• 2020 February 24 14:53

    MABUX Digest: Top events on global bunker market. Week 08

    The Bunker Weekly Digest was contributed to IAA PortNews by Marine Bunker Exchange (MABUX)

    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) did not have firm trend in the period of February 17-21:

    380 HSFO added 3.01 to 367.18 USD/MT
    VLSFO       lost 1.00 USD to 538.00 USD/MT
    MGO          fell by 0.44 to 599.07 USD/MT


    • Chinese refineries have cut output, causing crude stocks to pile up. That has left numerous Very Large Crude Carriers (VLCCs), capable of holding more than 2 million barrels of crude each, unable to unload at China’s top crude import terminal of Qingdao. Other cargoes are being diverted to South Korea, Malaysia, Singapore and other locales in China.

    • OMV Petrom (Romania) has started to produce IMO 2020-compliant VLSFO, first delivery at Constanza port. Developed at the Petrobrazi refinery, the new very low sulphur fuel oil (VLSFO) is said to be ‘unique to the Romanian market’ and for the first time reduces the country’s reliance on bunker fuel imports.

    • CMA CGM introduces Panama Canal Adjustment Factor. CMA CGM’s new CAN20 surcharge is $15 per TEU for dry and reefer cargo, with the exception of US to South America West Coast trades, where the charge is $15 per TEU, $30 per FEU, and $34 per 45 ft container. The new surcharge (CAN20) will be introduced from 1 March, with some regional exceptions.

    • Egypt denied reports that the navigation movement at the Suez Canal has been affected due to the spread of coronavirus in China. The Suez Canal Authority dismissed these reports stressing that navigation movement at the Suez Canal is normal.

    • The International Bunker Industry Association (IBIA) has warned International Maritime Organization (IMO) member states of the risks of imposing a universal policy on open-loop scrubber washwater discharge that ignores local conditions. As per Association, if attempt to harmonize local rules on discharges, shipping industry might end up with a ‘one size fits all" policy, that risks being too restrictive for some ports and coastal areas and not restrictive enough for others.

    • The use and carriage of HFO in the Arctic is increasing, with a 46% increase in the volume of HFO fuel carried by ships in the Arctic between 2015 and 2017, and a 57% increase in the amount of HFO used. This increases the risks of HFO spills and impacts from black carbon in the region.

    • Golden Ocean has announced that it has completed 14 of the 23 planned scrubber installations on its Capesize vessels – but the completion dates for some of the remaining installations have currently been extended due to the impact of the coronavirus in China.

    • IEA, annual methane emissions from oil and gas are around 80 million metric tonnes. Upstream methane emissions have been a particular critical issue when assessing the overall, life-cycle environmental impact of using liquefied natural gas (LNG) as a marine fuel.

    • Gazprom Neft (Russia) plans to produce more than 1.5 million mt/year of low-sulfur fuels for the domestic market, including both VLSFO and ultra low sulfur fuel oil (ULSFO) for use in emission control areas.

    • Portuguese oil refiner Galp is currently producing up to 220,000 mt/month of very low sulfur fuel oil (VLSFO) but no high sulfur fuel oil (HSFO). Shipowners hoping to find HSFO in Portugal for their scrubber-equipped vessels have to look elsewhere.

    • The total volumes of bunker fuel sold in Rotterdam in 2019 dipped to below nine million cubic metres (cbm) in 2019, down from 9.5 million cbm in the previous year. Meantime, the bunkering demand for LNG, biofuels and very low sulphur fuel oil (VLSFO) increased over the past year – but then LNG and biofuels are still building from a low base and the jump in VLSFO sales has been precipitated by the introduction of the IMO 2020 0.50% global sulphur cap.

    • Maersk has announced a 6.7% reduction in its bunkering consumption in 2019 compared to 2018. This reduction is even with fleet growth. The figures additionally indicate a bunker price of $412 per tonne in 2019 compared to $424 USD per tonne in 2018.

