• 2021 May 13 15:13

  Bunker Weekly Outlook, Week 19, 2021

  The Weekly Outlook was contributed by Marine Bunker Exchange (MABUX)
  
  During Week 19, MABUX World Bunker Index was rather steady with no any drastic changes in values. 380 HSFO index rose by only 0.37 USD: from 432.74 USD/MT to 433.11 USD/MT, VLSFO Index increased by 3.57 USD: from 528.43 USD/MT to 532.00 USD/MT, while MGO Index gained 8.56 USD (from 610.30 USD/MT to 618.86 USD/MT).
  
  
  
  
  

  The MABUX ARA LNG Bunker Index, available from April 29, 2021 and calculated as an average price of LNG as marine fuel in the ARA region, rose on Week 19 and showed weekly average 565.84 USD / MT (+ 41.70 USD). LNG Bunker Price Indices in major European ports and Regions, Gas Futures for TTF, NBP and Henry Hub, LNG Bunker Market news and more are available in new MABUX LNG Bunker Section on www.mabux.com
  
  The average Global Scrubber Spread (SS) – the difference in price between 380 HSFO and VLSFO – widened slightly to 97.95 USD (versus 96.78 USD last week, plus 1.16 USD) and came much closer to 100 USD key point. SS Spread in Rotterdam has widened during the week (plus 4.17 USD) and now its average mark is staying well above 100 USD level (105.00 USD versus 100.83 last week). In Singapore, SS Spread has lost 1.00 USD: from 112.83 USD to 111.83 USD. More details are available in new MABUX Differential Section on www.mabux.com.
  
  
  
  
  
  

  Correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (MABUX Digital Benchmark) in the four global largest hubs showed this week that 380 HSFO fuel was still undercharged in all four selected ports ranging from minus 3 USD at Houston (vs minus 6 USD a week before) and minus14 USD at Fujairah (vs minus 7 USD) up to minus 30 USD in Rotterdam (vs minus 26 USD) and minus 40 USD in Singapore (vs minus 38 USD). The margin of the underestimation has not had any drastic changes.
  
  The situation with VLSFO bunker prices, according to MABUX DBP Index, practically has not changed as well: underpricing in Rotterdam by minus 18 USD (vs minus 15 USD), in Fujairah - by minus 37 USD (vs minus 28 USD), in Singapore - by minus 36 USD (vs minus 33 USD). In Houston, VLSFO remained overcharged by plus 6 USD (versus plus 2 USD last week).
  
  MABUX DBP Index also registered undercharge of MGO LS in all selected ports ranging from minus 25 USD in Houston (versus minus 18 USD last week) up to minus 50 USD in Singapore (versus 47 USD) and minus 52 USD in Fujairah (versus minus 38 USD).
  
  
  
  
  

  Further details on the inclusion of shipping in the European Union’s Emissions Trading System (EU ETS) had been expected in June. The inclusion of shipping in the EU ETS forms part of an ambitious legislative package linked to the European Green Deal, and more specifically to the EC’s Climate Target Plan which is focused on raising the EU’s GHG emissions reduction target for 2030 from an earlier target of 40% to at least 55% (compared to a 1990 base line). The EC held a public consultation period on the inclusion of shipping in the EU ETS which closed at the end of February. The implementation of legislation on an ETS for shipping could take place as soon as 2022. It is not yet known whether Europe will include shipping in its current ETS or whether a shipping-specific system will be established.
  
  Source: www.mabux.com

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2022 May 18

09:19	Crude oil futures show moderate growth after a recent fall
08:58	MABUX: Global bunker indices to drift lower on May 18

