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  • 2022 August 11 08:59

    MABUX: Uptrend to continue in Global bunker market on August 11

    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) turned into upward correction on August 10:

    380 HSFO - USD/MT – 599.17 (+0.67)
    VLSFO - USD/MT – 836.24 (+5.09)
    MGO - USD/MT – 1 128.02 (+11.98)


    As of August 10, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. MABUX digital bunker price benchmark) did not have any firm dynamics so far: in the HSFO segment, underestimation ratio began to decrease slightly, while overestimation margins in the VLSFO segment rose again. Irregular changes prevailed in the MGO LS segment.

    380 HSFO fuel grade, according to MDI, was undervalued on August 10 in three ports out of four selected: Houston remains the only overpriced port: plus $43 versus plus $58 the day before. In other ports, the underprising margins were registered as: Rotterdam - minus $57 (versus minus $63 a day earlier), Singapore - minus $93 (minus $99) and Fujairah - minus $107 (minus $121). Fuel underpricing premium moderately decreased in all selected ports.

    In the VLSFO segment, there was no trend change: as per the MDI index, fuel grade remained overvalued on August 10 in all four selected ports: Rotterdam - plus $ 33 (plus $ 30 the day before), Singapore - plus $ 54 (plus $ 43), Fujairah - plus $132 (plus $129) and Houston plus $63 (plus $66). VLSFO overprice premium has started to rise moderately in all ports except Houston.

    There were two underpriced ports in the MGO LS segment, Rotterdam and Singapore, on August 10: minus $37 (plus $7 a day earlier) and minus $41 (minus $24), respectively. Meantime, Fujairah and Houston remained overvalued: plus $ 241 (plus $ 299) and plus $ 5 (plus $ 42) conformably. The undervaluation premium widened, while the overvaluation one narrowed. The most significant was the overcharge decline in Fujairah by 58 points.

    We expect Global bunker market to continue uptrend on August 11: 380 HSFO – plus 3-8 USD/MT, VLSFO – plus 5-12 USD/MT, MGO LS – plus 0-20 USD/MT.

    Source: www.mabux.com




2022 September 30

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16:07 Container ship Sparta delivered 340 TEU of consumer goods to Baltiysk in the Kaliningrad Region
15:51 Aqaba Container Terminal announces zero-emission vision
15:27 RF Government to allocate RUB 2 billion for creation of LNG equipment prototypes
15:14 HHLA and Fraunhofer CML start IHATEC project
15:04 LR approval in principle for Maridea’s Moray Base floating wind concept
14:48 Albania implements the IMO Anti-fouling Systems Convention
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
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12:21 ABS and DSME team-up on decarbonization strategy
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10:37 China's first 2,000-ton offshore wind power installation platform delivered in Guangzhou - China Daily
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09:21 MABUX: Bunker index may turn into downward changes on Sep 30
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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
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16:44 Krasnoye Sormovo shipyard to build three cruise ships of ‘Karelia’ design
16:34 Yinson Greentech commences construction of all-electric cargo vessel
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15:56 Container shipping and logistics experts Matson joins SEA-LNG
15:04 Aker Solutions joins to the Aiming for Zero Methane Emissions Initiative
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14:36 Hoegh Autoliners joins First Movers Coalition and commits to using green fuels already by 2030
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13:45 Sanmar Shipyards delivers 7th tug to SAAM Towage
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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
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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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08:57 MABUX: Upward changes to continue in Global Bunker market on Sep 29

2022 September 28

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