• 2020 January 24 10:22

    MABUX: Bunker market this morning, Jan 24

    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 irregular changes on Jan.23:

    380 HSFO: USD/MT 380.18 (+0.70)
    VLSFO: USD/MT 615.00 (-9.00)
    MGO: USD/MT 659.61 (-7.82)


    Meantime, world oil indexes fell on Jan.23 on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth.

    Brent for March settlement decreased by $1.17 to $62.04 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for March fell by $1.15 to $55.59 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $6.45 to WTI. Gasoil for February delivery lost $6.75.

    Today morning global oil indexes turned into slight upward trend so far.

    China put on lockdown two cities that were at the epicentre of a new coronavirus outbreak that has killed 17 people and infected nearly 600, as health authorities around the world scrambled to prevent a global pandemic. The potential for a pandemic has stirred memories of the Sudden Acute Respiratory Syndrome outbreak in 2002-03, which also started in China and dented economic growth and caused a slump in travel. Cases have been detected as far as away as the United States and global stock markets were also down in part due to fears of the virus spreading further as millions of Chinese prepare to travel for the Lunar New Year.

    The Energy Information Administration reported a modest crude oil inventory draw of 400,000 barrels for the week to January 17. This compared with forecast expectations of a 1.117-million-barrel inventory decline and a draw of 2.5 million barrels reported a week earlier. Last week, however, oil prices were pressured by the EIA’s reporting of hefty builds in both gasoline and distillate fuel.

    The Energy Information Administration also said that oil production in the seven most prolific shale plays in the United States is set to increase by 22,000 bpd in February to 9.2 million bpd. Oil and gas companies drilled a total of 1,036 wells in December and completed 1,086. The number of drilled but uncompleted wells has shrunk to just 7,573. This is down from 8,055 year over year, and the lowest number since October 2018. Overall, oil production in the United States continues to increase unchecked, reaching 13 million bpd for week ending January 10.

    Alexander Novak will continue to be the face of Russia’s energy diplomacy at OPEC+ summits as he remains Russia’s Energy Minister in the new government that President Vladimir Putin appointed Jan.21. Novak, who has been leading the energy ministry since 2012, has been a key figure in the talks between OPEC and its leader and largest producer, Saudi Arabia, and the Russia-led alliance of non-OPEC producers in cutting deals to reduce oil production in recent years. After a week of speculation and uncertainty about who will hold which posts, including that of the energy minister, Putin signed the executive order to appoint the new government. Several key ministers, including Novak and Finance Minister Anton Siluanov, will keep their posts. Russia’s position regarding the fate of the deeper production cuts in place until the end of March will be much less familiar, as Novak is known for keeping it ‘a secret’ until the day of the meeting.

    The European Union is eyeing long promised punitive measures against Turkey for its illegal military incursion into northern Syria, as well as its unauthorized natural gas drilling off Cyprus' coast. The EU has moved to cut pre-accession aid to Turkey by 75 percent (the Instrument for 'Pre-Accession Assistance' (IPA) is offered in support of reforms in countries in the process of joining the EU). The cut in aid, however, doesn't affect the €3.5 billion offered to Turkey as part of a larger EU deal to prevent refugees from reaching European shores. Meantime, the EU has already warned Turkey of possible repercussions over illegal gas drilling off the coast of Cyprus.

    General Khalifa Haftar has shut off more than half of Libya’s oil exports, and the National Oil Company (NOC) has declared force majeure, taking 800,000 barrels per day of crude offline for export, and costing the country some $55 million in lost revenues daily. Four key ports - Hariga, Brega, Sidra and Ras Lanuf - are closed and under force majeure as of 18 January. Once these ports reach their storage capacity, which is limited, the NOC will have to shut down crude oil production. Right now, the NOC is reducing crude oil production rates to avoid a total shutdown of production. A total shutdown would take all 1.2 million bpd offline and cost the country $77 million a day. However, even if Libya shutters its entire 1.2 million bpd, OPEC can offset the supply disruption with a spare 3 million bpd of capacity, so the impact would be limited.

