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 30, 2022

Editor by Editor
8 months ago
Reading Time: 3 mins read
Bunker-Weekly-Outlook
Share on FacebookShare on TwitterShare on Linkedin

Over the Week 30 MABUX global bunker indices continued firm downward trend. The 380 HSFO index went down by another 24.98 USD: from 638.88 USD/MT to 613.90 USD/MT. The VLSFO index, in turn, fell by 43.53 USD: from 960.39 USD/MT to 916.86 USD/MT. The MGO index also lost 40.12 USD (from 1245.02 USD/MT to 1204.90 USD/MT).

RELATED POSTS

Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 11, 2023.

7 days ago
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 10, 2023.

2 weeks ago
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 09, 2023.

3 weeks ago

Bunker-Weekly-OutlookThe Global Scrubber Spread (SS) weekly average – the difference in price between 380 HSFO and VLSFO – dropped sharply for the third week in a row – minus $30.75 ($306.08 vs. $336.82 last week). In Rotterdam, the average SS Spread also declined: $301.17 vs. $321.67 (down $20.50 from last week). However, the most significant decline in the average weekly price difference 380 HSFO/VLSFO was recorded in Singapore: minus $83.83 ($449.00 vs. $532.83 last week). More information is available in the Price Differences section of mabux.com.

Bunker-Weekly-Outlook

The natural gas market in Europe remains highly volatile amid the risks of gas supplies outages from Russia. LNG as bunker fuel in the port of Sines (Portugal) rose again on July 25 by 249 USD/MT to 2832 USD/MT (versus 2583 USD/MT a week earlier). LNG prices are more than double the price of the most expensive conventional bunker fuel: MGO LS at the port of Sines was quoted on July 27 at 1276 USD/MT.

Bunker-Weekly-OutlookOver the Week 30, the MDI index (comparison of MABUX MBP Index (market bunker prices) vs MABUX DBP Index (MABUX digital bunker benchmark)) showed an undercharge of 380 HSFO fuel grade in three out of four ports selected: Houston moved into the overprice zone: plus $ 8. In other ports, the underestimation premium rose slightly and amounted to: Rotterdam – minus $115, Singapore – minus $144 and Fujairah – minus $132.

VLSFO fuel, according to MDI, remained, on the contrary, overpriced in all four selected ports: plus $28 in Rotterdam, plus $159 in Singapore, plus $180 in Fujairah and plus $82 in Houston. Here, the MDI index did not have firm dynamics: the overcharge decreased significantly in Rotterdam, Singapore and Fujairah, but increased in Houston. The most significant change was the overprice reduction in Singapore by 100 points at once. Nevertheless, VLSFO remains the most overvalued segment in the global bunker market.

As for MGO LS grade, MDI index registered a fuel overcharge in three ports out of four selected: Rotterdam – plus $ 2, Fujairah – plus $ 222 and Houston – plus $ 70. Singapore remained the only port where the MDI index registered underestimation – minus $52. The underpricing premium was growing while the overcharge one was moderately decreasing.

Bunker-Weekly-OutlookThe United States became the world’s largest LNG exporter during the first half of 2022, according to data from CEDIGAZ. Compared with the second half of 2021, US LNG exports increased by 12% in the first half of 2022, averaging 11.2 billion cubic feet per day (Bcf/d). According to the US Energy Information Administration (EIA), continued growth in LNG exports can be attributed to three factors: increased LNG export capacity, increased international natural gas and LNG prices and increased global demand, particularly in Europe. Similar to 2021, the United States sent the most LNG to the EU and UK during the first half of the year, providing 47% of the 14.8 Bcf/d of Europe’s total LNG imports, followed by Qatar at 15%, and Russia at 14%, and four African countries combined at 17%.’ The EIA also noted that international natural gas and LNG prices hit record highs in the last quarter of 2021 and first half of 2022.

We expect downward trend to continue in Global bunker market 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 11, 2023.

7 days ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 10, 2023.

2 weeks ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 09, 2023.

3 weeks ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 07, 2023.

1 month ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 06, 2023.

1 month ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 05, 2023.

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 11, 2023.

March 16, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 09, 2023.

March 2, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 10, 2023.

March 10, 2023

Recent Post

2M axes Asia – Europe loop as MSC’s deliveries start rolling in

2M axes Asia – Europe loop as MSC’s deliveries start rolling in

March 22, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 11, 2023.

March 16, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 10, 2023.

March 10, 2023
CMA CGM records highest capacity growth in intra-Europe

CMA CGM records highest capacity growth in intra-Europe

March 9, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 09, 2023.

March 2, 2023
Green-ships

Green ships reach 40% of orderbook as fuel oil orders dive

March 2, 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

2M axes Asia – Europe loop as MSC’s deliveries start rolling in

MABUX: Bunker Weekly Outlook, Week 11, 2023.

MABUX: Bunker Weekly Outlook, Week 10, 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?

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!