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  • 2020 October 29 15:28

    MABUX released Bunker Weekly Outlook

    The bunker market review was contributed by Marine Bunker Exchange (MABUX)

    The Global Fuel market continues to focus on the bearish signs - rising U.S. inventories, increased oil supply from Libya, and the second COVID-19 wave in major developed economies threatening the economic and put more pressure on fuel prices in recent weeks.

    The World Bunker Index MABUX did not have any firm trend in October, having reached its peak in the middle of the month (Oct.12-18) but turned into a moderate downward movement by the end of the month.

    As a result, the 380 HSFO Monthly index fell from 292.76 (29.09) to 291.55 USD/ MT (-1.21 USD) on Oct.29, VLSFO Monthly index lost 10.00 USD globally: from 346 to 336 USD / MT, while MGO Monthly index dropped by 7.89 USD: from 410.07 down to 402.18 USD / MT.

    Monthly Global Scrubber Spread (SS) (price difference between 380 HSFOs and VLSFOs) increased slightly in October by 5.25 USD and averaged 52.46 USD (47.21 USD in September).

    Meantime, Monthly SS Spread in both: Rotterdam and Singapore narrowed significantly in the end of October. Monthly SS in Rotterdam decreased from 58 USD in the beginning of the month down to 33 USD on Oct.29 (-25 USD). Average value of SS spread for the month is 53.25 USD (41.63 USD in September).

    In Singapore Monthly SS Spread narrowed from 69 USD on Sep.29 down to 53 USD on Oct.29 (-16 USD). Average Monthly SS has changed slightly: from 61.29 USD to 63.33 USD.

    U.S. regulators are rolling out on Oct.26 the first of a two-part regime imposing new pollution control standards on ships. The regime will have long-term implications for how shipowners manage vessel discharges. The most anticipated discharge standards were those relating to exhaust gas cleaning systems (EGCS or “scrubbers”), and ballast water.

    As per some analysis, the International Maritime Organization’s (IMO) proposed Arctic heavy fuel oil (HFO) ban contains so many waivers and exemptions that 84% of HFO use would still be allowed to continue until 2029. The ban would start to take effect in July 2024, but waivers and exemptions included in the draft text would allow some vessels to continue using and carrying HFO until July 2029. It is expected that 84% of HFO consumptions would be permitted until 2029, 70% of fuel oil carriage, and black carbon emissions would be at 95% of current levels.




2021 December 4

15:21 MOL and Flotation Energy to explore offshore floating wind in Japan
14:51 Sembcorp Marine's LMG Marin to design world’s first zero-emission fuel tanker
13:09 USCG, royal Turks and Caicos Islands Police Force sign MOU
12:34 The Hurtigruten terminal has been renamed Jektevik terminal
11:02 Port of Rotterdam Authority embarks on partnerships with three promising maritime companies

2021 December 3

18:26 Hydrographic Company set to establish Center of Engineering and Technical Expertise
18:07 ABP Humber complete oil spill incident management exercise
17:52 Wärtsilä OPTI-DP Engagement Tool supporting the marine industry to configure optimised propulsion arrangements for DP vessels
17:45 Ocean Network Express conducts a joint crisis management drill with Seaspan Corporation
17:40 Transport Strategy of Russia until 2030 with forecast until 2035 published on official portal
17:22 MSC adds Hamburg to its feeder service „Baltic Loop 3“
17:02 Vyborg Shipyard launches KMT01 trawler named Kara Sea
16:32 South African minister visits Port of Rotterdam to discuss hydrogen exports
16:05 PD Ports contracts Konecranes to convert four RTGs to electric
15:31 Four Jones Act CTVs built to ABS Class to support U.S. offshore wind development
15:17 ABS, NYK, MTI and WinGD team-up to verify design with modeling and simulation
14:03 Jurong Port joins the Castor Initiative
13:30 ABS awards sustainability notations to two Harvey Gulf vessels
13:04 Kapitan Dranitsyn and Admiral Makarov icebreakers reinforced icebreaker group on NSR
12:57 Royal IHC delivers key components for “R.B. Weeks” to Weeks Marine
12:42 Icebreaker assistance season begins in White Sea waters
12:17 Sailing practice of 2021 on Mir sailing ship successfully completed
11:21 NCSP Group's consolidated revenue for 9M’2021 rose by 9.3%
10:53 Foreign contractors can be involved to build LNG-powered icebreakers for Arctic
10:38 MABUX: Bunker prices may demonstrate multidirectional changes with tendency to grow on Dec 3
10:29 The Korean Register publishes guidance for containers loading on bulk carriers
10:20 MSU-1 to perform reconstruction of Gorodetsky hydrosystem locks
09:57 Annual repair dredging in Gulf of Ob from 2023 estimated at 5 million cbm
09:35 Crude oil prices rise on OPEC+ decision to keep oil output increase in January
09:18 Baltic Dry Index as of December 2

2021 December 2

18:36 NRP buys handysize drybulk carrier
18:06 2M Alliance’s Far East liner service „AE 7/Condor“ calls at Hamburg again
17:54 Icebreaker assistance season starts in Big Port St. Petersburg on December 7
17:36 Vitol is first customer to approve completely digital inspection of cargo tanks
17:15 BIMCO launches new contract for employment of security escort vessels
16:45 GTT will design the tanks of four new LNG carriers ordered by Daewoo Shipbuilding & Marine Engineering to operate in Arctic waters
16:25 MOL announces delivery of next-generation coal carrier 'EeneX' series
16:05 PSA & ONE launch environmentally friendly barge service at Jurong Island Terminal
15:42 “K” Line conducts trial use of marine biofuel for decarbonization on car carrier
15:38 Wärtsilä wins order to supply cargo handling system for second LNG bunker vessel being built by Fincantieri Bay Shipbuilding
15:23 Verifavia launches industry’s first real-time carbon intensity indicator dashboard
14:55 Two more LK-60 icebreakers needed for regular year-round navigation on Northern Sea Route
14:28 Equinor and SSE reach financial close on the third phase of the world's biggest offshore wind farm
14:04 Nuclear-powered icebreaker Sibir to commence operation in Kara Sea in early January 2022 – Vyacheslav Ruksha
13:42 MABUX: Bunker Weekly Outlook, Week 48, 2021
13:02 European shipowners call for further action in the Gulf of Guinea
12:40 Rolls-Royce to supply eight mtu engines for new Svitzer tugs in Brazil
12:01 Throughput of Azov port in 11M’2021 climbed by 1% YoY
12:00 NORDEN simplifies business unit structure
11:36 Norway’s Eksfin tops NOK 10bn in offshore wind financing as Dogger Bank C reaches financial close
11:34 Annual throughput of Severnaya Zvezda project on Taimyr peninsula to exceed 7 million tonnes from 2026
11:10 MABUX: Uncertainty on Global bunker market to continue on Dec 02
10:00 Digital Twin Conference 2022 to be held virtually on 11-12 May 2022
09:33 Crude oil prices are rising in expectation of OPEC+ meeting
09:19 Baltic Dry Index as of December 1

2021 December 1

19:15 PortNews to hold Ship Repair, Modernization and Components Conference on 20 September 2022 in Saint-Petersburg
18:31 DP World celebrates 2,000 members of the Digital Freight Alliance
18:07 CMA CGM and Shell perform first Bio-LNG bunkering operation in Rotterdam
17:42 8 new fuel-efficient ships to join the X-Press Feeders fleet
17:26 Danish Smyril Lines Cargo starts second service between Iceland, the Faroe Islands and Rotterdam