• 2019 August 23 08:35

    MABUX: Bunker Market this morning August, 23

    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) rose on Aug. 22

    380 HSFO - USD/MT 357.77 (+3.44)
    180 HSFO - USD/MT 404.11 (+3.52)
    MGO - USD/MT 641.17 (+3.52)


    Meantime, world oil indexes demonstrated slight downward changes on Aug. 22 as weak U.S. factory data highlighted demand concerns, and prospects of a Federal Reserve interest rate cut.

    Brent for October settlement decreased by $0.38 to $59.92 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for October delivery declined by $0.08 to $55.35 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 4.57 to WTI. Gasoil for September delivery fell by $7.00.

    Today indexes are steady as the market expects that the Federal Reserve would signal an interest rate cut.

    Expectations have been heavy since the start of the week that Powell’s speech at an economic conference in Jackson Hole, Wyoming on Aug.23 would provide clues on when the central bank would cut rates again after its 25-basis-point reduction in July. Powell is under pressure from President Donald Trump to announce a full percentage point cut in rates, or something as substantial, to deliver a major boost to the markets.

    There are still fears about slowing global economies and demand. At the same time oil indexes downside was limited on Aug.22 by data showing that business activity in the Eurozone unexpectedly picked up in August, giving crude traders momentum respite from economic worries that had pressured prices.

    Also supporting the market was the expectation that OPEC will squeeze crude supply further to boost prices OPEC’s share of global oil supply had fallen to 30%, its lowest in a decade, but the cartel won't be stampeded into changing output policy as a result.

    Traders were worried on the prospects of global oil demand especially amid trade tensions between the U.S and China, the world’s two biggest economies and oil users.

    U.S. President Donald Trump on Aug.21 said he was “the chosen one” to address trade imbalances with China, even as congressional researchers warned that his tariffs would reduce U.S. economic output by 0.3% in 2020.

    Efforts by Saudi Arabia and its producer allies to boost prices by restraining supplies haven’t brought result in the face of surging output from American shale fields. The drop in U.S. crude inventories last week was overshadowed by a 2.61 million-barrel increase in stored supplies of diesel and other distillates, heightening demand concerns.

    Meanwhile, oil markets found some support from the simmering tensions between U.S. and Iran, after Iranian President Hassan Rouhani said if Iran’s oil exports are cut to zero, international waterways will not have the same security as before.

    Bunker prices are expected to demonstrate downward changes today: about 1-3 USD down for IFO, about 5-7 USD down for MGO.





2020 August 14

17:46 Ukrainian port of Skadovsk opens grain season
17:23 Heerema's SSCV Sleipnir breaks own record with 10100 mT jacket lift
17:03 Diamond S Shipping Inc. reports 2Q 2020 results
16:59 NIBULON hits new records in 2020/21 marketing year
16:40 H1’2020 throughput of Taganrog Sea Commercial Port is flat Y-o-Y
16:18 Robert Socha joins Conrad Shipyard’s senior management team
15:54 Rosneft’s 1H 2020 hydrocarbon production fell by 7% YoY
15:35 Aker Carbon Capture AS and Aker Offshore Wind Holding AS – contemplated private placement and listing on Merkur Market
15:11 DOF Rederi AS sold vessels with YB 1983/2020
14:49 Port of LA to work with California manufacturers and technology association under new agreement
14:22 Transshipment of Angara launchpad components underway at Sovetskaya Gavan port
13:46 NCSP joins national project to improve workforce productivity
13:24 First of six new US Navy tugboats features integrated Furuno Marine Electronics
13:01 Port of Cardiff signs new long-term lease with Stone Supplies Ltd.
12:38 Rosneft reports H1 net loss of RUB 113 billion
12:10 Okskaya Shipyard lays down fifth multipurpose dry cargo carrier of Project RSD59 for Astrol
11:47 IMSC issues statement on the Incident with Motor Tanker Wila
11:29 Port of LA July volumes are strongest of 2020
10:53 First part of permanent layoff negotiations at Turku shipyard are ready
10:29 Krasnoye Sormovo lays down 23rd dry cargo carrier of Project RSD59
10:04 BlueWater Reporting issues alliance market share report
09:30 Crude oil prices start rising
09:12 MABUX: Bunker market this morning, Aug 14
09:07 Baltic Dry Index as of August 13

2020 August 13

20:58 Rosmorrechflot promotes Stanislav Uryupin to Port of Novorossiysk Harbourmaster
18:31 Glavgosexpertiza gives nod to Sovetskaya Gavan LPG terminal project
18:06 Global Industry Alliance issues Just-In-Time Arrival Guide
17:36 HMM Rotterdam en route to Rotterdam
17:18 Ust-Luga Multipurpose Reloading Complex half-year cargo volume down 9% year-on-year
17:06 The operational situation in the port of Beirut is back to normal
16:48 TCSP Group half-year throughput grows 11.4%
16:31 Kalmar service expertise to enhance safety, performance and productivity on WWO’s American routes from Manzanillo International Terminal in Panama
16:12 CMA CGM announces PSS from North Europe (except France) to Australia & New Zealand
15:26 Minister for Regional Growth and Local Government opens multi million pound bulks terminal at Teesport
15:21 St. Petersburg set to create infrastructure for all-electric passenger vessels
14:39 First supply of bunker fuel by Gazpromneft Marine Bunker to the brand new cruise ship Mustai Karim
13:52 MABUX releases weekly review of global bunker market
13:21 VIKING delivers first of ambulance boat trio for Hellenic Coastguard
12:32 Grain exports via Krasnodar Krai based seaports in Jan-Jul jump 32%
12:14 Port of Oakland import cargo volume grew 6.4 percent in July
11:33 MacGregor receives EUR 18 million RoRo orders from Japan
10:52 Australia authorities issue fumigation requirements for the 2020/2021 high risk season
10:17 Sea Port of St. Petersburg half-year cargo volume rose 3%
10:14 MABUX: Bunker market this morning, Aug 13
09:52 Crude futures prices retreat
09:32 Baltic Dry Index as of Aug 12
08:26 ME-GI engine sails through sea trials

2020 August 12

18:57 Risavika LNG index for September up by 8.9 % week on week
18:27 Andreas Rieckhof new Chairman of Hamburg Messe und Congress GmbH Supervisory Board
18:08 At the three Hamburg container terminals throughput volume down 12.0 % in H1 2020
18:07 Sri Lanka Ports Authority assures safe handling of dangerous cargo under UN regulations
17:47 Rosmorport’s Azov-Black Sea branch adds TSHD Sommers to its fleet
17:43 Boluda Towage Europe takes on two new tugs from Damen Shipyards Group
16:49 Investors set to inject in excess of RUB 19 bn in federal port infrastructure facilities development
15:44 MoD eyes placing more orders for the Steregushchiy class corvettes with Amur Shipyard
15:17 Joint R&D Starts for Use of Ammonia in Marine Transportation to Reduce GHG Emissions
14:47 CMA CGM announces PSS from Asia to North Europe
14:21 MST wins contract for building 19m high-speed patrol craft duo for the Royal Navy
14:03 MOL issues an update on the Capesize bulker "Wakashio" aground off Mauritius
13:20 Port of Kiel constructs the new port apron