• 2020 February 27 09:32

    MABUX: Bunker market this morning, Feb 27

    The Bunker Review was contributed by Marine Bunker Exchange (MABUX)

    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs continued downward changes on Feb. 26:

    380 HSFO: USD/MT 354.63 (-1.88)
    VLSFO: USD/MT 508.00 (-9.00)
    MGO: USD/MT 571.12 (-6.86)

    Meantime, world oil indexes also declined on Feb.26 as the spread of the coronavirus outside China sparked a new wave of fears and oil demand concern.

    Brent for April settlement decreased by $1.52 to $53.43 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for April fell by $1.17 to $48.73 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $4.70 to WTI. Gasoil for March delivery declined by $17.00.

    Today morning oil indexes continue to fall.

    Asia reported hundreds of new coronavirus cases on Wednesday, including the first U.S. soldier to be infected and outbreaks in Italy and Iran spread to other countries. The U.S. Centers for Disease Control and Prevention (CDC) warned Americans on Tuesday to prepare for a likely pandemic. The COVID-19 continue to spread across the world. Brazil reported its first coronavirus case on Wednesday, the first in Latin America, while Germany said it had seven new cases, continuing the rash of infections seen outside of China that have run from Iran to South Korea

    Oil prices have a little support from hopes for deeper output cuts by OPEC and its allies including Russia, a group known as OPEC+. They due to respond to the oil market impact of the coronavirus with possible additional production cuts, and next week’s meeting will decide the future of the coalition’s current 1.7 million b/d supply cut accord, which expires at the end of March. OPEC+ is weighing a recommendation to cut its quotas by another 600,000 b/d, but Russia, the key non-OPEC partner, has yet to commit.  Secretary General Mohammed Barkindo said OPEC is monitoring the spread of the COVID-19 virus ahead of its scheduled March 5-6 meeting as a suspected case of the infection was reported in Vienna near the secretariat. As of now, plans for the meeting have not been changed.

    Kuwait has barred foreign ships, except those carrying oil, from departing to or arriving from several countries to prevent the spread of the coronavirus. The notice, dated Feb. 25, has banned ships from and to South Korea, Italy, Thailand, Singapore, Japan, China, Hong Kong and Iraq. Oil sector ships are excluded from the ban.

    The International Energy Agency's (IEA) outlook for global oil demand growth has fallen to its lowest level in a decade, Executive Director Fatih Birol said on Tuesday, adding it could be reduced further due to the outbreak.

    According to the Energy Information Administration, U.S. crude oil stockpiles rose less, than expected last week - by 452,000 barrels. That compared with expectations for a build of 2 million barrels. Gasoline inventories dropped by 2.7 million barrels, versus forecasts for a decline of about 2.25 million barrels. Distillate stockpiles fell by 2.1 million barrels, compared with expectations for a drawdown of 1.71 million barrels.

    We expect bunker prices may continue downward trend today: 5-7 USD down for IFO, 15-17 USD down for MGO.

2021 April 14

10:20 Korean Register and DSME complete world’s first ship to ship LNG bunkering for gas trial
10:20 Throughput of Port St. Petersburg declined by 2% in 3M’2021
09:49 Zvezda shipyard commences construction of third ARC 7 LNG carrier
09:25 Oil prices rise on decrease of US reserves
09:08 Baltic Dry Index as of April 13
08:01 Navigator Holdings and Ultragas to merge fleets & businesses entity