2022 May 17

18:37	United Heavy Lift orders two additional Eco-Lifter newbuildings
18:07	Global shipping community updates Maritime Labour Convention
17:46	Euroseas signs contract for the construction of two additional fuel efficient feeder containerships
17:26	The keel laying of Landing Platform Dock for Qatari Ministry of Defence takes place at the Palermo shipyard
17:06	Norsepower installs Rotor Sail on second Scandlines hybrid ferry
16:35	New data shows future-fuel demand for shipping industry equal to entire current global production of renewables - International Chamber of Shipping
16:22	Atomenergomash manufactured first RITM-200 reactor for icebreaker Yakutia
15:04	YILPORT starts a new X-PRESS Feeders service ACX
14:28	Port of Southampton completes shore power commissioning of three AIDA cruise ships
14:03	Titan LNG and Brittany Ferries embark on a long-term partnership for the supply of fuel for Brittany Ferries’ newbuild hybrids
13:25	Marcor Stevedoring B.V. to operate dry bulk terminal at Steinweg Hartel Terminal
13:16	Sovcomflot’s fleet reduced to 111 ships after recent sales
12:20	DP World breaks ground on its new container terminal, silo and quay in the port of Novi Sad
12:20	Global Ports strengthens cooperation with Admiral Makarov State University of Maritime and Inland Shipping
11:45	DemoSATH floating wind project successfully completes the offshore mooring installation
11:43	Expert RA lowers credit rating on Global Ports Investments Plc to ‘ruAA-’
11:02	Hungary ‘holding EU hostage’ over sanctions on Russian oil - The Guardian
10:51	U.S. backs U.N. push to get Ukraine grain back to global market - Reuters
09:48	Neste introduces co-processed marine fuel in partnership with Nordic Marine Oil
09:24	Maersk launches a revamped Middle Corridor rail service
09:16	Crude oil futures are slightly down after a recent growth
08:57	MABUX: Bunker prices may demonstrate irregular changes on May 17

2022 May 16

18:04	Hammerfest LNG to resume operations in a week
17:44	Shi.E.L.D. Services and Su-Nav Group launch strategic joint venture - Splash
17:31	Hammerfest LNG to resume operations in a week
17:24	Air quality improves in Helsinki harbours
16:14	DNV provides concept certification of Fred. Olsen 1848’s floating wind turbine
15:48	USCG repatriates 86 people to Cuba
15:33	Rosmorport announces tender for reconstruction of seaport Korsakov
15:14	Ocean Yield AS takes delivery of the newbuilding Suezmax tanker
14:45	Container throughput of Hong Kong port (China) in 4M’2022 fell by 7.3%
14:24	CSL’s new diesel-electric self-unloading ship begins service for Windsor Salt
14:12	Equinor signing strategic collaboration agreement with Aibel
13:37	New river terminal opened in Sortavala (Karelia)
13:10	American Shipping Company buys “Normand Maximus” from Maximus Limited
12:05	Global player in battery recycling opens plant in Rotterdam
11:20	Port of Koper orders more electric Konecranes RTGs
11:09	SCZONE signs deal for $10 billion in investments to produce green fuels
10:20	Port of Salalah commissions to new equipment to increase efficiency and meet demand
10:09	Mitsubishi Shipbuilding and NYK Line obtain AiP from ClassNK for large LCO2 carrier
09:51	Rosmorport completed period of icebreaker assistance of ice navigation season 2021-2022
09:26	Port of Long Beach reports record volumes for April 2022
09:16	Crude oil futures decrease as investors take profits
08:57	MABUX: Global bunker indices to turn to upward correction on May 16

2022 May 15

15:32	Ocean Yield takes delivery of a new Suezmax tanker from South Korean shipyard
14:51	Port of Salalah commissions to new equipment to increase efficiency and meet demand
13:29	United States: TotalEnergies wins maritime lease to develop a 1 GW offshore wind farm off North Carolina’s coast
12:49	Singapore’s fuel oil stocks fall to more than two-year low
11:18	Botnia Enabler delivered to WALLENIUS SOL
10:18	TotalEnergies and Orsted partner to participate in Dutch offshore wind tenders

2022 May 14

14:47	Aurelio Martínez ratifies Valenciaport’s commitment to decarbonisation before UNCTAD
13:15	World Shipping Council welcomes Swire Shipping as new member
12:07	The Japanese ambassador discusses cooperation with SCZONE
11:03	AMSC purchased “Normand Maximus” from Maximus Limited
09:55	Superyacht industry leaders support development of new ABS rules

2022 May 13

18:37	Russia fuel oil exports to Middle East, Asia at 14-month high - Vortexa
18:06	Port of Singapore bunker sales in 4M’2022 fell by 12% YoY
17:45	IAA PortNews’ summary of past week news