    IBIA found that most shipping and bunkering companies had experienced a ‘surprisingly smooth transition’ for IMO 2020, but there was uncertainty on how to deal with sulphur test results marginally above the 0.50% limit. As per IBIA, the problem lies in the difference between commercial contract interpretation around test precision principles and the MARPOL Annex VI sulphur verification procedures approved by the IMO for authorities to use when obtaining samples from ships to check for compliance. It was also noted that majority of the companies have not had the operational problems that have been predicted due to fuels with serious stability issues or due to mixing incompatible fuels onboard the ship, although VLSFO testing off-spec for sediment, an indicator of poor fuel stability, has been reported in some ports during December and January.

    We expect bunker prices to fall slightly in a range of minus 3-6 USD.

    MABUX: Bunker market this morning, Jan 24

     

    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 irregular changes on Jan.23:

     

    380 HSFO: USD/MT 380.18 (+0.70)

    VLSFO: USD/MT 615.00 (-9.00)

    MGO: USD/MT 659.61 (-7.82)

     

    Meantime, world oil indexes fell on Jan.23 on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth.

     

    Brent for March settlement decreased by $1.17 to $62.04 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for March fell by $1.15 to $55.59 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $6.45 to WTI. Gasoil for February delivery lost $6.75.

     

    Today morning global oil indexes turned into slight upward trend so far.

     

    China put on lockdown two cities that were at the epicentre of a new coronavirus outbreak that has killed 17 people and infected nearly 600, as health authorities around the world scrambled to prevent a global pandemic. The potential for a pandemic has stirred memories of the Sudden Acute Respiratory Syndrome outbreak in 2002-03, which also started in China and dented economic growth and caused a slump in travel. Cases have been detected as far as away as the United States and global stock markets were also down in part due to fears of the virus spreading further as millions of Chinese prepare to travel for the Lunar New Year.

     

    The Energy Information Administration reported a modest crude oil inventory draw of 400,000 barrels for the week to January 17. This compared with forecast expectations of a 1.117-million-barrel inventory decline and a draw of 2.5 million barrels reported a week earlier. Last week, however, oil prices were pressured by the EIA’s reporting of hefty builds in both gasoline and distillate fuel.

     

    The Energy Information Administration also said that oil production in the seven most prolific shale plays in the United States is set to increase by 22,000 bpd in February to 9.2 million bpd. Oil and gas companies drilled a total of 1,036 wells in December and completed 1,086. The number of drilled but uncompleted wells has shrunk to just 7,573. This is down from 8,055 year over year, and the lowest number since October 2018. Overall, oil production in the United States continues to increase unchecked, reaching 13 million bpd for week ending January 10.

     

    Alexander Novak will continue to be the face of Russia’s energy diplomacy at OPEC+ summits as he remains Russia’s Energy Minister in the new government that President Vladimir Putin appointed Jan.21. Novak, who has been leading the energy ministry since 2012, has been a key figure in the talks between OPEC and its leader and largest producer, Saudi Arabia, and the Russia-led alliance of non-OPEC producers in cutting deals to reduce oil production in recent years. After a week of speculation and uncertainty about who will hold which posts, including that of the energy minister, Putin signed the executive order to appoint the new government. Several key ministers, including Novak and Finance Minister Anton Siluanov, will keep their posts. Russia’s position regarding the fate of the deeper production cuts in place until the end of March will be much less familiar, as Novak is known for keeping it ‘a secret’ until the day of the meeting.

     

    The European Union is eyeing long promised punitive measures against Turkey for its illegal military incursion into northern Syria, as well as its unauthorized natural gas drilling off Cyprus' coast. The EU has moved to cut pre-accession aid to Turkey by 75 percent (the Instrument for 'Pre-Accession Assistance' (IPA) is offered in support of reforms in countries in the process of joining the EU). The cut in aid, however, doesn't affect the €3.5 billion offered to Turkey as part of a larger EU deal to prevent refugees from reaching European shores. Meantime, the EU has already warned Turkey of possible repercussions over illegal gas drilling off the coast of Cyprus.

     

    General Khalifa Haftar has shut off more than half of Libya’s oil exports, and the National Oil Company (NOC) has declared force majeure, taking 800,000 barrels per day of crude offline for export, and costing the country some $55 million in lost revenues daily. Four key ports - Hariga, Brega, Sidra and Ras Lanuf - are closed and under force majeure as of 18 January. Once these ports reach their storage capacity, which is limited, the NOC will have to shut down crude oil production. Right now, the NOC is reducing crude oil production rates to avoid a total shutdown of production. A total shutdown would take all 1.2 million bpd offline and cost the country $77 million a day. However, even if Libya shutters its entire 1.2 million bpd, OPEC can offset the supply disruption with a spare 3 million bpd of capacity, so the impact would be limited.

