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  • 2021 September 29 09:45

    MABUX: Global bunker prices may turn into slight downward correction on Sept 29

    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) continued firm upward trend on September 28:

    380 HSFO - USD/MT – 497.31 (+6.95)
    VLSFO - USD/MT – 595.24 (+6.18)
    MGO - USD/MT – 690.29 (+7.44)

    The MABUX ARA LNG Bunker Index– the average price of LNG as a marine fuel in the ARA region – continued moderate decline on 29 September: 1046.11 USD / MT (minus 1.80 USD). The MABUX LNG Bunkering Index exceeds the cost of MGO LS in the port of Rotterdam by USD 406.11 (USD 640 / MT as of September 28), the difference in price compared to the day before has decreased by USD 11.80. LNG bunker indices are available at www.mabux.com.

    As of September 28, 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 grade was still overvalued in three out of four ports. 380 HSFOs overprice margins were: in Rotterdam - plus $ 10 (plus $ 7 the day before), in Singapore - plus $ 37 (plus $ 43) and in Fujairah - plus $ 34 (plus $ 38). In Houston, the MABUX MBP / DBP Index registered an underpricing of 380 HSFO 380 by minus $ 19 (minus $ 13.) There is no single dynamics in the MABUX MBP / DBP Index’s correlation for 380 HSFO fuel so far.

    VLSFO, according to the MABUX MBP / DBP Index, was still at the 100% correlation mark in all selected ports on September 28: in Rotterdam there was an underestimation of minus $ 2 (minus $ 4 compared to the day before), in Singapore - minus $ 5 (overcharge by plus $ 2 the day before), in Fujairah - minus $ 5 (plus $ 1). In Houston, VLSFO fuel was overpriced by $ 5 (100-percent correlation the day before).

    MGO LS, according to the MABUX MBP / DBP Index, was underestimated on September 28 in all selected ports: in Rotterdam - minus $ 34 (minus $ 30 the day before), minus $ 38 (minus $ 32) in Singapore, minus $ 51 (minus $ 39) in Fujairah and minus $ 20 (minus $ 23) in Houston. The most significant change was the growth of MGO LS underpricing ratio in Fujairah by $ 12.

    We expect global bunker prices may turn into slight downward correction today: 380 HSFO –0 - minus 2 USD/MT, VLSFO – minus 1-3 USD/MT, MGO LS – minus 2-5 USD/MT.

    Source: www.mabux.com

2022 January 26

18:06 Safe Bulkers announces agreement for the acquisition of one Capesize class dry-bulk Japanese vessel
17:54 Olga Naumova takes helm of Russian Fishery Company
17:41 Shearwater GeoServices awarded Western Australia multicomponent surveys by Santos
17:26 Heerema wins decommissioning contract for multiple Petrogas platforms
16:27 USCG to break ice along Penobscot, Connecticut, and Hudson Rivers
16:03 Deltamarin signs an engineering contract for Höegh Autoliners Aurora Class PCTCs
15:58 Avenir sells the world’s largest LNG bunker vessel
15:55 Rosmorport supports "Soul of the Caspian" expedition aimed at studying and conserving Caspian seal
15:33 Maersk Supply Service launches new venture company to deliver offshore vessel charging
14:40 Throughput of OTEKO Group terminals in Taman surged by 82%, year-on-year
14:13 Fincantieri’s U.S. shipyards join Green Marine
13:48 Yakutia LNG project may need new port facilities in Sea of Okhotsk
13:27 Konecranes provides 17 Automated Rubber-Tired Gantry Cranes in fully integrated solution for Port of Felixstowe
12:37 Freeport of Ventspils handled over 11.1 million tons of cargo in 2021
12:01 DNV selected to lead “pioneering" ammonia bunkering safety study in Singapore
11:32 Superyacht Phi delivered to ABS class
11:23 Smart Ports Russia 2022 to bring together ports and terminals in Moscow
10:58 KN transhipped the first bulk bitumen to a tanker
10:58 Port Houston annual TEUs set record with 15 percent growth
10:37 CIMAC World Congress is postponed to June 2023
10:01 Klaipeda Port handled 45.6 million tonnes of cargo in 2021
09:53 KCC signs pilot agreement for Yara Marine’s ‘FuelOpt’ energy efficiency system
09:39 Baltic Dry Index as of January 25
09:18 Crude oil prices start decreasing
08:33 MABUX: Global bunker market compensates losses from the day before

2022 January 25

18:10 Ports of Los Angeles & Long Beach postpone Container Excess Dwell Fee
17:55 Joint Russian-Chinese naval exercise Peaceful Sea-2022 took place in the Arabian Sea
17:36 Broad scope of Wärtsilä power solutions selected for gas-fuelled ferry trio
17:26 ICTSI's Cavite Gateway Terminal beefs up operations
17:04 BLRT Grupp is constructing a unique floating exhibition centre for Norway
16:45 Port of Los Angeles launches first-of-its-kind cyber resilience center
16:25 IDFA, Port of Los Angeles, and CMA CGM form joint initiative to advance U.S. dairy exports
15:52 MOL announces the world's first successful sea trial of autonomous sailing on a commercial container ship voyage
15:13 Damen commissions Rolls-Royce business unit to supply automation solutions for German Navy’s F126 frigates
15:02 Valenciaport and COSCO collaborate in the automation of the delivery of container seals
14:41 Flag-raising ceremony held on Sibir, first serial nuclear-powered icebreaker of Project 22220
14:02 7.6 million tonnes of goods handled in record quantities at the Port of Kiel
13:36 Glavgosexpertiza approves installation of NSR maritime distress safety system at “Dickson” station
13:12 European shipowners support EU parliamentary proposal on commercial operators and a sector-dedicated fund
12:54 Damen signs up ERMA FIRST to supply world’s smallest Ballast Water Treatment System
12:30 TotalEnergies launches Port of Marseille Fos’ first ship-to-containership LNG bunkering operation
12:11 OOCL posts results for 2021
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10:17 Saimaa Canal Commission grants permit to Transport Infrastructure Agency for construction in Saimaa Canal lease area
09:43 Baltic Dry Index as of January 24
09:28 Crude oil prices continue moderate increase
09:15 MABUX: Global bunker prices to trend lower on Jan 25

2022 January 24

18:22 Nakilat takes delivery and management of fourth LNG carrier newbuild
18:09 CMA CGM and TotalEnergies launch Port of Marseille Fos’ first ship-to-containership LNG bunkering operation
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17:32 Raiffeisenbank opens USD 20 million credit facility for Sea Port of Saint-Petersburg
17:13 GTMaritime guide sets out future of maritime communications
16:50 Glavgosexpertiza approves construction of coal terminal Port “Vera” in Primorye
16:29 Salus Technical introduces its the cloud-based software Bowtie Master
15:58 Tersan shipyard lays down trawler for Magadan based fishing company Tikhrybkom
15:11 Wärtsilä hits methanol milestone with first newbuild engine order
14:30 Sea Port of Saint-Petersburg to take delivery of over 40 units of handling equipment and one 63-tonne crane in 2022
14:01 Dogger Bank announces supplier events for O&M phase
13:44 BW Offshore signed an agreement for the sale of the FPSO BW Joko Tole