• 2021 May 27 16:51

    MABUX: Bunker Weekly Outlook, Week 21, 2021

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

    During Week 21, MABUX World Bunker Index has returned to a phase of moderate upward evolution. 380 HSFO Index increased by 8.37 USD: from 416.01 USD/MT to 424.38 USD/MT, VLSFO Index rose by 7.82 USD: from 514.85 USD/MT to 522.67 USD/MT, while MGO index added $ 6.83 (from 610.52 USD/MT to 617.35 USD/MT).

    MABUX ARA LNG Bunker Index - the average price of LNG as a marine fuel in the ARA region, fell by 6.98 USD from 607.67 USD/MT last week to 600.69 USD / MT now. At the same time, the average LNG Bunker Index rose by 6.74 USD. MGO LS prices for the same period rose by 9 USD / MT. Since May 6, the price of LNG as bunker fuel in Rotterdam has consistently exceeded the price of MGO LS by average 55-65 USD. LNG bunker price indices, TTF, NBP and Henry Hub gas futures, LNG bunker market news and more are available in the new LNG Bunkering section at www.mabux.com.



    The average Global Scrubber Spread (SS) - the difference in price between 380 HSFO and VLSFO - fell slightly to $ 98.45 (versus $ 99.86 last week, minus $ 1.41). At the same time, SS Spread in Rotterdam has not changed during the week and remained at $ 109.00, however, its weekly average slightly decreased by $ 0.16 to $ 108.17 ($ 108.33 last week). In Singapore, the SS Spread fell by $ 1.00, while its weekly average decreased by $ 3.00 to $ 109.50 USD ($ 112.50 last week). Thus, the average weekly SS Spread in both ports have become almost equal and are still above the psychological mark of $ 100. More information is available in the Differentials section at 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 remained undervalued in all four selected ports ranging from minus $ 7 in Houston (versus minus $ 5 last week) and minus $ 21 in Fujairah (vs. minus $ 24) to minus $ 42 in Rotterdam (vs. minus $ 37) and minus $ 53 in Singapore (vs. minus $ 48). The underestimation margins in all four ports have not changed significantly.

    The underestimation trend of VLSFO, according to MABUX DBP Index, changed irregular this week in three of four selected ports: in Rotterdam, the registered underpricing was minus $ 26 (vs. minus $ 21 last week), in Fujairah - minus $ 38 (vs. minus $ 44), in Singapore - minus $ 50 (versus minus $ 45). Meantime, only in Houston DBP Index registers VLSFO overcharge: plus $ 7 (versus plus $ 10 last week).

    As for MGO LS, MABUX DBP Index registered an undercharge of this grade at all selected ports ranging from minus $ 23 (versus minus $ 24 last week) in Houston to minus $ 50 (minus $ 43) in Rotterdam, minus $ 48 (minus $ 50) in Singapore and minus $ 54 USD (versus minus $ 58) in Fujairah. Overall, the MBP/DBP Index margins have remained stable during the week and have not shown significant changes.



    Eurotank Amsterdam, part of VTTI, is to convert its gasoil tanks to hold biofuels, mixed biofuels and hydrotreated vegetable oil (HVO). The move follows a successful pilot project and the company says it is a key step in realising its ambition to offer storage for renewable energy at the Port of Amsterdam. Over 75,000 cubic metres of storage capacity will be made ready for biofuels and the first phase of the projects will be commissioned at the end of the year. ETA is also developing the infrastructure for biofuels. The jetties and loading arms will be upgraded this year and a new truck loading station will be built.

