InterManager Daily News 15.02.2022.

1. MABUX Bunker prices may rise sharply on Feb 14

As of Feb.11, a correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (Digital Bunker Prices Benchmark) in four largest global hubs showed that 380 HSFO fuel grade was overvalued in two out of four selected ports: in Rotterdam – by plus $6 (plus $8 the day before), and in Houston by plus $ 4 (plus $27 the day before). In Singapore this fuel grade was undercharged – by minus $22 (no changes), in Fujairah – by minus $6 (minus $4 the day before). The most significant changes were registered in Houston, where the overcharge level decreased by $23 on Feb.11.

2. Crude oil prices rose by over 1%

As of 14 February 2022, 07:49 (UTC+3), Brent Crude futures for April settlement were trading 1.14% higher at $95.51 a barrel on the London-based ICE Futures Europe Exchange. Light Sweet Crude (WTI) futures for March delivery on the New York Mercantile Exchange rose by 1.41% to $94.39 a barrel.

3. Cyprus Shipping Podcast – Andromachi Demetriou 2nd Officer onboard the Stena Baltica

We are pleased to announce a new promotional feature of Cyprus Shipping News by inviting key players of the Cyprus Shipping Industry to address our readers with a 1-2 minutes video on latest developments, new regulations, news from their own company affecting the Industry, even a quote of the day or anything of general interest.

4. Another US offshore wind project reaches final investment decision

The final investment decision codifies the companies’ commitment to the 130-MW offshore wind project. In January 2022, South Fork Wind received final approval from the Bureau of Ocean Energy Management for its construction and operations plan, the final step in the agency’s review of the project.

5. LNG-to-power: bringing power to the people

Since they were first introduced in the mid-2000s, floating storage, regasification and storage units (FSRUs) have become increasingly popular for their flexibility. They can trade as regular LNG carriers, or be deployed initially or on a long-term basis as part of LNG import terminals.

6. EU Joined By 13 Countries To Form Coalition To Protect Ocean Biodiversity

One of von der Leyen’s aims is to expand protected zones in Antarctica, whose ecosystem is “essential to the health of our oceans.” While support has grown over the last years, two member states of the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR) are still blocking a decision, she said.

7. Micronesia Follows Marshall Islands Out Of The PIF Alliance

The Federated States of Micronesia (FSM) will temporarily rescind its withdrawal from the Pacific’s main political forum, the country’s foreign ministry said on Saturday, hours ahead of a visit of U.S. Secretary of State Antony Blinken to Fiji. (The Marshall Islands, Kiribati, Nauru, and the Federated States of Micronesia all decided to leave the Forum after Palau’s decision in February 2021.)

8. Siem Offshore secures AHTS extension in Canada

Siem Offshore has been awarded a contract extension in Canada for the 2016-built multirole anchor handling tug supply (AHTS) vessel Avalon Sea. The extension covers a firm duration of another six months upon completion of the current contract, ensuring continued operations for the vessel well into Q4 2022, the Oslo-listed Norwegian OSV operator said.

9. Black Sea exports plummet as talk of war escalates

Ukrainian officials denounced Russian naval drills off its Black Sea coast last week, saying the presence of warships made navigating the busy trade route “impossible”. Traders have so far been more cautious in their assessment, but data from VesselsValue shows a visible impact on trade volumes.

10. All-Inclusive Rates Remain Largely Stable, But Could See Upside In March

All-inclusive rates during the week ending Feb. 11 on the North Asia-to-North America lane were largely flat against last week’s indications as post-Lunar New Year demand began to pick up and market participants eye potential increases in late February and March. And despite generally easing port congestion in the US, sources say stocks of rolled cargoes have jumped in North Asian-loading terminals, as carriers prioritize premium cargoes, which will put renewed pressure on available capacity.


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