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

Global Bunker Fuel Outlook, week 51

Editor by Editor
2 years ago
min read2 min
Global Bunker Fuel Outlook, week 51
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

Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 04, 2023

3 days ago
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 03, 2023.

1 week ago
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 02, 2023

2 weeks 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:

Tweets by "MabuxAB"

 

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

Editor

Related Posts

Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 04, 2023

3 days ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 03, 2023.

1 week ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 02, 2023

2 weeks ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 01, 2023

3 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

1 month ago

Leave a Reply Cancel reply

Your email address will not be published.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

No Result
View All Result

Trending Posts

Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 04, 2023

January 26, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 01, 2023

January 5, 2023
Asia-Europe-sailings

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

January 19, 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!