• 2020 February 27 09:32

    MABUX: Bunker market this morning, Feb 27

    The Bunker Review was contributed 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 continued downward changes on Feb. 26:

    380 HSFO: USD/MT 354.63 (-1.88)
    VLSFO: USD/MT 508.00 (-9.00)
    MGO: USD/MT 571.12 (-6.86)

    Meantime, world oil indexes also declined on Feb.26 as the spread of the coronavirus outside China sparked a new wave of fears and oil demand concern.

    Brent for April settlement decreased by $1.52 to $53.43 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for April fell by $1.17 to $48.73 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $4.70 to WTI. Gasoil for March delivery declined by $17.00.

    Today morning oil indexes continue to fall.

    Asia reported hundreds of new coronavirus cases on Wednesday, including the first U.S. soldier to be infected and outbreaks in Italy and Iran spread to other countries. The U.S. Centers for Disease Control and Prevention (CDC) warned Americans on Tuesday to prepare for a likely pandemic. The COVID-19 continue to spread across the world. Brazil reported its first coronavirus case on Wednesday, the first in Latin America, while Germany said it had seven new cases, continuing the rash of infections seen outside of China that have run from Iran to South Korea

    Oil prices have a little support from hopes for deeper output cuts by OPEC and its allies including Russia, a group known as OPEC+. They due to respond to the oil market impact of the coronavirus with possible additional production cuts, and next week’s meeting will decide the future of the coalition’s current 1.7 million b/d supply cut accord, which expires at the end of March. OPEC+ is weighing a recommendation to cut its quotas by another 600,000 b/d, but Russia, the key non-OPEC partner, has yet to commit.  Secretary General Mohammed Barkindo said OPEC is monitoring the spread of the COVID-19 virus ahead of its scheduled March 5-6 meeting as a suspected case of the infection was reported in Vienna near the secretariat. As of now, plans for the meeting have not been changed.

    Kuwait has barred foreign ships, except those carrying oil, from departing to or arriving from several countries to prevent the spread of the coronavirus. The notice, dated Feb. 25, has banned ships from and to South Korea, Italy, Thailand, Singapore, Japan, China, Hong Kong and Iraq. Oil sector ships are excluded from the ban.

    The International Energy Agency's (IEA) outlook for global oil demand growth has fallen to its lowest level in a decade, Executive Director Fatih Birol said on Tuesday, adding it could be reduced further due to the outbreak.

    According to the Energy Information Administration, U.S. crude oil stockpiles rose less, than expected last week - by 452,000 barrels. That compared with expectations for a build of 2 million barrels. Gasoline inventories dropped by 2.7 million barrels, versus forecasts for a decline of about 2.25 million barrels. Distillate stockpiles fell by 2.1 million barrels, compared with expectations for a drawdown of 1.71 million barrels.

    We expect bunker prices may continue downward trend today: 5-7 USD down for IFO, 15-17 USD down for MGO.

