• 2020 March 2 10:25

    Mabux Digets: Top events on global bunker market: Week 09

    The Bunker Digest 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) turned into steep downward trend in the period of Feb.24-28: the impact of the coronavirus on the bunker and shipping industry is continuing to increase in scope, and the ripple effects are continuing to show up.

    380 HSFO 360.82 → 344.29 USD/MT (minus USD 16.53)
    VLSFO       530.00 → 476.00 USD/MT (minus USD 54.00)
    MGO          590.75 → 552.21 USD/MT (minus USD 38.54)



    • BIMCO has announced it is co-sponsoring a proposal originally drafted by Japan to regulate the carbon intensity of existing ships. Under the proposals, existing vessels will have to comply with an Energy Efficiency Existing Ship Index (EEXI) limit. The proposal has been submitted to the intersessional working group on Green House Gas reductions, which will meet ahead of the Marine Environment Protection Committee (MEPC) in March.

    • The number of LNG bunkering operations carried out in Spanish ports in 2019 more than tripled to 195, compared to 60 in 2018. The growth in terms of fuel volumes has been even greater. Collectively, last year's 195 bunkering operations accounted for 81,704 cubic metres (cbm) of LNG, whereas the 60 deliveries in 2018 resulted in a total of 4,504 cbm being supply.

    • The merger was announced between KPI Bridge Oil and Glencore subsidiary, OceanConnect Marine. The new operation, to be branded KPI OceanConnect, will have a 170-strong team operating across 15 locations globally.

    • A draft proposal has been issued to Beijing from China Shipowners’ Association (CSOA) requesting a temporary 12-months reprieve from IMO 2020 sulphur content restrictions following the financial and logistical challenges faced from the coronavirus outbreak. If the suspension is granted, it is unclear whether this would apply to non-Chinese entities.

    • NGOs and Indigenous groups cautiously acknowledged progress by the International Maritime Organization (IMO) and its Member States in agreeing on a draft regulation on heavy fuel oil (HFO) use and carriage in the Arctic, but denounced the inclusion of loopholes in the text that mean the ban will not come into effect until 2029, leaving the Arctic exposed to the growing threat of HFO spills for close to another decade.

    • Danish shipping group A.P. Moller-Maersk plans to raise the proportion of high sulphur fuel oil it consumes from 10% to 25% by the year-end. The world’s largest container shipping firm consumed a total of around 11.80 million tonnes of shipping fuel last year.

    • Foreship has reported an increase in enquires about fitting exhaust gas cleaning systems. It indicated that 3,756 vessels have exhaust gas scrubbers either installed or on order. As per report, by the end of 2020, up to 15%t of ocean-going freight capacity will employ the machinery, with the number now expected to rise to 20 per cent by 2025.

    • BIMCO, ICS, Intercargo and Intertanko have launched an online survey with the aim to get a greater understanding of the quality of the new fuel oils and possible safety implications of the IMO 2020 sulphur regulation, and encourage shipowners to participate. Participants are encouraged to provide short answers to 13 questions about their experiences with fuel oil quality since the change to 0.50% sulphur compliant fuel oils.

    • Japan-based shipping giant NYK has presented its concept for using ammonia as a marine fuel. As per NYK, ammonia does not emit carbon dioxide (CO2) when it is heated and would thus be expected to contribute to the effort to address global warming. In addition, if CO2-free hydrogen is used, zero emissions are said to be achieved.

    • The IMO’s Sub-Committee on Pollution Prevention and Response (PPR) produced the decision to recommend a ban on ships’ burning heavy fuel oil in the Arctic as well as important agreements on guidelines for fuel oil sampling and scrubbers. The draft amendments will be submitted to the 76th meeting of the Marine Environment Protection Committee (MEPC 76), which will take place on 19-23 October.

    • Standard Club has reported that its correspondents in France, Portugal, Spain and Gibraltar have indicated that restrictions on the use of open-loop scrubbers are now in place in their countries. In addition to these four European states, the list of countries with restrictions on the discharge of wash-water from open-loop scrubbers now includes Singapore, Malaysia, China, Pakistan, the United Arab Emirates, Bahrain, Egypt, Estonia, Latvia, Lithuania, Germany, Belgium, Norway, Ireland, Bermuda and Panama. Restrictions are also in place in the US states of Connecticut, California and Hawaii.

    • The Singapore-based shipping company Unix Line pleaded guilty in a US Federal Court to violating the Act to Prevent Pollution from Ships and will be sentenced on 20 March. The Company acknowledged that crew members onboard the 16,408 GT tanker, Zao Galaxy, failed to record the discharge of oily bilge water without the use of required pollution-prevention equipment during the vessel’s voyage from the Philippines to Richmond, California.

    • Oil product inventories at Fujairah - the UAE bunkering hub - climbed 13% week on week to reach 25.98 million barrels – surpassing the previous record of 25.75 million barrels registered on 29 April last year.

