expects to see U.S. crude-oil production reach new records in 2020 and 2021. The EIA pegged its 2020 WTI oil forecast at $59.25 a barrel ( up 7.7% from its previous view) and its Brent crude price forecast to $64.83(up 7.1%) for 2020. The agency also expects U.S. crude production of 13.30 million barrels a day this year, and 2021 output seen at 13.71 million barrels a day. For 2020, total world output of crude oil and liquid fuels are forecast at 102.37 million barrels a day, while total consumption is seen at 102.11 million barrels a day.

    However, price gains were capped by receding Middle East tensions, with both Tehran and Washington desisting from any further escalation after this month’s clashes.

    Elsewhere, Saudi Arabia’s energy minister Prince Abdulaziz bin Salman said his country will work for oil market stability at a time of heightened U.S.-Iranian tension and wants to see sustainable prices and demand growth. He said it was too early to talk about whether the OPEC&+ would continue with production curbs set to expire in March.

    The situation in Tehran continued to make headlines as Iranians took to the streets to condemn the Islamic Republic’s leadership after Tehran’s forces accidentally shot down a Ukraine Airlines flight.

    We expect bunker prices to demonstrate slight upward changes: 1-3 USD up for IFO, 1-3 USD up for MGO.




2020 January 24

18:07 Port of Hamburg not expecting reduction in container throughput caused by liner service changes announced by Ocean Alliance and Maersk
17:42 First ship-to-ship LNG bunkering operation in the Port of Rostock
17:40 Engineering troops to develop a plant for desalination of water in the Arctic
17:16 Gasum completes 200th ship-to-ship LNG bunkering
16:52 Carnival Mardi Gras floated out at Meyer Turku shipyard
16:51 Former COO of Stanlow refinery: “The first step of the digitalization is underway”
16:27 Tallink’s vessel Silja Europa to be renewed at Turku Repair Yard in Naantali, Finland
16:04 United Heavy Lift GmbH Hamburg takes over a modern Heavy Lift fleet of nine eco-friendly F900 newbuildings
16:03 CMA CGM announces FAK rates from West Med, Adriatic, Black Sea and East Med to Far East, Middle East Gulf and Red Sea
15:32 First Deputy PM Andrey Belousov held meeting with senior executives of RF Transport Ministry
15:03 Dublin Port Company christens its new Pilot Boat, DPC Tolka
14:30 Sergey Sapegin takes the helm of Kaliningrad Railway
14:03 The Grande Houston delivered to the Grimaldi Group
13:25 Port of Guayaquil inaugurates deepened maritime access channel
12:58 Bunker prices are table at the port of Saint-Petersburg, Russia (graph)
12:01 CMA CGM announces PSS for reefer exports from Ecuador to Europe, Baltic, Mediterranean, Middle East & Asia
11:00 MAN Energy Solutions wins contract to supply the main propulsion engines for two patrol vessels
10:33 The ShipFC project to convert offshore vessel to run on ammonia-powered fuel cell
10:22 MABUX: Bunker market this morning, Jan 24
09:31 Brent Crude futures price is up 0.35% to $62.26, Light Sweet Crude – up 0.4% to $55.81
09:14 Baltic Dry Index is down to 576 points

2020 January 23

19:00 Chembulk Tankers announces management changes
18:27 KOTUG provides salvage assistance to MV EM-OINOUSSES
18:07 Ocean Installer awarded contract with Dana Petroleum
17:42 Almost 290 cruise liners will call at Ports of Stockholm in 2020
17:37 NYK-operated coal carrier Sunshine Pride enters service for Joban Joint Power
17:19 Throughput of port Helsinki (Finland) in 2019 fell by 2% to 14.42 million tonnes (table)
16:48 Draft Strategy for Development of Russia’s Arctic Zone to be ready by 20 March 2020
16:05 The AUTOSHIP project receives funding of almost Euro 20.1 mln
15:21 probunkers signs LOI with Hyundai for the construction of two LNG bunker vessels
15:16 Perspectives for containers and ro-ro market discussed in Berlin
14:40 New intermodal train connection arranged from Luxembourg
13:37 Container Terminal Saint-Petersburg spent RUB 11 million under its social and charity programmes in 2019
13:03 Global Ports Group to renew handling equipment
12:29 Russia's Main Department of State Expertise approves reconstruction at the port of Petropavlovsk-Kamchatsky
12:05 Port of Long Beach moves more than 7.6 million TEU in 2019
11:48 Croatian DIV Group in process to take-over Kleven Verft
11:00 Austal awarded A$15.5m contract for a 41 metre high speed catamaran ferry for SGTM Mauritius
10:56 MABUX: Bunker market this morning, Jan 23
10:27 ABS marks record-setting three years without a work-related lost time injury
10:25 IBIA: IMO 2020 preparations pay off
10:03 Brent Crude futures price is down 0.4% to $64.33, Light Sweet Crude – down 0.48% to $58.1
09:46 TransContainer dispatched test train with hazardous cargo in reefers from Korea to Poland
09:24 Baltic Dry Index is down to 623 points
09:08 Swissterminal and DP World enter strategic partnership
08:36 CMA CGM introduces NETWORKING INTERMEDIATION SERVICES

2020 January 22

18:37 BunkerTrace secures first commercial partnership with Marfin Management
18:07 MAN Cryo to supply icebreaking RoRos with fuel gas supply system
17:45 Throughput of Chinese sea and river ports in 2019 grew by 5.7% YoY to 13.95 billion tonnes
17:20 Ships of RF Navy’s Northern Fleet approached the Strait of Tunis
17:06 Boluda Towage Europe introduces 1st retrofit of conventional tug complying with IMO TIER III Standards in Zeebrugge
16:56 Russian-Japanese anti-piracy exercise successfully completed in the Arabian sea
16:05 European shipping industry urges the revival of Operation Sophia
15:38 Marubeni and Klaveness join forces to create the world’s leading dry bulk Panamax pool
15:23 IMO Secretary-General calls for renewed cooperation at Davos forum
14:57 Positive steps for Somalia’s maritime sector
13:40 Medium sized sea tanker Akademik Pashin entered service with the Baltic Fleet
12:52 Bunker prices are slightly down at the port of Saint-Petersburg, Russia (graph)
12:29 Nonius Engineering supports 7th International Forum of Dredging Companies as its Sponsor
11:44 NIBULON’s fleet transported a record number of cargoes by Ukrainian rivers in 2019