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
    • CRITICAL 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
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global Maritime Hub
No Result
View All Result
Home Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 07, 2022

Editor by Editor
3 years ago
Reading Time: 3 mins read
Share on FacebookShare on TwitterShare on Linkedin

On a Week 07, the MABUX World Bunker Index continued firm upward evolution. The 380 HSFO index rose by 9.67 USD: from 575.10 USD/MT to 584.77 USD/MT. The VLSFO index went up by 14.06 USD: from 734.63 USD/MT to 748.69 USD/MT. The MGO index gained the most: plus 18.80 USD (from 862.75 USD/MT to 881.55 USD/MT). At the same time, there are some signs of a possible downward correction: the next few days will clarify the situation on the global bunker market.

RELATED POSTS

MABUX-Index-W-24

Bunker fuel outlook, Week 24

6 days ago
MABUX-Index-W-2

Bunker fuel outlook, Week 23

2 weeks ago
MABUX-Index-W-21

Bunker fuel outlook, Week 21

4 weeks ago

The Global Scrubber Spread (SS) weekly average – the difference in price between 380 HSFO and VLSFO — showed a slight growth of $5.94 during the week, breaking $160.00 mark ($162.01 vs. $156.07 last week). At the same time, in Rotterdam, the average SS Spread increased from $163.67 to $168.83 (plus $5.16 compared to the week before). However, the most significant increase of the SS Spread average was registered in Singapore: plus $20.50 to $210.00 from $189.50 last week. Thus, the SS Spread’s weekly average in Singapore exceeded $ 200 (for comparison, the absolute maximum SS Spread at the port was registered on January 09, 2020 – $ 347.00). More information is available in the Price Differences section on mabux.com.

LNG prices have begun to rise again in European markets. In particular, the price of LNG as a bunker fuel at the port of Sines (Portugal) on February 14 rose by 112 USD to 2329 USD/MT versus 2217 USD/MT last week. LNG prices are still significantly higher than those of traditional bunker fuel grades. The price index of MGO LS at the port of Sines was at around 878 USD/MT on February 14.

During Week 07, the correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (Digital Bunker Prices benchmark) showed that 380 HSFO fuel was overpriced in two ports out of four selected: in Rotterdam – plus $7 and in Houston – plus $ 2. In Singapore and Fujairah, the MABUX MBP/DBP Index registered an undercharge of 380 HSFO by $2 and $9 respectively. The MABUX MBP/DBP Index continues to shift towards the underpricing of 380 HSFO fuel grade.

VLSFO fuel grade, according to the MABUX MBP/DBP Index, remained significantly overpriced in all selected ports: plus $33 in Rotterdam, plus $39 in Singapore, plus $47 in Fujairah and plus $9 in Houston. Overall, the MABUX MBP/DBP Index ratio for VLSFO fuel has not changed significantly during the week.

As for MGO LS, the MABUX MBP/DBP Index registered an underestimation of this fuel grade in three of the four selected ports: Rotterdam – minus $ 13, Singapore – minus $ 17 and Fujairah – minus $ 6. The only port where the MABUX MBP/DBP Index recorded overcharge was Houston – plus $ 31. In MGO LS segment, the Index is gradually shifting towards overpricing: in Singapore, the undercharge margin decreased by $ 13, and in Fujairah – by $ 23.

According to a new study from environmental lobby group, T&E, the FuelEU Maritime regulation put forward by the European Commission last year, would require ship operators to reduce the lifecycle carbon footprint of bunker fuels in a phased approach. This is intended to eventually remove fuel oil powered vessels and drive the switch to more sustainable fuels. However, the regulation would in effect support the use of LNG-fuelled vessels until well into the 2040s. As per the report, ‘with costs far cheaper than genuinely clean alternatives, LNG will make up 23% of the total energy used in EU shipping by 2030, up from 6% today.’ T&E’s modelling is based on ship order books for ships until 2023 with future LNG ship sales assumed based on the increase due to fuel oil being no longer compliant with the regulation anymore.

We expect bunker fuel prices to move into a downward correction next week as Russia-Ukraine tensions gradually cool and the energy crisis in Europe eases.

Source: www.mabux.com

 

Tags: bunker fuel pricesMABUXshipping emissions
Editor

Editor

Related Posts

MABUX-Index-W-24
Bunker Fuel

Bunker fuel outlook, Week 24

6 days ago
MABUX-Index-W-2
Bunker Fuel

Bunker fuel outlook, Week 23

2 weeks ago
MABUX-Index-W-21
Bunker Fuel

Bunker fuel outlook, Week 21

4 weeks ago
LNG-fueled-Container- Ships
Bunker Fuel

LNG-fueled Container Ships make up over half of the entire orderbook

1 month ago
MABUX-Index-W-20
Bunker Fuel

Bunker fuel outlook, Week 20

1 month ago
MABUX-Index-W-19
Bunker Fuel

Bunker fuel outlook, Week 19

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

Hapag-Lloyd

Hapag Lloyd crosses the 2.4 MTeu milestone

May 22, 2025
liner-trade

Europe-Far East remains by far the largest liner trade!

June 5, 2025
methanol-enabled-AXEL-MAERSK

The 16,592 TEU methanol-enabled AXEL MAERSK was recently delivered to Maersk, completing a first series of twelve Equinox-I type mainline container ships!

June 12, 2025

Recent Post

methanol-enabled-AXEL-MAERSK

The 16,592 TEU methanol-enabled AXEL MAERSK was recently delivered to Maersk, completing a first series of twelve Equinox-I type mainline container ships!

June 12, 2025
'large-cap'-valuation

Six public container carriers hit ‘large-cap’ valuation in May

June 12, 2025
US-volumes-test- tonnage-supply

US volumes test tonnage supply, uncertainty looms

June 12, 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

The 16,592 TEU methanol-enabled AXEL MAERSK was recently delivered to Maersk, completing a first series of twelve Equinox-I type mainline container ships!

Six public container carriers hit ‘large-cap’ valuation in May

US volumes test tonnage supply, uncertainty looms

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
    • CRITICAL 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!