• 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.




2021 August 1

14:43 Siem Offshore secures contract from Seaway 7
13:22 NYK issues first transition bonds in Japan
12:37 Minerva Bunkering Partners with rise-x.io adding end to end workflow to the Advanced Delivery Platform (ADP)
11:04 Silversea Cruises officially names newest ship, Silver Moon, in Athens

2021 July 31

13:08 Ammpower Corp signs MOU to provide green ammonia energy solutions to Porto Central in Brazil
11:47 Tiel-Waardenburg dyke reinforcement awarded to Van Oord, Dura Vermeer and Ploegam
11:12 Holland America Line takes delivery of new cruise ship at Fincantieri's Marghera shipyard
10:56 IMI and CSM sign agreement for cooperation in various business areas

2021 July 30

18:22 MEYER WERFT gets new order for a residential yacht
18:10 NYK Line announces delivery of the new LNG carrier Diamond Gas Victoria
17:59 Nutrien and EXMAR partner in building a vessel powered by low-carbon ammonia
17:06 Port of Rotterdam with partners sign an agreement to a joint study for commercial-scale hydrogen imports
16:21 Rhenus plans to acquire the Polish freight forwarding and logistics company C. Hartwig
15:42 Free-to-download report on the status of O&G storage and transshipment industry in Russia
15:21 Half of Dutch hydrogen projects are located in Rotterdam
14:49 Sredne Nevsky Shipyard lays down passenger ship of Project A45-90.2 named Victor Astafyev
14:20 Bollinger Shipyards celebrates commissioning of fast response cutters Henry, Hazard and Hatch in Apra Harbor, Guam
13:58 Balakovsky Shipyard launches hydrographic boat of Project Е35.Г, Yury Osokin, for Northern Sea Route
13:15 Maersk pioneers first block train for Decathlon from Vietnam to France
12:53 Warships of Iran, India and Pakistan navies left Kronstadt after participating in the Main Naval Parade
12:34 12th Dredging & Land Reclamation Asia Summit to be held on September 27-30
12:15 Konecranes wins first customer for EPA-approved new diesel-to-hybrid conversion technology
11:49 Changes in Finnlines’ Management: Marco Palmu appointed as Head of Passenger Services
11:26 Handling of dry bulk cargo in Azov-Black Sea Basin expected to grow by 2035
11:20 MAN Energy Solutions and ANDRITZ Hydro agree on hydrogen cooperation
11:03 Broad scope of Wärtsilä solutions selected for OHT’s next-generation wind turbine installation vessel
10:57 Russian cargoes leave neighboring countries’ ports for domestic terminals
10:21 ONE launches Marine Safety and Quality Campaign 2021
10:15 New container terminal for 2,000 TEU put into operation in Novorossiysk
09:38 Nevsky Shipyard welcomes students for summer internship
09:20 Baltic Dry Index as of July 29
09:09 Crude oil market sees downward price correction after a two-day long growth

2021 July 29

18:26 GTT appoints its new Chief Financial Officer
18:06 PGNiG terminates Port Arthur LNG agreement
17:54 FESCO, RZD Logistics and Nurminen Logistics launch regular intermodal service from Asia-Pacific countries to Finland via CPV
17:36 PGNiG Group expands its fleet of gas tankers
17:16 The Hebridean Princess returns to ABP’s Port of Cardiff
16:58 Okskaya Shipyard to build five tugboats of Project NE025 for Marine Rescue Service
16:42 Ever Given arrives to the port of Rotterdam
16:34 PGNiG to purchase more LNG from Venture Global LNG
16:17 Kalmar to deliver 12 straddle carriers to long-term partner Medcenter Container Terminal in Italy
15:56 New BIMCO/ICS Seafarer Workforce Report warns of serious potential officer shortage
15:11 Railway traffic launched through the second Baikal tunnel
14:48 Rosmorport's Petropavlovsk Branch takes part in exercises on maritime search and rescue of people
13:59 The Maritime and Port Authority of Singapore forms Global Centre for Maritime Decarbonisation
13:15 Hydrographic Company to hold auction for construction of Arc7 hydrographic ship
12:37 Baltiysk ferry meets ISM Code requirements
12:13 Sembcorp Marine bags 24 Workplace Safety and Health Awards
11:46 Ongoing travel restrictions continue to impact Tallink Grupp financial results in Q2 2021
11:08 MARAD awards vessel acquisition management contract to Crowley
10:43 Rosmorport’s tugboats assisted sailing boat Pallada mooring in Egvekinot and Provideniya ports
10:08 Thun Tankers announces the launching of product tanker Thun Empower
10:00 British Ports Association welcomes the resumption of international cruise in England
09:35 Baltic Dry Index as of July 28
09:18 SCHOTTEL to deliver a total of ten rudder propellers and two transverse thrusters to Sanmar Shipyards
09:09 Crude oil prices rise on reduction of US reserves
08:00 Verifavia shipping highlights widespread confusion over EEXI technical parameters
07:55 Drewry launches shipmanager Steering Group to power vessel opex benchmarking

2021 July 28

18:20 NOVATEK announces consolidated IFRS results for Q2 and H1 of 2021
18:01 New BIMCO/ICS Seafarer Workforce Report warns of serious potential officer shortage