• 2021 April 22 15:41

    Bunker Weekly Outlook, Week 16, 2021

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

    During Week 16, MABUX World Bunker Index continued slight downward movement following general trends on global crude oil market. 380 HSFO index fell by 1.71 USD: from 420.45 USD/MT to 418.74 USD/MT, VLSFO Index decreased by 5.45 USD: from 512.44 USD/MT to 506.99 USD/MT, while MGO Index lost 3.98 USD (from 584.61 USD/MT to 580.63 USD/MT). The average value of the Global Scrubber Spread (SS) (the difference in price between 380HSFO and VLSFO) changed slightly and stays well below the $ 100 mark: 91.11 USD (versus 91.79 USD last week).

    The global SS spread in the first four months of 2021 showed a steady recovery to the levels of early 2020, the pace of which, however, slowed somewhat in April. As a result, as of April 20, the global SS index rose from 85.64 USD (dd.01.01.2021) to 92.07 USD, remaining below the psychological mark of 100 USD since the end of March. The SS spread in Singapore increased in the same period from USD 91 to USD 112, and in Rotterdam - from USD 69 to USD 100. Meantime, at the end of March, both ports also recorded a drop of SS spread below 100 USD. Forecasts for a more significant increase of SS spread up to 130-150 USD in the first half of 2021 have not yet come true, which slows down the plans for the installation and use of scrubbers globally. More details are available from new MABUX Differential Section on www.mabux.com

    Correlation of MBP Index (Market Bunker Prices) vs DBP Index (MABUX Digital Benchmark) in the four global largest hubs showed this week that 380 HSFO fuel was undercharged in all four selected ports ranging from minus 5 USD (Fujairah) to minus 33 USD (Singapore) unlike last week, where Fujairah recorded an overcharge by plus 5 USD.

    The situation with VLSFO bunker prices, according to MABUX DBP Index, practically did not change: underpricing in Rotterdam by minus 8 USD, in Fujairah - by minus 23 USD, in Singapore - by minus 25 USD. In Houston, VLSFO remains overcharged by plus 18 USD (versus plus 32 USD last week).

    MGO LS was underpriced in Rotterdam (minus 36 USD) and Singapore (minus 42 USD). In Fujairah, the DBP Index also recorded an undercharge by minus 15 USD versus a week earlier (an overcharge by plus 12 USD). In Houston, this type of fuel was overvalued by 6 USD.

    Industry coalition SEA-LNG says the World Bank’s recommendation to avoid investing in LNG bunkering infrastructure risks slowing down the shipping industry’s transition to decarbonization. A report published by the World Bank found that LNG is likely to play a ‘limited role’ in the decarbonization of the shipping sector, noting its specific niche applications on pre-existing routes or in specific vessel types. In a response, SEA-LNG said the report ‘attempts to prescribe solutions’ and ‘predict the timing’ of future technology development.

    Source: www.mabux.com

2021 May 8

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
15:41 Supply chain resilience solution: first supply-R pilot project completed with Shell
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™
14:18 Port Houston posts largest monthly container volume
13:44 Eidesvik announces sale of supply vessel Viking Athene
12:33 USCGC Hamilton conducts operations with Turkish navy
11:02 Port Canaveral first port in U.S. to support COVID-19 vaccinations for seafarers
10:53 Creek restoration partnership kicks off to improve waterway health
10:21 Port of San Diego to double shore power at cruise terminals
09:58 St. Tammany Corporation and Port NOLA sign MOU to attract manufacturing and distribution centers to the region

2021 May 1

16:18 CARGOES TOS+ (ZODIAC) completes “go-live” within 8 weeks at DP World Luanda terminal
15:12 GeTS Asia Pte Ltd receives SBR's Tech Award for Logistics
14:31 Höegh Autoliners set to launch the most environmentally friendly car carrier ever built
13:28 Puerto Rico Ports Authority and JAXPORT affirm longstanding partnership
13:14 Bergen Tankers put into service its LNG bunker vessel
12:29 Acergy Viking gets hybrid propulsion