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2024 March 28

18:05 Jan De Nul, ENGIE and Equans launch a pilot project centred around the use of Vanadium Redox Flow batteries
17:35 Latvian port equipment manufacturer Bleste introduces new bulk handling ‘bucket’
17:05 Investors upgrade Navios Maritime Partners
16:25 DEME reports 22% increase in the orderbook and a record-high turnover of 3.3 billion euros in 2023
16:14 MABUX: Bunker Outlook, Week 13, 2024
15:41 AD Ports Group announced the opening of Saadiyat Marina & Ferry Terminal and Rabdan Marina
15:11 Sydney invests $11.5 million in two new operational vessels designed by Incat Crowther
14:55 China’s Jinzhao wins Peru $405m port construction contract
14:13 APM Terminals Moín handled six million TEU
13:48 ClassNK grants Innovation Endorsements for Products & Solutions to two innovative initiatives by MOL
13:37 Konecranes launches its flagship Konecranes X-series industrial crane
12:53 United European Car Carriers UECC spearheads collaboration with industry leaders to advance CNSL as a sustainable marine fuel
12:26 Ocean Network Express announces Transpacific service
11:48 Yang Ming announces 2025 Trans-Pacific service network
11:24 Fincantieri signs contract for the supply of two PPAs to Indonesia
10:42 Maersk transported more than 660,000 TEU using clean fuel in 2023
10:23 Documentation delays push industry costs to $3bn
09:48 PONANT and FARWIND Energy partner to develop green hydrogen refueling solutions

2024 March 27

18:22 Bureau Veritas awards world’s first prototype certification for SolarDuck’s floating offshore solar solution
17:58 The recently converted Allseas's shallow water pipelay barge starts preparations for its first commercial project
17:38 The Port of Rotterdam calls on the European Commission and Parliament to focus on actively promoting green energy
15:23 SEFE to become sole shareholder of WIGA
14:53 Ocean Installer secures yet another SLM contract with Equinor
14:23 Cadeler signs offshore wind turbine installation contract for the vessel Wind Scylla
13:42 Carnival Cruise Line orders 5th Excel-class cruise ship
13:11 Maersk and MSC overcharging cargo owners for EU ETS, says T&E
12:52 The Port Authority of Valencia launches the ZAL project in the Port of Valencia
12:11 Clarkson Port Services and Peak Group collaborate to deliver Port Agency services across the North Sea
11:42 Wan Hai Lines holds ship naming ceremony for new vessels
11:24 Consolidated shipping lines EBIT loss was $1.44 billion in Q4 2023: Sea-Intelligence
10:49 Seaspan Shipyards receives long-term contracts for the pre-construction work of the the Canadian Coast Guard's first six multi-mission vessels
10:14 Woodside completes sale of 10% scarborough interest

2024 March 26

18:02 COSCO Shipping Lines introduces new Americas service
17:30 Davie awarded first contract for design of icebreaker fleet under Canada’s National Shipbuilding Strategy
17:04 Sanctions complicate Arctic LNG ship sales, Hanwha Ocean says - Bloomberg
16:57 Terntank places an order for 1+1 additional wind/ methanol-ready hybrid tanker
16:28 BW LNG completes acquisition of two TFDE vessels from Stena Bulk
15:50 Hanwha Ocean develops VR-based special vehicle simulator
15:20 TotalEnergies and SINOPEC join forces to produce sustainable jet fuel at a SINOPEC's refinery
14:52 Wärtsilä Lifecycle Agreement to guarantee operational reliability of new wind farm installation vessel
14:23 Hudong-Zhonghua launches two LNG carriers
13:51 Cargo ship hits Baltimore’s Key Bridge
13:12 Final sanctioned tanker with Russian Sokol oil to reach China port - Reuters
12:42 Adani Ports acquires 95% of Odisha's Gopalpur Port from SP Group for $162 million
12:21 IHI and Yara Clean Ammonia agree to jointly assess clean ammonia business collaboration
11:41 Yara Clean Ammonia and Azane granted safety permit to build world's first low emission ammonia bunkering terminal
11:16 Wartsila and Royal Caribbean Group celebrate 15 years of collaboration on digital transformation
10:46 A global carbon tax on shipping is coming, says ABS Chairman and CEO
10:21 Eni, Fincantieri and RINA establish partnership for maritime transport decarbonization

2024 March 25

18:07 The Maritime and Port Authority of Singapore continues to investigate reports of oil spills off the port of Tuas
17:31 “K” Line, NIPPON HAKUYO and OPT Gate sign an agreement for a new fire detection system for car carriers
17:07 Greek merchant fleet recorded slight decline in January 2024
16:47 Hanwha Ocean Plans to develop green technology and naval ships
16:25 U-Ming Singapore and ITOCHU sign milestone MoU for the joint development of ammonia dual-fuel and de-carbonized vessels
15:34 Svitzer targets methanol-fuelled MAN 175DF-M engine for tug application
15:04 Wallenius Wilhelmsen signs contracts for four 9,300 CEU vessels with China Merchants Jinling Shipyard
14:40 Taiwan International Port to upgrade terminal facility at Kaohsiung
13:59 Сruise ship Carnival Freedom catches fire near Bahamas
12:59 Hanwha Ocean wins 2.4 tln-won order for 8 LNG ships
11:16 Inland Ports meet in Paris to talk about the innovation potential of inland ports
10:50 IMO agrees possible outline for maritime “net-zero framework”
10:24 Hapag-Lloyd to continue to avoid the Red Sea route
09:58 QatarEnergy enters time charter agreements with Nakilat for the operation of 25 LNG vessels

2024 March 24

16:18 Inchgreen Marine Park upgraded as part of £11m investment
15:14 A ribbon-cutting ceremony for Solent Rail Terminal Rail was held at the Port of Southampton
14:08 ESNA and Strategic Marine join forces to offer Surface Effect Ship (“SES”) Crew Transfer Vessels (“CTV”) to the market
13:07 First LNG powered vessel calls at HIP
12:49 Inter-array cable installation completed at Neart na Gaoithe offshore wind farm
11:32 Equinor ASA posts net income at USD 11.9 billion in 2023
09:25 Edda Wind announces the sale of Edda Passat