Shipping News Round Up – Issue 31

118 days ago


Bunkering

Price declines may continue in the Global Bunker Market

The values of the world bunker index MABUX (an index calculated at current prices for the main types of bunker fuel in the pool of leading ports of the world) showed a weak decline on September 30:
380 HSFO – USD/MT – 501.18 (-5.57)
VLSFO – USD/MT – 760.06 (-0.96)
MGO – USD/MT – 1 096.54 (-1.75)
At the end of September 30, the MABUX MBP/DBP Index (MDI) (a comparison of market bunker prices and the MABUX digital bunker price benchmark), 380 HSFO fuel was underestimated in all selected ports: in Rotterdam – minus $ 97 (minus $ 76 a day earlier), in Singapore – minus $ 150 (minus $ 148 a day earlier), in Fujairah – minus $ 152 (minus $ 136 a day earlier), in Houston – minus 67 (minus $ 72 a day earlier). MDI has decreased in most of the selected ports. The most significant changes were recorded in Rotterdam, where the level of underestimation increased by 21 points. Mabux

Bulugo: Live bunker prices

The online bunker fuel and lubricant procurement platform publishes price indications for free. Bulugo

Future fuels

New Assessment of Zero and Low Emission Marine Fuels

The International Maritime Organization (IMO), through its initial Greenhouse Gas Strategy, aims to halve shipping emissions by 2050, compared with 2008 levels. As the industry seeks to raise climate ambition and align with science-based climate targets, there has been a push for full sector decarbonization by 2050. Ship and Bunker

Marine Lubricants

Chevron Supplies First Stem of 40 BN Category II Lube Oil

Chevron Marine Lubricants made its first delivery of a 40 BN Category II lube oil on 30 August, in a breakthrough moment for operators of MAN ES Mk9 and above two-stroke engines, when it supplied a stem of its new Taro Ultra Advanced 40 to SIEM Car Carriers. G Captain


Maritime

First Direct China-Scotland Shipping Route Begins

The new shipping route has been hailed as a “game changer for Scotland”. The Allseas Pioneer arrived in Greenock from Ningbo in China earlier, carrying containers of textiles, furniture and toys for sale in Scotland. The direct sailings will reduce freight transit times, compared to services via Europe or southern UK ports. BBC

 

Industry Events

Influential Speaker Line-up Marks Return of Maritime Cyprus in 2022

Maritime Cyprus conference will take place in Limassol, from 9 – 12 October 2022 and the influential speaker line-up marks a confident return to this biannual event. 

Centered around the theme of “Shipping’s response to the three Cs: Crises – Challenges – Competitiveness,” the conference will host keynote speakers, panel discussions and workshops designed to accelerate maritime’s progress within these areas. All About Shipping

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