• 2019 April 2 09:31

    MABUX: Bunker Market this morning April, 02

    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) demonstrated upward changes on Apr. 01

    380 HSFO - USD/MT 418.36 (+3.22)
    180 HSFO - USD/MT 464.36 (+2.65)
    MGO - USD/MT 633.57 (+4.36)

    Meantime, world oil indexes increased on Apr. 01 amid strong Chinese economic data and signs of supply tightening

    Brent for June settlement increased by $1.43 to $69.01 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for May delivery rose by $1.45 to $61.590 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 7.42 to WTI. Gasoil for April delivery increased by $1.50.

    Today oil indexes continue to rise after a U.S. official said Washington is considering more sanctions on Iran and a key Venezuelan export terminal halted operations.

    The U.S. government is considering additional sanctions against Iran that would target areas of its economy that have not been hit before. In addition, the U.S. may not extend waivers from sanctions on Iranian oil exports to a group of eight importers that expire next month.

    Manufacturing activity in China expanded more than expected in March, easing concern over a slowdown in the world’s second-largest economy. China’s Caixin manufacturing purchasing managers’ index rose from 49.9 to 50.8, above the 50-mark that separates expansion from contraction and its strongest level since last August. The Chinese economic data was also accompanied by positive steps in current Sino-U.S. trade negotiations. Beijing said over the weekend that the country would maintain its suspension of additional tariffs on U.S. vehicles and auto parts after April 1, matching a U.S. decision to delay tariff hikes on Chinese imports as both sides attempt to reach a deal. Following meetings in Beijing, Chinese Vice Premier Liu He will be in Washington this week to continue high-level trade talks.

    OPEC oil supply sank to a four-year low in March. Saudi Arabia led the cartel’s charge to cut production while U.S. sanctions and power outages shrank Venezuelan output. The positive news boosted oil indexes. OPEC production declined 280,000 barrels per day (bpd) to 30.40 million bpd last month, the lowest OPEC total since 2015. It is likely, that Saudi Arabia and its Gulf allies are pressing ahead with even larger supply cuts than called for by OPEC's latest deal, shrugging off pressure from U.S. President Donald Trump to increase supply.

    Among exempt producers, Venezuelan supply fell by 150,000 bpd as power cuts hit exports, adding to the impact of U.S. sanctions on state oil company PDVSA and a long-term decline in production. Venezuela's Jose crude export terminal has halted operations due to a lack of electricity supply, after restarting on March, 29 following a prolonged blackout.

    Expect bunker prices to demonstrate slight upward changes today: USD 3-5 up for IFO, USD 1-3 up for MGO.




2020 October 29

11:09 DSV Panalpina acquires Prime Cargo
10:50 Novatek to put into operation 30,000-cbm gas carrier under Cryogas-Vysotsk project in 2022
10:37 Volvo Penta IMO III marine generator sets help power five electric ferries in Norway
10:09 International Association of Dredging Companies signs major strategic collaboration agreement with FIDIC
09:51 MABUX: Bunker Market this morning, Oct 29
09:46 Three LNG-powered product tankers for shipment of stable gas condensate from Ust-Luga to be delivered in 2022-23
09:24 Oil prices show slight increase
09:20 Vestdavit wins contract to supply six French Navy vessels
09:12 Baltic Dry Index as of October 28

2020 October 28

18:15 Sri Lanka's East Container Terminal inaugurates for operations
17:51 Tallink Grupp makes temporary changes to Tallinn-Helsinki route schedule from 29 October 2020
17:30 Key element of Russia’s collider facility NICA transshipped in Bronka
17:06 GONDAN delivers new fishing stern trawler to Prestfjord AS
16:39 Rosmorrechflot resumes work on programme for encouraging LNG-powered shipping
16:13 Cavotec launches next generation MoorMaster
16:05 CNL awarded Transport Canada contract to research clean energy technologies to decarbonize marine sector
15:48 Profit attributable to NOVATEK shareholders amounted to RUB 24.1 billion in 9M’2020
15:25 Petersburg Oil Terminal increased shipments of oil products by 18% in 9M'2020
15:03 World’s first LPG-retrofit announced
14:56 SCF time charters three icebreaking LNG carriers to the Arctic LNG 2 project
14:22 FSUE Rosmorport to adjust design documentation for dredging at LNG terminal in Bechevinskaya bay
14:03 LNG-fueled PCTC“SAKURA LEADER” accredited as the world's first digital smart ship
13:37 Blue Wave terminal in Azov port increased its throughput by 13% in 9M’2020
13:11 Cooperation agreement signed between Fincantieri and the Cochin Shipyard
12:35 LNG bunkering vessel Optimus built by Damen arrived in Shanghai for start-up procedures and sea trials
12:04 CMA CGM announces PSS for cargo from Pakistan to North Europe
11:42 Global Ports to launch tank container repairs service at Yanino
11:23 MPA launches RFP for new LNG bunker supplier licence
11:01 4th “LNG Fleet, LNG Bunkering and Alternatives” conference kicked off
10:50 CMIT receives largest container vessel in Vietnam’s history
10:15 “All Ferries of Russia. Baltic Sea” webinar scheduled for 6 November 2020
10:10 Total charters four new LNG-powered vessels
10:01 MABUX: Bunker Market this morning, Oct 28
09:59 CMA CGM announces FAK rates from Asia to North Europe
09:46 Bunker market sees mixed price movements in the Port of Saint-Petersburg, Russia (graph)
09:28 Oil prices start decreasing
09:13 Baltic Dry Index as of October 27

2020 October 27

18:37 Bahri net profit up 114% in third quarter of 2020
18:07 Premuda and Columbia Shipmanagement form joint venture
17:52 Publication of first N2000 nautical charts postponed to 2021
17:45 Deep water berth extension at Port of Halifax fully operational
17:37 SC Ports welcomes two new ship-to-shore cranes
17:30 FSUE Rosmorport to take part in 4th “LNG Fleet, LNG Bunkering and Alternatives” conference
17:06 Costa Cruises completes first LNG bunkering operation in Italy
16:24 OOCL updates North Europe – Turkey service
15:33 New tanks for storage and processing of polluted water have been put into operation in the port of Riga
15:04 Norway's biggest ferry company orders two new ferries from Havyard LAB
14:10 Port of Gothenburg posts results for January-September 2020
14:06 Krasniye Barrikady launched non-self-propelled cargo pontoon of Project GPRN
13:21 Wärtsilä cargo handling system design selected for new Very Large Ethane Carrier vessels
12:52 Bunker prices are stable in the Far East ports of Russia (graph)
12:27 BlueWater Reporting issues Q3 2020 World Liner Supply Report
12:09 HEINEKEN pioneers with zero-emission shipping
11:58 COVAXX and Maersk enter partnership to supply COVID-19 vaccines globally
11:03 Sea Port of Saint-Petersburg continues automation of railcars weighing
10:38 RF Government to look into development of national project focused on IWW
10:09 CMA CGM announces PSS for cargo from India North West ports to Europe
09:45 MABUX: Bunker Market this morning, Oct 27
09:40 Strategy for Developing the Russian Arctic Zone and Ensuring National Security until 2035 approved
09:22 Oil prices are recovering