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  • MABUX Digest: Top events on global bunker market. Week 11
  • 2020 March 16 10:03

    MABUX Digest: Top events on global bunker market. Week 11

    The 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) continued downward trend in the period of March 09-13:

    380 HSFO 309.79 → 288.79 USD/MT (minus 21.00 USD)
    VLSFO       428.00 → 382.00 USD/MT (minus 46.00 USD)
    MGO          509.87 → 467.85 USD/MT (minus 42.02 USD)

    • Standard Club is advising its members that – pending further clarification from the relevant authorities regarding restrictions on wash water discharges – vessels calling at Brazilian ports should switch to a closed-loop, if equipped with a hybrid scrubber, or use IMO 2020-compliant fuel while entering in national waters
    • The International Maritime Organization (IMO) expects that the new 0.50% global sulphur cap will mean a 77% drop in overall SOx emissions from ships and the big shipping associations are ‘cautiously optimistic’ about the industry’s ability to cope with the regulations, according to a statement issued yesterday by BIMCO.
    • With four incidents reported in February, a total of eight incidents have been reported in the Singapore Strait since the start of the year, all in the eastbound lane of the Traffic Separation Scheme (TSS). In its February report on piracy and armed robbery incidents in Asia, the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) noted 10 cases of armed robbery onboard vessels and no piracy incidents.
    • The International Maritime Organization (IMO) has reported that the Somali Shipping Code has been completed. The IMO anticipates that the Code – the culmination of six years’ work, supported by the IMO and the United Nations Assistance Mission in Somalia (UNSOM) – will be a ‘significant step forward’ for Somalia’s maritime sector and will ‘ensure the necessary legal and administrative processes are in place’ to build its capacity.
    • The Nordic Investment Bank (NIB) and Lithuanian LNG and oil terminal operator AB Klaipėdos Nafta have signed a 25-year loan agreement to finance the purchase of a floating storage regasification unit (FSRU) for LNG operations. Currently, the FSRU Independence used for LNG imports to Lithuania is leased on a ten-year arrangement.
    • At an informal meeting in Opatija, Croatia on 11 March, EU Transport Ministers voiced their support of the EC’s Green deal, which includes bringing shipping into an emissions trading scheme, and emphasised that ‘any measure toward carbon neutrality must be flag neutral whilst ensuring a level playing field and avoiding carbon leakage.’
    • The International Maritime Organization (IMO) has announced that its headquarters in London is currently closed to visitors and staff, as a precautionary measure due to the coronavirus. In a notice posted on its website this morning (12 March), the IMO said that this move followed on from yesterday's assessment by the World Health Organization (WHO) that COVID-19 can be characterised as a pandemic.
    • With the commitment of Japan’s Sumitomo Mitsui Trust Bank, signatories to the Poseidon Principles now represent over $150 billion in loans to international shipping – more than 30% of the global shipping finance portfolio. The Poseidon Principles, which were launched in June 2019, require financial institutions to disclose the climate alignment of their shipping portfolios with the International Maritime Organization’s (IMO) target of reducing vessels’ greenhouse gas emissions by at least 50% by 2050, compared to 2018 levels.
    • The first cargo of very low sulphur fuel oil (VLSFO) from Jinxi Petrochemical Corp, a PetroChina refinery, was destined for the Port of Zhoushan in east China.
    • The February bunker sales volumes from the Maritime and Port Authority of Singapore (MPA) were up about 2.6% year-on-year at around 3.88 million metric tonnes (mt). They were down about 14% on 4.51 million mt sold in January – but it is usual for sales to drop in February and 2020 also started with a very strong month, bolstered by the IMO 2020 switch-over.
    • South Korea’s sole producer of high sulfur fuel oil for the domestic bunker market has resorted to seeking export outlets for its output amid an unprecedented drop in demand in recent weeks due to the coronavirus outbreak, market sources said. GS Caltex, the only one of South Korea’s four refiners to produce HSFO to meet domestic bunker demand, has sold an MR-sized HSFO cargo to a Chinese buyer.

