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The Weekly MABUX Bunker Index

MABUX expects no oil market balance in 2020

High uncertainties about Covid-19 and the economic recovery continue to weigh on the fuel market and bunker prices, according to the courtesy of MABUX,...

Oil market uncertainty remains while fuel prices are stable

With Covid-19 rising in many large oil markets uncertainty about the future of oil’s fundamentals remains unusually high, according to  Marine Bunker Exchange (MABUX),...

EU ETS’ inclusion worries BIMCO

Baltic and International Maritime Council (BIMCO) is concerned that the inclusion of shipping in the European Union (EU) Emissions Trading Scheme (ETS) will inhibit...

Fuel prices still deter scrubber installations

Oil has been trading in a narrow range in the low US$40 more or less since July after the market began to worry that...

Coronavirus development determines fuel price trend

The market is assessing the stalled recovery in fuel demand as countries continue to battle the coronavirus pandemic with rolling Covid-19 lockdowns. This has created...

Bunker fuels see uptrend despite IBIA’s forecast

The persistent worry that world economies are not recovering from the coronavirus lockdowns robustly enough to absorb a new increase in oil production is...

Covid and trade war fears drop oil and fuel prices

Oil prices have been dropped down for a week, while the slowing economic activity around the world, restricted mobility, and fears of the second...

South Korea launches new ECA

A new emission control area (ECA) for the shipping industry was launched from 1 September, cutting the sulphur limit from the global 0.5% cap...

BIMCO’s survey shows IMO2020 compliance difficulties

The answers and comments provided by respondents at the BIMCO's Fuel Oil Quality and Safety Survey suggest that the transition to IMO2020 compliant fuel...

Container ships have the most scrubbers fitted says BIMCO

The share of the container ship fleet with scrubbers installed exceeded that of the crude oil tanker fleet by the start of July –...

Bunker indexes see slight upturn

Global Bunker Market remains in the same holding mode that has prevailed in the last 25 days approximately. The MABUX World Bunker Index showed a...

Oil demand faces uncertain short-term future

Oil price increases have stalled at about US$40/bbl, around 30% lower than a year, but considerably higher than the April lows as the Covid...
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Taking the personal view for crew working on container shipping

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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...

Updated: Maersk continues to cancel sailings across the globe

Due to market demand reductions globally caused by the Covid-19 pandemic, Maersk is continuing to moderate its schedule. The Danish liner company line will,...

Truckers hit back at carriers in US chassis dispute

US truckers have responded to international shipping lines’ “motion to dismiss” a USD$1.8 billion complaint over “unfair” practises surrounding the use of chassis for...

MSC and CMA CGM join Maersk’s blockchain initiative

Two of the largest global carriers CMA CGM and Mediterranean Shipping Company (MSC) have announced their integration onto TradeLens, the blockchain platform jointly developed...

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