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  • MABUX Digest: Top events on global bunker market. Week 12
  • 2020 March 23 11:21

    MABUX Digest: Top events on global bunker market. Week 12

    The Weekly 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) continued downward trend in the period of March 16-20:

    380 HSFO 277.26 → 262.82 USD/MT (minus 14.44 USD)
    VLSFO       367.00 → 337.00 USD/MT (minus 30.00 USD)
    MGO          451.02 → 426.21 USD/MT (minus 24.81 USD)

    • The Maritime and Port Authority of Singapore (MPA) has extended its precautionary measures against the coronavirus to include restrictions on ships and visitors from Spain, Germany, France and Italy, as well as ending port calls for all cruise vessels. The MPA had already introduced restrictions on ships and visitors from mainland China, Iran, South Korea and parts of northern Italy (the measures now apply to the whole of the country).

    • GP Global launches supply operation at Jebel Ali. The new operation, which is supported by two wholly-owned barges, complements the company’s marine fuel offering at the Port of Fujairah. The two barges, each with a capacity of 4,800 metric tonnes (mt) of fuel oil and 1,000 mt of gasoil, will be used to deliver MARPOL and ISO-compliant distillate marine fuel, including high quality marine gasoil (MGO) grades such as DMA and DM,B as well as residual fuels including RMG and RME grades.

    • Sinopec refinery has delivered its first cargo of very low sulphur fuel oil (VLSFO). The 1,600-tonne cargo was delivered by pipeline to a storage tank at Sinopec Fuel Oil Sales Co. in Guangzhou.

    • The International Bunker Industry Association (IBIA) has issued advice on how to mitigate the risk of COVID-19 infection during bunkering operations. In a statement issued on 16 March, IBIA said: ‘The key issues for any personnel involved in a bunker delivery – barge crew, ship crew, surveyors or agents – are to minimize touching surfaces which may be contaminated. The virus is unlikely to persist on bunker hoses, flanges, valve wheels etc. and in any case, gloves should always be worn in these circumstances.

    • Around 30% of very low sulphur fuel oil (VLSFO) samples tested by Bureau Veritas VeriFuel in January had a sulphur content of 0.49%-0.50%, indicating that, as anticipated, many fuel suppliers are blending as close as possible to the IMO 2020 sulphur limit. Around 4% of VLSFOs tested by VeriFuel in January were found to be off-spec and four out of every 100 samples had a sulphur content of between 0.51-0.53%. In addition to sulphur, total sediment potential (TSP) and the presence of water were the principal reasons for fuels to be off-spec.

    • Alfa Laval is looking to achieve cost savings of more than SEK 1 billion through measures such as cutting employee working hours, ‘aggressively’ reducing travel costs, and shaving 10% off group management salaries. Announcing its cost reduction programme on March 17, Alfa Laval said that Q1 2020 invoicing and order intake had been in line with expectations, but the depressed outlook for the coming quarters meant that action must be taken.

    • Commodity trader Glencore is chartering Euronav’s ultra large crude carrier (ULCC) Europe to provide floating storage for crude oil stocks. Europe is one of two ULCCs owned by Euronav. The company has been using its other ULCC, Oceania, to store IMO 2020 compliant low sulphur fuel (LSFO).

    • While acknowledging that the full impact of the coronavirus pandemic is very difficult to quantify, BIMCO says it has updated its 2020 forecast ‘to make some of this massive uncertainty tangible'. The shipowners’ association has issued the reassessment of the outlook for the main shipping sectors: tanker shipping, dry bulk shipping and container shipping.

    • The Panama Canal Authority (ACP) has announced that, effective from 17 April , the maximum authorised draft for vessels transiting the Neopanamax locks will be 13.56 metres (44.5 feet) tropical fresh water (TFW). In a statement posted on its website on Wednesday (18 March), the ACP said: ‘Vessels arriving after 17 April with drafts over 13.56 m TFW may be allowed to transit, depending on the actual level of Gatun Lake at the time of transit. Otherwise, they will be required to trim or off-load cargo in order to transit. ‘Draft adjustments will continue to be announced with at least four weeks advanced notice.’

    • The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action against five UAE-based companies said to have collectively purchased ‘hundreds of thousands of metric tonnes of petroleum products’ from the National Iranian Oil Company (NIOC) in 2019. According to OFAC, at least three of the now-blacklisted companies falsified documents to conceal the Iranian origin of these shipments.

    • A.P. Møller-Maersk has put its 2020 EBITDA guidance on hold, ‘pending more clarity on the market development and financial implications’ associated with the spread of the Coronavirus, but the company says it has ‘executed well’ on its strategy to cope with higher fuel bills resulting from IMO 2020.

