Global Maritime Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Economic Impact
    • Emissions, Fuel Technology & Environment
    • Financing
    • Hinterland & Intermodal
    • Offshore Vessels Market
    • Piracy & Security
    • Port Environmental Impact
    • Ports & Terminals
    • Ship Building
    • Shipping Economic Trends & Regions
    • Shipping Workforce Issues
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Economic Impact
    • Emissions, Fuel Technology & Environment
    • Financing
    • Hinterland & Intermodal
    • Offshore Vessels Market
    • Piracy & Security
    • Port Environmental Impact
    • Ports & Terminals
    • Ship Building
    • Shipping Economic Trends & Regions
    • Shipping Workforce Issues
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
Global Maritime Hub
No Result
View All Result
Home Bunker Fuel

Bunker Prices Weekly Outlook – Week 23

Editor by Editor
2 years ago
min read3 min
Bunker prices
Share on FacebookShare on TwitterShare on Linkedin

During Week 23, MABUX World Bunker Index showed moderate irregular fluctuations. The 380 HSFO index has decreased by 1.70 USD: from 442.04 USD/MT to 440.34 USD/MT, the VLSFO index has fallen by 1.35 USD: from 546.43 USD/MT to 545.08 USD/MT, while the MGO index added 2.01 USD (from 628.68 USD/MT to 630.69 USD/MT).

RELATED POSTS

Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 04, 2023

7 days ago
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 03, 2023.

2 weeks ago
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 02, 2023

3 weeks ago

Bunker prices

MABUX ARA LNG Bunker Index – the average price of LNG as a marine fuel in the ARA region, has risen sharply during the week by 37.02 USD from 598.58 USD/MT to 635.60 USD/MT. At the same time, the average value of LNG Bunker Index also increased by 17.03 USD. The average price for MGO LS for the same period has increased by 13.66 USD/MT. Accordingly, the average price difference between bunker LNG and MGO LS in Rotterdam has increased significantly and is at 48.30 USD (versus 33.58 USD last week). LNG bunker price indices, TTF, NBP and Henry Hub gas futures, LNG bunker market news and more are available in the new LNG Bunkering section at www.mabux.com.

LNG index prices

The average weekly Global Scrubber Spread (SS) – the difference in price between 380 HSFO and VLSFO – has risen by $ 3.59 during the week and is above the psychological mark of $ 100: $ 105.87 (versus $ 102.28 last week). At the same time, the average value of SS Spread in Rotterdam also has increased by $ 6.84 and reached $ 116.67 ($ 109.83 last week). In Singapore, the average SS Spread also has risen by $ 4.33 to 117.83 USD ($ 113.50 last week). Thus, the values of the SS Spread index in both ports are almost equal and are well above the $ 100 mark, which makes the installation of scrubbers even more cost-effective. More information is available in the Differentials section of www.mabux.com.

scrubber spread

Correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (MABUX Digital Benchmark) in the four global largest hubs during the past week showed that 380 HSFO fuel remained undervalued in all four selected ports ranging from average minus $ 23 in Houston (versus minus $ 15 last week) and minus $ 19 in Fujairah (vs. minus $ 18) to minus $ 37 in Rotterdam (vs. minus $ 34) and minus $ 46 in Singapore (vs. minus $ 52). The most significant changes in underestimation ratio were recorded in Houston (up $ 8) and Singapore (down $ 6).

VLSFO fuel, according to MABUX DBP Index, was also underpriced in all four selected ports: in Houston the average underestimation was minus $ 7 (minus $ 3 last week), in Rotterdam – minus $ 21 (unchanged), in Fujairah – minus $ 41 (versus minus $ 40), in Singapore – minus $ 44 (versus minus $ 47). Undervalue margins in all ports have changed slightly.

As for MGO LS, MABUX DBP Index has registered an undercharge of this grade at all selected ports ranging from minus $ 27 (unchanged from last week) in Houston to minus $ 45 (unchanged) in Rotterdam, minus $ 54 (vs. minus $ 49) in Singapore and minus $ 51 USD (versus minus $ 53) in Fujairah. Here, no significant changes in the underestimation ratio were registered either.

bunker prices

Maersk has proposed a carbon tax on ship fuel of $450 per ton of fuel – equating to $150 a ton of CO2 – as a ‘levy to bridge the gap between the fossil fuels consumed by vessels today and greener alternatives that are currently more expensive’. As per Maersk, ‘Fossil fuels cannot keep being cheaper than green fuels. Action is required now. It is vital to consider all greenhouse gases, not just CO2, on a full life cycle analysis, otherwise we will not be able to truly decarbonize shipping by 2050 in line with the Paris Agreement’. The proposal sparked mostly positive reactions but one theme running through some of the responses was that such a tax could place a heavy burden on smaller players, and others said they prefer to see carbon trading rather than a carbon tax.

Source: MABUX

Tags: bunker fuelsGlobal Scrubber SpreadLNG bunker pricesMABUXMabux bunker fuel index
Editor

Editor

Related Posts

Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 04, 2023

7 days ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 03, 2023.

2 weeks ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 02, 2023

3 weeks ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 01, 2023

4 weeks ago
Bunker-Weekly-Outlook
Bunker Fuel

Weekly bunker indices outlook – Week 51

1 month ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 50, 2022

2 months ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

Boxship-Sale-and-Purchase

Boxship Sale and Purchase market shrinks by 50% in 2022

January 12, 2023
MSC,-CMA-CGM,-Evergreen-and-ZIM

MSC, CMA CGM, Evergreen and ZIM strongest growers in 2022

January 5, 2023
Containership-demolition-sales

Containership demolition sales fall to 17-year low in 2022

January 26, 2023

Recent Post

Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 04, 2023

January 26, 2023
Containership-demolition-sales

Containership demolition sales fall to 17-year low in 2022

January 26, 2023
Asia-Europe-sailings

Asia-Europe: 27% of sailings axed in first seven weeks of 2023

January 19, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 03, 2023.

January 19, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 02, 2023

January 13, 2023
Boxship-Sale-and-Purchase

Boxship Sale and Purchase market shrinks by 50% in 2022

January 12, 2023

Online platform for sharing information & analysis on trade, shipping, ports and the maritime business more info

Categories

  • Shipping Economic Trends & Regions
  • Ports & Terminals
  • Piracy & Security
  • Emissions, Fuel Technology & Environment
  • Economic Impact
  • Financing
  • Ship Building
  • Hinterland & Intermodal
  • Offshore Vessels
  • Port Environmental Impact
  • Shipping Workforce

Recent Posts

MABUX: Bunker Weekly Outlook, Week 04, 2023

Containership demolition sales fall to 17-year low in 2022

Asia-Europe: 27% of sailings axed in first seven weeks of 2023

Weekly Updates

Sign up to receive our weekly newsletter (each Thursday) with new shipping industry market reports, presentations & analysis.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalMaritimeHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Economic Impact
    • Emissions, Fuel Technology & Environment
    • Financing
    • Hinterland & Intermodal
    • Offshore Vessels Market
    • Piracy & Security
    • Port Environmental Impact
    • Ports & Terminals
    • Ship Building
    • Shipping Economic Trends & Regions
    • Shipping Workforce Issues
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 GlobalMaritimeHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Brighten Up Your Thursday!

SIGN UP to receive our free weekly newsletter with new shipping market reports, presentations & analysis! EVERY THURSDAY!