    Source: www.mabux.com




2021 September 21

19:01 Grimaldi to launch the Civitavecchia-Arbatax-Cagliari service
18:05 RTCOMM and Konnect Russia agree to join hands in development of satellite communication services for sea and river ships
18:02 “K” LINE to procure 8 next-generation of environmentally friendly car carriers
18:01 Diana Shipping announces time charter contract for m/v Maera with ASL
17:54 ABS publishes guide to ammonia-fueled vessels
17:47 RTCOMM and Iridium join hands to develop mobile communication services to improve clients security in Russia’s hard-to-reach areas
17:37 AD Ports Group and the General Company for Ports of Iraq sign MoU to promote cooperation and investments
16:58 RTCOMM and KNS partner to expand ocean satellite communications services
15:36 Hydrographic survey vessel Gorizont returns from the Arctic expedition
15:11 MOL Group Adopts Car Carrier Operation Digital Transformation Promotion Project 'Mathematical Optimization': Part II
14:59 Wärtsilä signs five-year Optimised Maintenance agreement featuring latest digital innovations with STQ of Canada
14:07 New ESPO Green Guide 2021 outlines a vision for ports towards a green future
12:34 International Maritime Exhibition and Conference NEVA 2021 opens in St. Petersburg
12:12 AtoB@C Shipping orders six highly efficient 5,350 dwt hybrid vessels
11:52 Damen Shipyards Group set to develop its localization in Russia
11:31 Port Houston sets new record for containers in August 2021
11:05 ASD Tug 3010 Ice Arc4 series to be laid down for Atomflot in September 2021
10:58 Stena Line and Frederikshavn sign agreement for two fossil fuel free ferries by 2030
09:51 Average spot market price for Russian M100 product rose to RUB 25,185 pmt as of September 17
09:37 MABUX: Global bunker market turned into downward trend on Sep 21
09:33 Crude oil prices increase in expectation of Covid related restrictions to be eased
09:19 Baltic Dry Index as of September 20

2021 September 20

18:27 Strategic Marine announces new 42m Gen 4 Fast Crew Boat
18:07 FSG to build RoRo vessel with LNG propulsion for Australian company SeaRoad
17:45 Sovcomflot Board reviews Group’s results for H1 2021
17:26 Shell to build one of Europe’s biggest biofuels facilities at the Shell Energy and Chemicals Park Rotterdam
17:16 Maiden call of EMA service at Vado Ligure connecting Eastern Med with US East coast
17:00 Rosmorrechflot estimates Russia’s demand for technical ships in 2025-2030 at over 800 units
16:39 New DNV Naval Technical Assurance concept offers tailored solutions for naval verification
16:11 Vyborg Shipyard delivers second trawler of KMT01 design
15:25 IAPH launches Cybersecurity Guidelines for Ports and Port Facilities
14:39 FESCO acquires 300 new refrigerated containers of increased capacity
14:02 Boluda Towage celebrates naming ceremony for tug quartet
13:22 ABS study suggests dual-fuel newbuilds have the decarbonization advantage over conversion
12:53 International conference “Inland waterways: strategic potential for growth” kicked off in Saint-Petersburg
12:05 NAVTOR boosts development muscle with new base in Poland
11:58 Port of Oakland import volume edged up in August 2021
10:51 New study reveals vessels using Jotun HPS reported 20% lower carbon intensity in operations
10:12 4th International Conference “Development of Icebreaking and Support Fleet“ kicked off in Saint-Petersburg
09:41 Crude oil prices decrease as oil production resumes in the Gulf of Mexico
09:35 San Pedro Bay Ports announce new measures to speed cargo throughput
09:27 MABUX: Global bunker market is in a stable state on Sep 20
09:13 Baltic Dry Index as of September 17

2021 September 19

15:23 Austal names Rusty Murdaugh as Austal USA President
14:17 Parkwind selects Port of Mukran to become the O&M base for Arcadis Ost 1 wind farm
13:04 Babcock sells first new frigate design licence to Indonesia
11:37 USC repatriates 22 migrants to Cuba
10:56 South Louisiana ports advocate for federal aid post Hurricane Ida

2021 September 18

15:07 Energy-saving investments clear the way for shore-based power
13:49 GROUPE IDEC is developing the first XXL energy - positive activity park in Europe
12:41 IMOCA extends relationship naming Iridium and Thales as official communications partners
11:37 Tanguy de Lamotte will spearhead electric boat revolution in the US
10:49 Industry alarmed as spat between governments threatens investment in Scottish ports – BPA

2021 September 17

17:49 New radar post to increase navigation safety in the seaport of Kaliningrad
17:26 Svanehøj acquires Wärtsilä Tank Control Systems
17:06 Navigator Gas awarded DNV AiP for new ammonia fuelled gas carrier design
16:47 Zelenodolsk Plant named after M. Gorky launches small-size missile ship Grad
16:31 PIL launches new South China to India West Coast Service - South China India Express
16:05 De Beers’ latest diamond recovery vessel departs Damen Shipyards Mangalia for Southern Africa
15:46 Port of Melbourne CEO announces retirement