• 2020 January 21 09:53

    MABUX: Bunker market this morning, Jan 21

    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 Jan.20:

    380 HSFO: USD/MT – 379.36 (+0.18)
    VLSFO: USD/MT – 627.00 (-3.00)
    MGO: USD/MT – 674.21 (-1.66)


    Meantime, world oil indexes rose on Jan.20 after two large crude production bases in Libya began shutting down amid a military blockade and  Iraqi Supply Disruption

    Brent for March settlement increased by $0.35 to $65.20 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for March increased by $0.22 to $58.76 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $6.44 to WTI. Gasoil for February delivery added $8.00.

    Today morning oil indexes retreat after yesterday’s gaining.

    Two major oilfields in southwest Libya began shutting down on Jan.19 after forces loyal to Khalifa Haftar closed a pipeline, potentially cutting national output to a fraction of its normal level. The closure, which follows a blockade of major eastern oil ports, risked taking almost all the country's oil output offline (about 800.000 barrels per day).

    Also on Jan.19, foreign countries agreed at a summit in Berlin to shore up a shaky truce in Libya, even as the talks were overshadowed by the latest blockade. German Chancellor Angela Merkel told that the Berlin summit had agreed that a tentative truce in Tripoli over the past week should be turned into a permanent ceasefire to allow a political process to take place.

     If Libyan exports are halted for any sustained period, storage tanks will fill within days and production will slow to 72,000 barrels per day bpd. Libya has been producing around 1.2 million bpd recently.

    However, the earlier rise in oil prices eased after some said supply disruptions in Libya will be short-lived and could be offset by other producers, limiting the impact on global markets.

    Anti-government unrest in Iraq, another major oil producer, also had initially supported oil prices, but officials later said production in southern oilfields has not been affected by the unrest. Escalating protests in Iraq have led to a halt in production at the Al Ahdab oil field, which pumps some 70,000 bpd. Al Ahdab is operated by China’s CNPC, but it has been blockaded by security guards who are protesting against the absence of permanent employment contracts. The other field at risk of closure, Badra, produces about 50,000 bpd. Russia’s Gazprom Neft is the operator of that field.

    The IMF reduced its forecast for global growth this year to 3.3% from 3.4% in October. The forecasts for the U.S. and euro zone were both revised down by the same amount. The Fund also cut the forecast for 2021 by 0.2 percentage point to 3.4%, citing the slowdown in India and other emerging markets as additional factors.

    Market activity was thin on Monday on the Martin Luther King Jr. holiday in the United States.

    We expect bunker prices will increase today: 1-3 USD up for IFO, 6-8 USD up for MGO.




2020 April 6

14:50 DNV GL’s new MMC unlocks unprecedented machinery efficiencies and insights
13:57 Technical fleet of Moscow Canal to begin navigation season on April 24
13:33 Construction of Tallink Grupp’s newest eco-friendly LNG-powered shuttle ferry to begin at RMC shipyard in Rauma
12:46 World Ports Covid19 Information Portal established
12:22 IMO issues guidance for delays in newbuild vessel deliveries due to COVID-19
12:00 Nanjing Jinling Shipyard launches the second of G5GG ro-ro vessels for Grimaldi Group
11:18 Average wholesale prices for М-100 HFO fell to RUB 6,299 in RF spot market
11:00 Port of Singapore remains open amidst additional precautionary measures
10:21 Brent Crude futures price is down 1.61% to $33.56, Light Sweet Crude – down 3.18% to $27.43
10:09 NovaAlgoma Short Sea Carriers takes delivery of new mini-bulker
09:50 CIMC Raffles cuts first steel for largest Ice Class ro-ro
09:34 MABUX: Bunker market this morning, Apr 06
09:32 RF Government approves draft Energy Strategy until 2035
09:15 Baltic Dry Index is down to 616 points

2020 April 5

17:08 USCG oversees disembarkation of 250,000 from cruise ships
16:23 PGS announces capacity adjustments, to lay-up its 3D vessels as a response measure to COVID-19
15:14 Coast Guard Cutter Hamilton offloads more than 20,000 pounds of illegal drugs
14:33 Huntington Ingalls Industries awarded $1.50 billion contract for the construction of LPD 31
13:27 PGS completes acquisition on Kwanza Shelf and releases fast-track data
12:13 Viking launches new channel VIKING TV with daily cultural content
11:29 Crowley tugs work together to load LP Odyssey launch platform for offshore ship transfer
11:06 APL announces arrangement for cargo bound for Chittagong
10:14 U.S. Navy selects HII to provide logistics support for surface ships and submarines

2020 April 4

16:41 Bollinger delivers the 38th FRC Harold Miller to the USCG
15:21 APL announces new LSS as from May for Trans-Pacific eastbound market
14:47 Viking announces Mississippi River cruises
13:34 Iridium partner Globalsat equips Argentine Navy’s Fortuna III yacht with Iridium Certus® Service
12:23 BlueWater Reporting posts report on COVID-19’s impact on China’s box volumes, economy
11:08 Torqeedo's milestone 100,000th electric drive goes to Spirit Yachts

2020 April 3

18:42 Concordia Damen nominated to build new, sustainable training vessel for STC Group
18:27 Diana Shipping announces time charter contract for m/v Alcmene with Cargill
18:07 Breakbulk Europe to take place from 29 September to 1 October 2020
17:51 Northern Sea Route cargo traffic in 3M’2020 totaled 7.83 million tonnes, up 7.7% YoY
17:28 ECSA Board: Shipping industry keeps Europe running but will need more EU support to recover
17:14 Tallink continues transporting passengers on Tallinn-Helsinki route
16:50 GT Morstoy completed slope protection under LUGAPORT project
16:25 World Maritime University stays connected in uncertain times
15:46 FESCO provided agent services for vessel delivering platform of Sea Launch spaceport to Primorye Territory
15:22 Rosmorport's Azov Basin Branch carries out measures to prevent COVID-19 spread
14:57 New bunker alert service available for BIMCO members
14:33 NUTEP recognized as best in Basic business activities nomination of Best Stevedore contest
13:49 DeloPorts continues to operate despite quarantine and days off in Russia
13:24 AS Tallink Grupp published its statistics for March and first quarter of 2020
13:01 Zeebrugge Port Authority facilitates extra ground for port users in need due to corona crisis
12:40 Crisis caused by Covid-19 brought changes and highlighted new opportunities for port of Riga
12:18 Sea Port of Saint-Petersburg JSC arranged testing of its employees to detect coronavirus
12:15 Ocean Yield ASA announces delivery of modern dry bulk vessel with long-term charter
11:52 Vladimir Solodov appointed as Acting Governor of the Kamchatka Territory
11:00 Samherji Holding granted an exemption from mandatory bid obligation in Eimskip
10:49 Сorvettes of RF Navy's Baltic Fleet completed training anti-submarine missions at sea
10:21 Brent Crude futures price is down 4.51% to $28.69, Light Sweet Crude – down 5.73% to $23.87
10:00 Bunker prices continue falling at the port of Saint-Petersburg, Russia
09:42 Viking Line continues service in the Baltic Sea
09:36 Yury Bezdudny appointed Acting Governor of Nenets Autonomous Area
09:18 Baltic Dry Index is flat at 624 points
09:09 MABUX: Bunker market this morning, Apr 03
08:33 Ocean Network Express issues its first electronic Bill of Lading

2020 April 2

18:27 FSL Trust completes disposal of crude oil tanker
18:07 CMA CGM announces that this Low Sulphur Surcharge is not applicable
17:54 Aleksandr Tsybulsky appointed as Acting Governor of Arkhangelsk Region