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2021 December 8

18:39 A robotic system intended to clean litter from the seafloor has passed its first real-life tests in Croatia
18:10 Arctic LNG 2 signs loan agreements with international banks
17:55 Eagle Bulk Shipping partners with sustainability pioneer GoodFuels to take on first biofuels
17:49 Russian Railways: Loading of export cargo bound for domestic ports grew by 7% in 11M’21
17:26 European shipowners call on Transport ministers to fix enforcement loopholes in FuelEU Maritime
17:06 Sewage from cargo ships may be legally discharged into the Baltic Sea - Gasum
16:42 Nordic Engineering supports Ship Repair, Modernization and Components Conference as its Partner
16:25 Wärtsilä thrusters to provide optimal propulsion performance for new Wind Turbine Installation Vessel
15:43 Zelenodolsk Shipyard named after A.M. Gorky lays down three sea-going tugboats of Project Т3150-ZD
15:14 Crowley announces 2050 net-zero commitment and activates key partnerships
14:55 Results of Atomflot’s summer-autumn navigation season rose from 66 to 111 icebreaker escort operations YoY
14:31 ICTSI continues to invest in Manila flagship
14:22 Parker altair® Neptune filtration system selected to provide reliable operation of Italian and US Navy vessels
13:47 Single-window concept applied at Ust-Luga – Baltiysk ferry line
13:21 Port of Long Beach opens survey on multimillion-dollar community grants
12:56 AS Tallink Grupp published its statistics for November 2021
12:32 Rosatomflot completed operation to escort ships out of the Northern Sea Route area
12:30 "K" Line and Shin Kurushima Dock get joint AIP for the concept design of Ammonia Fueled Car Carrier from ClassNK
12:09 APM Terminals Elizabeth targeting intermodal cargo
11:03 VRT Finland acquires Satamatieto Oy
10:29 ABP opens Vancouver Timber Terminal at the Port of Kings Lynn
10:10 Sea Port of Saint-Petersburg introduced unified digital system of production control
09:59 The Georgia Ports Authority to expedite 1.6M TEUs of on-terminal capacity by June
09:46 MABUX: Bunker prices may continue upward changes on Dec.8
09:28 Baltic Dry Index as of December 7
09:11 Crude oil market sees downward price correction

2021 December 7

18:15 Ernst Russ AG to acquire further shares in a Fleet Holding Company
17:59 Kuzey Star Shipyard holds steel cutting ceremony for Atomflot’s new floating dock
17:36 Stena Line expands and launches new route between Stockholm Norvik and Hanko
17:15 Boskalis consortium secures EUR 24 million research grant to advance emission-free shipping
16:45 New report highlights regional economic importance of Ports of Stockholm
16:33 LAS Admiral Panteleev of RF Navy’s Pacific Fleet started transition to Vladivostok from Indonesia after participation in ARNEX-2021
16:15 Angola starts CLOV Phase 2 project
15:50 Rosneft signed contract with Indian Oil for supplying up to 2 mln tons of crude oil to India
15:45 Strategic Marine wins additional order for new 42m Fast Crew Boat from Centus Marine
15:27 Ships of RF Navy and Egypt Navy start naval phase of Bridge of Friendship 2021 joint exercise
15:03 Wärtsilä partners with Microsoft to strengthen their Edge platform and industrialise Marine IoT
14:41 NOVATEK and RWE sign MOU on decarbonization and LNG
14:23 ABS grants Alfa Laval the marine industry’s first approval in principle for firing boilers with methanol
14:08 Nonius Engineering supports International Congress “Hydraulic Engineering Structures and Dredging” as its Sponsor
13:50 Cox Marine collaborates with clean maritime consortium to demonstrate world-first diesel-hydrogen outboard
13:22 The leading Russian supertrawler for the Russian Fishery Company has successfully inclined
12:36 Throughput of Rostov-on-Don port in 11M’2021 fell by 15%, year-on-year
12:14 Stena Line to open new daily route to Finland
11:49 Russia joins the Nairobi International Convention on the Removal of Wrecks
11:12 Exports of Sibanthracite Group to India in 2021 to total 3.5 million tonnes of coal and anthracite
11:00 Long Beach and Los Angeles keep ‘Container Dwell Fee’ on hold until Dec. 13
10:51 DSV launches Green Logistics to accelerate the green transition of the industry
10:47 Throughput of Taganrog port in 11M’2021 fell by 2% Y-o-Y
10:24 Average spot market price for Russian M100 product fell to RUB 25,252 pmt
10:06 Flag-raising ceremony held on Norvezhskoye More trawler, first serial factory ship of KMT01 design
09:45 MABUX: Global bunker indexes to turn to firm upward trend on Dec. 07
09:28 Baltic Dry Index as of December 3
09:13 Crude oil prices continue rising

2021 December 6

18:37 The Port of Bergen changes the name of the Hurtigruten terminal
18:22 Preliminary results of Volga Basin cargo traffic – 41.39 million tonnes
18:14 Equinor invests in battery storage company
17:55 ENGIE and Masdar form US$5 billion strategic alliance to drive UAE’s green hydrogen economy
17:38 Moody’s upgrades Global Ports’ rating to Ba1 with stable outlook
17:16 Solstad Offshore announces long-term contracts in Brazil