    • The Standard Club has advised its members about 'sudden and unannounced' inspections by Turkish customs on ships. A number of incidents have been reported where custom officials have boarded ships for the purpose of checking the ship’s actual fuel quantity against the one declared on arrival.
        
    • Argus reported that High sulfur fuel oil (HSFO) now claims just a 5% share of the total bunker market in the US. HSFO makes up 5% of sales, marine gasoil 33- 38% and very low sulfur fuel oil (VLSFO) 57- 62%.

    • Singapore’s residual fuel oil inventories jumped 10% to their highest in more than nine months, in the week ended Feb. 19, despite plummeting net import volumes, in the latest sign of sluggish bunker demand in the city-state.

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2020 April 8

10:16 Tallink Grupp’s vessels Megastar, Galaxy and Baltic Princess suspend passenger transport to Finland
09:40 Bunker prices start going up at the port of Saint-Petersburg, Russia
09:19 Baltic Dry Index is down to 596 points
08:47 Golden Ocean announces appointment of Ulrik Uhrenfeldt Andersen as CEO

2020 April 7

18:38 RF Government makes big decision to quit transshipment of NOVATEK’s LNG in Norway
17:27 BashVolgotanker opens navigation with first tanker leaving Samara for Kavkaz
17:03 IADC moves its seminar and course to 2nd half of 2020
16:49 RF Navy’s oceanographic research vessel "Admiral Vladimirsky" arrived in the Durville Sea
16:05 ECSA and ETF launch joint project WESS
15:51 Bunker prices are flat at the Far East ports of Russia (graph)
15:43 Port of Rotterdam adds Boxinsider to Portbase
15:28 Dredging works at LNG terminal in Klaipeda Seaport completed ahead of schedule
15:04 VTT to assess bio- and waste-based oils suitable for power plants and ships
14:43 Nordic Investment Bank is sponsoring expansion of Klaipeda Seaport
14:20 AET and TOTAL agree time charter for two LNG dual-fuel VLCCs
13:52 Rosmorport changed tariffs on crew boats services rendered in seaports of Eysk and Temryuk
13:29 Krasnoye Sormovo shipyard introduced short-time operation till 30 April 2020
12:54 Rosmorport announces tender to reconstruct coastal facilities of Vanino-Kholmsk ferry service
12:26 Rosmorport announces tender to build and reconstruct port infrastructure in Nikolskoye settlement
11:47 Hydrographic vessel of RF Navy’s Pacific Fleet continues its long-distance cruise to Antarctica
11:09 Hurtigruten temporarily suspends operations
10:25 Brent Crude futures price is up 3% to $34.04, Light Sweet Crude – up 3.53% to $27
10:08 Stena Line to furlough 600 employees and make 150 redundant in UK and the Republic of Ireland due to COVID-19
09:53 Extraordinary security measures undertaken by PORT FLEET operating in Big Port St. Petersburg
09:34 Nuclear-powered container carrier Sevmorput unloaded cargo for Arctic LNG 2 project
09:16 Baltic Dry Index is down to 604 points
09:02 Austria's overseas traffic via Hamburg remains stable
08:46 MABUX: Bunker market this morning, Apr 07
08:19 LR chosen for LNG Canada export terminal project in Kitimat

2020 April 6

18:37 Okeanis Eco Tankers announces three year VLCC time charter
18:06 Bureau Veritas helps to manage risk thanks to digitalized inspection services
17:45 Turnover of DeloPorts terminals in January-March of 2020 reached 2.6 mln tonnes, up 44% YoY
17:39 The production of Tallink’s new car and passenger ferry MyStar has started at Rauma shipyard
17:12 Maersk Container Industry signs first Star Cool milestone contract with Evergreen
17:06 Lloyd’s Register completes six-day, three-person audit for marine and offshore component and equipment business Whittaker Engineering
16:30 8,800 cbm of material dredged in Korsakov seaport
16:08 MABUX Digest: Top events on global bunker market: Week 14
16:06 CMA CGM cancels PSS for cargo from East Africa to Asia
15:59 The Korean Register releases the latest updated version of KR-CON
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