• 2020 September 17 15:18

    MABUX releases Bunker Weekly Overview

    The Bunker Weekly Overview was contributed by Marine Bunker Exchange (MABUX)

    The persistent worry that world economies are not recovering from the coronavirus lockdowns robustly enough to absorb a new increase in oil production is still the downward driver on global fuel market. The World Bunker Index MABUX has demonstrated slight upward evolution for a week. The 380 HSFO index rose from 291 to 295 USD/ MT (+4.00 USD), VLSFO added 8.00 USD globally: from 332 to 340 USD / MT while MGO gained only 0.25 USD: 410 USD / MT. There are no any significant changes in the Global Scrubber Spread (SS) (price difference between 380 HSFOs and VLSFOs) as well: it has narrowed by 1.42 USD and averaged USD 43.31 (44.73 USD a week ago).

    Meantime, SS Spread in Rotterdam has fluctuated during the week from 29.00 USD (10.09) up to 38 USD (14-16.09) and down to 33.00 USD today, Sep.17. Average value of SS spread for the week has increased by 1.00 USD from 33.50 USD to 34.50 USD.

    In Singapore SS Spread has changed slightly upward during the week and added 10 USD: from 54 USD to 64 USD. Average weekly SS Spread has gained 4.00 USD: from 54.83 USD to 58.83 USD.

    CE Delft reported, the use of scrubbers results in an increase of CO2 emissions between 1.5% and 3% for a range of representative ships. Another option to comply with limits for the sulphur content of fuel oil - using fuel oil with a sulphur content of 0.50% (VLSFO), respectively 0.10% or less (ULSFO) - leads to an improvement of the fuel quality in terms of aromatics content and viscosity. The increase of emissions associated with desulphurisation in a refinery are higher than 1% and in many cases multiple times higher, depending on the quality improvement of the fuel, the refinery layout and the crude used. As per CE Delft, in many cases, the carbon footprint of using a scrubber is lower than low-sulphur fuels.

    The European Parliament on Sep.15-16 voted in favour of including greenhouse gas emissions from the maritime sector in the European Union’s carbon market from 2022. This would force shipowners to buy EU carbon permits to cover these emissions. The plan is to expand the scheme to include emissions from voyages within Europe, as well as international trips which start or finish in an EU port, through a package of market reforms the EU Commission will propose by June 2021. It is expected that the expansion of the scheme may take until 2023 to implement. That would coincide with a deadline for the UN shipping agency (IMO) to publish a plan on global emissions-cutting efforts for the sector.




2020 October 26

16:10 Average spot market price for Russian M100 product rose to RUB 12,430 pmt
15:46 Royal IHC and Suez Canal Authority successfully launch CSD HUSSEIN TANTAWY
15:34 EPS secures 15-year TC from STL for four dual fuel VLECs
14:52 RF Prime Minister approves list of checkpoints that can be crossed by foreigners with e-visas
14:31 Ocean Network Express to launch new intra Asia service
14:03 Port of Helsinki passenger traffic down 53.9% to 4.1 million in Jan-Sept 2020
13:06 Passenger turnover in Russian ports plunged by 73.9% in 9M’2020
12:59 ICS welcomes legally binding agreement to significantly improve the carbon efficiency of shipping
12:37 Delo Group and Russian Railways signed Agreement on cooperation in organization of rail container transportation
11:59 Stena Bulk branded class for tanker personnel opened at Admiral Makarov SUMIS
11:58 The Ocean Cleanup introduces first product made with ocean plastic pollution
11:30 NIBULON ranks first among Ukrainian shipyards
10:31 EMA and Keppel jointly awarded a research grant to pilot Singapore’s first floating Energy Storage System
10:15 Admiralteiskie Verfi shipyard delivered diesel-electric submarine Volkhov to RF Navy
09:50 MABUX: Bunker Market this morning, Oct 26
09:26 Oil market starts week with decreasing prices
09:09 Baltic Dry Index as of October 23

2020 October 25

15:27 USCG: Oil spill cleanup of Delaware Bay coastline continues
14:53 Richmond Council to host first public meeting with Hammersmith Bridge Taskforce
14:38 Deep water berth extension at Port of Halifax fully operational
13:27 Gothenburg Port Authority's Elvir Dzanic named as a member of Electrification Commission
12:43 Maritime NZ welcomes report to MPI
12:18 Oil spill response equipment and vessel rates in Singapore
11:04 GPA holds first virtual State of the Port

2020 October 24

15:47 Ocean transport of the first lot of railway coach to Myanmar completed
14:51 OOCL announces services changes and enhancements on Asia-Europe trade
13:28 Port Authority launches new campaign against litter
12:41 Hapag-Lloyd announces Ocean Tariff rates on East Asia - NEC and Mediterranean trade
11:06 CSD Hussein Tantawy successfully launched at IHC's shipyard in The Netherlands

2020 October 23

18:09 Baltic Data Flows: New HELCOM project seeks to harmonize and harvest environmental data at a pan-Baltic level
17:47 ICS welcomes legally binding agreement to significantly improve carbon efficiency of shipping
17:10 Anti-submarine ship Vice-Admiral Kulakov completes its business call to Greece
16:32 Bollinger Shipyards delivers 41ST fast response cutter to the U.S. Coast Guard
16:05 APM Terminals Poti signs a contract with Poti New Terminals Corporation for the development of dry bulk facility in the Poti Sea Port
15:31 HySHIP project clinches EUR 8M funding award
15:13 Krasnoye Sormovo shipyard launches dry cargo carrier Alfa Mercury
14:50 Self-propelled crane built for RF Navy’s Pacific Fleet arrived in Vladivostok having passed the Northern Sea Route
14:25 Equinor changes chief financial officer
14:06 Membrane technologies of GTT is an optimal solution for gas carriers, LNG bunkering and storage
13:23 MarineMax participates in the Fort Lauderdale International Boat Show
13:05 Wärtsilä selected to power new ‘super ferries’ series for P&O Ferries
12:55 An agreement made to explore the possibilities of green hydrogen export from Iceland to Rotterdam
12:04 Tallink Silja AB is forced to issue redundancy notice to Swedish crew members
11:41 Tallink to become the first shipping company to receive Sustainable Travel Finland label
11:09 Austal to further expand Australia support business through acquisition of BSE Maritime Solutions
10:53 NYK to make Gazocean a wholly owned subsidiary
10:19 Bunker market sees slight change of prices in the Port of Saint-Petersburg, Russia (graph)
09:55 National Gas Vehicle Association to propose priority measures for LNG bunkering support
09:33 Oil prices continue decreasing
09:18 Baltic Dry Index as of October 22
08:49 MABUX: Bunker market this morning, Oct 23
08:19 CMA CGM announces GRR from Asia to West Africa

2020 October 22

19:00 “K”Line online training for seafarers obtained DNV GL certification
18:04 Milaha reports QR 384 million in net profit for the nine months of 2020
17:41 Port of Los Angeles receives $9.9 million infrastructure development grant
17:36 Feasibility report on ship repair cluster development in Arkhangelsk Region to be completed in November 2020
17:29 MABUX releases weekly review of bunker market
17:05 Gothenburg Port Authority CEO becomes the member of newly established Electrification Commission
16:44 ABP’s ports in East Anglia keep agricultural products moving
16:14 ONE adds new service from Asia to Indian Subcontinent