• 2021 January 12 10:15

  MABUX: Bunker market this morning, Jan 12, 2021

  

  The Bunker Review was contributed by Marine Bunker Exchange (MABUX)
  
  MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) rose on January 11:
  
  380 HSFO: USD/MT 359.98 (+3.40)
  VLSFO: USD/MT 447.00 (+6.00)
  MGO: USD/MT 503.00 (+3.76)
  
  
  
  

   

   

   

   

   

   

   

   

   

  Correlation of the MBP (Market Bunker Prices) Index vs the DBP (Digital Bunker Prices) Index in the four global largest hubs showed on Jan.11, that in two ports: Rotterdam and Singapore, all fuel grades were moderately undervalued compared to the DBP Index. This kind of situation has been registered in Rotterdam for the first time. As a result, 380 HSFO fuel in Rotterdam was undervalued by $ 8, in Singapore - by $ 11; VLSFO - $ 7 and $ 6, MGO LS - $ 16 and 26, respectively. In Fujairah, 380 HSFO was overvalued by $ 4 compared to DBP Index, VLSFO - by $ 5, but MGO LS was undervalued by minus $ 21. And only in Houston, all fuel grades were moderately overpriced: 380 HSFO – plus $ 10, VLSFO – plus $ 24, MGO LS – plus $ 6.

   

   

   

   

  World oil indexes changed irregular on Jan.11 as coronavirus lockdowns around the world renewed concerns about global fuel demand.
  
  Brent for March settlement fell by $0.33 to $55.66 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for February delivery increased by $0.01 to $52.25 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $3.41 to WTI. Gasoil for January delivery gained $2.00 – $445.75.
  
  Today morning oil indexes have turned back to moderate upward evolution.
  
  The pressure on fuel indexes has been generated by the renewed concerns about demand due to very high numbers of new corona cases and further mobility restrictions. Extended lockdowns in response to the continuing surge in Covid-19 infections in Europe has quashed hopes that fuel demand on the continent could rebound in the first half of the year. Despite strict national lockdowns, Britain is facing the worst weeks of the pandemic. Mainland China saw its biggest daily increase in virus infections in more than five months, as new infections rose in Hebei province, which surrounds the capital, Beijing. The United States is also tightening Covid-19 containment measures.
  
  We expect IFO and MGO bunker prices may fluctuate today in a range of plus-minus 1-3 USD.

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2024 November 2

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17:20	VTTI looks to buy into LNG terminals in Asia
16:48	Hudong-Zhonghua Shipbuilding signs contracts for 12 large container ships in the past 10 days
16:32	CHIMBUSCO secures its first LNG refueling service in Europe
15:46	SLB OneSubsea awarded subsea boosting contract for bp’s Kaskida project in Gulf of Mexico
15:24	Wilson Sons to start construction of three new eco-friendly tugboats in 2025
14:57	Rem Offshore holds keel laying ceremony for REM Pioneer
12:30	World's first conversion of large container ship to run on methanol successfully completed
11:52	New offshore platform taps into potential of heavy-oil reserves in China
11:24	HRDD completes desulphurization tower system conversion for a PCTC
09:48	TOWT launches its first cargo sailing ship in Le Havre

2024 November 1

18:00	Marlink to deploy Sealink NextGen hybrid solution on 26 tankers for Transpetro
17:38	Austal Australia delivers 8th Evolved Cape-class Patrol Boat to Royal Australian Navy
17:23	Acteon and Applied Fiber enter MoU to collaborate on mooring solutions
16:54	KOTUG International and Maritalia S.A. secure major marine services contract for bp’s Greater Tortue Ahmeyim gas project
16:24	BW LPG takes delivery of vessel BW Chinook from Avance Gas
15:44	HD Hyundai may nearly double shipbuilding capacity in Vietnam
15:24	Samsung Heavy Industries secures $390 mln contract for four Suezmax tankers
14:36	EU imposes duties on unfairly subsidised electric vehicles from China
14:23	Port of Montreal workers at two terminals start new strike
13:41	Chinese ports container volume rises 7.7 % from January to September of 2024
13:22	MOL, COSCO Co-host 6th Shanghai International LNG Shipping Forum
12:43	Global schedule reliability drops to 51.4% in September 2024
12:22	GTT secures technical services contract with Maran Tankers for eight LNG Dual-Fuel Suezmax vessels
11:45	MSC inks up $2.1bn container ship at the reborn shipyard Rongsheng Heavy Industries
11:28	China's first 'smart factory' for offshore oil, gas equipment fully operational
10:43	Yanmar completes land-based demonstration testing of a hydrogen engine for power generation in coastal vessels
10:23	Samsung Heavy wins W358 bln LNG ship order in Asia
09:58	EU greenhouse gas emissions fell by over 8% in 2023

2024 October 31

18:00	MAN receives multiple orders for MAN B&W G95ME-LGIM Mk 10.5 methanol engines to power a series of VLCV
17:23	The Marechal Duque de Caxias platform ship starts producing in the pre-salt layer
17:06	IWS Seawalker CSOV makes it 1000 ship designs from Kongsberg Maritime
16:45	“K” Line Wind Service and Japan Marine United sign agreement for Phase 2 of NEDO’s Green Innovation Fund Project
16:04	Wärtsilä introduces its innovative NextDF feature for the Wärtsilä 25DF dual-fuel engine
15:45	MOL plans to change charter contract for vessels related to Russia business
15:44	MABUX: Bunker price trends in the world's four largest hubs, Oct 8 - Nov 1, 2024
15:23	HHLA raises expectations for fiscal year 2024
14:59	Major fire extinguished at UK nuclear submarine yard
14:16	AD Ports Group and Somali Ministry of Fisheries & Blue Economy sign MoU for maritime sector development
13:44	Maersk reports Q3 results
12:43	UECC orders four advanced multi-fuel battery hybrid pure car and truck carriers from China Merchants Jinling Shipyard Nanjing
11:39	Japanese сonsortium produces design concept for eco-friendly VLCC
11:12	TMC Compressors bags contract to supply four LNG carriers
10:46	Panama Canal operating costs down 5% in FY2024
09:29	HIF Global and Antarctica21 promote sustainable tourism with e-Fuels

2024 October 30

18:00	East Java Multipurpose Terminal partners with Sinarmas LDA Usaha Pelabuhan
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12:40	AD Ports Group and the General Department of Vietnam Customs sign MoU
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10:09	Erik Thun launches the next-generation Lake Vanern Max vessel
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2024 October 29

18:00	The U.S. Environmental Protection Agency announces selections for nearly $3 bln of investments in Clean Ports
17:34	Asyaport becomes first Turkish port to provide shore power to container ships
17:00	Port of Los Angeles awarded $412 million grant from U.S. EPA for zero-emission transformation
16:42	Oil spill occurred during bunkering operations at the Port of Singapore
16:10	World’s first electric hydrofoil ferry line takes off in Stockholm
15:46	Wallenius Wilhelmsen signs five-year, $766 million deal