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
  • Videos
  • 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
  • Videos
  • 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 43, 2022

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

Over the Week 43, MABUX global bunker indices continued their moderate downward movement. The 380 HSFO index fell by 1.25 USD: from 489.21 USD/MT last week to 487.96 USD/MT. The VLSFO index, in turn, lost 6.47 USD: from 793.87 USD/MT to 787.40 USD/MT. The MGO index showed the most significant drop: minus 31.15 USD (from 1207.05 USD/MT to 1167.90 USD/MT), breaking through the 1200 USD – mark.

RELATED POSTS

LNG-fueled-Container- Ships

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

1 week ago
MABUX-Index-W-20

Bunker fuel outlook, Week 20

1 week ago
MABUX-Index-W-19

Bunker fuel outlook, Week 19

2 weeks ago

Bunker-Weekly-Outlook

The Global Scrubber Spread (SS) weekly average – the price differential between 380 HSFO and VLSFO – showed a downward reversal over the Week 43 – minus $6.44 ($299.93 vs. $306.37 last week), falling again below $300. In Rotterdam, the average SS Spread rose by a nominal $1.16 to $256.33 from $255.17 last week. In Singapore, the average weekly price difference of 380 HSFO/VLSFO dropped by $17.50 ($335.50 vs. $353.00 last week). Thus, during the Week 43, SS Spread did not have a sustainable trend. More information is available in the Differentials section of mabux.com.

Bunker-Weekly-Outlook

European countries have reported that their gas storage facilities have been filled at higher than usual levels before the start of winter. Yet more LNG cargos are arriving in Europe. As a result, the price of LNG as bunker fuel at the port of Sines (Portugal) continued its sharp decline on October 24 and reached 1126 USD/MT (minus 696 USD compared to the previous week). Thus, the LNG price fell below the level of MGO LS at the port of Sines for the first time since June 2021. On October 24, the price of MGO LS in the port of Sines was quoted at 1188 USD/MT.

Bunker-Weekly-Outlook

Over the Week 43, the MDI Index (comparison of MABUX MBP Index (market bunker prices) vs MABUX DBP Index (MABUX digital bunker benchmark)) continued to register underpricing of 380 HSFO fuel in all four selected ports. Underestimation margins changed irregular, increasing in Rotterdam – minus $154 and Fujairah – minus $200, and decreasing in Houston to minus $68. In Singapore, the undercharge ratio of this fuel grade has not changed.

VLSFO fuel grade, according to MDI, was overpriced in three out of four ports selected: Singapore – plus $52, Fujairah – plus $31 and Houston – plus $23. The overcharge dynamics did not have a firm trend. The only underpriced port in the VLSFO segment rtemained Rotterdam – minus $24.

In the MGO LS segment, MDI registered the return of the port of Houston to the undercharge zone – minus $ 29, where it joined Rotterdam (minus $ 67), and Singapore (minus $ 83). Fujairah remained the only overvalued port in this fuel segment – plus $ 88.

Bunker-Weekly-Outlook

The Port of Rotterdam’s throughput of 351 million tonnes for the first nine months of 2022 was almost the same as the volume that was recorded at the three-quarter-way point of last year – but there were ‘big changes’ in the ‘energy landscape’. the Port of Rotterdam Authority pointed out the superficial no-change-here impression given by throughput stability belies the ‘underlying major differences’ – as this year has been marked by ‘the war in Ukraine, the sanctions against Russia, and the changes in global energy flows’. As a results of these trends, the port authority said, ‘considerably higher volumes of coal and LNG were imported as alternatives to Russian natural gas’ – while container transhipment has decreased, ‘especially as a result of the loss of trade with Russia’. The Port of Rotterdam Authority said it expects transhipment volume for 2022 to be of the same level as that of last year.

The global bunker market is waiting for the formation of a sustainable bunker trend, while fuel indices to continue irregular fluctuations.

Source: www.mabux.com

Tags: bunker fuel pricesMABUXshipping emissions
Editor

Editor

Related Posts

LNG-fueled-Container- Ships
Bunker Fuel

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

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

Bunker fuel outlook, Week 20

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

Bunker fuel outlook, Week 19

2 weeks ago
MABUX-Index-W-17
Bunker Fuel

Bunker fuel outlook, Week 17

1 month ago
MABUX-INdex-W-14
Bunker Fuel

Bunker fuel outlook, Week 14

2 months ago
MABUX-Index-W-13
Bunker Fuel

Bunker fuel outlook, Week 13

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

MSC-Megamax- container-ship

MSC Megamax container ship establishing historical precedents in West Africa

May 1, 2025
Hapag-Lloyd

Hapag Lloyd crosses the 2.4 MTeu milestone

May 22, 2025
LNG-fueled-Container- Ships

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

May 16, 2025

Recent Post

Hapag-Lloyd

Hapag Lloyd crosses the 2.4 MTeu milestone

May 22, 2025
ULCS

First ULCS to reach 20 years in fleet of ‘jumbo pioneer’ Maersk

May 22, 2025
MABUX-Index-W-21

Bunker fuel outlook, Week 21

May 22, 2025
Charter-market

Charter market welcomes US-China tariff pause

May 16, 2025
tariff-and-trade- uncertainty

Carriers continue to operate near-total fleet despite tariff and trade uncertainty

May 16, 2025
Fleet-size

Fleet size not a predictor of profit for mid-tier carriers

May 16, 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

Hapag Lloyd crosses the 2.4 MTeu milestone

First ULCS to reach 20 years in fleet of ‘jumbo pioneer’ Maersk

Bunker fuel outlook, Week 21

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
  • Videos
  • 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!