    Marine Bunker Exchange (MABUX) AB ©
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2021 October 25

12:15 Port of Hamburg honoured as ‘Best Seaport – Europe’
11:35 LR granted AiP to Samsung Heavy Industries for liquefied hydrogen carrier
11:12 Rosmorport updates Port of Ust-Luga data in the Register of Russia’s seaports
10:17 MABUX: Bunker prices may demonstrate upward changes on Oct 25
09:38 Russian Gov’t gives green light to imposing some port services tariffs in foreign currency
09:21 Baltic Dry Index as of Oct 22
09:17 Oil prices rise as crude stocks decline

2021 October 24

15:18 Carnival Cruise Line christens Mardi Gras
14:31 TenneT's Hollandse Kust (noord) jacket ready to set sail
13:48 Jonathan Lord MP visits Petrofac to discuss hydrogen technology in woking
13:24 CDWE signs ECA for the provision of pin piles with EEW for Hailong project
12:51 Prosafe SE: Prosafe awarded 2022 contract by TotalEnergies
12:31 FMD names Robert Starr Chief Financial Officer
11:08 Holland America Line's Rotterdam is on maiden voyage from Amsterdam to Florida for inaugural Caribbean season

2021 October 23

14:32 Viking begins sailing from Port Everglades for 2021-2022 winter season
13:12 Maritime NZ launches latest No Excuses on-water boating safety campaign
12:41 Governor Ron DeSantis: Florida’s seaports are open and ready to meet holiday demands
11:34 Ecochlor appoints Andrew Marshall as CEO
10:49 USCG interdicts 3 lanchas illegally fishing US waters

2021 October 22

18:01 RS provides the designers with a tool for automated check of hull structures
17:40 IADC supports 5th International Congress “Hydraulic Engineering Structures and Dredging” as its Partner
17:15 EXMAR and LATTICE announce joint development of CO2 carrier
16:27 Cargo traffic within Azov-Don Basin of Russia’s IWWs fell by 12% in 10M’21
16:04 COSCO SHIPPING Ports and Silk Road Fund agree to establish cooperative strategic relationship
15:12 Port of Salalah partners with Maersk to launch a new end-to-end logistics service to Yemen through the Al-Mazyunah free zone
14:58 Marine Recruiting Agency trained 38% more people in 9M'2021
14:22 North Sea Port makes up for pandemic losses step by step in the first nine months of 2021
13:22 Bollinger Shipyards delivers 46th fast response cutter ahead of schedule despite direct hit from hurricane Ida
12:32 Port of Los Angeles reduces net air pollution during pandemic year
12:28 Navigation season officially closed in Lena Basin of RF IWW
12:01 GTT is selected by Samsung Heavy Industries to design the fuel tanks for six new LNG-fueled mid-size container vessels
11:49 Austal Australia delivers 13th Guardian-class Patrol Boat
11:22 Hyundai Heavy Industries awards no objection letter to Gazpromneft Ocean oils
10:21 Singapore crowned as the “Best Global Seaport” for the first time and won "Best Seaport in Asia" for the 33rd time
10:11 Delegation of MOL shipbuilding company visits Rosmorport’s Murmansk Branch
09:49 MABUX: Bunker prices may demonstrate downward changes on Oct 22
09:27 Crude oil prices decrease following the growth
09:10 Baltic Dry Index as of October 21

2021 October 21

18:26 Mermaid contract awards in Thailand, Angola and Saudi Arabia total 120 million USD
18:02 Non-self-propelled dredgers of Project 4395 laid down in Gorodets for Russian IWW Basin Administrations
17:46 Magseis Fairfield enters strategic collaboration with PGS for the hybrid towed streamer and OBN market
17:31 HELCOM adopts the updated Baltic Sea Action Plan, charting a way forward for a healthy Baltic Sea
17:16 DP World launches CARGOES Logistics
16:30 Proman and Stena jointly develop methanol as the pathway to sustainable shipping
16:14 APM Terminals and ZPMC enter into strategic alliance
15:33 MPC Container Ships ASA secures new financing facility, agrees on sale of six vessels and provides update on charter fixtures
15:32 Okskaya Shipyard lays down lead ship of Project RSD71 for Volga Shipping Company
15:03 NYK and Japan Marine Science to introduce and promote new mooring system to Japan ports together with Trelleborg Marine Systems
14:45 MABUX: Bunker Weekly Outlook, Week 42, 2021
14:03 NYK delivers new LNG carrier LNG Endeavour to TotalEnergies
13:49 Global Ports Investments published its Q3 and 9m 2021 operational results
13:28 Seaspan Ferries to reduce greenhouse gas emissions through using carbon-neutral Renewable Natural Gas in LNG-powered vessels
13:18 Consolidated cargo turnover of NCSP Group for 8M 2021, year-over-year
12:34 Dmitry Pankov appointed as new CEO of Management Company Delo
12:11 Port of Los Angeles cargo volume exceeds 903,000 TEUs in September 2021
11:53 Hydrographic Company installs first buoys with AIS receivers on the Northern Sea Route
11:32 Challenges and optimism: Mixed views from ports industry on business outlook
11:09 DP World is officially named Port Operator of the Year at 2021 Multimodal Award
10:39 Yara Marine’s FuelOpt offers IMO EEXI compliant Shaft Power Limitation solution
10:08 The Ocean Cleanup starts removal of plastic from Great Pacific Garbage Patch with System 002