• 2020 April 6 16:08

    MABUX Digest: Top events on global bunker market: Week 14

    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) demonstrated irregular trend while 380 HSFO gained one dollar globally but VLSFO and MGO continued sliding evolution in the period of Mar 30 - Apr 03:

    380 HSFO 248.96 → 249.98 USD/MT (plus 1.02 USD)
    VLSFO       314.00 → 305.00 USD/MT (minus 9.00 USD)
    MGO          404.57 → 392.73 USD/MT (minus 11.84 USD)


    • Nigeria has imposed new restrictions on cargo ships entered the country’s ports as part of its efforts to restrict the spread of the coronavirus outbreak. Nigeria is not the first to introduce restrictions on cargo ship movements in response to the coronavirus. On 18 March Australia’s Maritime Safety Queensland (MSQ) issued a direction which bans ships from entering a Queensland pilotage area if they, or any persons onboard, have travelled to or transited through a country outside Australia within the previous14 days.

    • Bunker suppliers in India have seen marine fuel enquiries drop sharply in recent weeks, and the trend is likely to continue, with some pointing to a minimum 10%-15% year on year fall for 2020 in bunker fuel demand as trade slows during this lockdown.

    • Very low sulfur fuel oil (VLSFO) production in South Korea is set to rise from this month after oil producer SK Energy completed an upgrade at its Ulsan refinery. The company started commercial production from the new vacuum residue desulfurisation unit at the Ulsan plant on March 14. The new unit adds 40,000 b/d of desulfurisation capacity to the Ulsan site.

    • Liquid Wind has announced that it is leading a consortium of companies supporting the Power-to-Fuel project which is looking to produce carbon neutral fuel from captured carbon dioxide (CCU) and renewable green hydrogen. The other members of the consortium include Axpo, COWI, Carbon Clean Solutions, Haldor Topsoe, Nel Hydrogen and Siemens and the project is supported by a €1.7M investment from EIT InnoEnergy.

    • China’s State Council will grant export quotas for refined oil products to non-state refineries in the Zhejiang free trade zone, and will also study raising export rebates for very low sulphur fuel oil (VLSFO) and allowing companies to carry out bonded oil blending within the free trade zone.

    • Singapore 0.5% marine fuel suppliers and traders have been looking to secure finished grade end-user product due to a lack of available tank space for blending components to make IMO-complaint marine fuel as falling demand leads to a build in inventories. Singapore’s heavy distillate inventory levels averaged 4 million mt in the four weeks ended March 26, up from 3.66 million mt in February and 3.51 million mt in January.

    • Vitol Marine Fuels Pte Ltd, a subsidiary of the Vitol Group, has acquired 100% of Singapore-based Sinanju Tankers Holdings; the business has been rebranded as Vitol Bunkers (S) Pte Ltd, which will carry out all deliveries from 1 April.

    • BIMCO, the International Chamber of Shipping (ICS) and other industry partners have presented the International Maritime Organization (IMO) with a list of recommendations for governments and relevant national authorities on the facilitation of maritime trade during the COVID-19 pandemic. The recommendations, now issued to all IMO member states via an IMO Circular Letter, address: access to berths in ports, measures to facilitate crew changes in ports, measures to facilitate port operations, and measures to ensure health protection in ports, among other issues.

    • Shipping organisations, supported by government and military organisations, have produced a new, free-to-download maritime security guide for ships operating off the coast of West Africa. The publication – entitled Best Management Practices to Enhance Maritime Security for Vessels & Mariners Operating Off the Coast of West Africa – is available to download at www.maritimeglobalsecurity.org, and printed copies of the publication will be available later in the year.

    • Fluxys has reported a ‘record quarter’ for LNG turnover at its Zeebrugge terminal, with 72 ship operations conducted over the three-month period. In a statement posted on its website yesterday (31 March), Fluxys said that this total broke down into 15 ships in January, 27 in February and 30 in March.

    • Bunkering operations at the Sri Lankan port of Hambantota are now set to begin. The first oil tanker called at the port to discharge fuel and bunkering services officially started on April, 2). The port has low sulphur fuel.

    • CMA CGM has announced that, ‘taking into consideration the current price of VLSFO’, the Low Sulphur Surcharge (LSS20) which it introduced on 1 December will not be applicable from 1 May. However, the shipowner added the surcharge ‘may come back later as per our formula’.

    • The British Ports Association (BPA) has launched an information hub for UK ports dealing with the coronavirus outbreak. In a statement the BPA said that the intention is to signpost the information that is coming from the government and numerous agencies ‘in one place in a clear and concise manner’ so ports are not overwhelmed by the tide of daily updates.

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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
17:02 THE Alliance announces COVID-19 response measures for July, August and September 2020
16:35 Russian Railways CEO says railway link with Murmansk to be restored by June 23
16:11 Transport route to link Quy Nhon Port with Northeast Asia
15:49 Rosatomflot completed escorting Vladimir Voronin gas carrier along the Northern Sea Route
15:33 Fincantieri and ENI extend an agreement in the field of circular economy and decarbonisation