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 50, 2022

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

As expected, MABUX global bunker indices continued firm declining over the Week 50. However, there are signs of slight upward correction last few days. As a result, the 380 HSFO Index fell by 3.56 USD from 464.37 USD/MT last week to 460.81 USD/MT. The VLSFO Index, in turn, fell by 18.40 USD (660.12 USD/MT versus 678.52 USD/MT last week). The MGO Index also lost 7.47 USD (from 996.02 USD/MT last week to 988.54 USD/MT), breaking through the psychological mark of 1000 USD.

RELATED POSTS

MABUX-Index-W-25

Bunker fuel outlook, Week 25

21 hours ago
MABUX-Index-W-24

Bunker fuel outlook, Week 24

1 week ago
MABUX-Index-W-2

Bunker fuel outlook, Week 23

2 weeks ago

Bunker-Weekly-OutlookGlobal Scrubber Spread (SS) – the price differential between 380 HSFO and VLSFO – resumed its decline over the week 50 – minus $ 14.84 ($ 199.31 vs. $ 214.15 last week), breaking through the psychological $ 200 mark. In Rotterdam, SS Spread also fell by minus $28.00 to $152.00 from $180.00 last week, coming close to $150. In Singapore, the 380 HSFO/VLSFO price differential showed the most significant decrease – by $37.00 ($210.00 from $247.00 last week). We expect SS Spread to continue shrinking next week. More information is available in the “Differentials” section at mabux.com.

Bunker-Weekly-OutlookDemand for LNG floating storage and regasification units (LNG-FSRUs) has increased sharply this year, with Europe facing an energy supply squeeze as Russia has progressively cut pipeline gas flows. Currently, there are 48 FSRUs in operation globally, all but six of them are locked into term charters. The EU has lined up plans for as many as 19 new FSRU projects at an estimated cost of €9.5bn. The biggest beneficiaries are Korean shipbuilding who managed to book 46% more orders so far, YoY. And the government’s goal is for the country to grab 75% of the market share by 2030.

The price of LNG as bunker fuel at the port of Sines (Portugal) fell to 2427 USD/MT on December 12 (minus 183 USD compared to the previous week). However, the price of LNG surpasses that one of the most expensive traditional bunker fuels by 1492 USD: on November 12, the price of MGO LS at the port of Sines was quoted at 935 USD/MT.

Bunker-Weekly-OutlookOver the Week 50, the MDI index (comparison of MABUX market bunker prices (MBP Index) vs MABUX digital bunker benchmark (DBP Index)) kept underpricing status of 380 HSFO fuel grade in all four selected ports. Undercharge ratio decreased slightly in all ports except for Houston (here undervaluation was average $2 up.) and showed: in Rotterdam – minus $115, Singapore – minus $120, Fujairah – minus $174 and in Houston – minus $71.

In the VLSFO segment, according to MDI, Singapore and Fujairah are still overvalued: plus $36 and plus $47, respectively. In Rotterdam and Houston, this type of fuel was underestimated by an average minus $49 and minus $12. The underpricing rose, while the overpricing changed irregular.

In the MGO LS segment, MDI continued to register fuel underpricing in two out of four selected ports: Rotterdam – minus $64 and Houston – minus $38. Singapore and Fujairah remained in the overcharge zone: plus $8 and plus $182, respectively. The undercharge premium has decreased, while overestimation has increased.

Bunker-Weekly-OutlookMore information on the correlation between market prices and the digital benchmark is available in the “Digital Bunker Prices” section at mabux.com.

In a newly-published Technology Trends report, classification society ABS examines a broad range of ‘cutting edge’ maritime tech, including alternative fuels such as hydrogen, nuclear power and electrification, autonomy, artificial intelligence and onboard carbon capture. In addition to explaining the new technologies and their applicability to the maritime sector, the report sets out ‘a timeline for key technological milestones on the journey to net-zero emissions and digitalisation’. The report sees considerable potential for hydrogen as a marine fuel – but tempered this with the observation that ‘replacing traditional carbon-based fuels will take time’ and ‘decades of technological advancement and production scaling’. The idea of using nuclear power for ships outside the naval sphere has been gaining traction in recent years and the report considers that ‘the potential exists for a portion of the world’s commercial fleet to adopt nuclear power as a zero-emission energy solution in the future’.

The Global fuel market is still waiting for Russia’s reaction to the price cap imposed by the European Union on December 05 on Russian oil. In this situation, we expect the downtrend in the global bunker market may continue next week.

Source: www.mabux.com

Tags: bunker fuel pricesMABUXshipping emissions
Editor

Editor

Related Posts

MABUX-Index-W-25
Bunker Fuel

Bunker fuel outlook, Week 25

21 hours ago
MABUX-Index-W-24
Bunker Fuel

Bunker fuel outlook, Week 24

1 week 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

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
ULCS

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

May 22, 2025
'large-cap'-valuation

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

June 12, 2025

Recent Post

Charter-market

Charter market maintains robust trajectory

June 19, 2025
alliance-fleets

Carriers assign up to 80%of their capacity to alliance fleets

June 19, 2025
MABUX-Index-W-25

Bunker fuel outlook, Week 25

June 19, 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

Charter market maintains robust trajectory

Carriers assign up to 80%of their capacity to alliance fleets

Bunker fuel outlook, Week 25

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!