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  • 2022 August 9 08:49

    MABUX: Global bunker market to stay in standby position with no firm trend on Aug 09

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

    MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO in the main world hubs) did not have a firm trend and changed irregular on August 08:

    380 HSFO - USD/MT – 591.91(+2.11)
    VLSFO - USD/MT – 835.68 (-11.83)
    MGO - USD/MT – 1 122.11 (-23.32)

    As of August 08, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices and the MABUX digital bunker price benchmark) still had no substantial changes: the HSFO segment was mostly undervalued, the VLSFO segment was overvalued, and mixed trends remained in the MGO LS segment.

    380 HSFO fuel grade, according to MDI, was undervalued on August 08 in three ports out of four selected: Houston remained the only port with fuel overpriced: plus $59 versus plus $69 the day before. In other ports, the underestimation premium was: Rotterdam - minus $58 (vs. minus $64 a day earlier), Singapore - minus $97 (minus $86) and Fujairah - minus $109 (minus $125). The overestimation was decreasing, while the underestimation was changing insignificantly.

    VLSFO fuel grade, as per the MDI index, remained overvalued on August 08 in all four selected ports: Rotterdam - plus $ 33 (plus $ 37 the day before), Singapore - plus $ 57 (plus $ 71), Fujairah - plus $ 152 (plus $ 213) and Houston - plus $70 (plus $77). VLSFO overcharge declined slightly across all ports, with the biggest change being minus 61 points in Fujairah.

    Two ports in the MGO LS segment remained in the undervaluation zone on August 08: Rotterdam - minus $1 (minus $28 a day earlier) and Singapore - minus $65 (minus $28). In Fujairah and Houston, the MDI registered fuel overpricing by plus $224 (plus $175) and plus $44 (plus $32), respectively. In the MGO LS segment, the MDI index had no firm trend: in Rotterdam, the underpricing was decreasing, while in Singapore it was rising. Meantime, the fuel overcharge premium in Fujairah and Houston also increased.

    We expect Global bunker market does not have any firm trend on August 09: 380 HSFO – plus 5-10 USD / MT, VLSFO – plus 9-14 USD / MT, MGO LS – minus 8-24 USD/MT.

    Source: www.mabux.com

2022 September 30

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14:03 Rolls-Royce and Lürssen to focus on methanol propulsion for large yachts
13:32 Successful delivery of 1800TEU container vessel M/V “ASL HONGKONG”
13:16 DNV confirms Nordseecluster wind farms will comply with German offshore regulations
13:13 Turnover of FESCO’s Far East coastal services in 8M’2022 rose by 6%, YoY
12:53 Orsted completes divestment of 50 % of Hornsea 2 Offshore Wind Farm
12:44 Handling of Belarus’ oil products in Russian ports can total 3 million tonnes in 2022
12:21 ABS and DSME team-up on decarbonization strategy
12:01 OOCL completes trial voyage with biofuel from Chevron
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11:22 POT and EMERCOM held joint firefighting exercise on oil tanker in Saint-Petersburg
11:05 Dutch fishing vessel struck anchored product tanker, oil leak
10:37 China's first 2,000-ton offshore wind power installation platform delivered in Guangzhou - China Daily
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10:09 China ports container volume rises 4.1% in January - August 2022
09:55 Delivery of second ice-class buoy laying vessel of Project BLV03 accepted in Murmansk
09:32 Crude oil futures are slightly up after a decrease at the previous session
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09:21 MABUX: Bunker index may turn into downward changes on Sep 30
08:34 MABUX: Bunker Weekly Outlook, Week 39, 2022

2022 September 29

18:36 Shift Clean Energy selected to electrify 17 new tugboats
18:10 Ulstein develops 8,000t foundation installation vessel
17:50 Volgotrans files suits against Lotos shipyard for over RUB 800 million in total
17:06 Vattenfall awarded major wind power project off the coast of Germany
16:44 Krasnoye Sormovo shipyard to build three cruise ships of ‘Karelia’ design
16:34 Yinson Greentech commences construction of all-electric cargo vessel
16:18 The largest shipyard in the MENA region signs a long-term agreement with Bahri Logistics
15:56 Container shipping and logistics experts Matson joins SEA-LNG
15:04 Aker Solutions joins to the Aiming for Zero Methane Emissions Initiative
14:58 Amount of cargo transported via Bosphorus rose 40% since 2005
14:36 Hoegh Autoliners joins First Movers Coalition and commits to using green fuels already by 2030
14:25 Maritime industry unites to call for earmarking of ETS revenues
13:45 Sanmar Shipyards delivers 7th tug to SAAM Towage
13:24 Port of Cork Company launches a new 13.5-hectare container terminal
12:56 Severnaya Verf shipyard launches lead factory freezer-longliner of Project MT1112XL, Gandvik-2
12:53 China delivers first VLCC equipped with four rigid sails - The Maritime Executive
12:05 Second ship of Project 03141, Kedon, left Khabarovsk Shipyard for delivery base
11:40 Mawani signs 7 agreements during the Saudi Maritime Congress
11:03 GTT receives AiP from Bureau Veritas for the design of a LNG-fuelled & “NH3 Ready” Very Large Crude Carrier
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10:10 CPC Marine Terminal handled 382 tankers by mid-September
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09:43 State Duma approves the bill on estimation of ship construction costs
09:19 Crude oil futures show moderate decrease after growth at previous session
08:57 MABUX: Upward changes to continue in Global Bunker market on Sep 29

2022 September 28

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17:06 Crowley awarded contract by U.S. Navy’s Military Sealift Command
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