• Home
  • News
  • MABUX: Bunker market this morning, Mar 18, 2021
  • 2021 March 18 09:21

    MABUX: Bunker market this morning, Mar 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 Gasoil) in the main world hubs) demonstrated slight downward changes on March 17:

    HSFO: USD/MT – 431.60 (-1.77)
    VLSFO: USD/MT – 535.52 (-1.28)
    MGO: USD/MT – 606.21 (-1.06)






     

     

     

     

     

     

     

     

     

    Correlation between the Market Bunker Price Index (MBP) vs MABUX Digital Bunker Price Index (DBP) in four major hubs on Mar.17 remained undercharging of 380 HSFO bunker grades in all selected ports in a range from minus 5 USD (Houston) to minus 24 USD (Rotterdam). VLSFO is undercharged in Rotterdam (-18USD) and Singapore (-29USD) and overcharged in Fujairah (+9USD) and Houston (+18USD). MGO LS is also undervalued in Rotterdam (-38USD) and Singapore (-36USD) while it is overcharged in Fujairah (+10USD) and Houston (+14 USD).




     

     

     

     

     

    Meantime, world oil indexes decreased on March 17.

    Brent for May settlement decreased by $0.39 to $68.00 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for April fell by $0.20 to $64.60 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $3.40 to WTI. Gasoil for April delivery lost $6.25.

    Today oil indexes continue to slide down after the International Energy Agency (IEA) said it will take at least another two years for global demand to return to pre-pandemic levels and official data showed a rise in U.S. crude and fuel inventories

    In its monthly report, the IEA said inventories still looked ample despite producer alliance OPEC+ withholding between 8 million and 9 million barrels per day (bpd). The Agency said it could take another two years or more for the market to realize pre-pandemic demand could bring some pressure at least on prices. At the same time, the U.S. Energy Information Administration (EIA), reported that crude inventories increased 2.396 million barrels last week, compared with expectations for a build of 2.96 million barrels. On the production front, the EIA retained a daily estimated output of 10.9 million barrels for last week, after the previous week’s drop to 10 million. That suggested that drilling for oil has normalized from the Texas disruptions and refining activity was returning to normal.

    A number of European countries have halted use of AstraZeneca's COVID-19 vaccine because of concerns about possible side effects. Germany is also seeing a rise in coronavirus cases, while Italy plans a national lockdown for Easter land France will introduce tougher restrictions. That also puts some pressure on oil indexes.

    We expect bunker prices may continue downward changes today. Prices for 380 HSFO may decrease by 1-3 USD, prices for MGO may decline by 5-8 USD.




2021 October 19

18:24 Ocean Yield ASA sells two LR2 tankers
17:44 Klaveness Combination Carriers sells a 21-years old CABU vessel
17:22 Oboronlogistics delivers cargo for the construction of a cultural cluster in Kaliningrad
16:58 North Sea Port, Zeeland Regional Safety Board and Central Fire Response Zone join forces for cross-border incident response in the port area
16:35 European shipowners support the uptake of clean fuels but fear FuelEU may become missed opportunity due to enforcement loopholes - ECSA
16:20 9M’2020 throughput of Taganrog Sea Commercial Port grew by 6% Y-o-Y
16:05 Fuelling the Industry: LNG as a fuel and its infrastructure at the 8th International Congress
16:04 Empire Offshore Wind selects Vestas as its preferred supplier for wind turbine generators for Empire Wind I and Empire Wind II
15:41 The decarbonization strategy likely is now the best business strategy for shipowners - ABS
15:13 Bollinger celebrates commissioning of 45th Fast Response Cutter USCGC Emlen Tunnel
14:51 RF Government and Rosatom instructed to organize regular transportation of transit cargo by NSR
14:30 Port of Rotterdam throughput rises substantially again in Q3 2021
14:03 Valenciaport throughput up 8.33% to 63.46 mln tonnes in Jan-Sept 2021
14:02 Ice restrictions in Port of Sabetta basin to be effective as of Oct 25
13:39 TGE Marine announces the successful gas trail of LNG bunker vessel ´Dmitry Mendeleev´
13:08 Port of Antwerp throughput up by 4.8% to 179.1% mln tonnes in Jan-Sept 2021
12:54 Cargo traffic via Khabarovsk Territory ports rose by 3% in 9M’21
12:33 Vitol’s V-Bunkers receives green ship awards from Maritime Port Authority of Singapore
12:15 The Methanol Institute welcomes the European Union’s package of proposals Fit for 55
11:36 Volga Shipping announces completion of three tankers conversion project
10:46 MABUX: Bunker prices may demonstrate multidirectional changes on Oct 19
10:11 Russian Gas Society supports 5th LNG Fleet, LNG Bunkering and Alternatives conference
10:09 Berenberg expands debt fund portfolio with two new multi-investor funds
09:46 Baltic Dry Index as of October 18
09:25 Crude oil prices rise on crisis anticipation
09:13 Roxtec selects Sustainable Marine Fuels

