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  • MABUX: Bunker Weekly Outlook, Week 45, 2021
  • 2021 November 11 14:27

    MABUX: Bunker Weekly Outlook, Week 45, 2021

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

    On a Week 45, the MABUX World Bunker Index returned to the path of moderate growth. Index 380 HSFO rose by 4.88 USD: from 517.42 USD / MT to 522.30 USD / MT. The VLSFO index increased by 10.71 USD (having fully recovered from the losses the previous week): from 644.79 USD / MT to 655.30 USD / MT, while the MGO index added 9.42 USD (rising from 768.32 USD / MT to 777.74 USD / MT).

    The average weekly Global Scrubber Spread (SS) - the difference in price between 380 HSFO and VLSFO - rose slightly during the week and reached $ 128.41 (versus $ 127.35 last week, plus $ 1.06). At the same time, the average SS Spread in Rotterdam dropped to $ 134.67 (versus $ 137.50 last week, minus $ 2.83), while the average SS Spread in Singapore, on the contrary, added $ 5.83 and reached $ 150.00 (the first time since Feb.27.2020) against $ 144.17 last week. In general, all SS Spread indicators are currently consistently above the psychological mark of $ 100. More information is available in the Differentials section on the web-platform www.mabux.com.

    Correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (MABUX Digital Benchmark) in the four global largest hubs over the past week showed that 380 HSFO fuel remained overvalued in only one port - Fujairah (plus $ 10). In all other ports, the MABUX MBP / DBP Index registered an underestimation of the fuel grade: in Rotterdam - by minus $ 13, in Singapore - by minus $ 24 and in Houston - by minus $ 1. In general, the the underestimation rates of the 380 HSFO have not change significantly.

    VLSFO fuel grade, according to the MABUX MBP / DBP Index, has been overpriced at three out of four selected ports while Singapore joined Rotterdam and Fujairah. The overcharge margins were registered as: in Rotterdam - plus $ 1, in Singapore - plus $ 14 and in Fujairah - plus $ 25. The only port, according to the MABUX MBP / DBP Index, where VLSFO fuel was underestimated, was Houston - minus $ 8.

    As for the MGO LS, the MABUX MBP / DBP Index has registered a transition of the price indicators to the overcharge segment in two ports at once: in Fujairah - plus $ 4 and in Houston - plus $ 8. At the same time, MGO LS fuel grade remains undervalued in Rotterdam - minus $ 47 and in Singapore - minus $ 31.

    The European Community Shipowners’ Association (ECSA) has issued a new policy paper in which it calls for vessel operators to bear the costs of the EU Emissions Trading System (EU ETS). In the paper, ECSA also voices its ‘firm support’ of establishing a dedicated fund under the EU Emissions Trading System (EU ETS) to stabilise the carbon price. In fact, ECSA supports that the commercial operator should bear the costs of the EU ETS. The law should require the entity responsible for the decisions affecting the CO2 emissions of a ship to bear the costs arising from the implementation of the EU ETS in the context of a contractual agreement. European shipowners propose the introduction of a legally binding requirement in the articles of the EU ETS proposal which it said should provide for passing through the costs of the system from the shipping companies to the commercial operators in the context of a contractual agreement.

    Source: www.mabux.com

2022 January 18

10:02 MABUX: Bunker price may continue upward trend on Jan 18
09:49 Container throughput of Hong Kong port (China) in 2021 fell by 1.1%
09:31 Baltic Dry Index as of January 17
09:13 Brent futures exceeded $87 a barrel for the first time since October 2014

