• 2019 December 30 12:24

    MABUX: Bunker market this morning, Dec 30

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

    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) demonstrated upward changes on December 27:

    380 HSFO: USD/MT – 379.60 (+4.05)
    180 HSFO: USD/MT – 416.75 (+4.05)
    MGO: USD/MT – 701.70 (+6.99)


    Meantime, world oil indexes rose slightly on Dec.27.

    Brent for February settlement increased by $0.24 to $68.16 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for February rose by $0.04 to $61.72 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $6.44 to WTI. Gasoil for January delivery increased by $3.00.

    Today morning oil indexes are stable underpinned by optimism over an expected U.S-China trade deal, while traders kept a close eye on the Middle East following a U.S. air strike.

    In the Middle East, the United States carried out air strikes on Dec.29 in Iraq and Syria against the Kataib Hezbollah militia group, while protesters in Iraq on Dec.28 forced the closure of its southern Nassiriya oilfield. U.S. officials said the air strikes in response to the killing of a U.S. civilian contractor in a rocket attack on an Iraqi military base were successful, but warned that "additional actions" may still be taken.

    On Dec.29, China's Commerce Ministry said it is in close touch with the United States on the signing of a long-awaited trade deal. The two countries on Dec. 13 announced a "Phase one" agreement that reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods.

    Iraq's oil ministry said the production halt at the Nassiriya oilfield will not affect the country's exports as it will use additional output from southern oilfields in Basra. Elsewhere, Libyan state oil firm NOC said it is considering the closure of its western Zawiya port and evacuating staff from the refinery located there due to clashes nearby.

    At the same time, oil prices edged higher after the Energy Information Administration reported an inventory draw of 5.5 million barrels for the week to December 20 in its last weekly petroleum status report for 2019. At 441.4 million barrels, inventories were some 2 percent above the seasonal average.

    Oil indexes were also boosted by moves by the Organisation of the Petroleum Exporting Countries and other producers, including Russia, to curb production. OPEC+ this month decided to prolong its oil output restriction deal until the end of March and to deepen the cuts in order to balance out the oil market. Russian Energy Minister Alexander Novak said on Friday OPEC+, may consider wrapping up their oil output reduction in 2020.

    According to Baker Hughes The final US oil rig count for the year decreased last week by 8. The number of oil rigs have declined by 207 this year alone, but production has grown from 11.7 million bpd at the beginning of the year to 12.8 million bpd, for week ending Dec 20—just 100,000 bpd off the all-time high from a few weeks ago.

    The spread between delivered marine fuel 0.5% and delivered 380 CST high sulfur bunker fuel in Singapore has widened to a new record high of $420/mt, with less than one week to go before IMO 2020 begins. Steady demand and tight prompt delivery boosted MF 0.5% bunker differentials over the last couple of weeks. In contrast, buying activity has rapidly declined for 380 CST high sulfur bunker fuel since November, ahead of the International Maritime Organization’s 0.5% sulfur mandate, which starts January 1.

    Following the trend in Singapore, the price spread between delivered MF 0.5% and HSFO also hit new record highs across major ports in North Asia, following stronger demand for low sulfur fuel oil and shrinking appetite for HSFO.

    We expect bunker prices will demonstrate little changes today: within plus/minus 1-3 USD.

    We wish Happy New Year to all of our readers and subscribers! May the next year to bring you a lot of joy and happiness!




