• 2021 April 15 15:08

    Bunker Weekly Outlook, Week 14, 2021

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

    MABUX World Bunker Index decreased during the week. The 380 HSFO index has decreased from 407.92 USD/MT to 420.77 USD/ MT (+12.85 USD), VLSFO has added 15.16 USD: from 497.76 USD/MT up to 512.92 USD/MT. MGO LS increased by 12.34 USD from 572.70 USD/MT to 585.04 USD/MT.




     

     

     

     

     

     

     

     

    The Global Scrubber Spread (SS) – the difference in price between 380 HSFO and VLSFO –increased during the week and averaged 91.79 USD (87.54 USD last week).

    SS Spread in Rotterdam has decreased during the week from 102.00 USD up to 100.00 USD (-2.00 USD), the average SS spread for the week has increased by 6.66 USD from 96.67 last week to 103.33 USD. In Singapore, SS Spread has also slightly decreased during the week - by 3.00 USD: from 115.00 USD to 112.00 USD, while the average weekly SS index rose by 7.33 USD: from 108.17 USD last week to 115.50 USD.



     

     

     

     

     

     

     

     

     

    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 remain undervalued in three selected ports in a range from minus 2USD (Houston) to minus 38USD (Singapore). This kind of fuel is overcharged in Fujairah by 5USD. VLSFO according to DBP Index, is undervalued in a range from minus 7 USD (Rotterdam) to minus 20 USD (Singapore, Fujairah) in all selected ports except of Houston, where it is overpriced by +32 USD. MGO LS was also overvalued in Fujairah (+12USD) and Houston (+9USD). In Rotterdam and Singapore this type of fuel remained underpriced by minus 39USD and minus 40USD respectively.

     

     

     

     

    About 4.20 million metric tonnes (MT) of marine fuel were sold last month at the port of Singapore, that is 2.8% down from the 4.32 million MT recorded a year ago. However, last month’s total represented a 1.9% increase on the 4.12 million mt of marine fuel sales recorded at the global bunker hub in February 2021. A total of 12,822,400 mt of marine fuel was sold during the first three months of 2021. In contrast, during the same period in 2020, the Maritime and Port Authority of Singapore recorded 12,716,700 mt of bunker sales.

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Monjasa declared that the company sold 4.9 million MT of bunker fuel in 2020 in spite of a global market contraction due to the pandemic, with volumes in its Southeast Asian business surging by 80%. According to Monjasa’s Annual Report for 2020, in spite of the supply chain dislocation caused by the pandemic and the resulting decline in bunker demand, the company posted an increase in volumes every month last year compared to 2019 levels. The company highlighted notable volume increases in the Americas and Southeast Asia. With high activity levels at the Panama Canal and across the US, the company’s Americas’ business recorded a 22% quantity hike, reaching a total volume of 1.4 million mt for the year.

    Source: www.mabux.com




2021 May 9

10:49 ClassNK issues AiP for Kawasaki hydrogen carrier cargo containment system
09:10 IAA PortNews' congratulations on Victory Day!

2021 May 8

17:09 Kalmar and BTP strengthen long-standing collaboration with new order for Kalmar Ottawa T7 terminal tractors in Brazil
16:17 Sweden’s first inland shipping shuttle service introduced between Stockholm Norvik and Port of Västerås
15:39 Cameroonian port orders two Konecranes Gottwald Mobile Harbor Cranes to raise productivity and handling capacity
15:26 IMO meeting to focus on containers lost at sea
14:48 ABP invests £140K to enhance facilities at Port of Troon
14:27 SEA-LNG members the Port of Corpus Christi Authority and Stabilis Solutions partner to construct LNG fueling infrastructure for marine vessels
13:22 Passed with flying colours: Formosa 2 project team in Taiwan
13:06 Start-up of Alfa Laval PureBallast 3 production in Qingdao will strengthen ties with Asian shipyards
12:47 CDWE signs Exclusivity Capacity Agreement with CSBC for pin piles for the Hai Long offshore wind farm
12:43 LNG will play key role in industry’s decarbonization ambitions, suggests ABS survey
11:36 Shipping unites to create $1M target emergency relief fund in response to COVID-19 seafarer crisis
10:12 Ports prepare for digital revolution: report examining connectivity at UK's economic gateways
08:49 FueLNG completes Singapore’s first ship-to-ship bunkering of an LNG-fuelled oil tanker

