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...
MABUX
MABUX: Expectations for the downward trend to continue in Global bunker market
“Over the Week 30 MABUX global bunker indices continued firm downward trend,” said Sergey Ivanov, director of Marine Bunker Exchange (MABUX). The 380 HSFO index went down by another US$24.98 from US$638.88 /mt. The VLSFO index, in turn, fell by US$43.53 from US$960.39/mt. The MGO index also lost US$40.12 from US$1245.02/mt.
The Global Scrubber Spread (SS) weekly average – the difference in price between 380 HSFO and VLSFO – dropped sharply for the third week in a row – minus US$30.75 (vs....
MABUX expects bunker prices to continue moving in different directions
Over Week 24 of the year, the world bunker indices showed moderate irregular changes, according to Sergey Ivanov, director of Marine Bunker Exchange (MABUX).
The 380 HSFO index fell to US$760.12 /mt, the VLSFO index, in turn, rose to US$1093.45 /mt and the MGO index climbed to US$1391.67 /mt.
“The VLSFO and MGO indices are at their all-time highs” pointed out Ivanov.
The Global Scrubber Spread (SS) weekly average – the price difference between 380 HSFO and VLSFO – continued its firm upward trend...
https://container-news.com/mabux-expects-bunker-prices-to-continue-moving-in-different-directions/
MABUX: We expect bunker indices to change upwards next week
Over the Week 20, the world bunker indices did not have a firm trend and changed irregular, Sergey Ivanov, Director, MABUX, said.
The 380 HSFO index rose by US$18.88 from to US$737.50 /mt. The VLSFO index went up more significantly, by US$36.82 USD to US$970.55 /mt. The MGO index, on the contrary, fell by US$21.06 to US$1246.86 /mt. There are no signs of a sustainable trend’s formation in the global bunker market yet.
The Global Scrubber Spread (SS) weekly average – the price difference between...
https://container-news.com/mabux-we-expect-bunker-indices-to-change-upwards-next-week/
SEA-LNG disapproves of World Bank’s LNG conclusions
Industry coalition SEA-LNG said the World Bank’s recommendation to avoid investing in LNG bunkering infrastructure risks slowing down the shipping industry’s transition to decarbonisation.
A report published by the World Bank found that LNG is likely to play a ‘limited role’ in the decarbonisation of the shipping sector, noting its specific niche applications on pre-existing routes or in specific vessel types. In a response, SEA-LNG said the report ‘attempts to prescribe solutions’ and ‘predict...
https://container-news.com/sea-lng-disapproves-of-world-banks-lng-conclusions/
Better Results Expected for the Global Bunker Market in 2021
- The World Bunker Index MABUX displayed irregular fluctuations over a week due to COVID-19 pandemic’s spread related worries.
- Border closures & shutdowns continue to constrain fuel demand.
- 380 HSFO index fell from 367.25 USD/MT to 365.95 USD/ MT (-1.30 USD),
- VLSFO added 1.00 USD: from 461.00 USD/MT to 462.00 USD/MT while
- MGO gained 2.25 USD and changed from 515.58 USD/MT up to 517.83 USD/MT.
The COVID-19 pandemic’s spread is taking center stage again and markets are getting increasingly...
https://mfame.guru/better-results-expected-for-the-global-bunker-market-in-2021/
Scrubbers – 380 HSFO Combination Attractive As Global Scrubber Spread Widens
The combination of scrubbers and 380 HSFO seems more attractive to the shipowners after the global scrubber spread (the price difference between 380 HSFOs and VLSFOs) widened this week, says an article published in container news.
Global bunker market trendsThe global bunker market has shown signs of moderate growth over the past seven days, but there is still no firm ground for a sustained uptrend, according to the Marine Bunker Exchange (MABUX).
Challenges
There are also challenges in the form...
https://mfame.guru/scrubbers-380-hsfo-combination-attractive-as-global-scrubber-spread-widens/
Titan offers a window to LNG power
Liquified natural gas (LNG) supplier Titan LNG has launched a price overview of LNG as a marine fuel looking at prices in the key regions of Rotterdam, North Sea, Baltic, Mediterranean and Singapore. Reference prices are available for two different drop sizes – 250 and 1,000 tonnes – for each region.
The price page is available on Titan’s website and presenting prices across three delivery options, including truck-to-ship, FlexFueler barge, and sea-going bunker vessels.
The price comparison...
https://container-news.com/titan-offers-a-window-to-lng-power/
Pfizer potential coronavirus vaccine pushes up bunker prices
Oil and fuel prices rose this week after Pfizer announced that its vaccine would be more than 90% effective for the coronavirus, according to the courtesy of Marine Bunker Exchange.
The World Bunker Index MABUX has demonstrated firm upward evolution during the week. The 380 HSFO index rose from US$312.81/tonne to US$368.00/tonne, VLSFO added US$24.00/tonne and reached US$369/tonne while MGO increased to US$432.95/tonne.
At the same time, the global scrubber spread (the price difference 380 HSFOs...
https://container-news.com/pfizer-potential-coronavirus-vaccine-pushes-up-bunker-prices/
MABUX expects no oil market balance in 2020
High uncertainties about Covid-19 and the economic recovery continue to weigh on the fuel market and bunker prices, according to the courtesy of MABUX, which said, “It is clear now that 2020 would not be the year of oil market balance as the world still has a lot of excess crude and oil product stocks to process.”
The World Bunker Index MABUX turned into a slight downward trend for a week with the 380 HSFO index fell to US$296.38 / mt, VLSFO decreased to US$347 /mt while MGO declined to...
https://container-news.com/mabux-expects-no-oil-market-balance-in-2020/