As of Week 29, the MABUX global bunker indices did not show a sustainable trend and changed sideways. The 380 HSFO index fell by 2.15 USD: from 508.46 USD/MT last week to 506.31 USD/MT, approaching the psychological mark of 500 USD. The VLSFO index lost 3.86 USD (605.59 USD/MT versus 609.45 USD/MT last week). Conversely, the MGO index showed an increase of 5.12 USD, rising from 819.65 USD/MT to 824.77 USD/MT. At the time of writing, there was not a firm trend in...
bunker price
Bunker Spread Stalling Scrubber Dynamics
- As the oil prices keep tumbling due to COVID19 the shipping is faced with a gripping question to install scrubbers or not
- Scrubber users are at a disadvantage now as fuel price differential is narrowing
- The payback time of scrubber is getting longer and several shipowners are stalling scrubber installations
- At present, the scrubber economics seems to be hit by the fuel spread
According to a Lloyd’s List article written by their London-based Shipping Analyst and Markets Editor,Michelle Wiese...
https://mfame.guru/bunker-spread-stalling-scrubber-dynamics/
Cape of Good Hope Routings Slow Down As Oil Rebounds!
According to a LoadStar article written by Mike Wackett, all three east-west vessel-sharing alliances have continued to route some vessels via the Cape of Good Hope to avoid Suez Canal fees, despite discounts that kicked in on 1 May.
The Carbon Footprint ChallengeHowever, several shippers have complained about the additional carbon footprint the extended journeys generate.
For example, a voyage from Asia to North Europe via the Cape adds some 3,000 miles and five to...
https://mfame.guru/cape-of-good-hope-routings-slow-down-as-oil-rebounds/