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  • Bunker Weekly Outlook, Week 10, 2021
  • 2021 March 11 16:43

    Bunker Weekly Outlook, Week 10, 2021

    The Bunker Weekly Outlook was contributed by Marine Bunker Exchange (MABUX)

    MABUX World Bunker Index is back to firm uptrend after a slight decline a week earlier. The 380 HSFO Index has risen by 18.35 USD: from 411.95 USD/MT to 430.30 USD/MT. VLSFO Index has increased by 17.45 USD: from 516.90 USD/MT to 534.35 USD/MT, while MGO Index also has added 18.58 USD from 582.23 USD/MT to 600.81 USD/MT. The Global Scrubber Spread (SS) - the difference in price between 380 HSFO and VLSFO - has not had any significant changes during the week and averaged 105.65 USD (105.27 USD last week).










    SS Spread in Rotterdam has shown a slight increase during the week from 101.00 USD to 106 USD (+5.00 USD), however the average SS spread for the week decreased by 2.50 USD from 104.50 USD last week to 102.00 USD. In Singapore, the SS has shown further narrowing of the difference between 380 HSFO and VLSFO by USD 6.00: from USD 116.00 to USD 110.00, while the average weekly SS index has decreased by USD 10.84: from 124.17 USD last week to 113.33 USD. In general, the SS spread values have now stabilized at levels close to USD 100.











    Correlation of MBP Index (Market Bunker Prices) vs DBP Index (MABUX Digital Benchmark) in the four global largest hubs during the past week showed that 380 HSFO, VLSFO and MGO LS were undervalued in three of four selected ports. According to DBP Index, 380 HSFO was undercharged on average from minus $ 8 in Fujairah to minus $ 21 in Singapore. VLSFO fuel, which a few weeks ago was consistently overvalued in all ports, according to DBP Index, now records an underestimation from minus $ 2 in Rotterdam to minus $ 13 in Singapore. MGO LS was also underpriced, ranging from minus $ 17 in Fujairah to minus $ 37 in Singapore. In Houston, there was a 100% correlation of MBP vs DBP indices registered for 380 HSFO fuel grade, while VLSFO and MGO LS were overpriced by plus $ 17 and plus $ 18 dollars, respectively.





    A new study of marine shipping traffic on Canada’s Pacific Coast has highlighted the environmental impact of vessels diverting to avoid sulphur emission control areas (SECA) to save on fuel costs. Comparing the snapshots of traffic from 2014 – a year prior to the introduction of the 0.10% sulphur cap - and 2016 show that even by 2014 some ships had begun to use the longer route that minimised the time spent burning low-sulphur fuel. The added distance, multiplied by the number of cargo ships travelling this path in 2016 and the extra fuel they burned, generated 24 kilotonnes CO2eq of greenhouse gas emissions, or the equivalent of 5,161 cars on the road per year – an unintended consequence of the implementation of air pollution regulations.

    Source: www.mabux.com

2021 October 28

17:58 Frigate Admiral Grigorovich of RF Navy's Black Sea Fleet makes planned transition to far sea zone
17:29 MYCRANE signs MoU with Swiss-based EPCM, PESCO Switzerland AG
17:00 Tersan shipyard (Turkey) hosted flag-raising ceremony for trawler built for Russian customer
16:21 Viking Line provides the best customer experience in the tourism industry
16:12 China ports container volume rises 9.5% from January to September 2021, NCFI slight decrease in October
16:09 OOS Group introduces the SMF
15:46 Shipbuilding Complex “Zvezda” to allocate RUB 2.95 billion for construction of dry dock and outfitting workshops
15:23 Methanex and MOL finalize definitive agreements for a strategic shipping partnership
14:51 Demonstration project begins for commercialization of vessels equipped with domestically produced ammonia-fueled engine
14:29 Top management change in Eidesvik Offshore ASA
14:11 MABUX: Bunker Weekly Outlook, Week 43, 2021
13:54 San Pedro Bay ports announce new measure to clear cargo
13:40 RF Transport Minisry to consider discounts for LNG-powered ships in Far East ports upon request from business
13:29 IMO-Singapore maritime Single Window Project picks Angola port
12:52 Finnlines increases capacity between Finland and Sweden in January 2022
12:24 Ro-Ro/Passenger ferry Baltic Princess returned to Turku – Stockholm route following her DD at Turku Ship Repair Yard
11:38 Tallink Grupp reports the first quarterly profit since the start of the COVID pandemic
11:15 First vessel sails into Lumsden Point
10:53 Sovcomflot expects full-scale competition of ammonia, hydrogen and methanol with LNG not earlier than in 4-8 years
10:11 MABUX: Bunker prices may decline on Oct 28
10:07 ABS My Digital Fleet™ expands maritime IoT capabilities with the PI System from AVEVA
09:49 Net profit of PAO NOVATEK for 9M’2021 increased 11.5 times
09:30 Oil prices continue decreasing
09:14 Baltic Dry Index as of October 27
09:03 ‘Shanghai-Express’ reaches Port of Hamburg
08:56 NEDO selects Methane Slip Reduction Project for next generation ship development

