• 2021 August 27 09:06

    MABUX: Global bunker prices may turn into slight downward correction on Aug 27

    The Bunker Review was contributed by Marine Bunker Exchange (MABUX)

    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) rose slightly on Aug 26:

    380 HSFO - USD/MT – 451.21 (+3.99)
    VLSFO - USD/MT – 544.05 (+2.86)
    MGO - USD/MT – 640.86 (+3.59)


    The MABUX ARA LNG Bunker Index, calculated as an average price of LNG as a marine fuel in the ARA region, rose slightly on August 27: 937.36 USD/MT (plus 2.47 USD). The LNG Bunkering Index exceeds the cost of MGO LS in the port of Rotterdam by 371. 36 USD (566 USD/MT as of August 26), the difference in price compared to the day before decreased by 3.53 USD. LNG bunker indices are available at www.mabux.com.

    As of August 26, a correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (Digital Bunker Prices Benchmark) in four largest global hubs showed that 380 HSFO fuel remained overvalued in Singapore: plus $ 16 (plus $ 21 the day before) and Fujairah: plus $ 1 (plus $ 2) and was underpriced in Rotterdam: minus $ 5 (plus $ 1), and Houston: minus $ 9 (minus $ 8).

    VLSFO, according to the MABUX MBP / DBP Index, was overpriced on August 26 in Singapore: plus $ 2 (plus $ 8 the day before) and Houston: plus $ 2 (minus $ 8). At the same time, the underestimation of VLSFO was registered in Rotterdam: minus $ 7 (plus $ 4 a day earlier) and Fujairah: minus $ 42 (minus $ 34). Underestimation margins in all selected ports did not show significant changes.

    The MABUX MBP/DBP Index registered the underpricing of MGO LS in all selected ports on August 26. Underestimation ratio was: in Rotterdam - minus $ 25 (minus $ 26), minus $ 35 (minus $ 33) in Singapore, minus $ 53 (minus $ 58) in Fujairah and minus $ 41 (minus $ 30) in Houston.  The most significant change in the MABUX MBP / DBP Index was registered in Houston: minus $ 11.

    We expect global bunker prices to turn into slight downward correction today: 380 HSFO – minus 3-6 USD/MT, VLSFO – minus 4-8 USD/MT, MGO LS – minus 0-10 USD/MT.

    Source: www.mabux.com


2024 June 17

18:16 Philippine supply ship bumped Chinese ship
17:49 Survitec secures JMSDF submarine escape suit contract
17:36 First mega cruise ship built for short cruises delivered to Royal Caribbean
17:14 Petroleum chemical product carriers drive order performance of Korea shipbuilding industry
16:37 MPA: Joint oil spill clean-up operations advance to next phase
16:23 Greek shipowners start investing in large new ships to transport ammonia
15:42 BV awards AiP to Antwerp-based Seafar for its remote vessel operation technology
14:31 USACE continues maintenance dredging at Markland Locks
14:29 Green Marine UK partners with C-Power to advance autonomous offshore power systems
13:17 Van Oord releases statement concering collision Vox Maxima with bunker vessel
12:04 Green Marine and Ocean Kinetics form JV Partnership to decomission OpenHydro tidal turbine in Scotland
11:52 ClassNK releases 2nd Edition “FAQs on the FuelEU Maritime”
11:07 Allision of dredger Vox Maxima was caused by a sudden loss in engine and steering control, MPA investigation showed
10:28 Sweden-Belgium Green Shipping Corridor expands ambition for the world's first green ammonia shipping corridor and welcomes new partner
09:23 APM Terminals calls first movers to join Innovators Program to enhance visibility and reliability for customers
09:11 Georgia Ports Authority sees 22% container growth

2024 June 16

16:18 Diana Shipping Inc. announces time charter contract for m/v Myrsini with Cobelfret S.A.
15:16 MPA: Joint oil spill clean-up operations in Singapore continue
14:27 Watershed moment for AMSA’s future maintenance on aids to navigation
14:07 Mammoet awarded construction upgrade of Hawaii dry dock
13:54 CMA CGM announces update on its IEX 2 service
12:31 Jan De Nul order first plug-in hybrid dredging vessel
10:26 Solstad announces contract extension for its CSV duo by Subsea 7

