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MABUX: Bunker Weekly Outlook, Week 32, 2023

MABUX: Bunker Weekly Outlook, Week 32, 2023

Over the Week 32, the MABUX global bunker indices showed relatively minor fluctuations, demonstrating moderate growth. The 380 HSFO index rose by 3.83 USD: from 554.65 USD/MT last week to 558.48 USD/MT. The VLSFO index added 5.44 USD (662.64 USD/MT versus 657.20 USD/MT last week). The MGO index also gained 2.86 USD (from 926.57 USD/MT last week to 929.43 USD/MT).…

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Baltic index falls on weakness in capesize rates

Baltic index falls on weakness in capesize rates

The Baltic Exchange’s main sea freight index .BADI edged lower on Thursday as a decline in capesize rates overshadowed advances in the panamax segment. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, ticked down by 7 points, or 0.6%, to 1,137. * The capesize index .BACI fell 78 points,…

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Maersk hikes 2023 guidance but warns of ‘years’ of challenges

Maersk hikes 2023 guidance but warns of ‘years’ of challenges

Maersk, the world’s second-largest container shipping company, raised its full-year earnings outlook Friday while simultaneously lowering its forecast for the second half. The hike in full-year guidance was due to better-than-expected performance in the past — the second quarter — not greater optimism toward the future. Second-quarter upside was driven by lower-than-expected costs (in part due to slow steaming), not…

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