• 2019 November 19 09:22

    MABUX: Bunker market this morning, Nov 19

    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 upward changes on November 18:

    380 HSFO - USD/MT – 340.45 (+6.16)
    180 HSFO - USD/MT – 384.62 (+5.10)
    MGO - USD/MT – 668.56 (+5.49)


    Meantime, world oil indexes also declined on Nov.18 after China’s concerns over the impeachment proceedings of President Trump.

    Brent for January settlement decreased by $0.86 to $62.44 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for December delivery fell by $0.67 to $57.05 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $5.39 to WTI. Gasoil for December delivery fell by $15.50.

    Today morning oil indexes fell amid market jitters over limited progress between China and the United States on rolling back trade tariffs.

    Indexes were under the pressure after China said that Beijing was minded not to make any further concessions in talks in the near term, and that they preferred to wait and see how the impeachment proceedings against President Donald Trump play out. At the same time, Beijing is not optimistic about prospects for a trade deal as Chinese officials are troubled by U.S. President Donald Trump's comment that there was no agreement on phasing out tariffs. That would reduce the effect of the phase one trade deal that both sides have publicly talked up, but repeatedly pushed back due to reported differences over issues ranging from tariffs to intellectual property rights.

    Looking ahead, the market is also paying close attention to the upcoming Dec. 5-6 OPEC+ meeting. OPEC+ agreed in December 2018 to cut supply by 1.2 million barrels per day. As that agreement comes up for review in the next three weeks, members of the cartel have already been sounding out that it might not want to deepen cuts.

    Anti-government protests in Iraq continued on Monday, with protesters blocking roads leading to five oil fields in the southern Iraqi province of Basra, which is home to the biggest oil fields and the key oil export terminal in OPEC’s second-largest producer. Since the beginning of the protests in Iraq in early October, more than 320 people have died. Protests have quickly spread from Baghdad to the southern city of Basra, where people are angry that the massive oil revenues the government is raking in don’t go towards improving basic services such as water and electricity. Protesters are also angry with endemic corruption and want the leaders to resign. Further escalation of the anti-government protests and potential blockades of oilfields and oil export terminals could disrupt oil supply from the country.  At the same time, Iraq’s Oil Minister Thamer Ghadhban said in a statement a week ago, that Iraqi oil production and exports remain at stable levels.
     
    According to a report from the Energy Information Administration (EIA) released on Nov.18 crude oil production from seven major U.S. shale plays is forecast to climb by average 49,000 barrels a day in December to 9.133 million barrels a day. Oil output from the Permian Basin, which covers parts of western Texas and south-eastern New Mexico, is expected to see the biggest increase, up 57,000 barrels a day in December from November.

    The market is also awaits weekly crude inventories reports from the U.S. Energy Information Administration and the American Petroleum Institute this week, which are due on Wednesday and Thursday respectively.

    We expect bunker prices may demonstrate downward changes today: 3-5 USD down for IFO, 10-15 USD down for MGO.




2020 November 24

20:09 Ministerial conference under German EU Presidency: “Inland Waterway Transport – key to deliver the Green Deal”
18:18 IAA PortNews to host online webinar: "Billions of tonnes of freight moved on the Chinese rivers: should we give it a try?", Dec 2, 2020
18:15 VARD secures contract for the design and construction of eight Marine Robotic Vessels for Ocean Infinity
18:06 Monjasa acquires Golden-Agri Stena tanker for Middle East operations
17:06 MOL & Miura to сonduct demonstration test with microplastic collection device installed on newbuilding wood chip carrier
16:32 Investors commit billions at Lagos Free Zone in Nigeria
15:03 Incat Crowther releases details of next ShadowCAT concept
14:22 Maqta Gateway and TruKKer to сollaborate on digital truck booking services through “MARGO”
13:14 The schedule of port charges for the ports of Bremen to be adjusted due to Corona pandemic
12:11 Diana Shipping reports financial results for Q3 2020
12:05 The Arktika icebreaker accomplishes its first task in the Northern Sea Route basin
11:32 Port of Hamburg сontainer throughput down 4.9 percent to 2.3 million TEU in Q3 2020
11:25 A WWII air bomb defused near Novorossiysk based CPC Terminal
11:09 CMA CGM to launch the TURKEY MED EXPRESS 2
10:04 MABUX: Bunker market this morning, Nov 24
09:46 Crude futures prices rise on vaccine hopes
09:22 Baltic Dry Index as of Nov 23
09:02 East Coast Australia JIP delivers a new interactive dashboard for LNG forecast

