• 2021 January 18 10:29

    MABUX: Bunker market this morning, Jan 18, 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) continued slight upward evolution on January 15:

    380 HSFO: USD/MT 367.69 (+0.44)
    VLSFO: USD/MT 461.00 (0.00)
    MGO: USD/MT 516.55 (+0.97)




     

     

     

     

     

     

     

    As of January 15, a correlation of the MBP Index (Market Bunker Prices) with the DBP Index (MABUX Digital Bunker Prices) in the four global largest hubs showed that in two ports: Rotterdam and Fujairah, according to the DBP Index, all bunker fuels were moderately undervalued (380 HSFO - minus $ 8 and minus $ 1, respectively; VLSFO - $ 0 and minus $ 5, and MGO LS - minus $ 23 for both ports). DBP Index also registered an overvalue of 380 HSFO and MGO LS in Singapore: minus $ 9 and minus $ 32, respectively. On Jan.l15 there was the only port – Houston - where, according to DBP Index, an overcharging was registered for all grades of fuel: 380 HSFO - plus $ 6, VLSF - plus $ 23 and MGO LS - plus $ 4.




     

     

     

    World oil indexes fell on Jan.15 as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by U.S. plans for a large stimulus package.

    Brent for March settlement fell by $1.32 to $55.10 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for February delivery decreased by $1.21 to $52.36 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $2.74 to WTI. Gasoil for February delivery lost $7.50 – $452.00.

    Today morning oil indexes do not have any firm trend so far.

    China locked down more than 22 million citizens amid a new wave of Covid-19, on top of announcements that there will be extended curfews in France that will last 12 hours of the day, started from Jan.16. Europe’s oil demand has failed to start the year with any sort of growth, slumping 1.76 million barrels per day so far this month, as road use in the UK, France, Italy, and Spain fell 37% last week compared with pre-virus levels. Bolstering oil prices is the hope that the incoming Biden administration will quickly push through yet another round of stimulus payments in the amount of $1400 per person. This will add onto the current $600 payments that are being distributed now.

    We expect IFO and MGO bunker prices may slide downwards today by 5-8 USD.




2021 March 4

15:15 Global shipping CO2 emissions decreased 1% in 2020 - Marine Benchmark
14:32 BW Group and Miros launch fuel-saving, emissions-reducing JV
14:05 Zvezda Shipyard lays down seventh Aframax tanker, Academic Ivanter
13:32 IAA PortNews to hold webinar dedicated to Yenisey as one of Siberian waterways on March 17
13:01 APM Terminals Valencia assembles three new Rubber Tyred Gantry cranes
12:03 Expeditionary Survey Boat Hydrograaf named at Damen Shipyards Den Helder
11:46 Roadmap approved for reduction of coal industry’s environmental impact
11:03 DNV supports Hapag-Lloyd’s milestone green financing
10:29 Gazpromneft-Lubricants solidifies the cooperation with FESCO
10:17 DuPont awarded grant from Singapore’s National Water Agency to increase sustainability of desalination for clean water
10:08 Tallink Grupp reports its statistics for February 2021
09:44 MABUX: Bunker market this morning, Mar 04, 2021
09:27 Oil prices continue rising
09:11 Baltic Dry Index as of March 3

2021 March 3

18:20 Star Bulk Carriers announces acquisition of two resale modern high specification Kamsarmax vessels
18:16 Jumbo and SAL intend to form joint venture
17:55 ABS publishes landmark U.S. Offshore Wind Report
17:48 4.81 million tonnes of cargo carried by Northern Sea Route in January-February 2021
17:24 Chancellor put ports at heart of regional growth and prosperity
17:17 Latvia’s innovative technologies enhance the competitiveness of the Port of Riga
16:54 Rates approved for investment harbor dues collected by Rosmorport in Murmansk
16:29 Missile cruiser Marshal Ustinov of RF Navy’s Northern Fleet sailed to Barents Sea for exercises
16:05 Royal IHC and Cochin Shipyard sign MoU to provide a trailing suction hopper dredger to be built for Dredging Corporation of India
15:20 Grimaldi christened ro-ro vessel Eco Livorno
15:02 Yantar Shipyard acquires more equipment of domestic origin
14:38 Delo Group assets develop joint operations
14:13 Holland Shipyards Group to retrofit Future Proof Shipping’s vessel to sail on H2 power
14:10 Russia and Syria look into establishment of joint shipping line
13:47 World Shipping Council strengthens its organisation in Asia and the USA
13:24 Russian frigate Admiral Kasatonov visits Akzas-Karagach naval base in Turkey
13:05 Support vessels of RF Navy's Northern Fleet entered the Cyprus port of Limassol
12:36 Throughput of Rostov-on-Don port in 2M’2021 remained flat, year-on-year
12:11 DP World implements Zodiac System in Jebel Ali Port’s terminal-3 to enable 100% automation of facilities
11:33 IMO publishes guidelines to port State control for on board fuel oil sampling
11:14 Aleksandr Smirnov appointed as General Director of Rosmorport
11:12 Associated British Ports signs Mental Health in Maritime Pledge
10:25 Rates approved for investment harbor dues in Big Port Saint Petersburg, Vysotsk, Primorsk and Ust-Luga seaports
10:03 MABUX: Bunker market this morning, Mar 03, 2021
09:53 Bunker prices continue rising at the Port of Saint-Petersburg, Russia (graph)
09:32 Oil prices go up in expectation of OPEC+ meeting
09:18 Baltic Dry Index as of March 2
08:41 The Port of Sagunto will reduce energy consumption in roads by 54% with the installation of LED lights

2021 March 2

19:00 Zelenodolsk Plant lays down two high-speed passenger hydrofoils of Project 03830, Meteor-2020
18:45 Crowley promotes Dan Warner to Chief Financial Officer
18:05 The RSS Sir David Attenborough delivered to LR Class
17:54 Manufacture of auxiliary drilling modules for ice-resistant platform LSP “A” is underway
17:47 TORM purchases eight MR product tankers with chemical trading capabilities from TEAM Tankers in a partly share-based transaction
17:39 Inchcape’s new Port Cost Estimator is missing link in voyage cost puzzle
17:28 CMA CGM acquired a 50% interest minus one share in TTIA container terminal in Algeciras, Spain
17:25 First hydrogen filling station opened in Amsterdam port
17:21 Framo will supply pumping systems for foundations of Scotland’s largest offshore wind farm project
17:06 Haldor Topsoe joins Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping as Strategic Corporate Partner
16:21 USCG, partners rescue two pilots from downed aircraft off Lanai
16:15 The Prax Group agrees exclusive crude oil supply arrangement with Trafigura
15:48 Ardmore Shipping takes on commercial management of four Carl Buettner chemical tankers
15:47 Ocean Infinity acquires MMT
15:00 Bunker sales at Vladivostok port in 2M’2021 fell by 34% YoY
14:38 Tenderers sought for upcoming Port Hedland channel marker project
14:22 Local contractor wins Mt Bassett water reservoir demolition job
13:46 Mega RO-RO vessels handled in record time thanks to investment by PSA Zeebrugge