2021 October 18

18:07 OneOcean Group brings voyage optimisation solutions to Marlink Partner Programme
17:53 NOVATEK held its first Arctic LNG Projects Shipowners Conference
17:49 MOL tabletop drill prepares for serious marine accident
17:29 Over 40 ships and boats of RF Navy's Black Sea Fleet took part in large-scale exercise at Opuk training ground in Crimea
16:52 Icebreaker Kapitan Khlebnikov to help deliver new components for the Vostok Station in the Antarctic
16:16 Throughput of Russian seaports in 9M’2021 climbed by 1.7% (detalization)
15:48 Four industry focused educational institutions to take part in 5th LNG Fleet, LNG Bunkering and Alternatives conference
15:25 Baltiysky Zavod shipyard casts forth one-piece propeller for Project MR-50 product tanker
15:03 Nemport orders fleet of Konecranes Noell RTGs
14:13 Average spot market price for Russian M100 product rose to RUB 29,186 pmt
13:51 MOL, MAN ES and MES-M sign MoU aiming to order ammonia fueled main engine for ships
13:42 National Chamber of Engineers supports 5th LNG Fleet, LNG Bunkering and Alternatives conference as its Media Partner
13:00 Port of Ventspils throughput in January-September 2021 fell by 14% YoY
12:40 The Port of València will install a hydrogen supply station in January
12:36 Port of Helsinki throughput in January-September 2021 rose by 7.9% YoY
12:14 Port of HaminaKotka cargo turnover in 9M’2021 fell by 2.1%
11:29 Container throughput of Hong Kong port (China) in January-September 2021 rose by 0.1%
10:57 APM Terminals appoints new Head of Decarbonisation
10:48 Port of Liepaja throughput in 9M’2021 climbed by 8% Y-o-Y
10:25 Global Ports’ Consolidated Marine Container Throughput increased by 4.0% y-o-y in 9m 2021
09:53 MABUX: Bunker prices may rise on Oct 18
09:46 Northern Sea Route cargo traffic rose by 4.5%
09:29 Crude oil prices rise driven by roaring demand
09:13 Baltic Dry Index as of October 15

2021 October 17

16:28 Revenue Cutter Bear located, ending decades-long mystery
15:19 Port Everglades new Heron Garage touts solar power, moving walkway
14:38 JAXPORT welcomes passenger vessel Ocean Explorer for port-of-call visit
13:27 Canadian fishing company chooses Skipsteknisk design
12:11 Mayflower Wind signs agreement with Gladding-Hearn for design/build of hybrid electric offshore wind crew transfer vessel
11:03 USCG commissions fast response cutter Emlen Tunnell

2021 October 16

12:38 MYCRANE signs MoU with Swiss-based EPCM, PESCO Switzerland AG
10:19 Star Pride delivered at the Fincantieri shipyard in Palermo
09:37 Three zero-emission harbour tugs mark Corvus Energy’s 500th project order
08:16 Rolls-Royce launches mtu hydrogen solutions for power generation