• 2021 February 22 10:37

    MABUX: Bunker market this morning, Feb 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 Gasoil) in the main world hubs) demonstrated irregular changes on February 19:

    380 HSFO: USD/MT – 405.12 (-1.51)
    VLSFO: USD/MT – 507.56 (-2.14)
    MGO: USD/MT – 573.06 (+6.54)




     

     

     

     

     

     

     

     

     

     

     

    Correlation between the Market Bunker Price Index (MBP) vs MABUX Digital Bunker Price Index (DBP) in four major hubs on February 19 remained undercharging of 380 HSFO bunker grades in all selected ports ranging from minus 4USD (Houston) to minus 28USD (Rotterdam). VLSFO is overcharged in all 4 hubs in a range of 1USD (Rotterdam) - 19USD (Houston). MGO LS is still undervalued in all four major hubs ranging from minus 6USD (Houston) to minus 46USD (Singapore).




     

     

     

     

     

    Meantime, world oil indexes decreased on February 17 as Texas brought oil production back online.

    Brent for April settlement decreased by $1.02 to $62.91 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for March fell by $1.28 to $59.24 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $3.67 to WTI. Gasoil for March delivery lost $3.75.

    Today oil indexes rise amid slow return of U.S. crude output cut by frigid conditions raised concerns about supply.

    U.S. oilfield crews will probably take several days to de-ice valves, restart systems and begin oil and gas output. U.S. Gulf Coast refiners are assessing damage and may take up to three weeks to restore most of their operations, though hampered by low water pressure, gas and power losses. Abnormally cold weather in Texas and the Plains states forced the shutdown of up to 4 million barrels per day (bpd) of crude production along with 21 billion cubic feet of natural gas output.

    At the same time, U.S. energy firms last week cut the number of oil rigs operating for the first time since November as blistering cold and snow hit most of Texas, New Mexico and other big energy producing areas. According to Baker Hughes Co, The U.S. oil and gas rig count, an early indicator of future output, was unchanged at 397 in the week to February 19. Despite rising for six months in a row, that combined count is still 394 rigs (or 50%) below this time last year. U.S. oil rigs fell by one to 306 last week, while gas rigs rose by one to 91, their highest since April 2020.

    Investment bank Goldman Sachs raised its forecast for Brent by $10, helping to boost the oil prices, with expectations for Brent to reach $70 by the second quarter and $75 in the third quarter.

    We expect bunker prices may decline today: 5-7 USD down for 380 HSFO, 2-4 USD down for MGO.




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
13:16 Wallenius Wilhelmsen returns three more vessels from cold lay-up
12:08 CMA CGM introduces PSS for cargo from Pakistan to North Europe, Scandinavia, Poland, Adriatic, North Africa, Morocco & the Mediterranean
12:01 Port of Antwerp carries out the first trial for increasing draught on the Western Scheldt river
11:42 Throughput of port Azov in 2M’2021 surged by 68% YoY
11:09 Four companies join forces in HAV Group ASA
10:55 Port of Tallinn comments on the claim filed by Tallink
10:38 Tallink Grupp brings legal action against Port of Tallinn
10:09 Port of Vancouver cargo throughput increased by 1% to 145.5 million metric tonnes in 2020
09:51 Oil shipments via CPC Marine Terminal in 2M’21 fell by 8.4% YoY
09:49 MABUX: Bunker market this morning, Mar 02, 2021
09:34 Oil prices go down in expectation OPEC+ meeting
09:18 Ports of Bremen container throughput down by 1.4 per cent to 51.1 million tons in 2020
09:09 Baltic Dry Index as of March 1
08:00 TORM purchases eight MR product tankers
07:53 Diana Shipping announces time charter contract for m/v Ismene

2021 March 1

17:39 Depth 2021 competition opens in the framework of the International Army Games
17:17 Vitol launches Green LNG offering
16:48 CMA CGM introduces PSS for cargo from/to North Europe to/from the Mediterranean & Black Sea
16:12 World’s largest steel company, China Baowu Steel Group, and Sibanthracite Group become strategic partners
15:34 NUTEP terminal sets new record of container handling
15:30 APM Terminals Kalundborg now operational
15:26 SEACOR Marine signs the Neptune Declaration on Seafarer Wellbeing and Crew Change
15:11 RF Navy’s small missile ship Orekhovo-Zuevo passes the Black Sea straits towards the Mediterranean Sea
13:33 Average spot market price for Russian M100 product climbed to RUB 22,193 pmt
13:12 Port of Antwerp to launch a new shipping guidance system
12:46 MOL to expand sharing of ship operation data
12:37 Finnlines announces bunker surcharge for Malmö-Travemünde-Malmö
11:48 China ports container volume rises 13.2% in January of 2021Ningbo Containerized Freight Index keep rises in February
11:46 Russian Railways' network loading declined by 0.9% in 2M’2021
11:23 Global maritime leaders to exchange ideas at Singapore’s Annual Maritime Public Leaders’ Programme
10:59 Nevskaya Environmental Dredging Company supports 4th International Congress “Hydraulic Engineering Structures and Dredging” as its Sponsor
10:41 New research: unlocking a triple-win for UK ports and shipping
10:25 MABUX: Bunker market this morning, Mar 01, 2021
10:10 Austal Philippines delivers largest high speed ferry constructed in The Philippines
09:28 Week starts with oil prices increase
09:12 Baltic Dry Index as of February 26

2021 February 28

16:13 ADNOC Logistics and Services announces strategic fleet expansion with acquisition of 6 VLCCs
15:41 Deltamarin introduces the new LNG-powered Kielmax Container Feeder design
14:07 USCG Cutter Kimball conducts maritime presence patrol in Pacific
13:29 Solstad announces contract awards in Australia
12:46 Rauma Shipyard restarts production gradually with stricter controls in place
11:03 JAXPORT to host free virtual training event for Northeast Florida small businesses