• Home
  • News
  • MABUX: Slight irregular fluctuations to prevail again in Global bunker market on Jul.29
  • 2022 July 29 09:35

    MABUX: Slight irregular fluctuations to prevail again in Global bunker market on Jul.29

    MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO in the main world hubs) demonstrated firm upward evolution on July 28:

    380 HSFO - USD/MT – 624.36 (+11.81)

    VLSFO - USD/MT – 926.77 (+11.66)

    MGO - USD/MT – 1 231.23 (+26.08)

    As of July 28, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price benchmark) had no significant changes: the HSFO segment was mainly underestimated, the VLSFO segment was considerably overestimated, and the MGO LS segment changed irregular.

    Fuel 380 HSFO, according to MDI, was undervalued on July 28 in three ports out of four selected: Houston remained the only port with fuel overcharged: plus $36 versus plus $33 a day earlier. In other ports, the underpricing premium was registered as: Rotterdam - minus $108 (vs. minus $118 the day before), Singapore - minus $132 (minus $138) and Fujairah - minus $131 (minus $154). The overcharge premium rose moderately, while the underpricing continued to expand.

    VLSFO fuel grade, according to the MDI index, remained overvalued on July 28 in all four selected ports: Rotterdam - plus $ 37 (plus $ 34 the day before), Singapore - plus $ 119 (plus $ 136), Fujairah - plus $ 115 (plus $ 144) and Houston - plus $85 (plus $89). VLSFO overcharge premium increased slightly in Rotterdam, but declined in Fujairah, Singapore and Houston.

    In the MGO LS segment, the port of Rotterdam remained in the underestimation zone on July 28 for two days in a row (the first time in the last 7 days with no fluctuations between the zones): minus $ 10 versus minus $ 3 the day before. Singapore also remained in the underestimation zone: minus $47 (minus $51). In Fujairah and Houston, the MDI index registered fuel overpricing by plus $193 (plus $180) and plus $34 (plus $54), respectively. The MDI index still does not have a firm trend in the MGO LS segment.

    We expect slight irregular fluctuations to prevail again in Global bunker market today: 380 HSFO – plus-minus 2-5 USD / MT, VLSFO – plus-minus 2-6 USD / MT, MGO LS – plus-minus 2-10 USD/MT.

    Source: www.mabux.com


2023 February 6

20:51 Russian Railways CEO confirms plans on launching new traffic to Lavna port in December 2023
18:30 Portsmouth International Port to accept an offer from Scottish and Southern Energy Network to secure extra power supply
18:03 Freeport of Ventspils Ro-Ro cargo volumes up 4% to 2.35 million tonnes in 2022
17:28 The National Fund of Greece confirms eight investment schemes in the tender for the development of Volos Port
16:47 K Shipbuilding receives $175m order from Al Seer Marine for the construction of four tankers
16:24 Fuel oil shipments from Russia to India totalled at least 0.5 million tonnes in January 2023 - Reuters
16:14 RF Government expands programme to compensate expenses for transportation of goods to North-West ports
15:45 Earthquake damages Turkiye's energy infrastructure, major port
15:23 Astrakhan shipyard of USC to commence building dry bulk / container carriers of Project 00108 for North-South corridor in 2023
15:19 BSM managed Service Operation Vessel “Windea Leibniz” finished an extensive upgrade at Ulstein Shipyard in Norway
14:55 DP World container volumes up 1.4% to 79.0 million TEUs in 2022
14:35 IHC Dredging delivers Beagle 4 to Gebr. van der Lee
13:51 Rosmorport announces tender for dredging on Volga-Caspian Shipping Canal
12:49 INPEX Corporation completes ammonia bunker barge study - Ship & Bunker
12:37 Ba Ria-Vung Tau province ready to support foreign car carrier on fire
11:42 Equinor and SSE Renewables carry out early scoping work on potential 4th phase of Dogger Bank Wind Farm
11:39 OceanPal Inc. announces appointment of Robert Perri as CEO
11:24 Accelleron signs Turbo MarineCare agreement with Associated Maritime Company (Hong Kong)
11:23 Turkish shipyard to build two ferries for CMAL
10:08 NYK Line posts 9M and 2023 FY results
09:55 First serial production of hydrofoils to be established in Moscow Region
09:29 EU and G7 adopted further price caps for seaborne Russian petroleum products