2021 April 13

18:30 Monjasa reveals record high volumes in a year of great contrasts
18:07 Largest non-containerised cargo operation in the world at APM Terminals Pecém
17:52 USC prepares chemical tanker PortNews for delivery to Volgotrans
17:33 Wan Hai Lines to launch independent CI8 Express Service
16:34 IMO establishes new module on GISIS
15:34 A.P. Moller - Maersk to hasten the pace of its AE19 service from Asia to Europe
15:16 Throughput of port Kavkaz in 3M’2021 rose by 4% Y-o-Y
14:33 VERWATER SJR expands at RDM Rotterdam
14:00 Delo Group and Rosatom transferring port terminals in Novorossiysk to use green wind energy
13:41 Delo Group proposed to include containerization in draft Strategy for Social and Economic Development of Russia until 2030
13:38 The Port of València reduces its carbon footprint by 30%
12:17 Optimarin surfs retrofit wave with orders for over 100 units so far in 2021
12:12 Rhenus takes a majority holding in Arkon Shipping & Projects
11:43 Leading stakeholders presenting at Capital Link’s Decarbonization in Shipping Forum
11:10 CMA CGM announces PSS for cargo from North Europe & the Mediterranean to Australia & New Zealand
10:34 Throughput of Russian seaports in 3M’2021 fell by 4.5% (detalization)
09:47 Throughput of port Riga (Latvia) in 3M’2021 dropped by 15.3%
09:29 Oil prices continue rising
09:11 Baltic Dry Index as of April 12

2021 April 12

18:05 Kongsberg Digital to provide the Panama Canal Authority with simulators for multi-vessel training scenarios
17:46 Delo Group approved strategy development until 2030
17:25 Strategic Marine launches next generation Strat Cat CTV design for offshore wind market
16:53 S&P and Fitch upgrade Sovcomflot rating to ‘BBB-'
16:15 Indian Register of Shipping undertakes successful sea trials for pioneer batch of vessels in India to use biofuel
15:47 ClassNK certifies “Sunflame Smart Support System” as Innovation Endorsement for Products & Solutions
15:32 SC Ports opens state-of-the-art Hugh K. Leatherman Terminal
15:22 KN to pay EUR 5 million as dividends to shareholders
14:57 PortNews welcomes to its stand at TransRussia 2021 in Moscow
14:35 Recruiting for senior positions in the ports industry: the BPA examines how to avoid the pitfalls and perils!
14:14 New eco-friendly rail shuttle – more Swedish forest products through the Port of Gothenburg
13:36 Russian Maritime Register of Shipping takes part in TransRussia 2021
13:13 ABS awarded notation for one of the world’s largest semi-submersible heavy-lift platforms
12:55 Throughput of Russian seaports in 3M’2021 fell by 4.5% Y-o-Y
12:34 NOVATEK reports preliminary operating data for Q1’2021
12:11 Korean Register launches online EEXI/CII calculation program
12:02 Sibanthracite increased volume of mining output in Q1 by 17%
11:36 Vostochnaya Verf shipyard commences mooring trials of crab catching ship Okhotsk
11:05 MSC launches a new solution connecting Asia and Europe
10:13 Singapore to host SMW 2021, April 19-23
09:59 HAFEET Inauguration marks partnership between Emirates Steel and SAFEEN Group in transshipment services
09:45 AS Tallinna Sadam announces it operational volumes for 2021 Q1
09:23 Oil prices are slightly up
09:09 Baltic Dry Index as of April 9

2021 April 11

15:32 Hagland orders environmental friendly newbuilds
14:17 Stena Bulk unveils decarbonisation plan to become net zero emissions business by 2050
13:48 Belships fleet expansion and share issue
12:17 USCG Cutter Kimball returns home from expeditionary patrol in the Pacific
11:38 Meyer Weft's new logistics center starts operation
10:56 Norwegian Coastal Administration: Eemslift Hendrika has been towed to safe harbour

2021 April 10

15:14 NAPA joins Finnish Clean Propulsion Technologies consortium to accelerate development of low-carbon solutions in shipping
14:27 The Valencia Containerised Freight Index (VCFI) increased by 17.48% in March
13:52 A.P. Moller-Maersk helps Amica taking to the rails
12:46 TORM announces capital increase in connection with delivery of vessel
11:03 Jan De Nul halfway through installation of 600MW Kriegers Flak Wind Farm