2021 October 27

18:22 IMC Shipping appoints Mingfa Liu as managing director for ship services
18:07 TotalEnergies and MOL hold naming ceremony of France’s first LNG bunker vessel
17:51 Damen built LNG bunkering vessel enters service in the Gulf of Finland
17:42 Rosmorport takes delivery of LNG-powered Ro-Ro ship Marshal Rokossovsky
17:40 DEME Offshore installs final foundation at Hornsea Two offshore wind farm
17:34 Port of Zeebrugge posts a strong growth in nine months of 2021
15:40 Dublin Port volumes down by 3.3% after nine months of 2021
14:33 IMO considers midterm-measures for GHG reduction from ships
14:12 BIO-UV Group adds 3d scanning to turnkey BIO-SEA BWTS retrofit services
13:50 Ocean Yield agrees to invest in six VLCCs with 10-year bareboat charters to International Seaways
13:02 WinGD invests in training as gas-fuelled fleet grows
12:52 Vyborg Shipyard contracted to build an 18 MW icebreaker for Rosmorport
12:38 Zero emissions by 2050 is not enough for most developed countries if planetary warming is to be limited to 1.5 degrees - DNV
12:37 The LNG Fleet, LNG Bunkering and Other Alternatives Conference kicks off in Moscow
12:06 FESCO to supply Indian stations in Antarctica for another 5 years
11:51 Constructora Vale Verde places a repeat order for a cutter suction dredger with Damen Shipyards
11:19 MarineMax reports record fourth quarter and fiscal year results
11:18 FSRU Marshal Vasilevskiy completes maiden voyage with LNG cargo on the Northern Sea Route
10:09 Siemens Gamesa solidifies offshore presence in U.S. with Virginia blade facility
09:55 MABUX: No firm trend on Bunker market on Oct 27
09:33 Baltic Dry Index as of Oct 26
09:25 Aquadrill announces sale of a semisubmersible drilling unit
08:57 Oil prices edge lower

2021 October 26

18:06 FarSounder and NAVTOR announce a new partnership
17:49 Russian State Duma approves a bill on wrecks removal in the first reading
17:36 FuelEU can do more for the decarbonisation of shipping – World Shipping Council
17:08 First global hydrographic innovation and technology laboratory established in Singapore
16:31 BIO-UV Group adds 3D scanning to turnkey BIO-SEA BWTS retrofit services
16:24 Wärtsilä commits to carbon neutrality by 2030
16:05 CSL Americas takes delivery of second converted self-unloading ship
15:27 Damen Maaskant Shipyards Stellendam delivers 38-metre Beam Trawler to Rederij Long Ships
15:17 Vard Electro dual-battery pack to reduce emissions for Siem Offshore subsea vessel
15:01 Baltic Shipyard marks successful loading of shield tank duo onto the 22220 nuclear icebreaker Yakutia
14:13 BW Energy signs an agreement for the acquisition of semi-submersible drilling rig for the Kudu development