• 2020 March 30 11:12

    MABUX Digest: Top events on global bunker market. Week 13

    The weekly 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 firm downward trend in the period of Mar.23-27, however, the pace of decline slowed down:

    380 HSFO 258.85 → 253.35 USD/MT (minus 5.50 USD)
    VLSFO       330.00 → 316.00 USD/MT (minus 14.00 USD)
    MGO         419.19 → 406.96 USD/MT (minus 12.23 USD)

    • Drawing on a range of information sources, the BIMCO website provides a detailed run-down of the operative practicalities of individual ports, regions, states and countries. As the Coronavirus pandemic (COVID-19) continues to spread across different parts of the world, BIMCO has announced that it is opening the port information section on its website in order to assist the industry.

    According to Rystad Energy,  the largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April. The consultancy firm estimated this will create an imbalance of around 10 million barrels a day (b/d) – which will put a severe strain on the system because global storage infrastructure is already in trouble and will be unable to take more crude and products in just a few months.

    • New statistics published by the Panama Canal Authority (AMP) showed a monthly fall in bunker volumes from January to February – a usual trend at the Canal for this period of the year, with the month-on-month decline in 2020 less pronounced than in recent years. Bunker volumes at the waterway were 436,066 metric tonnes in February, compared with 477,339 mt sold in January this year. The Pacific Side of the Canal accounted for the majority of the volume, totalling 348,757 mt in February. By comparison, 438,681 mt of marine fuel were sold in January 2019 and 367,875 mt in February last year.

    • Curacao’s state-owned Refineria di Korsou (RdK) has taken control of an oil storage terminal on the island of Bonaire over a payment dispute with Petroleos de Venezuela SA (PDVSA). Curacao will seek Dutch court approvals to sell Bonaire Petroleum Corp (BOPEC), which is owned by PDVSA, and its 10-million barrel storage terminal if no payments are received.

    • Scrubber advocacy coalition, Clean Shipping Alliance 2020 said, media reports concerning the narrowing of fuel prices should not be a deterrent to the wider take-up of marine exhaust gas cleaning systems (EGCS) as the technology remains the optimal, most effective means of meeting MARPOL Annex VI requirements. As per statement, the use of scrubbers also ‘avoids the uncertainty surrounding the quality and availability of very low sulphur fuel oil (VLSFO).

    • Singapore-based shipping company Unix Line PTE has been sentenced to pay a fine of $1.65 million, placed on probation for a period of four years, and ordered to implement a comprehensive Environmental Compliance Plan as a result of violating the US Act to Prevent Pollution from Ships.

    • The Kairos LNG bunker vessel, operated by Nauticor, has refuelled Deme’s offshore installation vessel Orion for the second time at the Port of Rostock. The Orion is the fifth dual fuel vessel to join DEME’s fleet, following the three trailing suction hopper dredgers, Minerva, Scheldt River and Bonny River, and the cable laying ship, Living Stone.

    • OxGas, a company owned by the Port of Oxelösund in Sweden, has commissioned MAN Energy Solutions to develop a multi-functional terminal for liquefied methane-based fuels at the port, which will include facilities for bunkering LNG and other methane-based fuels. The terminal will be designed to feed both LNG and green methane derived from biogas to SSAB ’s steel production facility in Oxelösund, and to re-distribute it via train and truck to other parts of Sweden.

    • Wärtsilä Marine begins combustion trials using ammonia. The new tests are intended to help the technology company prepare for the use of ammonia as a fuel that can cut greenhouse gas emissions in the shipping and energy sectors.

    • In the light of the coronavirus pandemic, Wallenius Wilhelmsen has announced it is suspending operations at several land-based processing centres, starting temporary layoffs for about 2,500 production workers in the US and Mexico. The temporary layoffs now started amount to a little more than half of the company's production workforce across the US and Mexico.

    • Port restrictions prohibiting vessel boarding have been put in place at some locations, but for the most part, survey operations, including bunker quantity surveys, are continuing reasonably well. The Standard Club issued a circular on the situation in some UAE ports, which noted that at present no surveyors are being allowed to board vessels in Jebel Ali and Abu Dhabi ports.  Sharjah and Ras Al Khaimah have not yet restricted surveyors' attendance.

    • Standard Club is advising its members with ships fitted with scrubbers not to discharge their wash-water when in Turkish waters, as there are concerns that the environmental authorities in Turkey may fine the ship if the samples  collected from the overboard discharge line is suspected to be a pollutant.

