• 2021 January 22 10:02

    MABUX: Bunker market this morning, Jan 22, 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) turned into slight downward movement on Jan.21:

    380 HSFO: USD/MT – 365.63 (-0.72)
    VLSFO: USD/MT – 460.00 (-2.00)
    MGO: USD/MT – 515.42 (-3.32)




     

     

     

     

     

     

     

     

    As of January 21, a correlation of the MBP Index (Market Bunker Prices) vs the DBP Index (digital benchmark MABUX (Digital Bunker Prices) in the four global largest hubs showed that already in three selected ports: Rotterdam (minus $ 16), Singapore (minus $ 14) and Fujairah (minus $ 4), the 380 HSFO was underestimated. The DBP Index still recorded a slight overestimation of this type of fuel in Houston (plus $ 6). According to the DBP Index, VLSFO was again overvalued in all selected ports ranging from $ 6 (Rotterdam) up to $ 22 (Houston). MGO LS, by contrast, remained undervalued at all ports ranging from minus $ 23 (Fujairah) to minus $ 35 (Singapore), with the exception of Houston (plus $ 11).




     

     

     

    World oil indexes changed sideways on Jan.21 after industry data showed a surprise increase in U.S. crude inventories that revived pandemic-related demand concerns.

    Brent for March settlement rose by $0.02 to $56.10 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for March delivery decreased by $0.18 to $53.13 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $2.97 to WTI. Gasoil for February delivery lost $4.50 – $455.00.

    Today morning oil indexes continue sliding down.

    As per the American Petroleum Institute (API) estimation, U.S. crude oil inventories rose 2.6 million barrels in the week to Jan. 15, compared with forecasts for a 1.2 million barrel fall. Official Energy Information Administration (EIA) inventory data is due on Friday.

    Besides, the API will support U.S. federal regulations for oil and gas industry-generated methane.  This is in stark contrast to its previous position against federally regulating the greenhouse gas.

    Rising COVID-19 cases in China also weighed on prices. Chinese government plans to impose strict COVID testing requirements during the Lunar New Year holiday season, when tens of millions of people are expected to travel, as it battles the worst wave of new infections since March 2020. The commercial hub of Shanghai reported its first locally transmitted cases in two months on Thursday.

    We do not expect any significant changes in bunker prices today: both IFO and MGO prices may change irregular in a range of plus-minus 1-4 USD.




2021 March 7

16:14 Vard Marine announces change in Vice President of Ottawa operations
14:27 VOS Singapore delivers MWV Falgout to end client
13:41 USCG concludes monitoring diesel fuel clean-up near Sitka, Alaska
12:53 Seaspan acquires two 15,000 TEU containerships on long-term charters
11:36 Trelleborg acquires leading supplier of composite hoses
10:54 Vard Marine secures a new contract for the design of an amphibious and military sea transport for the Chilean Navy Escotillón IV Program

2021 March 6

18:20 Philly Shipyard begins fabrication on second NSMV
15:08 e5 Lab establishes Marindows Inc.
13:27 New wood-chip carrier for Hokuetsu Corporation delivered
12:31 Saipem and the Norwegian company, Elkem, sign a feasibility study agreement for the decarbonisation business
11:43 TDI-Brooks International, Inc. completes two EBS programs offshore Angola
10:59 Torqeedo and Poseidon announce new, commercial-grade electric drive for passenger ferries.

2021 March 5

18:27 Logimatic signs contract with Hapag-Lloyd for implementation of SERTICA on more than 70 of the largest container vessels
17:39 Ilya Muromets icebreaker to participate in expedition of RF Navy’s Northern Fleet and Russian Geographical Society
17:01 Association of Lithuanian Stevedoring Companies appoints new President
16:37 Keel laying ceremony for ‘Green Jade’ was held at CSBC’s shipyard in Kaohsiung, Taiwan
15:44 Throughput of Port Vysotsky LLC in 2M’2021 fell by 2.1% Y-o-Y
15:22 Throughput of Taganrog port in 2M’2021 climbed by 7% Y-o-Y
14:56 Throughput of port Kavkaz in 2M’2021 rose by 70% Y-o-Y
14:47 IAA PortNews' greetings on the International Women's Day!
14:33 Krasnoye Sormovo to invest RUB 250 million in technical upgrading this year
14:15 HHI Group launches “Hydrogen Project” with Saudi Aramco
13:11 Eco-bonus for sustainable transport to and from the Stockholm region via Ports of Stockholm
12:48 Oboronlogistics to take part in preparation of Strategy for Development of Russia’s Shipbuilding Industry
12:32 ICTSI 2020 net income up 1% to US$101.8mln
12:26 Global Ports Investments announces its operational results and publishes its consolidated financial statements for 2020
12:01 EGS extends rail link Rotterdam-Bavaria
11:31 DNV advises PGE Baltica on setup of a joint venture structure to develop, build and operate two offshore wind plants in the Baltic Sea
11:01 LR completes purchase of C-MAP Commercial from Navico Group
10:45 Shipping company and chief officer convicted for dumping garbage in Great Barrier Reef
10:44 MABUX: Bunker market this morning, Mar 5, 2021
10:40 RS contributes to improvement of STCW audits
10:18 Solstad Offshore announces contracts awards for two subsea construction vessels
10:07 Aker Solutions awarded Åsgard B modification contract
09:44 Bunker prices are stale at the Port of Saint-Petersburg, Russia (graph)
09:27 Oil market sees steady growth of prices
09:10 Baltic Dry Index as of March 4

2021 March 4

18:31 Royal Doeksen takes over Vuyk Engineering Rotterdam from Royal IHC
18:11 A.P. Moller- Maersk to pioneer a first-ever block train from Japan to UK via Trans-Siberian railway
18:03 Bunker Weekly Outlook, Week 09, 2021
17:59 Torqeedo and Poseidon announce new, commercial-grade electric drive for passenger ferries
17:18 Rosmorport obtains approval of Glavgosexpertiza for dredging under project on construction of LNG terminal in Kamchatka
16:44 Nefteflot lays down two survey ships of Project RDB66.62
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