MABUX Bunker Weekly Outlook: Trends, Concerns, And Initiatives

• In Week 04, MABUX’s global bunker indices experienced irregular changes, with the 380 HSFO index nearing the $500 threshold and the VLSFO index increasing.
• The Global Scrubber Spread widened, affirming the profitability of HSFO+scrubber. European gas prices hit a two-year low due to surplus inventories, impacting LNG bunker fuel prices in Sines.
• The MDI index showed trends in the HSFO, VLSFO, and MGO LS segments across selected ports, indicating shifts towards underestimation of bunker fuel.
• The Union Database for Biofuels began online registration, enhancing traceability.
• SEA-LNG expressed concerns about grey methanol, ammonia, and hydrogen as marine fuels, emphasizing the immediate benefits of LNG.

Bunker Indices in Week 04: Trends and Irregular Changes

The 380 HSFO index approaches $500, while the VLSFO index sees an increase. Global Scrubber Spread widens, signifying HSFO+scrubber profitability.

European Gas Prices Impact LNG Bunker Fuel: Sines and Beyond

European gas prices hit a two-year low, impacting LNG bunker fuel prices in Sines. Price gap between LNG and traditional fuel expands.

MDI Index Trends in Selected Ports: HSFO, VLSFO, MGO LS Segments

MDI index reveals shifts in under/overcharging of bunker fuels in Rotterdam, Singapore, Fujairah, and Houston. Overall trend towards underestimation of bunker fuel.

Initiatives and Concerns: Union Database for Biofuels and SEA-LNG’s Perspective

Union Database for Biofuels starts online registration to enhance traceability. SEA-LNG expresses concerns about grey methanol, ammonia, and hydrogen as marine fuels, emphasizing the immediate benefits of LNG. Expectations for the global bunker market point towards a potential uptrend in prices next week.

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Source: Sergey Ivanov through LinkedIN

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