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Wednesday, July 28, 2021
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The Weekly MABUX Bunker Index

Bunker prices see an upward trend

During Week 21, Marine Bunker Exchange (MABUX) World Bunker Index has returned to a phase of moderate upward evolution. 380 HSFO Index increased to...

IEA sees net-zero emissions possibilities by 2050

A new report from the International Energy Agency (IEA) says there is a "viable pathway" to achieving net-zero emissions by 2050 within the energy...

Market sees bunker charges stabilise in cargo boom

The Marine Bunker Exchange's (MABUX) World Bunker Index has shown a steady process without any drastic changes in values during the 19th week of...

IMO and Germany ink emissions reduction agreement

The International Maritime Organization (IMO) and Germany have signed an agreement on the development of a project proposal to help reduce maritime transport emissions...

Era of multiple fuels is fast approaching

Several companies worldwide are taking part in initiatives to conduct safety assessments and establish standards for the use of ammonia and other energy sources...

SEA-LNG disapproves of World Bank’s LNG conclusions

Industry coalition SEA-LNG said the World Bank’s recommendation to avoid investing in LNG bunkering infrastructure risks slowing down the shipping industry’s transition to decarbonisation. A...

MABUX reports increased fuel prices

The World Bunker Index of the Marine Bunker Exchange (MABUX) has increased during the week with the 380 HSFO index jumping to US$420.77/ MT,...

Fuel quality issues in focus as numbers double

In a week when the MSC Ariane suffered an engine failure following what the owner described as “poor quality fuel”, the bunker index firm...

Suez Canal stoppage has led to fuel price fluctuations

The Suez Canal blockage has delayed vessel traffic to European ports during the week, while European bunker hubs continue to have readily available supplies...

IMO publishes vessel fuel oil consumption data

In preparation for the 76th Marine Environment Protection Committee meeting to be held in June the International Maritime Organization (IMO) has released vessel fuel...

MABUX reports irregular fluctuations in fuel prices

The Marine Bunker Exchange (MABUX) World Bunker Index has shown irregular changes during the week with the 380 HSFO index declining to US$428.88/mt, VLSFO...

Canadian study reveals vessels go extra mile to avoid ECA’s

A new study of marine shipping traffic on Canada’s Pacific Coast has highlighted the environmental impact of vessels diverting to avoid sulphur emission control...

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Singaporean state investment firm Temasek mum on PIL bailout

The Singapore government’s investment company Temasek Holdings is remaining tight-lipped on market talk that it may take a stake in embattled liner operator Pacific...

High speed and compromised manoeuvring caused Milano Bridge accident

The container ship Milano Bridge had failed to slow down as it attempted to berth in Busan New Port on 6 April 2020, causing...

Chinese shipyards win giant container ship order

Chinese shipyards will build six 24,232TEU containerships, the largest in the world as of today, that the Bank of Communications Financial Leasing (Bocomm Leasing)...

MSC Rosa M damages Mumbai crane

The 14,000TEU MSC Rosa M has hit and seriously damaged a crane at the DP World terminal in Nhava Sheva, NSIGT in Mumbai, while...

Taking the personal view for crew working on container shipping

Philip Eastell – Founder of Container Shipping Supporting Seafarers – describes the personal side of container operations at a time when crew, affected by...