2020 October 19

18:11 CMA CGM to launch the East Med - Black Sea Express
18:01 Taganrog coastal station of NAVTEX service obtains certificate of conformity
17:48 BPA to host 5G workshop
17:27 FESCO to supply India's research stations in Antarctica for the third year in a row
17:06 Valenciaport registers the record with 477,194 containers handled in September 2020
16:46 4th “LNG Fleet, LNG Bunkering and Alternatives” conference to be held online on 28 October 2020
16:05 Milaha obtains “ISO 27001” certification for Information Security Management System
15:49 Rosmorport's sailing ship “Mir” to sail around the world in 2022-2023
15:12 Mitsubishi Shipbuilding receives approval in principle for LNG fuel gas supply system from Bureau Veritas
15:04 A.P. Moller - Maersk integrates the European customs services specialist KGH Customs Services
14:35 Harvey Gulf orders Wärtsilä Energy Storage for another four LNG-powered Supply Vessels
14:30 Average spot market price for Russian M100 product rose to RUB 11,894 pmt
14:11 GTT announces the acquisition of Areva H2Gen
13:58 Project on construction of fish terminal “Udarnik” registered as second resident of Arctic Capital PDA
13:17 Ukraine's January-September 2020 coal imports down 15%
13:11 ZIM and Alibaba.com sign strategic cooperation agreement
12:52 Port of Riga sets itself new goal to become region's leader in grain handling
12:33 TransContainer increased container transportation volumes by 15.1% YoY
12:04 Port of Oakland names Acting Communications Director
11:47 Blagoverf shipyard lays down buoy tender of project 3052 for Rechvodput
11:06 EPS collaborates with GoodFuels for marine biofuel bunker trial
10:42 Ocean Yield ASA acquires two suezmax newbuildings with long-term charters
10:40 First sections for ice-resistant platform LSP “A” shipped to outfitting yard
09:58 North Carolina Ports awarded $16 million grant for infrastructure improvements
09:39 MABUX: Bunker market this morning, October 19
09:25 Week beginning is marked by oil prices decrease
09:12 Baltic Dry Index as of October 16

2020 October 18

16:05 Inmarsat and Cobham SATCOM enable Maldives fisheries sustainability with Fleet One
15:58 JAXPORT now offers expanded service to the West Coast of South America through ONE
14:11 Nordic American Tankers says full financing of Suezmax duo is in place
13:14 Bright outlook at Gibdock as bookings remain solid
12:27 Supply contracts signed for main equipment for Squadron 2020 project
11:09 Port of Gdansk inks LoI with Ukrainian Sea Ports Authority

2020 October 17

12:54 CMA CGM announces FAK rates from West Med, Adriatic, Black Sea & East Med to Far East
11:51 CMA CGM extends PSS from Asia to North Europe
10:42 THE Alliance announces updated service adjustments for November 2020
09:34 The largest LNG-powered container ship ever built features Wärtsilä solutions
08:37 CMA CGM and MSC share information through the blockchain-based data platform TradeLens

2020 October 16

18:43 Taiwanese dredging project awarded to Van Oord
18:33 Yair Seroussi appointed as ZIM’s Chairman of the Board of Directors
18:00 Сargo turnover of DeloPorts terminals in 9M'2020 increased by 40% YoY
17:36 Krylov Center scientists developed 6.5 MW electric propulsion/steering unit
15:59 Throughput of Kaliningrad port in 9M’2020 fell by 6% Y-o-Y
15:01 CMA CGM announces FAK rates from the Middle East Gulf to North Europe and the Mediterranean
14:37 Throughput of port Vyborg in 9M’2020 fell by 46% Y-o-Y
14:14 Scorpio Bulkers announces the sale of an Ultramax vessel
13:55 Oboronlogistics completes summer navigation 2020 with cargo delivery to Tiksi
13:13 CMA CGM announces FAK rates from North Europe to Gulf and Red Sea
12:51 Throughput of port Vysotsk in 9M’2020 fell by 6% Y-o-Y
12:49 Damen hands over MV Swift to Windermere Lake Cruises
12:34 Throughput of Ust-Luga port in 9M’2020 decreased by 1% Y-o-Y
12:12 CMA CGM to launch BRAZEX 2 service, a new milestone for CMA CGM in Latin America
12:06 Belgian and Dutch inland ports plan to establish a single shore-based power system
11:51 Bunker prices started decreasing in the Port of Saint-Petersburg, Russia (graph)
11:33 Throughput of Port St. Petersburg fell by 2% in 9M’2020
11:12 PrimeServ upgrade delivers massive emission and fuel savings to Norwegian trawler
10:58 Global Ports' 9M 2020 consolidated marine container throughput increased by 7.1%
10:14 Container throughput of Hong Kong port (China) in 9M’2020 fell by 3.2%
09:53 MABUX: Bunker market this morning, Oct.16
09:36 Throughput of Chinese sea and river ports in 9M’2020 climbed by 3% YoY