• 2020 September 24 14:17

    MABUX releases its weekly review of bunker market

    The Bunker Market Weekly Outlook was contributed by Marine Bunker Exchange (MABUX)

    The market is assessing the stalled recovery in fuel demand as countries continue to battle the coronavirus pandemic with rolling COVID-19 lockdowns. This has created uncertainty about whether demand for transportation fuels will ever return to normal. The World Bunker Index MABUX was steady with no any firm trend for a week. The 380 HSFO index fell from 293.76 to 292.30 USD/ MT (-1.46 USD), VLSFO stayed at the level of 340 USD while MGO lost 4.32 USD: from 411.11 to 406.79 USD/MT. The Global Scrubber Spread (SS) (price difference between 380 HSFOs and VLSFOs) has increased slightly: from 43.31 USD last week up to 47.28 USD now (+3.97 USD).

    The prices for VLSFO - compliant low-sulfur fuel - have remained fairly stable since June in world major hubs. The difference in prices of VLSFO in Rotterdam and Singapore, which reached its maximum levels in early 2020 (155-165 USD), has now significantly decreased and is in a range of 35-45 USD.

    In the meantime, prices for 380 HSFO in both ports are practically at the same levels, starting from February, after the highs in the price difference in January (85-95 USD). In September, the difference in 380 HSFO price ranged from 5 to 25 USD/MT in favor of Rotterdam.

    Lloyd’s Register FOBAS points to an increase in ‘excessive cylinder component wear’ on large two-stroke engines from November 2019, when vessels began to switch over to very low sulphur fuel oils (VLSFO). FOBAS data indicates that overall incidents related to cylinder component damage almost doubled for the studied period between November 2019 and June 2020. Sludging incidents were said to have remained on similar levels although a reduction in fuel injection equipment failure incidents have been observed.

    Deliveries of residual fuel oil in the US fell to 294,000 barrels per day (bpd) in August – 24.6% down on the 390,000 bpd recorded in July. The marked decreases were consistent with weak industrial activity and lower marine demand due to IMO 2020 implementation compounded by the effects of the COVID-19 pandemic.

    The technology group Wärtsilä concludes that the environmental impact of EGCs will be less than that of low-sulphur marine fuel. It notes that CO2 emissions associated with producing and installing an EGC system are small compared to those generated when operating the system. By contrast, with de-sulphurised fuels the overall CO2 footprint increase is a result of the refining processes.




2020 October 26

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
15:50 Bunker prices are flat in the Far East ports of Russia (graph)
15:34 EU awards funding to Kapellskär-Naantali Maritime Bridge environmental initiative