• 2019 October 9 08:29

    MABUX: Bunker Market this morning Oct 09

    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 slight upward changes on Oct.8

    380 HSFO - USD/MT 392.71 (+0.54)
    180 HSFO - USD/MT 430.27 (+0.04)
    MGO - USD/MT 661.50 (+3.23)

    Meantime, world oil indexes also demonstrated downward changes on Oct.8. as tensions rose between China and the United States ahead of high-level trade talks.

    Brent for December settlement decreased by $0.12 to $58.24 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for November delivery fell by $0.12 to $52.63 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $5.61 to WTI. Gasoil for October delivery decreased by $10.00.

    Today indexes slight down as prospect of the United States and China striking a trade deal in talks this week is unlikely, that raise uncertainties for global economic growth and oil demand.

    The Trump Administration was moving ahead with efforts to limit capital flows into China and the inclusion of more Chinese firms in a blacklist. Washington widened its trade blacklist to include some of China’s top artificial intelligence start-ups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions ahead of trade talks in Washington this week. A South China Morning Post report that said China had toned down expectations ahead of high-level trade talks between the two countries that are to resume on Thursday, after being stalled since May. The report said the Chinese delegation could depart Washington a day earlier than scheduled. An increase in U.S. tariffs to 30% from 25% on $250 billion worth of Chinese goods is scheduled for Oct. 15. Prospects for progress dimmed after U.S. President Donald Trump said a quick trade deal was unlikely.

    According to the American Petroleum Institute crude inventories rose by 4.1 million, with gasoline supplies down by 5.9 million barrels for the week ended Oct. 4. It is expected that the Energy Information Administration will report a build of 1.4 million barrels on its petroleum data today later.

     Oil prices were also pressured by weak economic data after U.S. producer prices fell unexpectedly in September, weighed down by lower costs of goods and services, which could give the Federal Reserve room to cut interest rates again this month.

    The U.S. Energy Information Administration (EIA) on Oct.8 cut its 2020 world oil demand growth forecast by 100,000 barrels per day (bpd) to 1.30 million. The EIA also said U.S. crude production is expected to rise by 1.27 million bpd in 2019 to a record 12.26 million bpd, slightly above its previous forecast for a rise of 1.25 million. International Monetary Fund Managing Director Kristalina Georgieva at the same time warned of a risk of complacency among countries. Without action to resolve trade conflicts and support growth, global economic deceleration could turn into “a more massive slowdown,” she said.

    However, protests in OPEC members Iraq and Ecuador threatened to disrupt their oil output and supported prices. In Iraq, protests resumed overnight in Baghdad’s Sadr City district, though much of the country appeared quieter than it has been for a week. Potential attacks by Turkey on Kurdish forces in northeast Syria could take place close to the Iraqi border, leading to the crisis that puts pressures on Kurdistan’s economy. Turkey said it had completed preparations for a military operation in northeast Syria after the United States began pulling back troops.

    Ecuador’s energy ministry said protests against austerity could reduce its oil output by 59,450 bpd.

    We expect bunker prices to demonstrate slight downward changes today: 1-3 USD down for IFO, 7-10 USD down for MGO.




2020 July 14

15:04 Engineering and geological survey began for construction of Port Dalny terminal in Khabarovsk Territory
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%