Global Market

Global Bunker Indices Maintain Upward Trend For The Week

Credits: Diana Shipping

On September 14th, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, maintained its consistent upward trajectory.

380 HSFO – USD/MT – 590.40 (+4.82)

VLSFO – USD/MT – 694.83 (+6.14)

MGO – USD/MT – 1 037.92 (+8.29)

HSFO Pricing Shifts

As of Sep. 15, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the following changes in four selected...

https://mfame.guru/global-bunker-indices-maintain-upward-trend-for-the-week/

Bunker Indices Show Unpredictable Fluctuations

Credits: Venti Views/Unsplash

On September 13, the MABUX World Bunker Index, which calculates the index based on the prevailing prices for 380 HSFO, VLSFO, and MGO, continued its upward trajectory.

380 HSFO – USD/MT – 585.58 (+3.87)

VLSFO – USD/MT – 688.69 (+5.57)

MGO – USD/MT – 1 029.63 (+2.75)

HSFO Pricing Shifts

As of Sep. 13, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the following changes in...

https://mfame.guru/bunker-indices-show-unpredictable-fluctuations/

Global Bunker Indices Display Erratic Trends

Credit: The Korea Economic Daily

The MABUX World Bunker Index, which is calculated based on the current prices of 380 HSFO, VLSFO, and MGO, saw a renewed upward trend starting on September 12th.

380 HSFO – USD/MT – 581.71 (+1.78)

VLSFO – USD/MT – 683.12 (+1.82)

MGO – USD/MT – 1 026.88 (+10.20)

HSFO Pricing Shifts

As of Sep. 12, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the following changes in four...

https://mfame.guru/global-bunker-indices-display-erratic-trends/

Global Bunker Market’s Unpredictable Shifts

Credit: Venti Views/ Unsplash

On Sep. 07, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, defied expectations by exhibiting erratic fluctuations instead of a clear trend.

380 HSFO – USD/MT – 579.06 (+2.77)

VLSFO – USD/MT – 677.71 (-1.34)

MGO – USD/MT – 1 005.26 (-1.13)

HSFO Overcharge

As of Sep. 06, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the...

https://mfame.guru/global-bunker-markets-unpredictable-shifts/

 Bunker Weekly Outlook

Credit: The Korea Economic Daily

In Week 36, MABUX’s global bunker indices continued to rise. HSFO up $9.09 to $574.24/MT, VLSFO up $11.06 to $678.14/MT, and MGO exceeded $1000 for the first time since Feb 03, 2023, now at $1005.85/MT. Indices still trending up.

European Gas Prices and Abundant Storage

Global Scrubber Spread (SS) – the price difference between 380 HSFO and VLSFO – widened slightly over the week: plus $1.97 ($103.90 vs. $101.93 last week), but still remaining close to the $100.00...

https://mfame.guru/bunker-weekly-outlook/

Al Seer Marine Places $175M Shipbuilding Order

Credit: famingjia inventor/ Unsplash
  • The medium range IMO II/III product tankers will be built by Korea’s K Shipbuilding at Jinhae Shipyard.
  • With this latest order Al Seer Marine’s fleet totals 12 vessels, boosting its value to Dh2.3 billion.
  •  Al Seer Marine is very serious about becoming a global market leader across different marine sectors.

Al Seer Marine, a unit of Abu Dhabi-based International Holding Company, has placed an order worth Dh643 million ($175m) for the construction of four new...

https://mfame.guru/al-seer-marine-places-175m-shipbuilding-order/

Amogy Collaborates With World’s Largest Ammonia Producer

Credit: Kinsey/ Unsplash
  • Amogy’s proprietary ammonia-to-power system will be considered for future shipping projects with Yara Clean Ammonia (YCA) and external partners.
  • Collaboration represents an essential step toward broader adoption of ammonia as a next-generation, carbon-free fuel for the global economy and shipping industry.
  • YCA has ambitious plans to commercialize the use of low-carbon Blue and renewable Green Ammonia to enable decarbonization.

Amogy Inc., a pioneer in emission-free,...

https://mfame.guru/amogy-collaborates-with-worlds-largest-ammonia-producer/

Asian Markets Gain Over COVID19 Vaccine Hope

Asian shares are showing a mixed picture on Tuesday after a volatile day in U.S. equity markets amid persistent concerns over the record number of new coronavirus cases worldwide and signs of an economic rebound. reports Reuters

  • Australian S&P/ASX 200 futures lost 0.76% in early trading, Japan’s Nikkei 225 futures added 0.22%, and Hong Kong’s Hang Seng index futures rose 0.39%.
  • E-mini futures for the S&P 500 rose 0.21%.
Spike Fueled By Vaccine Hope

Asian shares rose on Wednesday led by...

https://mfame.guru/asian-markets-gain-over-covid19-vaccine-hope/

Global Markets Rally on Coronavirus Cure Reports

According to an article published in the Financial Review, Australian shares were poised to open higher as the S&P 500 and Nasdaq powered to record highs and on reports that efforts to find a cure for the coronavirus were successful. The WHO dismissed the reports.

Share Market Scenario
  • ASX futures were up 56 points or 0.8% to 6963 near 8.30am AEDT. The local currency edged up 0.1%.
  • Shares closed higher across Europe and in New York, after the release of a mix of positive economic data. The Dow...

http://mfame.guru/global-markets-rally-on-coronavirus-cure-reports/