2021 May 7

17:18 HyTrucks consortium aims to have 300 hydrogen-powered trucks on the road in Belgium by 2025
16:34 Fairway adjustment on the Lower and Outer Elbe – start of two-stage release of increased drafts
15:17 thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains
14:54 Sustainable solutions for shipping: Rolls-Royce launches the first mtu Marine Summit
14:08 LR innovates lifecycle approach in oil and gas subsurface software
12:43 Taranto Cruise Port welcomes its first cruise ship
11:09 Castor Maritime buys a Kamsarmax dry bulk carrier
10:38 LR certification for one of Europe’s biggest windfarms

2021 May 6

16:17 Puget LNG and GAC Bunker Fuels join forces to supply LNG marine fuel by barge from the Port of Tacoma
15:53 Bunker Weekly Outlook, Week 18, 2021
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14:41 Damen launches Crane Barge in Yichang
14:32 Uni-Tankers invests heavily in intelligent engine management
14:29 Port of Corpus Christi Authority and Stabilis Solutions partner to construct LNG fueling Infrastructure for marine vessels
13:19 Continued growth, high profit and additional share buy backs from A.P. Moller - Maersk in Q1 2021
12:09 Mammoet on the company’s focus on projects for the renewables sector
11:42 CDC released guidance for cruise ships to undertake simulated voyages with volunteer passengers
10:57 Castor Maritime announces the en bloc acquisition of a tanke fleet consisting of 5 vessels

2021 May 5

15:33 Gibbs & Cox awarded $20M contract from Naval Surface Warfare Center, Philadelphia Division
14:18 Velesto Energy reports an incident with its rig VELESTO NAGA 7 at off the coast of Sarawak
13:41 Eastern Pacific Shipping and Rio Tinto enter charter for up to six dual-fuel LNG dry bulk carriers
12:48 New LNG bunkering barge from Titan LNG to supply Zeebrugge and English Channel regions
11:07 DNV awards AiP for new LNG fuel tank insulation with leak detection system

2021 May 4

17:24 SteelCoast’s growing momentum delivers gains
16:47 MPA announces full resumption of operations at the Port of Montreal and an end to the uncertainty
15:41 NAB strengthens long-term sustainability for Port of Newcastle landmark loan
15:21 MarineMax acquires KCS International, Inc. (Cruisers Yachts)
14:36 Tidal Channel into Bahia Grande closed until fall for $5M ecological restoration
13:47 USCG suspends response to overturned boat near Point Loma
12:38 BunkerMetric strengthens bunkering decision tool with wealth of Inchcape port call data
11:56 Government and business heads determine future of hydrogen at Ocean Now
11:04 Fednav welcomes the MV Arvik I - its newest icebreaking bulk carrier

2021 May 3

17:29 Total realizes France's first ship-to-containership LNG bunkering operation, after inaugural loading at Dunkirk LNG terminal
16:08 A-Navigation should be affordable and feasible for shipping companies – MARINET
15:36 IMO representatives consider Russian concept on a-Navigation convoy promising
15:18 Marlink Group closes the transaction on ITC Global
14:27 The U.S. Coast Guard suspends search for person in the water near Matagorda, Texas
13:48 A-Navigation will open up new opportunities for women involved in shipping activities
13:18 Carnival Breeze, Carnival Vista arrive in Galveston in advance of cruise rally at Port tomorrow
12:57 NTSB says maintenance error caused $2.2M marine accident with Canadian-flagged ship
12:43 Costa Cruises restarts from Savona with the flagship Costa Smeralda
12:07 Russia welcomes to benefit from its competences in Autonomous navigation safety
11:11 USCG searches for person in the water near Matagorda, Texas

2021 May 2

17:03 TNS Logistics relocates to Port of Brisbane
15:21 PSA Marine: Fueling connectivity with ONEHANDSHAKE™