     

    IBIA found that most shipping and bunkering companies had experienced a ‘surprisingly smooth transition’ for IMO 2020, but there was uncertainty on how to deal with sulphur test results marginally above the 0.50% limit. As per IBIA, the problem lies in the difference between commercial contract interpretation around test precision principles and the MARPOL Annex VI sulphur verification procedures approved by the IMO for authorities to use when obtaining samples from ships to check for compliance. It was also noted that majority of the companies have not had the operational problems that have been predicted due to fuels with serious stability issues or due to mixing incompatible fuels onboard the ship, although VLSFO testing off-spec for sediment, an indicator of poor fuel stability, has been reported in some ports during December and January.

     

    We expect bunker prices to fall slightly in a range of minus 3-6 USD.




29 марта 2024

14:04 Опубликован проект правил перевозки пассажиров, багажа, грузов для личных нужд на внутреннем водном транспорте
13:46 «Нордик Инжиниринг» завершил этап разработки трехмерной модели судна проекта NE028 «Лотос»
13:21 Вице-губернатор Санкт-Петербурга подтвердил трудности с ценообразованием при строительстве судов
13:00 Субъекты РФ планируется наделить полномочиями по ограничению судоходства в экологических целях
12:37 Андрей Тарасенко назначен руководителем Росморречфлота
12:19 Траулер-процессор проекта 170701 «Капитан Абакумов» для «Норебо» спущен на воду в Санкт-Петербурге
12:08 Дизель-электроход «Василий Головнин» завершил антарктическую экспедицию 2023-2024 годов
11:47 Владелец судна Hai Jin Jiang согласился выплатить штраф за разлив нефтепродуктов в порту Новороссийск
11:33 На очередном перегоне Байкало-Амурской магистрали открыто движение по новому пути
11:11 Построенный на верфи «Пелла» в Ленобласти рейдовый буксир проекта 90600 «Ижорец» завершает государственные испытания
10:49 Глава Бурятии: Развитие туризма на Байкале требует обновления круизного флота
10:26 В Росморречфлоте поддержали идею о создании речного оператора при участии РЖД
10:07 Новую верфь в России планируется создать в виде вертикально интегрированной компании с разными компетенциями
09:28 На траулере проекта СРТМ4470 «Кулой» поднят государственный флаг РФ
09:06 В рамках проекта «Санкт-Петербург Марина» к 2026 году планируется построить объекты для хранения и ремонта судов
08:43 Число судов для разъездных целей в морских портах Астрахань и Оля увеличено до 5 единиц
08:21 Отряд боевых кораблей Тихоокеанского флота зашел в Красное море в рамках дальнего морского похода
08:00 Опубликована часть программы научно-деловых мероприятий Международного военно-морского салона «Флот»

