• Home
  • News
  • MABUX: Global bunker prices may turn into sharp downward correction on Mar.10
  • 2022 March 10 10:43

    MABUX: Global bunker prices may turn into sharp downward correction on Mar.10

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

    MABUX: Global bunker prices may turn into sharp downward correction on Mar.10.

    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) showed upward evolution on March 09:

    380 HSFO - USD/MT – 761.79 (+14.09)

    VLSFO - USD/MT – 1 032.68 (+15.49)

    MGO - USD/MT – 1 270.94 (+56.34)

    The correlation of MABUX MBP Index (market bunker prices) vs MABUX DBP Index (MABUX digital bunker price benchmark) on March 09 showed that 380 HSFO fuel grade was undervalued in two out of four ports selected: Singapore - minus $ 24 (minus $ 31 the day before) and Fujairah - minus $47 (minus $30). In Rotterdam and Houston, HSFO 380 remained overpriced by plus $24 (plus $32) and plus $32 (plus $40), respectively. On the whole, MABUX MBP/DBP Index for 380 HSFO has changed insignificantly.

    As for VLSFO, on March 09 MABUX MBP/DBP Index registered an overcharge in all four selected ports. The overprice margins were: Rotterdam - plus $107 (versus plus $83 the day before), Singapore - plus $50 (plus $52), Fujairah - plus $35 (plus $83) and Houston - plus $5 (minus $19). The most significant change was a 48-point reduction in fuel overcharge in Fujairah.

    MGO LS, according to the MABUX MBP/DBP Index, remained undervalued on March 09 in three out of four selected ports: Rotterdam returned to the underprice zone - minus $20 (plus $8 a day earlier). MGO LS was also undercharged in Singapore by minus $251 (minus $119) and Fujairah minus $280 (minus $142). Houston remained the only port where the MABUX MBP/DBP Index has registered an overpricing of MGO LS by $51 (plus $160). Prices for MGO LS were the most volatile in the global market on March 09. As a result, underprice ratio in Singapore and Fujairah showed significant growth: by 132 and 138 points, respectively.

    We expect global bunker prices to turn into downward correction today: 380 HSFO - minus 40–60 USD/MT, VLSFO - plus 50-90 USD/MT, MGO LS - minus 90-130 USD/MT.

    mabux.com


2022 June 27

17:30 FSRU contract Höegh LNG with AIE in Australia confirmed
17:02 Investigation into ammonia leak on Spanish tuna vessel begins in Seychelles - Seychelles News Agency
16:27 World’s first climate-neutral container handling facility recertified
15:58 Russia, India, China, Brazil and RSA to sign agreement on cooperation in customs area
15:45 Inmarsat and Thetius report explores human element in maritime digitalisation
15:45 Asia coal prices hit record on hot global competition for fuel - Bloomberg
15:21 Vestdavit to deliver telescopic davit for Danish Navy
14:27 Nuclear-powered container ship Sevmorput leaves for its first subsidized coastwise voyage to Petropavlovsk-Kamchatsky
14:06 Bureau Veritas completes new study on ammonia as fuel
14:02 BW LPG completes dual-fuel retrofits
13:33 Hydrographic Company holds tender for dredging of Utrenny terminal’s water area
13:15 Nakilat and Keppel to provide after-sales technical support for ballast water treatment systems in Qatar
12:30 Matson signs contract for ME-GI retrofit
12:14 International taskforce established to drive forward the development of Clean Energy Marine Hubs
12:01 Port Tanjung Pelepas turns to AI-powered management system
11:29 Seanergy Maritime acquires a modern Capesize vessel
11:02 Chernomorneftegaz platform in Black Sea shelled by Ukrainian troops
10:29 Sevmash lays down manned underwater vehicle of Project 03660 Jason
10:29 Dongwon Global Terminal selects CyberLogitec’s terminal operating system
10:03 The Getting to Zero Coalition convenes to develop action plan for maritime decarbonization
09:43 Metal structures and general cargo to be delivered by MV Kholmogory on its first voyage to Kaliningrad Region
09:21 Oil prices decrease after a growth on June 24
08:58 MABUX: Bunker prices may increase on June 27

2022 June 26

15:18 BW LPG carriers completed DF retrofits at Yiu Lian Dockyards in Shenzhen, China
13:42 Aegean Shipping accepts delivery of its first of four Aframax tankers
12:14 Large-scale offshore tender sets TenneT on course to deliver 2030 offshore expansion targets
11:03 KHI delivers bulk carrier PHILHOKUSAI

2022 June 25

15:07 The Getting to Zero Coalition convenes to develop action plan for maritime decarbonization
14:31 Manor Marine to build two Hybrid CTVs for Manor Renewable Energy with Chartwell Marine
13:04 ČEZ Group becomes first Czech company to have climate targets validated
10:13 FSL Trust agrees to sell one chemical tanker

2022 June 24

18:37 OneSea Energy B.V. and Subsea 7 conclude an MOU on collaboration in offshore hydrogen production
18:06 HJSC wins a bid to build two dual-fuel LNG 7,700 TEU-class container ships
17:57 PortNews’ week headlines summary
17:06 MOL, Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding start joint development on net zero emission ammonia-fueled ocean-going liquefied gas carrier
16:51 Samsung Heavy Industries lands orders for 14 LNG carriers - Businesskorea
16:01 Expert says Russia’s Far Eastern seaports set for handling up to 1.5 million TEUs of exports
15:46 Alicat secures £2 million contract to build further two new vessels for North Star’s renewables fleet
14:55 CMA CGM and Port Authority of Singapore sign MoU
14:30 Gazprom Dobycha Nadym to start reclamation project for the development of the Yamal’s Kruzenshternskoye field
14:03 Chevron Marine Lubricants white paper assesses future cylinder oil needs
13:21 Bureau Veritas delivers AiP to the MANTA, an innovative clean up vessel
12:42 Sea Port of St.Petersburg beefs up its crane fleet
12:35 DP World and PCFC to modernise Romania’s Constanta Port with new RO-RO terminal
12:29 Sber CIB expects oil price to hit $100 a barrel by year-end
12:09 Successful completion of CNF19M ferry "General Chernyakhovsky" sea trials
12:09 Crowley, ESVAGT strengthen venture for U.S. offshore wind vessels
11:52 Port of Corpus Christi sets new tonnage and revenue records in first four months of 2022
11:35 Samskip and Ocean Infinity secure funds to drive forward hydrogen-fuelled SeaShuttle container ship
11:33 Oil prices show weak growth, mixed changes
11:25 “Viking Saturn” floated out in Ancona
10:53 HYPORT Coordination Company signs second land reservation agreement for a green hydrogen and ammonia production plant with OPAZ
10:41 Chinese shipbuilders delivered the largest container ship ever
10:30 Baltic Enabler transferred to the WALLENIUS SOL shipping line
10:12 Wilhelmsen enters into agreement to acquire Stromme to join forces on cargo hold cleaning
08:58 MABUX: Bunker prices may demonstrate irregular changes on June 24

2022 June 23

18:35 Emanuele Grimaldi appointed ICS Chairman
17:51 Ports of Stockholm opens new quay at Frihamnen Port
17:31 German seaports call for new ideas to reduce ship emissions - bremenports
17:16 PIL launches new service WS6 to expand coverage between Far East and West Coast South America