• 2021 June 17 17:06

    MABUX: Bunker Weekly Outlook, Week 24, 2021

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

    During Week 24, MABUX World Bunker Index has turned into moderate upward evolution. The 380 HSFO index has increased by USD 5.80: from 441.70 USD/MT to 447.50 USD/MT, the VLSFO index has risen by USD 2.39: from 549.50 USD/MT to 551.89 USD / MT, while the MGO index has added 11.17 USD (from 633.81 USD / MT to 644.98 USD / MT).

    MABUX ARA LNG Bunker Index - the average price of LNG as a marine fuel in the ARA region, has decreased by 3.86 USD during the week from 634.93 USD/MT to 631.07 USD/MT. At the same time, the average value of the LNG Bunker Index has increased by 17.09 USD. The average price for MGO LS for the same period has risen by 13.66 USD/MT. The average price difference between bunker LNG and MGO LS in Rotterdam has increased slightly and is 56.73 USD (versus 48.30 USD last week). More information is available in the new LNG Bunkering section at www.mabux.com.

    The average weekly Global Scrubber Spread (SS) - the difference in price between 380 HSFO and VLSFO - has fallen by $ 1.19 during the week but is still above the psychological $ 100 mark: $ 104.68 (versus $ 105.87 last week). At the same time, the average value of SS Spread in Rotterdam has also decreased by $ 2.67 and reached $ 114.00 ($ 116.67 last week). In Singapore, the average SS Spread has risen symbolically by $ 0.34 to 118.17 USD ($ 117.83 last week). The SS Spread levels in both ports are still well above the $ 100 mark. 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 during the past week has shown that 380 HSFO fuel remained undervalued in all four selected ports ranging from minus $ 30 in Houston (versus minus $ 23 last week) and minus $ 20 in Fujairah (vs. minus $ 19) to minus $ 39 in Rotterdam (vs. minus $ 37) and minus $ 52 in Singapore (vs. minus $ 46). The most significant changes of underestimation ratio were recorded in Houston (up $ 7) and Singapore (up $ 6).

    VLSFO fuel, according to MABUX DBP Index, was also underestimated in all four selected ports: in Houston the underestimation was minus $ 11 (minus $ 7 last week), in Rotterdam - minus $ 26 (minus $ 21), in Fujairah - minus $ 44 (versus minus $ 41), in Singapore - minus $ 49 (versus minus $ 44). Underestimation margins for all ports increased by plus $ 3- $ 5 average.

    As for MGO LS, MABUX DBP Index has registered an undercharge of this grade at all selected ports ranging from minus $ 22 (minus $ 27 last week) in Houston to minus $ 45 (unchanged) in Rotterdam, minus $ 49 (vs. minus $ 54) in Singapore and minus $ 44 (versus minus $ 51) in Fujairah. The most significant change of underestimation ratio was recorded in Fujairah (minus $ 7).

    The Exhaust Gas Cleaning System Association (EGCSA) has published the findings an ecotoxicity study it commissioned on the environmental impact of open-loop scrubber washwater. As per EGCSA, the study, which was undertaken in accordance with the IMO GESAMP guidelines, indicated that both in a standard OECD port and in a highly trafficked seaway the operation of open loop scrubbers ‘did not create an unwarranted risk’. In November 2020, the authors of a study published by the International Council on Clean Transportation (ICCT) said the International Maritime Organization (IMO) should consider prohibiting the use of scrubbers on newbuild ships and phasing out scrubbers on existing ships.

    Source: www.mabux.com

2021 August 4

10:09 Konecranes adds Wire Rope Monitoring to TRUCONNECT portfolio
09:59 Crude oil prices edging down on coronavirus-related restrictions
09:53 Baltic Dry Index as of Aug 3
09:29 Inland waterways Azov-Don basin’s seven-month cargo volume edges up 1%
09:21 ICTSI Honduras, Big Creek Terminals ink mutual benefit pact
08:21 MABUX: Global bunker prices may continue slight downward trend on Aug 04