28 марта 2024

19:00 Минэнерго США: Перебои в работе порта Балтимор повлияют на объемы экспорта угля из страны в 2024 году
18:47 Подготовлен проект постановления правительства РФ о переходе на электронный документооборот на транспорте
18:38 АСОП избрала новый состав совета директоров
18:24 Росморпорт ищет поставщика служебно-разъездного катера для нужд Астраханского филиала
18:07 Морспасслужба более 40 раз за зиму использовала беспилотники для мониторинга ЧС в дальневосточных акваториях
17:51 Навигация 2024 года открылась на пригородном маршруте Самара — Подголятино
17:39 Работа над перечнем мероприятий федпроекта развития опорной сети морских портов России завершится в апреле
17:22 Заключена концессия на строительство перегрузочного комплекса в порту Новороссийск
17:01 Контейнерный рынок России за январь-февраль 2024 года увеличился на 18%
16:56 Объем внешней торговли Китая в январе-феврале 2024 года возрос на 8,7%
16:34 Правительство РФ в ближайшее время утвердит паспорт третьего этапа развития Восточного полигона
16:13 Китай нарастил импорт сырой нефти в январе-феврале 2024 года на 5,1%
15:52 Морское грузопассажирское судно арктического класса заложено в Самаре
15:42 Суд Ярославля рассмотрит дело в отношении капитана теплохода «Москва-208» из-за оказания небезопасных услуг
15:21 Китай увеличил импорт угля в январе-феврале 2024 года на 23%
14:59 Чистая прибыль «Порта Тольятти» в 2023 году выросла в 2,9 раза — до 230,4 млн рублей
14:35 В Красноярском крае наложен арест на теплоход «М.Ю. Лермонтов»
14:13 Bureau Veritas выдало первый в мире сертификат на плавучую морскую солнечную технологию
13:49 Мировой импорт СПГ в январе-феврале 2024 года вырос на 3,7% — до 72,8 млн тонн
13:24 Первое высокоскоростное пассажирское дизель-электрическое судно из углеродного волокна спущено на воду в Гонконге
13:02 На Адмиралтейских верфях заложили автономный глубоководный аппарат «Сергей Бавилин» для ВМФ России
12:38 Avikus заявила о снижении расхода топлива на 15% у автономного балкера дедвейтом 325 тыс. тонн
12:17 Кассация приняла к производству жалобу Wartsila на взыскание 2,37 млн евро по иску Адмиралтейских верфей
11:56 В порту Новороссийск до конца 2025 года планируется построить комплекс перевалки железнорудного сырья
11:35 Вывоз удобрений из РФ планируется ограничить объемом в 19,74 млн тонн с 1 июня по 30 ноября 2024 года
11:13 Товарооборот Приморья и Китая в 2023 году увеличился на 15% — до $8,5 млрд
10:54 Чистая прибыль ОАО «Тверской порт» за 2023 год упала в 22,8 раза
10:10 На Амурском судостроительном заводе запланирована реконструкция спускового комплекса
09:49 Судоремонтный и судостроительный кластер создадут в Приморье в 2024 году
09:26 Загрузка холодильных мощностей в портах Приморья снизилась с 51% в середине февраля до 40% в конце марта
09:03 Владивостокский автомобильный терминал в 2023 году обработал более 72 тыс. машин
08:41 Подготовлен проект изменений в Обязательные постановления в порту Усть-Луга
08:22 Объявлены сведения о глубинах и проходных осадках судов в порту Пригородное (Сахалин)
08:00 К услугам Азово-Черноморского бассейнового филиала Росморпорта открыт электронный доступ

27 марта 2024

19:00 Опубликован проект новой редакции Обязательных постановлений в порту Кандалакша
18:34 «Большая семерка» обдумывает возможность снижения потолка цен на российскую нефть
18:16 Контейнерооборот FESCO между Россией и Китаем за 2023 год увеличился на 23% — до 350 тыс. TEU
17:52 Казахстан в ближайшее время приступит к строительству контейнерного хаба в порту Актау
17:29 В ОСК развернули киберполигон для обучения сотрудников противодействию хакерским атакам
17:13 На строительство водных судов из средств ФНБ выделено еще 1,23 млрд рублей
16:51 FESCO рассчитывает сделать регулярными экспортные отправки рыбопродукции из Мурманска в Азию
16:34 Буксир Росморпорта «Рейдовый-43» должен пройти классификационный ремонт до 25 января 2025 года
16:12 Корабли Тихоокеанского флота провели противолодочное учение у берегов Камчатки
15:38 Первый этап контейнерного терминала мощностью 500 тыс. TEU будет завершен в порту Тамань в 2028 году
15:15 Росморпорт закажет концептуальный проект судоремонтного предприятия в порту Усть-Луга
14:54 Ледокол «Евпатий Коловрат» в рамках завершения заводских ходовых испытаний вышел в Авачинский залив
14:36 В Нижегородской области началась работа по строительству плавдока для архангельского СРЗ «Красная Кузница»
14:22 Для Carnival Cruise Line будет построен пятый круизный лайнер класса Excel
13:58 Владимир Путин поручил выделить допсредства на субсидирование морских грузоперевозок в Калининград
13:37 В Находкинский МТП доставлена партия крупногабаритных деталей нового портального крана «Витязь»
13:13 Доведены сведения о фактических глубинах в Большом порту Санкт-Петербург
12:52 ИЛИСТ СПбГМТУ разработал сварочную лазерно-дуговую установку для Онежского ССЗ (Карелия)