• 2019 June 19 09:38

    MABUX: Bunker Market this morning, June 19

    The Bunker Review was contributed by Marine Bunker Exchange

    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) declined on June. 18

    380 HSFO - USD/MT 381.82 (-2.07)
    180 HSFO - USD/MT 422.74 (-1.32)
    MGO - USD/MT 635.75 (-2.44)


    Meantime, world oil indexes demonstrated upward changes on June 18

    Brent for August settlement increased by $1.20 to $62.14 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for July delivery rose by $1.97 to $53.90 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 8.24 to WTI. Gasoil for July delivery increased by $4.50.

    Today indexes continue to rise as OPEC edges closer to agreeing on meeting date

    OPEC and non-OPEC states are discussing holding meetings on July 10-12 in Vienna, a date range proposed by Iran. OPEC itself, however, is considering meeting on July 1-2 though it is still saying meeting will be held on June 25-26 on its website.

    Meanwhile, reports that China and the U.S. would resume trade talks after a stalemate were also cited as supportive for the markets. President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later this month. The Chinese side has not confirmed a meeting would take place. Chinese state media said Xi agreed to the meeting and emphasized in the call that economic and trade disputes should be solved through dialogue. The U.S.-China trade war has been one of the biggest negatives for oil this year, threatening the global economy with recession and reduced demand for energy. .

    Fears of a confrontation between Iran and the United States have mounted since the last week oil tanker attacks, which Washington has blamed on Tehran. Iran has denied involvement. Trump said he was prepared to take military action to stop Tehran having a nuclear bomb but left open whether he would sanction the use of force to protect Gulf oil supplies. Iran on June,17 said it would breach internationally agreed curbs on its stock of low-enriched uranium within 10 days, adding that European nations still had time to save a landmark nuclear deal.

    Expectations that the Federal Reserve was working on a rate cut to safeguard the U.S. economy from recession also bolstered sentiment.

    Oil prices received additional support from European Central Bank President Mario Draghi's vow to cut interest rates if necessary to support the European economy and reports that Saudi Arabia has been putting new pressure on fellow OPEC members and allies to extend their agreement on output restraint.

    Looking ahead, market’s attention will turn to the weekly crude inventories report from the government's Energy Information Administration, which is due later in the day. It is expected that dataset due on Wednesday could show the first strong drawdowns in crude since early May. U.S. crude inventories likely fell by 2.03 million barrels during the week ended June 14, offsetting almost all of the 2.21 million-barrel build seen in the previous week.

    According to American Petroleum Institute U.S. crude stocks fell by 812,000 barrels last week to 482 million.

    We expect bunker prices to demonstrate upward changes today: 3-5 USD up for IFO, 2-4 USD up for MGO.




2020 July 6

19:07 Equinor awarded framework contract for engineering and installation services on Statfjord
18:27 CMA CGM to launch Round the Africa service
18:07 APM Terminals Buenos Aires facilitates first ever export of lemons from Argentina to China
17:31 Northern Sea Route cargo traffic in 6M’2020 reached 14.8 million tonnes
17:30 Kloosterboer starts construction of Cool Port II at City Terminal Rotterdam
17:06 ArcelorMittal issues invitation to tender for heat network in North Sea Port
16:45 Damen delivers five zero emissions propulsion ferries to Arriva in Copenhagen
16:12 Kvaerner improves financial results and outlook
15:32 Average wholesale prices for М-100 HFO fell to RUB 9,623 in RF spot market
15:08 EMSA’s RPAS to support Finnish, Estonian and Swedish Coast Guard functions
14:05 Zvezda Shipyard lays down fifth Aframax tanker, Nursultan Nazarbayev
13:33 Throughput of Port Vysotsky in 6M’2020 fell by 16.5% YoY
13:10 CMA CGM announces PSS from the Indian Subcontinent, Middle East Gulf, Red Sea & Egypt Red Sea ports to the US Gulf, US East Coast & Canada East Coast
12:00 Sembcorp Marine President & CEO appointed Co-chair of International Advisory Panel on Maritime Decarbonisation
11:01 A.P. Moller - Maersk to acquire European specialist KGH Customs Services
11:00 The car carrier Höegh Xiamen declared a constructive total loss after fire
10:31 IMO is holding an informal (virtual) preliminary discussion session on short-term measures for reducing GHG emissions from ships
10:22 MABUX: Bunker market this morning, July 06
10:00 GTT receives an order from Zvezda for the tank design of five ARC7 ice-breaking LNG carriers
09:56 Republic of Korea implements national sulphur emission control area
09:47 Tallink Grupp cancels Riga-Saaremaa direct special trip
09:29 AS Tallink Grupp published its statistics for June 2020 and 2Q of 2020 financial year
09:13 Baltic Dry Index as of July 3

