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  • 2021 March 9 10:08

    MABUX: Bunker market this morning, Mar 09, 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 March 08:

    380 HSFO: USD/MT – 435.00 (+10.05)
    VLSFO: USD/MT – 542.94 (+10.82)
    MGO: USD/MT – 604.90 (+6.85)





     

     

     

     

     

     

     

     

    As of March 8, a correlation of MBP Index (Market Bunker Prices) vs DBP Index (MABUX Digital Benchmark (Digital Bunker Prices)) in four largest global hubs showed that 380 HSFO fuel was underestimated in all selected ports ranging from minus $ 11 (Fujairah and Houston) to minus $ 23 (Singapore) Three ports, according to DBP Index, recorded an underestimation of VLSFO fuel: from minus $ 5 in Rotterdam to minus $ 22 in Singapore. Only in Houston there was registered an overcharge of VLSFO by $ 10. MGO LS remains underpriced in three ports, according to the DBP Index, ranging from minus $ 14 (Fujairah) to minus $ 36 (Rotterdam). The exception continues to be Houston, where MGO LS was overcharged by $ 9.




     

     

     

     

     

     

    World oil indexes fell on March 08 with still some support from U.S. stimulus and an attack on Saudi Arabian oil sites.

    Brent for May settlement dropped by $1.12 to $68.24 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for April delivery decreased by $1.04 to $65.05 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $3.19 to WTI. Gasoil for March delivery lost $1.50 – $546.00.

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

    Prices have been buoyant since the Organization of the Petroleum Exporting Countries, Russia and their oil producing allies, known as OPEC+, agreed last week on broadly sticking with output cuts despite rising crude prices.

    Goldman Sachs raised its Brent forecast for second and third quarter by $5 a barrel after OPEC and its allies kept the deal unchanged and said ‘discipline of shale producers’ is likely behind the group’s slower output increase. The Bank now sees Brent prices at $75 a barrel in second quarter and at $80 a barrel in third quarter of 2021.

    The U.S. Senate passed on March 06 President Joe Biden’s $1.9 trillion COVID-19 relief plan, lifting prospects for the economy and fuel demand that has been pummelled by the pandemic.

    Adding support, Houthi forces in Yemen fired drones and missiles at Saudi Arabia, including a Saudi Aramco facility at Ras Tanura that is vital to petroleum exports. Riyadh said there were no casualties or loss of property.

    We expect global bunker prices may fall today: 380 HSFO – in a range of minus 4-6 USD, VLSFO – minus 5-8 USD, MGO – minus 2-10 USD.

    Source: www.mabux.com




2022 August 9

18:26 Solstad announces contract extension for PSV Normand Searcher
18:06 “K” Line selected as a Constituent of FTSE4Good Index Series and FTSE Blossom Japan Index
17:36 The Valencia Containerised Freight Index rises 2.5% in July
17:16 Port of Ipswich retains its place as the number one export port for agricultural products for 17 years in a row
17:09 LNG retrofits will rate higher under CII than HFO/scrubber or VLSFO alternatives - SEA-LNG
16:58 Nefteflot delivers first two survey ships of Project RDB 66.62 for IWW basins
16:41 MOL marks consecutive listings on FTSE4 Good Index Series and FTSE Blossom Japan Index
16:39 MarineMax to acquire IGY Marinas
16:04 Maersk announces new cold chain facility in South Carolina
15:50 Throughput of Murmansk Sea Fish Port in 7M’2022 rose by 40% YoY to 181 thousand tonnes
15:24 Georgia Ports Authority container volumes up 18 percent to 530,800 TEU in July 2022
15:04 MSC posts India's heavy-lift cargo record with 140-ton transformer
14:33 ONE launches Marine Safety and Quality Campaign 2022
14:13 ICTSI launches suite of digital services with new app
13:41 POT presents optimization model for oil terminal logistics
13:22 AtoB@C Shipping announces keel laying for the second hybrid vessel
13:02 Evergreen Marine obtains double certification for its greenhouse gas emission inventory
12:36 NYK сoncludes сontract for modification of LNG-fueled tugboat to ammonia-fuel specifications
12:15 Container traffic on Russian Railways’ internal network in 7M’2022 rose by 4.6% YoY
11:52 The Australian Maritime Safety Authority releases its Port State Control Annual Report for 2021
11:23 Nonius Engineering succeeds in phasing out of imported equipment in dredging segment
11:04 Incat Crowther announces the successful entry into service of Incat Crowther 30 Indomal Empire
10:41 Rechvodput counts on having 115 industrial ships built for inland water ways by 2030
10:36 New Zealand's South Port contracted Heron to remove fractured rock in the port entrance channel
10:00 Hydrogen engineering center with test field to be established on Sakhalin
09:59 Japan to provide a loan of $306 million to Cambodia for the expansion of a new container terminal at the Sihanoukville Port
09:38 Oil prices climb on global economic recovery
09:19 Russian customs’ payments to RF budget totaled RUB 3.8 trillion in 7M’22, up 9.2% YoY
08:49 MABUX: Global bunker market to stay in standby position with no firm trend on Aug 09

2022 August 8

18:37 Seaway 7 signs Letter of Award to commence early works on Moray West inter-array cables
18:01 Acceptance testing for all three Baltic Pipe compressor stations in Poland is now complete
17:53 First ship with agricultural products from Ukraine arrives at the port of destination
17:36 International Marine Contractors Association issues burial at depth measurement guidance
17:06 Rhine water level falls again in Germany - Reuters
16:57 The number of wagons transported through the Port of Baku increased by 25.8%
16:24 EXMAR sells floating liquefaction unit to Eni
16:12 Ten men arrested for illegal transaction of marine gas oil at the port of Singapore
15:59 Tank container for LNG developed by Uralcryomash
15:46 Strikes announced at port of Felixstowe as company fails to make acceptable pay offer
14:41 LNG bunker prices near record high - Splash
14:23 Completion of ferry for Vanino-Kholmsk line can be postponed to 2023
13:54 Japan's INPEX demands US$970mn in damages from DSME - BusinessKorea
12:56 Port of HaminaKotka cargo turnover in January-July 2022 fell by 2% YoY
12:21 Bahri partners with Aventra Group
12:17 VSC commences handling new regular container service operated by SITC to S. Korea, China and Vietnam
11:44 NYK to build its fourth LPG dual-fuel very large LPG / NH3 carrier
10:58 Russian President bans unfriendly countries from transactions involving shares in hydrocarbon projects
10:41 Japan companies to establish Maritime and Ocean Digital Engineering Cooperation Program at the University of Tokyo
10:04 Geoizol wins tender for construction of infrastructure at Pionersky passenger terminal
09:16 Crude oil futures rise after a fall on August 5
08:57 MABUX: No firm trend in Global bunker market on Aug 08

2022 August 7

15:13 BPA calls for companies to join the Busan Port Overseas Market Expansion Project 2022
14:27 Wan Hai Lines holds online ship naming ceremony for new vessels
11:53 Keppel announces termination of contracts
09:49 INEOS at Grangemouth backs bid for Forth Green Freeport

2022 August 6

14:36 Announcement on execution of agreement regarding establishment of JVC with TOYO
12:31 Borr receives LOI for jack-up drilling rig
10:23 RightShip to acquire  Thynk Software’s maritime tech business

2022 August 5

18:27 Carnival Corporation upgrades global fleet with fuel- and energy-saving technology
18:07 Yilport breaks all-time container handling record in H1 2022