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2020 June 6

15:31 USCG, President Eisenhower rescue mariner 500 miles offshore
14:08 First contract for subsea innovation from Kongsberg
12:37 Eidesvik secures extention of time charter for PSV Viking Lady
11:47 Wärtsilä’s Data-Driven Dynamic Maintenance Planning solution optimises engine maintenance
10:52 CMA CGM announces first quarter 2020 results

2020 June 5

18:21 Mezhregiontruboprovodstroy appointed as sole contractor for construction of Utrenny terminal
18:05 CMA CGM announces FAK rates from Europe to Indian Ocean Islands
17:35 Teesport welcomes largest containership
17:05 EUROGATE Intermodal appoints Christopher Beplat as a new managing director
16:50 Russian Railways: Loading of export cargo bound for domestic ports up 6.4% in May 2020
16:35 DNV GL performs over twenty remote wind turbine inspections globally in times of COVID-19 related-travel restrictions
16:05 Gasum performs first LNG bunkering to Heerema’s Sleipnir
15:28 Acquisition and recapitalisation of Royal IHC finalised
14:18 First of two Austal's 118 metre trimarans for Fred. Olsen completes sea trials in Australia
13:56 Rosmorrechflot announces new competition for construction of Bagayevsky hydrosystem
13:29 Zvezda Shipyard stars cutting steel for yet another Aframax tanker
13:01 Keppel enters into framework deed with Borr Drilling to defer scheduled delivery of rigs
12:01 Port of Rotterdam Authority decides to hold RFT for transport service along Container Exchange Route
11:47 Yevgeny Ditrikh takes helm of STLC Board of Directors
11:04 The second largest container vessels in the world, now has its “Socarrat”
10:41 Oil prices rise within $1
10:28 Marseille Maersk sets up new record for the port of Rotterdam
10:23 Training exercise held with rescuers of RF Navy’s Northern fleet to assist emergency ship in the Arctic
10:00 RF Navy's oceanographic research vessel Admiral Vladimirsky entered the North Sea
09:39 Bunker prices rise at the port of Saint-Petersburg, Russia
09:18 Baltic Dry Index on June 4
08:46 MABUX: Bunker market this morning, June 05

2020 June 4

18:20 Wärtsilä to supply Europe's most modern simulator for inland shipping training
18:02 Dutch innovative app trains 10,000 process industry workers in Singapore during Covid-19 lockdown
17:47 Singapore Maritime and Ports Authority issues guidelines for crew change
17:25 Gasum performs first LNG bunkering to Heerema’s Sleipnir
17:02 China Merchants Group's emergency working group of the prevention and control of COVID-19 holds 20th meeting
16:34 Throughput of port Vysotsk in 5M’2020 fell by 24.2% Y-o-Y
16:02 Diana Shipping announces time charter contract for m/v G. P. Zafirakis with Koch
15:41 NS Power's crew rescues two people in the Andaman Sea
15:23 RS Rules update: hybrid propulsion
15:02 Grimaldi boosts its Italy-Greece connections
14:32 DNV GL and ABB launch new MOU to advance marine digitalization with a remote signing ceremony
14:02 150 trapped eels rescued at the Port of Gothenburg
13:48 Bunker price are stable at the Far East ports of Russia (graph)
13:31 MSC Mediterranean Shipping Company extends the seasonal blanking programme on its Asia–Europe network
13:01 Wärtsilä offers new remote service to overcome Covid-19 travel restrictions
12:31 DEME to build the Scheldt tunnel
12:03 Havyard presents new design concept for zero-emission sightseeing vessels
11:45 Annual throughput of Murmansk Transport Hub to be raised to 100 million tonnes
11:23 Construction of automated gate complex commences at APM Terminals Aarhus
11:10 Port of Zeebrugge joins the International Port Community Systems Association
10:58 Jiangnan Shipyard and Gabadi teams complete construction of the first LNG tank as part of an LNG-fuelled container ship project
10:57 AS Tallink Grupp Statistics for May 2020
10:33 More departures added for Helsinki-Tallinn route vessel Star from 4 June 2020
10:11 Oil prices go down by 1.48%-2.06%
10:00 CMA CGM cancels Low Sulphur Surcharge from July 1st, 2020
09:52 Russia’s leading shipping companies suggest development of ATB services by the USA example
09:40 PIER71 launches Smart Port Challenge 2020 with New Venture Capital Partners for maritime tech start-ups investments
09:36 MABUX: Bunker market this morning, June 04
09:14 Baltic Dry Index on June 3

2020 June 3

18:25 Russia's Main Department of State Expertise approves construction of operational water area under Obskiy LNG project
18:03 Cargotec’s Kalmar and MacGregor to help drive development of connected automated waterborne transport through participation in AEGIS project
17:46 Rosmorport announced tender to reconstruct coastal facilities of Vanino-Kholmsk ferry service
17:24 RF Government approved allocation of RUB 60.5 billion for Russian Railways’ BAM and Transsib projects in 2020