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  • 2021 March 25 17:26

    Bunker Weekly Outlook, Week 12, 2021

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

    In the first quarter 2021, global bunker prices demonstrated firm upward evolution: the growth of MABUX HSFO 380 Global Index averaged plus 59.94 USD/MT, MABUX VLSFO Global Index - plus 67.80 USD/MT and MABUX MGO Global Index - plus 84.50 USD / MT.











    Global MABUX SS spread (the difference in price between 380 HSFO and VLSFO) in 1Q 2021 showed a steady recovery to the levels of the beginning of 2020 and averaged 99.62 USD versus 53.49 USD in 3Q 2020 and 62.35 USD in 4Q 2020. The steady widening of the SS spread has brought back the relevance of scrubbers’ solution, especially in the segment of large-capacity vessels.










    As for the week 12, MABUX World Bunker Index has turned into a firm downward movement, following the correction trend on the global oil market. 380 HSFO index fell by 15.70 USD: from 426.52 USD/MT to 410.82 USD/MT, VLSFO Index decreased by 23.62 USD: from 530.76 USD/MT to 507.14 USD/MT, while MGO Index lost 20.42 USD (from 605.88 USD/MT to 585.46 USD/MT). The Global Scrubber Spread (SS) also showed a moderate decline and dropped below the $ 100 mark again: 98.79 USD versus 104.27 USD last week.










    SS spread in Rotterdam continued narrowing during the week, this time from 91.00 USD to 88.00 USD, however, the average SS spread decreased more significantly: by 8.50 USD from 99.33 USD last week to 90.83 USD. In Singapore, the SS index also showed a further reduction of price difference between 380 HSFO and VLSFO by USD 18.00: from USD 109.00 to USD 91.00, while the average SS index dropped by USD 12.83: from 112, 00 USD last week to 99.17 USD. Despite the fact that SS spread index in two biggest hubs is below the $ 100 mark at the moment, this is most likely a temporary phenomenon linked to the correction on the global fuel market, and SS spread still has growth potential.











    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 fuel was underсharged in three selected ports ranging from minus $ 2 (Fujairah) to minus $ 19 (Rotterdam). In Houston, there was a 100-percent correlation between the MBP and DBP Indexes. DBP Index also registered an underpricing of VLSFO in two of the four selected ports: Rotterdam - minus $ 9 and Singapore - minus $ 21. Fujairah and Houston recorded an average overcharging of VLSFO by $ 11 and by $ 27, respectively. MGO LS, according to DBP Index, was undervalued in Rotterdam (minus $ 43) and Singapore (minus $ 40). In Fujairah and Houston, this type of fuel was overpriced by $ 4 and $ 23, respectively.




    Samples tested by FOBAS in recent weeks in ARA have shown Total Sediment Potential (TSP) results exceeding the 0.1% m/m ISO 8217 specification limit. According to FOBAS, the TSP results ranged up to 0.35% m/m. The fuel testing agency highlighted that fuels with high sediments can result in excessive sludge deposition in tanks and throughout the handling and treatment/fuel injection systems.

    Source: www.mabux.com

2021 October 21

17:31 HELCOM adopts the updated Baltic Sea Action Plan, charting a way forward for a healthy Baltic Sea
17:16 DP World launches CARGOES Logistics
16:30 Proman and Stena jointly develop methanol as the pathway to sustainable shipping
16:14 APM Terminals and ZPMC enter into strategic alliance
15:33 MPC Container Ships ASA secures new financing facility, agrees on sale of six vessels and provides update on charter fixtures
15:32 Okskaya Shipyard lays down lead ship of Project RSD71 for Volga Shipping Company
15:03 NYK and Japan Marine Science to introduce and promote new mooring system to Japan ports together with Trelleborg Marine Systems
14:45 MABUX: Bunker Weekly Outlook, Week 42, 2021
14:03 NYK delivers new LNG carrier LNG Endeavour to TotalEnergies
13:49 Global Ports Investments published its Q3 and 9m 2021 operational results
13:28 Seaspan Ferries to reduce greenhouse gas emissions through using carbon-neutral Renewable Natural Gas in LNG-powered vessels
13:18 Consolidated cargo turnover of NCSP Group for 8M 2021, year-over-year
12:34 Dmitry Pankov appointed as new CEO of Management Company Delo
12:11 Port of Los Angeles cargo volume exceeds 903,000 TEUs in September 2021
11:53 Hydrographic Company installs first buoys with AIS receivers on the Northern Sea Route
11:32 Challenges and optimism: Mixed views from ports industry on business outlook
11:09 DP World is officially named Port Operator of the Year at 2021 Multimodal Award
10:39 Yara Marine’s FuelOpt offers IMO EEXI compliant Shaft Power Limitation solution
10:08 The Ocean Cleanup starts removal of plastic from Great Pacific Garbage Patch with System 002
09:52 MABUX: Bunker prices may demonstrate slight upward changes on Oct 21
09:50 Contract signed for Phase 2 of the Bagayevsky hydrosystem construction project
09:35 Crude oil market sees downward price correction
09:18 LR Digital Twin approval for Samsung Heavy Industries
09:09 Baltic Dry Index as of October 20
08:01 Aker Solutions wins FEED for Wisting FPSO

2021 October 20

18:51 Intellian and Inmarsat launch industry’s newest FleetBroadband terminals
18:31 Oceangate’s 2021 titanic survey expedition connected by Inmarsat satellite communications
18:11 P&O Ferries launches comprehensive Customs Clearance Service
17:46 Kongsberg launches new Kognifai Marketplace
17:06 Rolls-Royce plans to partner the Indian Navy for its ‘Fleet of the Future’
16:35 MAN Energy Solutions signs MoU with Mitsui E&S and Mitsui O.S.K.
16:23 “K” LINE successfully separates and captures CO2 from exhaust gas in world’s first CO2 capture plant on vessel
16:02 Seanergy Maritime announces acquisition of its 17th Capesize vessel
15:44 Rates for container transportation expected to decrease in 2022
15:25 ENI and Fincantieri sign an agreement for initiatives to support the energy transition
15:02 Wärtsilä and Solvang to collaborate on retrofitting carbon capture and storage system on Clipper Eos
14:20 Port of Rotterdam appoints Allard Castelein for a third term
13:52 Kawasaki Heavy Industries announces delivery of bulk carrier BBG GUILIN
13:20 Port of Oakland sees no backlog on docks, calls for cargo
12:52 Japanese company Kubota chooses port of Rotterdam for Northern European distribution
12:39 Crowley participates in Saildrone Inc’s $100M Series C round to advance ocean intelligence products
12:02 Global Ports terminal In Helsinki increases number of container services
11:54 Port Houston container volumes up 11% to 281,500 TEUs in September 2021
11:40 Sibanthracite Group acknowledged as best supplier of coal to China for second consecutive year
11:16 MPA and DMU signed MoU to drive talent and academic exchange in the maritime sector
10:51 Mitsubishi Shipbuilding successfully separates and captures CO2 from exhaust gas in world’s first marine-based CO2 capture system project
10:28 Modernization of border checkpoint completed in Kavkaz seaport
10:06 RF President gives instructions on permanent environmental monitoring in areas of handling dry bulk cargo and cargo emitting dust
09:45 MABUX: No firm price trend on Bunker market on Oct 20
09:35 Crude oil prices decrease on US reserves growth
09:19 Baltic Dry Index as of October 19

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