2020 November 23

18:24 North P&I Club pre-renewal report confirms corrective response to market challenges
18:00 RF Government is set to reorganize the structure of development institutions
17:13 4th International Congress “Hydraulic Engineering Structures and Dredging” slated for 25-26 February 2021
16:34 Damen completes Eidsvaag Opal conversion
16:28 STLC and VEB-Leasing to be consolidated into Unified Leasing Company
16:05 Aker Solutions wins maintenance and modifications contract in Brazil from Equinor
15:41 Vard secures contract for eight marine robotic vessels
15:17 RF Transport Ministry confirms its intention to introduce investment charges in seaports from 2021
14:53 Hydrographic boat of Project 19920 joins RF Navy’s Northern Fleet
14:31 Concordia Maritime CFO resigns from his position
14:09 Friendship 2020 joint exercise of the Egyptian Navy and the Russian Navy Bridge ends at the Black Sea Fleet
13:25 Ningbo Containerized Freight index rises by 19.8% in November 2020
12:34 Average spot market price for Russian M100 product climbed to RUB 13,184 pmt
12:12 The UK could increase its ambitions for renewable energy at a lower cost to consumers, new Wärtsilä analysis finds
12:02 Chinese ports container throughput down 0.03% to 217.2 million TEU from January to October 2020
11:53 Global Ports and TransContainer launch expedited delivery of pellets from Siberia to Europe via Saint Petersburg
11:11 Brodosplit lays keels for two coastal patrol vessels
10:19 HELCOM revamps its tool for tracking implementation progress
10:12 MacGregor supports China’s Lingshui 17-2 gas field development
09:57 MABUX: Bunker Market this morning, Nov 23
09:41 Container throughput of port Shanghai (China) in 10M’20 fell by 1.7%
09:25 Oil prices rise on hope for demand recovery
09:12 Baltic Dry Index as of November 20

2020 November 22

16:23 Ørsted and NABTU sign landmark MOU for U.S. offshore wind workforce transition
15:18 Port Canaveral cruise terminal parking to feature E-PASS® contactless transaction technology
14:21 USCG Cutter Stratton returns home after crewmembers test positive for COVID
13:26 New Wallenius SOL service delivers 200,000 extra tonnes of paper reels to PSA Zeebrugge terminal
12:18 Port NOLA's Brandy D. Christian receives 2020 C. Alvin Bertel Award
11:41 BPA announces the release of UK Ports industry magazine
10:42 Coast Guard Cutter Diligence returns to homeport from Caribbean patrol

2020 November 21

16:12 Impact assessment agency of Canada interim report an incomplete analysis omitting a number of important facts
15:49 Cummins introduces X15 Stage V solution for European inland waterways
15:18 Belfast Harbour supports launch of Maritime Belfast Trust
14:07 Remote repair helmet overcomes pandemic restrictions
13:39 Armstrong Marine USA of Port Angeles, Wa. launches new identity as BRIX MARINE
12:24 Mackay provides electronics package for two Vigor-built pilot boats commissioned by Los Angeles Pilot Service
11:38 Third quarter 2020 business activity strong CMA CGM Group operating performance

2020 November 20

18:00 CMA CGM to launch the FLAMINGO EXPRESS service
17:49 Senior Arctic Officials’ plenary meeting held in a virtual format
17:05 Australia to end crew contract extensions
16:52 Port of Algeciras was awarded the ESPO Award 2020
16:33 FSUE "Rosmorport" takes part in International Forum "Transport of Russia"