• Home
  • News
  • MABUX releases its bunker weekly review
  • 2020 October 8 15:37

    MABUX releases its bunker weekly review

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

    Bunker Weekly Outlook
    Oil market fundamentals continue to be weak especially with increasing COVID-19 cases globally. This surge in infections raises concerns of new lockdown measures on the European continent over the next few months, which may lead to a slower recovery of global oil and fuel demand.

    The World Bunker Index MABUX has been steady and demonstrated slight irregular changes for a week. The 380 HSFO index fell from 291.90 to 291.35 USD/ MT (-0.55 USD), VLSFO added 2.00 USD: from 346 to 348 USD / MT while MGO gained 4.60 USD: from 407.70 to 412.30 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 added only 1.57 USD and averaged 53.41 USD (51.84 USD a week ago).

    Rotterdam SS Spread’s lagging behind Singapore's SS index significantly reduced over the past three weeks. SS Spread in Rotterdam changed during the week in a range of 54 (05.10) - 66 USD (01.10; 08.10). SS weekly average increased by 6.50 USD from 54.00 USD to 60.50 USD.

    In Singapore SS Spread rose slightly during the week and added 5 USD: from 67 USD to 72 USD. SS weekly average gained 2.00 USD: from 67.33 USD to 68.33 USD.

    Meantime, bunker sales volumes are starting to pick up again in some ports, with Singapore being an example of such a trend. Preliminary estimates from the Maritime and Port Authority of Singapore on Sept. 14 showed that in August bunker fuel sales in Singapore, added 0.27% on the month and rose 13.6% on the year to 4.17 million MT.

    BIMCO is concerned that the inclusion of shipping in the EU Emissions Trading Scheme (ETS) will inhibit global action on reducing CO2 emissions. Instead, BIMCO urges the EU to work with the international community at the International Maritime Organization (IMO) to get a global market-based measure established, when the required technology is available, which would ensure the industry operates on a level playing field. When the EU attempted to unilaterally enforce its ETS on airlines flying in or out of EU in 2012, it was met with stiff opposition from large countries, such as China, India and the U.S. An EU-imposed regional ETS for shipping could lead to similar responses.

    IMO reported, the implementation of the IMO 2020 fuel regulation had been smoother than expected. Only 55 Fuel Oil Non-Availability Reports (FONARs) submitted since the introduction of the 0.50% global sulphur cap this year.




2022 August 12

15:30 ZIM invested $5.5 million in provider of asset and fleet visibility solutions
15:03 Equinor’s H2H Saltend selected to proceed as one of the first large-scale hydrogen projects in the UK
14:58 Three new barges delivered cargo for construction of Amur Gas Chemical Complex
14:13 Grimsby River Terminal welcomes the first sustainable car carrier
14:03 CMA CGM service starts to call Yilport Gemlik
13:42 Maersk Drilling awarded two-month extension with TotalEnergies offshore Denmark
13:14 De Vlaamse Waterweg and Port of Antwerp-Bruges maintain the water level in the docks and the Albert Canal with a temporary pump installation
12:00 First Rijeka–Czech Republic direct cargo rail service established
11:55 Kazakhstan Transport Week will be held in Almaty from September 20-22, 2022
11:32 MacGregor has received a significant order to supply all-electric RoRo equipment to four PCTC vessels
11:02 Diana Shipping announces the acquisition of nine Ultramax dry bulk vessels from Sea Trade
10:42 First hydrogen bunkering license issued in the Netherlands
10:28 Throughput of Russian seaports in 7M’2022 declined by 0.2% YoY
10:20 Teekay сompletes the first ship-to-ship operations at Port Sudeste Brazil
10:09 Höegh Autoliners posts Q2 2022 results
09:31 ZeroNorth signs deal with X-Press Feeders to propel carrier’s decarbonisation strategy
09:16 Crude oil futures decrease after growing for two days
08:51 MABUX: Global bunker indices to keep rising on August 12
08:33 Pakistan Navy saves 9 Indian crew members after ship drowns - Geo News

2022 August 11

18:30 Valenciaport strengthens relations with the Chinese region of Fujian
18:05 Yang Ming publishes financial report for H1 2022
17:57 Yara Latvija opens a mineral fertilizer packaging and storage warehouse at “Riga Nordic Terminal”
17:26 KSOE lands LNG carrier order worth KRW2tn from Qatar - BusinessKorea
17:06 UECC signs up for Svitzer’s EcoTow solution in Scandinavia
16:51 Aleksandr Lukashenko gave instructions to make the maximum use of the Russian ports to ship Belarus’ goods
16:25 Saipem awarded three new EPC contracts in Angola for a total amount of around 900 million USD
16:05 Australian Maritime Safety Authority issues the Port State Control Annual Report for 2021
15:39 Maersk Supply Service wins another integrated solutions project in Brazil
15:14 Cleaning and dredging of water area near Moskva-river berths completed
14:48 Port of Tallinn closes operations in Paljassaare harbour
14:23 Germany's RWE widens global search for LNG supplies - Reuters
13:33 Nuclear-powered container ship Sevmorput came to Murmansk from Petropavlovsk-Kamchatsky
13:15 Dozens missing after migrant boat sinks off Karpathos, Greece - The Associated Press
13:02 MABUX: Bunker Weekly Outlook, Week 32, 2022
12:41 MacGregor receives an order to supply all-electric RoRo equipment to four PCTC vessels
12:12 Milaha reports a 46% increase in net profit for H1 2022
11:52 MAN Energy Solutions signs MoU with Stena and Proman
11:17 Aker Solutions to provide subsea production system for the Trell & Trine development
11:04 Hapag-Lloyd revenues up to EUR 17 billion in first half year of 2022
10:40 Equinor’s new floating production vessel Johan Castberg catches fire
10:33 EU ban on Russian coal imports comes into force - Deutsche Welle
10:01 Gubkin University supports 6th LNG Bunkering and Alternatives conference as its Industry Partner
09:41 QatarEnergy awards McDermott FEED contract for the North Field South Offshore Pipelines Project
09:40 Rosatom exercised option to purchase share in Delo Group and increased its stake to 49%
09:18 Crude oil futures decrease on surge of US reserves
08:59 MABUX: Uptrend to continue in Global bunker market on August 11

2022 August 10

18:37 Awilco LNG ASA enters a new time charter contract for the WilForce with an oil major
18:07 BHP, Pan Pacific Copper and Norsepower partner to harness the power of wind-assisted propulsion
17:55 Water area of Ust-Luga port’s southern district put into operation
17:46 Drydocks World-Dubai signs strategic partnership with Silverstream Technologies
17:26 US antitrust Commission seeks feedback on performance of exemption for liner shipping consortia
17:19 Throughput of port Shanghai (China) in 7M’2022 fell by 7% YoY to 291 million tonnes
16:52 STC INSISO secures six-figure contract extension with Peel Ports
16:40 The three major Korean shipbuilders account for 55% of global ship orders in July - BusinessKorea
16:17 “K” Line enters into long-term time charter with QatarEnergy for seven newbuilding LNG vessels
15:46 Crowley partners with EcoVadis
15:35 Port of Liepaja throughput in 7M’2022 rose by 16.8% Y-o-Y to 4.43 million tonnes
15:03 HHLA posts results for H1 2022
14:33 MOL signs deal to build 2nd bulk carrier equipped with 'Wind Challenger' hard sail system
14:02 Sea-Intelligence ApS analysed the container handling statistics for the major North America West Coast ports