Global Maritime Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • 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
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • 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
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global Maritime Hub
No Result
View All Result
Home Bunker Fuel

Global Bunker Fuel Outlook, week 51

Editor by Editor
5 years ago
Reading Time: 2 mins read
Share on FacebookShare on TwitterShare on Linkedin

Despite the recent rally of benchmark oil prices and bunker indexes on vaccine rollout news, demand recovery is still uncertain as covid-19 infection rates continued to rise sharply in the U.S. and Europe. Many countries are considering more strict restrictions over the Christmas holidays, which may reduce fuel demand in the near-term outlook.

RELATED POSTS

ship-fleet-breakdown

MSC Cargo Expands LNG Fleet

5 hours ago
MABUX-Index-W-29

Bunker fuel outlook, Week 29

11 hours ago
MABUX-Index-W-28

Global bunker indices continue their moderate growth

1 week ago

The World Bunker Index MABUX continued firm upward evolution over a week. The 380 HSFO index rose from 330.49 USD/MT to 338.99 USD/ MT (+8.50 USD), VLSFO gained 13.00 USD: from 406.00 USD/MT to 419.00 USD/MT while MGO added 14.37 USD and changed from 467.62 USD/MT up to 481.99 USD/MT. The Global Scrubber Spread (SS) (price difference between 380 HSFOs and VLSFOs) has also demonstrated widening trend: it has risen by 6.68 USD and averaged USD 78.32 (71.64 USD a week ago). The growing price differential between 380 HSFO and VLSFO makes scrubbers more attractive again.

Correlation of weekly MBP Index (Market Bunker Prices) vs weekly DBP Index (Digital Bunker Prices) in the four largest hubs over the past week showed that 380 HSFO fuel still remains undervalued slightly in Rotterdam (minus 8 USD). At the same time, in Singapore, Fujairah and Houston, this type of fuel remains overvalued (plus 1 USD, 5 USD and 26 USD, respectively). VLSFO fuel also remains slightly overpriced in all selected ports, ranging from minus 10-11 USD (Rotterdam and Fujairah) to minus 42 USD (Houston). Meanwhile, for the first time it was registered a 100% correlation between weekly MBP and DBP indices in Singapore. The MGO LS, in turn, was undervalued in all ports ranging from minus 16 USD to minus 36 USD, with the exception of Houston (overvalued by 10 USD).

bunker fuel outlook

Ships sailing through the Arctic region’s busiest lane along the Siberian coast made the highest number of trips on record this year as a quicker-than-expected melting of ice enabled more traffic. There were 62 transits through the Northern Sea Route in the period to Dec. 9, versus 37 for the whole of 2019. The number of ships using the route rose to 331 vessels in the year to date, versus 277 for the whole of 2019.

The European Union may seek to end the tax exemption for bunker fuels. At the same time European Commission said, aviation and shipping should be given “priority access to additional renewable and low-carbon liquid and gaseous fuels, since there is a lack of suitable alternative powertrains in the short term”. These fuels could include hydrogen, hydrogen-based synthetic fuels and advanced biofuels. The European Community Shipowners’ Associations (ECSA) in turn has opposed the European Commission’s proposal by saying that all forms of marine energy should remain free from taxation.

Source: Mabux

Follow on Twitter:

[tfws username=”MabuxAB” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]

 

Tags: bunker demandbunker fuelMABUXmarine fuel.scrubber spreadVLSFOworld bunker index
Editor

Editor

Related Posts

ship-fleet-breakdown
Bunker Fuel

MSC Cargo Expands LNG Fleet

5 hours ago
MABUX-Index-W-29
Bunker Fuel

Bunker fuel outlook, Week 29

11 hours ago
MABUX-Index-W-28
Bunker Fuel

Global bunker indices continue their moderate growth

1 week ago
methanol-powered-mainline-vessels
Bunker Fuel

COSCO next to deploy large methanol-powered mainline vessels

2 weeks ago
bunker-indices
Bunker Fuel

Global bunker indices tracked down sharply in Week 26

3 weeks ago
MABUX-Index-W-25
Bunker Fuel

Bunker fuel outlook, Week 25

4 weeks ago

Leave a Reply Cancel reply

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

No Result
View All Result

Trending Posts

container-ship-recycling-volumes-and-price-trends

Thriving freight and charter markets drive scrap sales down

July 17, 2025
MABUX-Index-W-28

Global bunker indices continue their moderate growth

July 10, 2025
MABUX-Index-W-29

Bunker fuel outlook, Week 29

July 17, 2025

Recent Post

ship-fleet-breakdown

MSC Cargo Expands LNG Fleet

July 17, 2025
container-ship-recycling-volumes-and-price-trends

Thriving freight and charter markets drive scrap sales down

July 17, 2025
Idle-Fleet-Breakdown

Idle fleet rises slightly but remains insignificant

July 17, 2025
Global-Maritime-Hub- Logo

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

MSC Cargo Expands LNG Fleet

Thriving freight and charter markets drive scrap sales down

Idle fleet rises slightly but remains insignificant

Weekly Updates

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

Your subscription could not be saved. Please try again.
Your subscription has been successful.

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

© 2020 GlobalMaritimeHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Premium Content
  • 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
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalMaritimeHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Brighten Up Your Thursday!

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