2021 August 3

18:17 Iridium Connected® Viettel S-Tracking Vessel Monitoring System wins Top 10 Sao Khuê Award
17:59 Lead passenger ship Meteor 120R of new generation launched in the Nizhny Novgorod Region
17:25 A subsidiary of KCC has signed a new Contract of Affreightment for its CLEANBU fleet with a major international charterer in the tanker market
16:47 Petersburg Oil Terminal obtains permit for construction of its new handling facility
16:24 Nigerian Chamber of Shipping becomes full ICS member
15:22 Vard delivers “Le Commandant Charcot” to Ponant
15:00 Bunker sales at Vladivostok port in 7M’2021 fell by 30% YoY
14:41 Construction of new facilities to commence at Onezhsky Shipyard in autumn 2021 года
14:23 CMA CGM announces PSS for cargo bound for East Russia
13:42 The Panama Canal resumes seasonal measures to protect migrating marine life
13:12 CMA CGM announces THC for Novorossiysk, Russia import/export
12:57 ABP’s Ports of Ipswich and Ayr enable wheat cargo to be shipped more sustainably
12:22 Wärtsilä to provide efficient service support for Brazilian river tugs despite challenging operating conditions
11:59 MOL to build series of 4 LNG-fueled car carriers
11:58 FESCO starts seasonal delivery of cargo from ports of China and the United States to Chukotka
11:36 Finnlines announces adjustment of bunker surcharge in its own container traffic
10:54 Baltiysky Zavod shipyard casts third one-piece propeller for Project MR-50 product tankers
10:30 Tallink Grupp published its statistics for July 2021
10:09 Maersk raises full-year guidance
09:57 Oil prices decrease amid coronavirus related restrictions
09:41 Baltic Dry Index as of August 2
09:23 Yaroslavsky Shipyard launches non-self-propelled dredging ship of Project RDB 66.42М
09:08 Japan’s Ministry of Internal Affairs and Communications gives the green light to Iridium services
08:58 MABUX: Global bunker prices may drop on Aug 03 following sharp decline on crude market yesterday
08:09 The largest water-rail intermodal terminal of the Yangtze River starts operations

2021 August 2

19:09 Seven dredging ships deployed for operation on Sea Canal in the Gulf of Ob
18:35 LR unveils key appointment for its Maritime Performance Services business
17:54 CMA CGM announces PSS for cargo from the Middle East Gulf to North Europe, Scandinavia, Poland, Baltic, West Med & Adriatic, East Med, Black Sea, North Africa & Morocco
17:46 LUKOIL announces new oil finding in Sayulita prospecting area of Block 10 offshore Mexico
17:30 CMA CGM has announced PSS for cargo from India to North Europe & the Mediterranean
17:28 CMA CGM announces PSS for cargo from North Europe, UK, Scandinavia, Poland & North Spain to Colombia Atlantic & Dominican Republic
17:27 Large hydrographic survey vessel of Project 23370G, Grigory Shadrin, launched in Murmansk
17:23 CMA CGM to launch a new Express Shuttle service linking East Asia to Russian Far East
17:05 Sri Lanka Ports Authority successfully reworks leaked chemical container on board
16:54 Rhenus Group plans to acquire the Polish freight forwarding and logistics company C. Hartwig
16:30 Sea Port of Saint-Petersburg enhanced its environmental safety
16:03 Maersk’s digital logistics platform Twill increases its presence in Gdansk
15:38 Maersk launches new system notification for containers at BCT Gdynia port
15:14 FESCO dispatches its first full-length train with Korean cargo as part of the new Asia-Europe service
14:49 Diana Shipping announces signing of a supplemental agreement with Nordea Bank
14:38 Average spot market price for Russian M100 product rose to RUB 25,045 pmt
13:59 Tallink Grupp to increase share capital and to conduct public offering of new shares
13:13 Seventh ship of Project RSD59, Valentin Smyslov, put into operation
12:30 Russian Railways' network loading climbed by 4.5% in 7M’2021
12:05 Tuapse Sea Commercial Port increased its half-year throughput by 11.8%
10:52 Baltic Workboats delivers Patrol 22 WP model to Belgian Police
10:26 Aker Arctic representative to report on development of icebreakers effectivity at IAA PortNews’ conference on NEVA Exhibition zero day
10:04 Austal Australia delivers 12th Guardian Class Patrol Boat
09:58 Operations poised to begin at “Mitsubishi Heavy Industries Maritime Systems”
09:31 Oil prices decrease amid coronavirus concerns
09:14 Baltic Dry Index as of July 30
08:49 MABUX: Global bunker prices may rise slightly on Aug 02

2021 August 1

14:43 Siem Offshore secures contract from Seaway 7
13:22 NYK issues first transition bonds in Japan