• 2019 September 16 08:35

    MABUX: Bunker Market this morning, Sept 16

    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) demonstrated irregular changes on Sep. 13

    380 HSFO - USD/MT 401.90 (+11.41)
    180 HSFO - USD/MT 443.92 (+11.50)
    MGO - USD/MT 654.86 (-2.42)


    Meantime, world oil indexes demonstrated downward changes on Sept.13.

    Brent for November settlement decreased by $0.16 to $60.22 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for October delivery fell by $0.24 to $54.85 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 5.37 to WTI. Gasoil for October delivery decreased by 12.50.

    Today indexes jump after attack of drons on Saudi Arabia’s oil facilities on Sept.14

    Saudi Arabia's oil production and exports have been disrupted after drone attacks on two Aramco plants on Sept.14, including the world's biggest oil processing facility. The attacks have impacted 5,7 million barrels per day of oil production -- almost half the kingdom's current output. Yemen's Iran-aligned Houthi group claimed responsibility for attacks that knocked out more than half of Saudi oil output or more than 5% of global supply, but U.S. Secretary of State Mike Pompeo accused Iran of the attack on the world's energy supply. Iran dismissed accusations warned on Sept.15 that U.S. bases and aircraft carriers in the region were in range of its missiles.

    Aramco gave no timeline for output resumption but said early Sept. 14 it would give a progress update in around 48 hours but a source close to the matter said the return to full oil capacity could take “weeks, not days”. At the same time disruption may push oil indexes to as high as $100 if Riyadh fails to quickly bring back supply.

    U.S. President Donald Trump said on Sept.15 that he authorized the release of oil from the Strategic Petroleum Reserve to keep the markets well-supplied. The U.S. is now waiting to hear from the Kingdom to verify and proceed.

    The US oil and gas rig count fell again this week, decreasing by 12 for the week , but US oil companies are still pumping oil at record rates. The total oil and gas rig count now stands at 886, or 169 down from this time last year. The total number of active oil rigs in the United States decreased by 5 reaching 733. In the United States, weekly oil production is still near an all-time high. So while the number of oil rigs have declined by 144 this year alone, production has grown from 11.7 million bpd at the beginning of the year, to 12.4 million bpd for week ending September 6.

    A U.S. State Department spokeswoman has told media the department has evidence that the Adrian Darya 1 tanker had delivered its cargo to Syria. In response to a question on whether the notorious vessel had unloaded its cargo in Syria, Morgan Ortagus told that Iranian regime delivered oil to Syria, and that fuel goes straight into the tanks of troops that are slaughtering innocent Syrians.

    TankerTrackers.com, however, tweeted in response to Ortagus’s statement that there was no evidence the cargo had been unloaded. The vessel, they said, was still off the Syrian coast, whilst if it had partially unloaded the cargo it could have continued to the nearest Syrian port and deliver the rest itself, and then leave for home.

    Earlier this week, the UK raised an alarm that Iran had sold the Adrian Darya 1 cargo to Syria despite its assurances to the contrary and that the cargo was delivered to Syria. Iran rejected the statement saying the cargo had been sold to a private buyer at sea. Where the cargo had ended up was up to the buyer, the Iranians said.

    We expect bunker prices to demonstrate upward changes today: about 10-12 USD up for IFO, about 10-15 USD up for MGO.




2020 July 5

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
17:35 Royal Niestern Sander delivers the hydrographic survey vessel ‘Geo Ranger’ to Geo Plus B.V.
17:21 Oil shipments via CPC Marine Terminal in 6M’20 climbed by 2.2% YoY
17:04 Kongsberg Digital acquires Danish maritime software company COACH Solutions
16:55 Federal government waives the traffic dues for the Kiel Canal until 31.12.2020
16:45 Fincantieri subsidiary INSIS acquired a majority share in Support Logistic Services
16:23 Webinar “Pusher-tugs as a pivot of river transportation chain. Will we have them built?” slated for 8 July 2020
16:04 IPCSA launches the Network of Trusted Networks
15:42 Shipbuilding facility of Neptun CDB in Novaya Ladoga lays down two cruise ships of Project PV20S
15:20 New transshipment terminal soon to become operational at the Port of Gothenburg
15:04 250,000 m2 of rooftop solar panels to be installed in the port of Amsterdam by 2024
14:23 MABUX releases weekly review of global bunker market
14:03 Nippon Paint Marine completes the extensive re-coating of the 1911-built cargo ship
13:29 Cargo traffic within Azov-Don Basin of Russia’s IWWs fell by 5% in 6M’20
13:05 Premiere for Rolls-Royce's first MTU gas engines in new Doeksen ferry
12:44 Bunker prices are slightly up at the Far East ports of Russia (graph)
12:22 Rosmorport announced tender for construction of LNG transshipment facility in Kamchatka
12:00 APM Terminals introduces APIs to transform the next generation of terminal data
11:21 Russian Railways' network loading fell by 4.5% in 6M’ 2020
11:03 ECSA calls on the German Presidency to support a stronger European shipping industry
10:47 Bunker sales at Vladivostok port in 6M’2020 fell by 23% YoY
10:29 Damen Maaskant Shipyards Stellendam delivers trawler Jonge Johannes
10:24 Tallink Grupp makes strategic future investment and purchases ro-pax vessel Sailor
10:02 Oil prices continue rising
09:59 Yang Ming fulfills green promise carbon emission reduced 51% in 2019
09:45 Tallink Grupp adds more departures to Helsinki-Riga and Turku-Tallinn routes for August 2020
09:28 MABUX: Bunker market this morning, July 02