• 2020 October 1 14:58

    MABUX Bunker Weekly Outlook

    Oil has been stuck in a narrow trading range in the low $40s more or less since July after the market began to worry that even with large supply cuts from OPEC+ and curtailments in the U.S., demand will not recover fast and strong enough to draw down the record-high inventories that had built in the second quarter. Global Bunker market in turn has mirrored general trends of crude indexes.

    The World Bunker Index MABUX has risen slightly for a week. The 380 HSFO index rose by 0.20 USD from 290.81 to 291.01 USD/MT, VLSFO added 7.00 USD globally: from 339 to 346 USD / MT, MGO index gained 5.21 USD: from 405.14 to 410.35 USD / MT. Global Scrubber Spread (SS) (price difference between 380 HSFOs and VLSFOs) has widened by 4.56 USD and averaged 51.84 USD (47.28 USD a week ago).

    Since the beginning of September, the World Bunker Index MABUX has shown a firm downward trend (380 HSFO from 315 to 288 USD, VLSFO from 365 to 331 USD, MGO from 445 to 406 USD), which stopped in the middle of the month, when the Index for all types of bunker fuel entered into a phase of moderate irregular fluctuations. This trend continued until the end of the month. Global SS index decreased slightly from 54.78 USD in August to 47.21 USD in September. The SS is still not wide enough to become a driver factor to stimulate scrubber installations.

    UK P&l Club said that the usage of jet and automotive fuels as blend stocks for bunkers may lead to flash point problems. In VLSFO, the possible result of this new practice is a general reduction in viscosity and density. Recently a significant uptick in fuels found to be off-specification because of a flash point lower than the minimum in Singapore and the Middle East. Situation in Europe proves that this kind of practice is not particularly widespread at the moment. Refineries on the US Gulf Coast are not using jet fuel as a blend stock for marine fuels as well. The smaller scale of the US Gulf market compared with Singapore makes the practice less viable there.

    A circular issued by the Saudi Ports Authority on 19 August, 2020, calls for the prevention of the discharge of washwater from ships with open loop types of exhaust gas clearing systems (EGCS) until an environmental standard is issued. Restrictions or bans on using open loop scrubbers have been reported in certain ports or territorial waters worldwide now. Earlier this year, there was a call during an IMO meeting for the development of a centralised database detailing local/regional restrictions/conditions on the discharge water from EGCS. Such a database would presumably be managed by the IMO, and would require all member States to report on specific restrictions in ports and/or clearly designated waters under their jurisdiction.




2020 October 27

15:04 Norway's biggest ferry company orders two new ferries from Havyard LAB
14:10 Port of Gothenburg posts results for January-September 2020
14:06 Krasniye Barrikady launched non-self-propelled cargo pontoon of Project GPRN
13:21 Wärtsilä cargo handling system design selected for new Very Large Ethane Carrier vessels
12:52 Bunker prices are stable in the Far East ports of Russia (graph)
12:27 BlueWater Reporting issues Q3 2020 World Liner Supply Report
12:09 HEINEKEN pioneers with zero-emission shipping
11:58 COVAXX and Maersk enter partnership to supply COVID-19 vaccines globally
11:03 Sea Port of Saint-Petersburg continues automation of railcars weighing
10:38 RF Government to look into development of national project focused on IWW
10:09 CMA CGM announces PSS for cargo from India North West ports to Europe
09:45 MABUX: Bunker Market this morning, Oct 27
09:40 Strategy for Developing the Russian Arctic Zone and Ensuring National Security until 2035 approved
09:22 Oil prices are recovering
09:07 Baltic Dry Index as of October 27

2020 October 26

18:03 Shipping emissions talks stall in London
18:03 Port of Klaipeda to get funds for sustainable development and digitization of the port’ management
17:42 34.6 million tonnes loaded in the Port of Klaipeda in 9 months of this year
16:58 Innovative solutions of MAPEI are increasingly widespread in shipbuilding
16:34 Kalmar continues long-term collaboration with Patrick Terminals with new order for AutoStrads
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