14.5 C
Hamburg
Wednesday, June 4, 2025
Home The Weekly MABUX Bunker Index MABUX: Expectations for global bunker indices to continue slight downward

MABUX: Expectations for global bunker indices to continue slight downward

“Global bunker indices continued moderate decline over Week 29,” said Sergey Ivanov, director of Marine Bunker Exchange (MABUX). The 380 HSFO index decreased slightly to US$641.59/mt, the VLSFO index fell to US$966.67/mt and the MGO index dropped to US$1,250.62/mt.

Following a further decline in fuel prices, the Global Scrubber Spread (SS) weekly average – the difference in price between 380 HSFO and VLSFO – also continued its slight downtrend for the second week in a row. Additionally, the SS Spread average decreased both in Singapore and Rotterdam.

Natural gas prices in Europe declined slightly over week 29. LNG as bunker fuel in the port of Sines (Portugal) fell by US$797/mt on 18 July to US$2,583/mt. LNG prices are still significantly higher than those of traditional bunker fuels: the price of MGO LS at the port of Sines was quoted on 20 July at US$1,336 /mt.

Over Week 29, the MDI index (comparison of MABUX MBP Index (market bunker prices) vs MABUX DBP Index (MABUX digital bunker benchmark)) continued to demonstrate an undercharge of 380 HSFO fuel in all four ports selected: Rotterdam – minus US$108, Singapore – minus US$141, Fujairah – minus US$112 and Houston – minus US$19. The underestimation premium of HSFO fuel in all ports continues to widen.

VLSFO fuel, according to MDI, remained, on the contrary, overpriced in all four selected ports: plus US$64 in Rotterdam, plus US$259 in Singapore, plus US$269 in Fujairah and plus US$76 in Houston. “Here, the MDI index did not have any firm trend: the overcharge premium decreased slightly in Rotterdam, Singapore and Fujairah, but increased in Houston. VLSFO fuel is still the most overvalued segment of the global bunker market,” commented Ivanov.

As for MGO LS grade, the MDI index registered a fuel overcharge in three ports out of four selected ports: Rotterdam again returned to the overcharge zone: plus US$13. MGO LS fuel was also overpriced in Fujairah – plus US$236 and in Houston – plus US$71. Singapore was the only port where the MDI index registered underpricing – minus US$18. MDI recorded a trend for a gradual increase of both underestimation and overestimation premiums.

“We expect global bunker indices to continue slight downward trend next week,” Ivanov concluded.





Latest Posts

ORBCOMM unveils new container visibility tool

ORBCOMM has announced the launch of CrewView, an onboard visibility solution designed to give vessel crews real-time access to data from smart refrigerated and...

SAAM-Enap partnership: Latin America’s first electric tug en route to Chile

Latin America’s first fully electric tugboat has officially set sail from Tuzla, Turkey, on a 45-day journey to Puerto Montt, Chile. From there, it will...

Singapore and France sign enhanced maritime partnership agreement

French Minister for Transport Philippe Tabarot and Singapore’s Acting Minister for Transport and Senior Minister of State for Finance Jeffrey Siow signed an Enhanced...

CMA CGM, DP World Ramp Up Investment Amid Global Trade Turbulence

As global trade fragments under the weight of geopolitical tensions, French shipping group CMA CGM and UAE-based logistics company DP World are positioning themselves...

AD Ports establishes Tbilisi Intermodal Hub in Georgia

AD Ports Group has announced the inauguration of the first phase of Tbilisi Intermodal Hub, Georgia's first modern, bonded container and intermodal terminal, and...
error: Content is protected !!