2020 July 5

15:02 FURUNO acquire EMRI A/S, Danish based provider of advanced ships Maneuvering and Steering Systems
14:51 HamiltonJet partners with RIBCRAFT to power 48 US Navy RHIBs
13:42 Ingalls Shipbuilding awarded $936 million contract to build navy destroyer
12:18 Huisman to deliver offshore mast crane for wind turbine installation in Taiwan
10:44 USCG assists disabled vessels near Freeport, Texas

2020 July 4

15:01 APL announces storage arrangements for China reefer imports
14:39 MAN to supply compression technology for offshore gas production
13:28 Naval Group selected iXblue to supply navigation systems for Gowind-class vessels
12:33 USCG halts illegal charter, rescues 2 on disabled jet ski near Venetian Causeway Bridge
11:04 DNV GL: Ports can be the front runners of the energy transition, if port authorities and industry sectors join forces

2020 July 3

18:37 DistriRail adds its rail schedules to the Port of Rotterdam Authority’s Navigate tool
18:07 ClassNK releases amendments to class rules
17:44 Possibilities of digital transformation of military shipbuilding to be discussed at "ARMY-2020" forum
17:05 ECSA welcomes study on social aspects within the maritime transport sector
16:50 Rosmorrechflot warns about Russia’s risk to move from White to Grey list of Paris MoU
16:24 11 major international companies join forces to accelerate the energy transition in transport and logistics
15:48 Hydrographic Company and MRTS sign contract on construction of Utrenny terminal facilities
15:10 CMA CGM announces rates from Asia to Red Sea
14:43 ABP publishes its Annual Review 2020
14:10 Port of Savannah’s Ocean Terminal takes delivery of two mobile harbor cranes
13:12 Alfa Laval wins SEK 130 million offshore order in China
12:26 Throughput of port Azov in 6M’2020 fell by 15% YoY
12:01 ICS launches Guidance for Engine Room Safety
11:47 North-Western Shipping Company merges into Volga-Fleet
11:15 CMA CGM announces FAK rates from Asia to North Europe
10:59 Finnlines announces bunker surcharge for Malmö-Travemünde-Malmö
10:13 Ocean Yield takes delivery of newcastlemax dry bulk newbuilding
10:12 GTT and Zvezda Shipbuilding Complex sign a Technical Assistance and License Agreement for the construction of LNG carriers incorporating membrane tank systems
09:52 Bunker prices changed slightly at the Port of Saint-Petersburg, Russia (graph)
09:34 Baltic Dry Index as of July 2
09:20 MABUX: Bunker market this morning, July 03
09:16 Oil prices start decreasing
09:09 Baleària presents a proposal for the construction and operation of the new passenger terminal in the Port of Valencia

2020 July 2

18:37 CMA CGM announces FAK rates from Asia to the Mediterranean
18:04 ClassNK releases Annual Report on Port State Control
18:04 CMA CGM updates PSS for Reefer Cargo from North Europe, Scandinavia, Poland & Baltic, West Med & Adriatic to the Indian Subcontinent, Middle East Gulf & Red Sea
17:52 Glavgosexpertiza approves expansion of access canal to Sabetta port