• 2019 October 4 09:11

    MABUX: Bunker Market this morning Oct. 04

    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) continued downward evolution on Oct. 3

    380 HSFO - USD/MT 394.76 (-4.97)
    180 HSFO - USD/MT 433.26 (-5.60)
    MGO - USD/MT 659.17 (-2.89)


    Meantime, world oil indexes also demonstrated slight rregular changes on Oct.3.

    Brent for December settlement increased by $0.02 to $57.71 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for November delivery fell by $0.19 to $52.45 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 5.25 to WTI. Gasoil for October delivery decreased by 4.25.

    Today indexes rise but still under the pressure of  fears that slower global economic growth will hurt fuel demand, while Saudi Arabia said it has fully restored oil output after recent attacks.

    Weak U.S. services sector and jobs growth data on Oct.3 added  worries about global oil demand and exacerbated fears that a protracted U.S.-China trade war could push the global economy into a recession. However, recent data showing a slowdown in U.S. shale output and drilling activity could lend some support.

    The Institute of Supply Management said its non-manufacturing index fell to its lowest level since August 2016. That came on the heels of the ISM’s purchasing managers index for manufacturing, which posted the lowest reading since 2009. Then, on Wednesday, the ADP National Employment Report showed that private payrolls growth in August was not as strong as previously estimated.

    The impact of the Saudi attacks on physical supply has now unwound more or less completely. Saudi Oil Minister Prince Abdulaziz bin Salman told a conference in Moscow on Oct.03, that the kingdom’s output had stabilized at 9.9 million barrels a day, and that it now has another 1.4 million barrels a day of spare capacity.

    Despite increasing signs of a slowdown in global demand growth, Russian Energy Minister Alexander Novak said there was no need for any immediate change to the OPEC+ agreement on output restraint that is currently keeping 1.2 million barrels a day of crude oil off world markets. He also noticed, that he still expects global demand to grow by 1.4 million barrels a day, while the International Energy Agency expects 1.3 million b/d but warns that demand is “fragile”. The OPEC+ group is due to review its agreement in the first week of December, while the agreement itself is due to run through the end of March 2020.

    Russian oil output edged down to 11.25 million barrels per day (bpd) last month from August’s 11.29 million bpd but remained above the caps set under a global production deal. Under the accord reached between OPEC member states and other oil producers, Russia has agreed to reduce output by 228,000 bpd from an October 2018 baseline. The country’s oil output reduction totalled 200,000 bpd last month.

    Russian production has been relatively high amid attacks on Saudi Arabia’s oil infrastructure, which crippled the kingdom’s output. Following the attacks, OPEC oil output fell to an eight-year low in September.

    We expect bunker prices to demonstrate slight irregular changes today: plus/minus 1-3 USD for IFO, 3-5 USD down for MGO.




2020 July 14

14:39 LISCR hires former USCG LNG expert to boost its global team
14:20 Young Russian sturgeon released to Volga as compensatory measure for dredging on Volga Caspian Canal
13:57 Rosmorport releases young keta salmon as compensatory measure for dredging in Shakhtersk
13:36 Straatman BV built solar-powered mooring systems for Port of Hamburg
13:12 ABB to power the world’s largest diamond recovery vessel for De Beers
12:48 Bunker prices are stable at the Far East ports of Russia (graph)
12:23 COMSAT bolsters Inmarsat network with increased C-band and L-band capabilities
11:55 IMO's informal discussions focus on cutting shipping’s carbon intensity
11:31 G3 Terminal Vancouver opens on Canada’s West Coast and transforms Canada’s grain supply chain
11:13 Further progress towards greener and safer ship recycling in Bangladesh reported at SENSREC meeting
10:50 Polish Ministry of Climate signs letter of intent on cooperation in the development of offshore wind energy
10:32 USCG investigates uninspected passenger vessel allision
10:07 Gdynia to be the installation port of Polish wind farms on the Baltic Sea
09:42 More information needed on the impacts of emissions trading in maritime transport
09:26 Oil prices decrease amid demand concerns
09:21 MABUX: Bunker market this morning, July 14
09:08 Baltic Dry Index as of July 13

2020 July 13

18:24 Canada joins Global Ocean Alliance
18:00 Interim report and independent audit of KS1437 Multipass Port project approved by related authority
16:59 Port of Ventspils (Latvia) handled 6.8 million tonnes of cargo in 6M’2020
15:32 Oboronlogistics ensures Northern delivery
15:04 Ørsted and Van Oord have successfully installed all array cables of the Borssele I & II offshore wind farm
14:21 Dublin Port throughput declines by 10.9% in the six months to June
13:53 FSUE Rosmorport’s revenue in HI’2020 grew by 6% YoY
13:30 Average wholesale prices for М-100 HFO grew to RUB 10,425 in RF spot market
13:04 CMA CGM announces FAK rates from Asia to the Mediterranean
12:41 CMA CGM announces FAK rates from Asia to North Europe
12:19 Tallinks’s vessel Romantika to offer two direct sailings from Riga to Helsinki this July and August
12:18 ISO releases environmental report assurance standard
11:55 NOVATEK reports preliminary operating data for the second quarter and first half 2020
11:32 KN increases the volume of biofuel handling
11:02 XELLZ acquires additional 100.000sqm to develop a Free Zone at Rosslare Europort
10:14 Gibdock completes an extensive two-vessel drydocking and maintenance project for returning customer Shearwater GeoServices
10:13 Port of Helsinki throughput in 6M’2019 fell by 9.2% to 6.6 million tonnes
09:58 The Fjords takes delivery of second all-electric passenger ship
09:49 Oil prices continue going down
09:32 RF Government to allocate RUB 320 million as support of shipping companies
09:10 Baltic Dry Index as of July 10
09:05 MABUX: Bunker market this morning, July 13

2020 July 12

16:21 Carnival Corp announces change in leadership team
15:38 UMS Skeldar gets contract to supply mine countermeasures drones system
15:23 Samson introduces the latest in mooring line innovation
14:19 Coast Guard halts 2 illegal charters near Star Island
13:41 Carnival Corporation's AIDA Cruises to restart sailing vacations in August
13:18 New OCIMF Committee structure
12:51 American P&I Club and ABS Consulting join forces to drive cyber awareness for maritime insurance
11:49 Royal Caribbean Group acquires remaining interest in Silversea

2020 July 11

15:28 Cox Powertrain celebrates as first 300hp diesel outboards roll off the production line ready for delivery
14:51 WCI names Tracy R. Zea as President & CEO
13:45 NOS expands its fleet with two additional M-Class vessels
11:37 Huisman to deliver 250mt Knuckle Boom Crane and 500mt Towing Winch for Nanhai Rescue Bureau
10:52 Wabtec wins federal order for advanced marine engines on new multi-use ships

2020 July 10

19:08 CMA CGM announces FAK rates from Asia to the Mediterranean
18:30 CMA CGM announces FAK rates from Asia to North Europe
18:04 HHLA implements machine learning for the first time to increase productivity
18:01 Port of HaminaKotka throughput in 6M’2020 fell by 14.2% YoY
17:38 Information on the seaport of Murmansk changed in the Register of Russian Seaports
17:13 Thun Tankers takes delivery of the fifth L-class at China Merchants Jinling Shipyard
16:52 Russian Railways: Loading of export cargo bound for domestic ports up 3.3%
16:33 Valenciaport reaffirms its leadership as the first Spanish port at UNCTAD index