2024 June 15

14:15 VARD hosts a christening ceremony for third VARD 8 02 design stern trawler
12:03 TECO 2030, BLOM Maritime and Samskip receive ENOVA grant to retrofit Samskip LNG Vessel with fuel cells and hydrogen fuel
10:06 The 3rd of 12 plug-in hybrid vessel joins Swedish shortsea operator's fleet
09:51 S&P Global: Guangdong province's market-based power subsidy supports gas demand growth

2024 June 14

18:09 Strategic R&D alliance formed to standardize materials for LH2 carriers
17:44 BSEE conducts first offshore wind turbine inspection
17:23 Aker Artic completes ice-going SOV concept for offshore wind farms
17:19 Orsted completes construction of combined wind and solar project in Texas
16:57 MPA: Oil spill clean-up in progress at Pasir Panjang Terminal
15:37 ADNOC awards $5.5 billion of contracts for Ruwais LNG plant
15:11 Allseas awarded Troll extension pipeline
14:26 Havila Shipping inks deals for its three PSVs with Equinor
14:03 LR partners with COFCO International on fleet emissions reduction programme
13:18 Bulk carriers second-hand market overperforms
12:53 CMA CGM announces PSS from Spain (Med) to West Coast South America, Central America & the Caribbean
12:00 QatarEnergy enters 10-year naphtha supply agreement with India's HPL
11:46 ABS releases new notation that enables vessel operators to carry an additional tier of containers
11:33 Holland Shipyards announces successful convertion of an inland vessel into dredger
11:17 DNV joins technical cooperation programme for medical devices (TCP III)
10:42 TES and “K” LINE partner for sustainable maritime shipping solutions
10:11 CMA CGM announces Peak Season Surcharge for Middle East Gulf & Pakistan-West Africa trade
09:48 MOL and INDU establish JV with for self-operated warehouses in JAFZA Dubai

2024 June 13

18:07 Jan De Nul and partners start AquaForest project for construction of mangrove island in Ecuador
17:31 UECC: Biofuels boost puts the leading European shortsea carrier on course to beat emissions reduction target
17:23 MacGregor secures crane order for MMA Offshore
16:40 KR grants approval to HD HHI’s next generation K-Ammonia Storage & Powered PCTC
16:13 Damen Shipyards signs contract with UK’s Portland Harbour Authority at Seawork 2024 for the supply of one of its latest tugs
15:52 First 800m3/h multifunctional amphibious dredger successfully completed
15:07 French engineering firm Doris contracted by Mexican operator on its $4.5 billion oil project
14:51 Damen unveils fully electric FCS 3210
14:38 KR, Hanwha Ocean, Amogy and HanwhaAerospace team up for application of ammonia reformers and ammonia fuel cellsystems to ships
13:44 Seabourn's expedition ship Seabourn Pursuit sails into Australia for the first time
13:26 BIMCO: Newbuilding prices climb 3% to highest level in 16 years
12:31 MABUX: Bunker Outlook, Week 24, 2024
12:23 KR grants AiP for 150K ULAC and signs MoU with SHI for development of ammonia-fueled container ships
10:49 DNV leads global joint industry project to set standards for crucial CO2 flow meter traceability and accuracy in CCUS
10:18 Avantis and T.J. Giavridis join forces to enhance support for Greek shipowners
09:36 Berg secures Louis Dreyfus Armateurs propulsion package for wind-assisted Airbus Ro-Ro vessels

2024 June 12

16:47 Solstad bags multiple contract awards in Brazil
13:18 Panama Canal announces new increase in draft and daily transit
11:37 Port of Salalah expansion on track to further reduce port stay by year end
11:06 DP World wins four finance and sustainability awards
09:53 Record number of cruise ships call at Port of Southampton in May

2024 June 11

18:17 WSC releases containers lost at sea report
17:41 SLSMC Board of Directors names new President and CEO
17:24 Hanwha Ocean launches Korea’s first large offshore wind turbine installation vessel
17:16 Kalmar continues to drive decarbonisation of cargo handling with new electric empty container handler