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

MABUX: Bunker Weekly Outlook, Week 17, 2022

Editor by Editor
4 weeks ago
min read3 min
MABUX: Bunker Weekly Outlook
Share on FacebookShare on TwitterShare on Linkedin

Volatility in the global bunker market, caused by the military conflict in Ukraine, is gradually decreasing, and bunker prices are in a state of temporary stabilization. As a result, over the Week 17, MABUX Bunker Index showed a slight downward correction. The 380 HSFO index fell by 8.90 USD: from 726.92 USD/MT to 718.02 USD/MT. The VLSFO index went down by 9.97 USD: from 934.15 USD/MT to 924.18 USD/MT. The MGO index also dipped by 10.51 USD (from 1225.56 USD/MT to 1215.05 USD/MT). At the same time, high volatility continues to persist in the market.

RELATED POSTS

Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 20, 2022

4 days ago
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 19, 2022

2 weeks ago
Bunker Weekly Outlook

MABUX: Bunker Weekly Outlook, Week 18, 2022

3 weeks ago

MABUX: Bunker Weekly Outlook

The Global Scrubber Spread (SS) weekly average – the price difference between 380 HSFO and VLSFO – continued its moderate decline over the week – minus $1.99 ($209.92 vs. $211.91 last week). In Rotterdam, the average value of SS Spread, on the contrary, rose from $220.83 to $224.83 (plus $4.00 compared to last week). At the same time, 380 HSFO/VLSFO price difference at the Port of Singapore continues to narrow: the average down by another $19.17 (from $123.50 to $104.33), and in absolute value, SS Spread fell below the $ 100 psychological mark and showed $ 96 as of April 27. More information is available in the Price Differences section of mabux.com.

MABUX: Bunker Weekly Outlook

Benchmark prices for natural gas in Europe rose sharply as Russian gas monopoly Gazprom confirmed that it has stopped supplies to Poland and Bulgaria. The EU and Russia are still in a standoff over demand that Russia’s “unfriendly” nations—such as all EU members and the UK, among many others—pay in rubles for Russian gas. Meanwhile, the European Commission said that companies in the EU may have a way to pay for Russia’s gas in rubles without violating sanctions on Moscow. Due to high volatility in European gas market LNG as a bunker fuel is still not listed.

Over the Week 17, the average correlation trend of MABUX MBP Index (market bunker prices) vs MABUX DBP Index (MABUX digital bunker benchmark) did not change: all major bunker fuels are in the overcharge zone in all selected ports. Thus, 380 HSFO fuel’s overcharge margins in a week were: in Rotterdam – plus $ 40 (plus $ 33 last week), in Singapore – plus $ 125 (plus $ 107), in Fujairah – plus $ 96 (plus $ 97) and in Houston – plus $115 (plus $92). MABUX MBP/DBP Index (MBI) overprice premium in the 380 HSFO segment rose slightly.

VLSFO fuel grade, according to MBI, was also overpriced at all selected ports: plus $99 (plus $82) in Rotterdam, plus $48 (plus $44) in Singapore, plus $58 (plus $47) in Fujairah, and plus $99 (plus $102) in Houston. MBI did not have a firm trend in the VLSFO segment: the overpricing increased in Rotterdam, Singapore and Fujairah, but decreased in Houston.

As for MGO LS, MBI also registered an overpricing of this type of fuel over the week in all four selected ports in a week: Rotterdam – plus $116 (plus $84 a week earlier), Singapore – plus $27 (minus $37), Fujairah – plus $108 (plus $101) and Houston – plus $72 (plus $119). Here, MBI also did not have a firm dynamics and changed irregular: growth in Rotterdam and Fujairah, decline in Singapore and Houston.

MABUX: Bunker Weekly Outlook

The Port of Rotterdam has reported that its freight throughput for the first quarter of 2022 was 1.5% down y-o-y, with a big drop in mineral oil products and Russian fuel oil cargoes in particular. In total, liquid bulk throughput decreased by 1.0% to 51.5 million tonnes. While the volume of crude oil remained virtually unchanged (just 0.2% down at 25.5 million tonnes), the throughput of mineral oil products – and fuel oil in particular – was down significantly, dropping more than 20% at 13.5 million tonnes. The Port Authority noted that around 13% of Rotterdam’s cargo throughput in 2021 was ‘Russia-oriented’ – and roughly 30% of crude oil, 25% of LNG, and 20% of oil products and coal came from Russia. While Rotterdam’s Q1 results registered a drop in the throughput of Russian cargoes, the full impact of the Russia-Ukraine conflict will be more apparent in the Q2 figures.

The global bunker market remains highly volatile amid the ongoing military conflict in Ukraine. We expect bunker indices to edge up next week.

Source: www.mabux.com

Tags: bunker fuel pricesMABUXshipping emissions
Editor

Editor

Related Posts

Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 20, 2022

4 days ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 19, 2022

2 weeks ago
Bunker Weekly Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 18, 2022

3 weeks ago
Bunker Weekly Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 16, 2022

1 month ago
Bunker Weekly Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 14, 2022

2 months ago
MABUX: Bunker Weekly Outlook, Week 13, 2022
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 13, 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

Bunker Weekly Outlook

MABUX: Bunker Weekly Outlook, Week 18, 2022

May 6, 2022
Port congestion in Europe continues to worsen

Port congestion in Europe continues to worsen

May 20, 2022
global-container-shipping

Evergreen and CMA CGM drive Asia – Europe capacity growth.

May 6, 2022

Recent Post

Port congestion in Europe continues to worsen

Port congestion in Europe continues to worsen

May 20, 2022
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 20, 2022

May 19, 2022
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 19, 2022

May 12, 2022
Bunker Weekly Outlook

MABUX: Bunker Weekly Outlook, Week 18, 2022

May 6, 2022
global-container-shipping

Evergreen and CMA CGM drive Asia – Europe capacity growth.

May 6, 2022
MABUX: Bunker Weekly Outlook

MABUX: Bunker Weekly Outlook, Week 17, 2022

April 28, 2022

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

Port congestion in Europe continues to worsen

MABUX: Bunker Weekly Outlook, Week 20, 2022

MABUX: Bunker Weekly Outlook, Week 19, 2022

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!