2023 February 5

15:41 Stena Drilling sign a new contract with UK's Ithaca Energy for Stena Spey
13:19 New partnership aims to take Norwegian offshore wind to the next level
11:07 Hundreds evacuated after fire ignites on cruise ship in Sydney, Australia
09:38 Shell LNG bunker barge launched in Spain

2023 February 4

15:21 Milaha and Hareket sign a strategic alliance to provide integrated heavy lift and oversized transportation services
14:29 DOF awarded EPRD contract by Equinor
13:14 The Port of Sagunto doubles its natural gas traffic by 2022
11:03 GTT obtains funding from Bpifrance for the MerVent 2025 project, winner of the "Corimer 2022" call for expression of interest

2023 February 3

18:22 IAA PortNews’ summary of past week news
18:07 Port of Tallinn and Utilitas Wind to cooperate on the development of offshore wind farms
17:50 Gazpromneft Marine Bunker to supply 10,000 t of LNG for bunkering of Rosmorport’s ferries operating on Ust-Luga – Kaliningrad line
17:43 New container line connects the Port of Gothenburg with Iceland
17:23 OX2 and the Bank of Aland plan a Mega Green Port project in Aland
17:08 Sovcomflot’s new oil tanker Okeansky Prospect underwent first loading at port Kozmino
16:31 CMA CGM revises its NC Levant service connecting North Europe with East Med/Levant area
16:12 SCZONE and Hungarian HEPA will sign an expected joint agreement by the end of the month
15:46 DNV white paper outlines suggestions to achieve a sustainable maritime ecosystem in India
15:03 NYK Line receives 1st LNG-powered car carrier from China Merchants - Offshore Energy
14:32 PIL strengthens SEA linkages with new Thailand Philippines Straits Service
14:25 Atomflot and Baltiysky Zavod sign contract for construction of fifth and sixth nuclear-powered icebreakers of Project 22220
14:02 Niestern Sander signs contract for conversion project multipurpose offshore vessel
13:42 Maersk North America and Ashdod Port Company sign agreement to collaborate on logistics and supply chain innovation
13:24 Drydocks World and Aker Solutions form joint venture to upgrade production at UK’s Rosebank oil and gas field
12:54 Fincantieri holds float out ceremony for the third luxury cruise ship for Regent Seven Seas Cruises
12:36 Flood of Russian fuel oil into Singapore boosts bunker margins - Ship & Bunker
12:16 Vyborg Shipyard and Atlantrybflot sign acceptance/delivery certificate for lead factory freezer trawler of Project KMT02.02
12:13 Eight shipyard workers injured in blast on Vietnamese bulk carrier
11:38 RF Government postpones acquisition of two Kometa 120M hydrofoils again
11:32 China boosts imports of fuel oil blended from Russian barrels - Reuters
10:53 DP World wins bid for development of a mega-container terminal at India’s Deendayal Port
10:31 Fujairah VLSFO sees biggest daily gain since July - Ship & Bunker
10:19 Railway ferry Baltiysk to return to Ust-Luga-Baltiysk line on 13 February 2023
09:57 ZIM upgrades its Asia-US East Coast ZXB service
09:21 Rosatom supports 6th Modern Solutions for Hydraulic Works Conference as its Partner

2023 February 2

18:07 ZIM introduces a new premium line from South America West Coast to US East Coast
17:41 Italian ship makes record journey into Antarctic
17:25 WinGD demonstrated its latest X-DF-2.0 technology, on-engine iCER, to several LNG carrier owners
17:17 STX Dalian shipyard rebooted as Hengli Heavy Industry - Seatrade