2022 January 17

19:02 Thyssenkrupp plans to spin off electrolyser business
18:16 Konecranes delivers three more Rail-Mounted Gantry cranes to Port of Virginia
18:00 Gazprom experts join editorial advisory board of PortNews’ magazine Hydrotechnika
17:46 ICTSI Subic welcomes Wan Hai’s consolidated service
17:33 Average spot market price for Russian M100 product rose to RUB 26,989 pmt
17:26 ICS and IRENA sign a Partnership Agreement to support the decarbonisation of the shipping sector
17:14 Concordia Maritime sells P-MAX vessel
16:51 Passenger Terminal Amsterdam expands business by adding river cruise under the new name Cruise Port Amsterdam
16:31 Ballastwater Equipment Manufacturers’ Association recognized by the IMO
16:04 Maersk Tankers to launch decarbonisation hub
16:04 ABP to construct a new ro-ro facility at the Port of Immingham
15:39 Throughput of port Vysotsk in 2021 fell by 9% Y-o-Y
15:14 The PAV and the València City Council collaborate in the installation of a pilot device for generating electricity from waves
14:57 Port of Ust-Luga throughput in 2021 rose by 7% Y-o-Y
14:40 BPA selects the Dongwon New Port Container Terminal Consortiaum to operate the Busan New Port’s West Container Terminal
14:13 TotalEnergies, Green Investment Group and RIDG secure ScotWind leasing rights to develop a 2 GW windfarm in Scotland
14:00 Throughput of Port St. Petersburg climbed by 4% in 2021
13:38 APM Terminals Aarhus adds reefer plugs to meet record volumes
13:25 FESCO vessel set sails to Antarctica to supply Indian scientific stations
12:52 HPA and DAKOSY receive funding for digital test bed at Port of Hamburg
12:18 MTG supports V International Congress “Hydraulic Engineering Structures and Dredging” as its Sponsor
12:02 Bloomberg: Italy’s ferry operator Moby files for Chapter 15 bankruptcy
11:56 Port of Antwerp cargo throughput up 3.8% to 240 million tons in 2021
11:49 Vostochny Port increased its throughput by 14.4% over five years
11:07 Optimarin expands global sales team in market push for BWT retrofits and newbuilds
10:54 MABUX: Bunker price may increase on Jan 17
10:24 Dual-fuel ferry for Ust-Luga-Baltiysk line to arrive at Baltiysk soon
09:56 IAA PortNews’ summary of previous week news
09:30 Crude oil market sees moderate increase of prices
09:12 Baltic Dry Index as of January 14

2022 January 16

16:03 Norwegian Cruise Line introduces Norwegian VIVA
14:17 SCHOTTEL to supply propulsion systems for new Italian LNG bunkering vessel
13:38 Wilhelmsen Ship Management takes a majority stake in Ahrenkiel Tankers to strengthen its position in the tanker market
12:19 Simpson Spence Young acquires Anchor Shipbroking Inc.
11:02 Forever Oceans signs deal with Brazilian Gov't for world’s largest offshore concession for sustainable seafood production

2022 January 15

14:27 NGOs join local residents and First Nations in fight against toxic shipbreaking in British Columbia
13:02 Balk Shipyard joins forces with Zhongying
12:48 ENEOS and Marubeni to introduce an environmental-friendly fueled ethylene carrier
11:37 Offshore oil needs more shuttle tankers as volumes requiring transport set to rise by 35% this decade
10:52 CMA CGM announces inaugural call at Port of Wilmington in North Carolina

2022 January 14

18:36 Ernst Meyer appointed Torvald Klaveness CEO from April 1st, 2022
17:56 The Valencia Containerised Freight Index stabilises its growth with an increase of 4.14% in December
17:51 Some 700 samples of sea water and atmospheric air tested at CPC Marine Terminal sites near Novorossiysk in 2021
17:26 PSA container throughput up by 5.6 % to 91.5 mln TEUs in 2021
17:06 HHLA Sky and the HPA form technology partnership at the Port of Hamburg
16:35 Shell signs contract with thyssenkrupp for green hydrogen plant
16:15 Maersk launches new reefer train service between Algeciras and Marin
15:56 Throughput of Russian seaports in 2021 rose by 1.7% Y-o-Y
15:33 Port Vitino investor to announce design competition in Q1’2022
15:14 The newest Viking's ocean cruise ship floats out at the shipyard in Ancona
15:13 A.P. Møller - Mærsk announces revenue of USD 18.5bn for Q4 2021
15:00 Rosterminalugol handled 24.4 million tonnes of coal in 2021, down 8% YoY
14:46 Titan LNG collaborates with Corsica Linea on delivery of LNG and bioLNG in the Port of Marseille for Corsica Linea’s new Ro-Pax ferry
14:29 Throughput of Petersburg Oil Terminal fell by 2.2% in 2021
12:45 Russia's Main Department of State Expertise approves construction of LPG terminal in Primorsky Territory
12:23 Volvo Car Gent extends electric drive in North Sea Port