2020 March 30

18:30 Ecochlor announces collaboration with Horizon Air Freight to expand shipping services
18:15 Inmarsat takes founding role in first Decarbonising Shipping programme for Asian start-ups
18:05 Start of cruise season in Kiel to be postponed until end of April
17:57 Globaltrans’ profit for 2019 climbed 16% YoY to RUB 22.7 billion
17:03 CMA CGM announces PSS from Romania to the Mediterranean
16:35 OOCL announces Transpacific product update
16:20 About 40 small- and mid-size ships to be built for Russia’s Far East by 2025
16:03 ClassNK releases Guidelines for Non-destructive Inspection by Phased Array Ultrasonic Testing
15:45 Gasum to supply Preem with renewable maritime fuel
15:24 Two ferries operate between seaports of Kaliningrad and Ust-Luga
15:03 NuStar extends Svitzer contract in Point Tupper, Canada, by five years
14:58 5G innovation put to a practical use in the Port of Zeebrugge
14:46 Global Ports terminals add new transit intermodal service from Europe to Asia via Russia
14:28 BPO and BTJ prepared overview of measures introduced in ports and shipping lines within Baltic Sea region
14:02 Port Houston posts cargo volume results for Feb 2020
13:51 Average wholesale prices for М-100 HFO fell to RUB 8,177 in RF spot market
13:20 Wärtsilä signs agreement with Kuribayashi Steamship in Japan for deployment of innovative gate rudder technology
13:10 Maersk’s first intercontinental train from Europe to Asia dispatched from St. Petersburg
13:03 Tianjin Port Development announces 2019 unaudited annual results
12:29 United Shipbuilding Corporation establishes center for prevention of Covid-19 spread
12:02 Ports of Bremen fully functioning
11:37 Abu Dhabi, UAE to host ADIPEC 2020 on November 9-12
11:12 MABUX Digest: Top events on global bunker market. Week 13
11:02 First-stage land usage permit issued to APM Terminals Poti
10:50 KN moves its LNG Terminal from its normal location due to cleaning work
10:28 Port of Riga reports no significant changes in cargo handling
10:21 Panama Canal backs efforts to expedite return home of the passengers and crew on Holland America’s Zaandam
10:04 NCSP Group published its consolidated financial results for 12 months 2019
09:41 MABUX: Bunker market this morning, Mar 30
09:26 RF Government limits crossing of state border checkpoints
09:09 Baltic Dry Index is down to 556 points

2020 March 29

16:29 Coast Guard and a salvage towing company rescued three people near Key Largo
14:35 AAM to complete construction of the first hydrogen fuel cell vessel in the U.S.
13:17 Fischer Panda UK introduces standardised FP Control across new models
12:03 USCG responds to grounded container vessel in Mississippi River
11:52 Stena Bulk performs a test running an MR tanker on 100% biofuel

2020 March 28

15:13 Belov Engenharia Ltda to operate Robert Allan designed DSV for Petrobras
13:42 Valaris received a termination notice for the drilling contract for VALARIS DS-8
12:47 SCHOTTEL wins propulsion contract to equip U.S. Navy vessels
11:31 VT Halter Marine to execrise an option for forth APL(S)
10:53 USCG Cutter Polar Star returns home from Operation Deep Freeze 2020

2020 March 27

18:37 Kim Heng Marine & Oilfield incorporates JV Bridgewater Marine (Taiwan)
18:14 Port of Antwerp Covid-19 Taskforce: supply chains still working
17:52 Oboronlogistics delivers materials and equipment for construction of medical center in Kaliningrad Region
17:29 Exercise involving three frigates of RF Navy’s Black Sea Fleet took place in Mediterranean Sea
17:05 Philippine Ports Authority imposes entry protocol in offices, ports in fight against COVID-19
16:43 Admiralteiskie Verfi launches lead freezing trawler of Project СТ-192 built for Russian Fishery Company
16:21 Arthur Sedov appointed as Managing Director of Rosterminalugol
16:05 Cosco Shipping Ports announces full year results for 2019
15:58 Gazpromneft Ocean marine oils are available in South Korea
15:44 The world's most powerful semi-submersible crane vessel receives the largest LNG bunkering in the Port of Rotterdam
15:27 Navigation on middle Volga and Volga-Baltic Canal to be opened ahead of schedule
15:04 Maritime and Port Authority of Singapore to provide economic relief to passenger vessel owners and operators
14:40 Severnaya Verf lays down fifth processing trawler of Project 170701 ordered by NOREBO Group
14:16 VPower Group is new distributor for Rolls-Royce’s MTU solutions in China
13:55 Russia’s foreign trade cargo to be completely redirected to domestic ports by 2022-2023 - Rosmorrechflot
13:06 Russian bunkering market meets demand for low-sulphur fuel – RF Transport Ministry
12:28 Port of Gdansk is fully operational
11:33 Rosmorport's Arkhangelsk Branch takes measures to prevent COVID-2019 spread
11:09 Diana Shipping announces time charter contract for m/v P. S. Palios with C Transport