• 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 August 9

16:21 MPA launches six next-generation patrol craft to grow its frontline capabilities
15:35 Fincantieri Bay Shipbuilding prepares for Navy frigate work
14:03 NCLH reports Q2, 2020 financial results
13:27 USCG Cutter Legare offloads nearly 5,000 lbs. of cocaine, marijuana
12:49 ACBL names Mike Ellis as new CEO
11:17 POAL and ship’s master fined $432,400 for excessive speed

2020 August 8

15:32 NOAA, U.S. Navy will increase nation’s unmanned maritime systems operations
14:31 Sanmars Sirapinar commences operations in Baltic Sea
13:42 USCG accepts newest fast response cutter
12:03 SCHOTTEL propulsion for first-class expedition cruise vessels
11:18 Australia’s new icebreaker on the move

2020 August 7

18:32 Maersk revamps Europe to Middle East & Indian Subcontinent network
18:00 Rosmorport's to beef up its icebreaking fleet to 38 units in 2020
17:00 World’s first zero-emissions top handlers performing well at Port of Los Angeles
16:01 Port of HaminaKotka seven-month volume fell 16.7%
15:09 Launching of Russia’s first LNG-powered passenger ship Chaika held at Zelenodolsk Shipyard
14:21 North Carolina Ports records year-over-year increases in Fiscal Year 2020
14:09 Cargo traffic at Port Kavkaz in January-July rose 9%
13:21 ABP invests in Port of Lowestoft to support UK Southern North Sea energy sector
13:19 Krasnoye Sormovo Shipyard hosts launching ceremony for the RSD59 series MS Pola Marina
12:49 Rosmorport plans expansion of its fleet by 24 newbuilds
12:08 Jan De Nul signs contract with Dogger Bank Wind Farm
11:22 The second tanker manufactured in Azerbaijan launched for the next stage of construction
10:37 MSC’s Golden Horn service links China, Korea & Russia’s east coast
09:59 Ecochlor receives IMO BWMS Code Type Approval
09:51 MABUX: Bunker market this morning, Aug 07
09:16 Baltic Dry Index as of Aug 6
09:12 Crude futures prices turn down again

2020 August 6

19:00 FSL Trust agrees to sell three containerships
18:27 Sumitomo Heavy Industries has been granted an “Approval in Principle” for a medium-size high-pressure LNG dual-fueled tanker
18:21 Port of Rostov-on-Don seven-month volume rises 4% to 12.7 million tonnes
18:07 ICTSI 1H2020 net income down 12% to US$113.4mln
17:26 Royal IHC awarded major contract for supply of FPSO equipment for Yinson
17:25 Vodohod’s newbuild Mustai Karim arrives at Saint Petersburg
16:36 Nevsky Shipyard launches the Pavel Leonov, last ship of PV22 series duo
16:15 North Sea Port, Flemish Waterways plc, Port of Antwerp, Port of Oostende, Port of Zeebrugge, the Agency for Maritime and Coastal Services, and the Joint Nautical Management to introduce SWINg in 2021
15:43 Zelenodolsk Shipyard to host tomorrow launching and keel-laying ceremonies
15:41 Maritime Autonomous Surface Ships Port Network was established in Singapore
14:27 MABUX Bunker Weekly Review
13:54 Tolyattii bound heavylift project cargo successfully handled at Port Bronka
13:27 Alaska Marine Lines rail barges upgrade ballast systems
12:46 Davie confirms polar leadership with icebreaker launch
12:35 Transit container transport by RZD network soars 30% in Jan-Jul
11:40 CMA CGM to launch its ever-faster service connecting Spain with Algeria
11:35 Carnival Cruise Line joins industrywide pause in U.S. through October 31
10:18 Shell signs charter contracts for six newbuild LNG carriers
10:15 Fourth IMO Greenhouse Gas Study: Shipping emissions are projected to increase by up to 50% until 2050, relative to 2018
09:58 The Flemish government, Port of Antwerp and SeReAnt together improve the water quality at the Port of Antwerp
09:26 Baltic Dry Index as of Aug 5
09:21 Crude futures prices resume climb
09:10 MABUX: Bunker market this morning, Aug 06
08:11 NYK starts operation of its first finished-car logistics terminal in Japan

2020 August 5

18:57 Valenciaport triples air quality control cabins
18:16 U.S. Coast Guard suspends search for missing spearfisher off Maui
18:04 Port of Helsinki turnover decreased by 26.7% to EUR 33.4 million in January–June 2020
17:35 A delegation of the Port of Gdansk visits Klaipeda
17:06 Voluntary ship slowdown through Swiftsure Bank begins August 1
16:49 Mississippi River will get deeper
16:39 MOL introduces FOCUS Project Part Ⅲ: Virtual Ship Visit Application 'Fleet Tour'
16:29 Admiralty Shipyards starts building fourth CT-192 series trawler the Kapitan Martynov