Business

ENGINE: Americas Bunker Fuel Availability Outlook

Gulf Coast fuel oil production has recovered to pre-hurricane levels, and supply remains limited in Panama.

Published

5 years ago

October 22, 2021

Admin

Resized Americas Bunker Fuel Availability Outlook image for Manifold Times

The following article regarding regional bunker fuel availability outlook for the Americas has been provided by online marine fuels procurement platform ENGINE for publication on Singapore bunkering publication Manifold Times:

21 October, 2021

Gulf Coast fuel oil production has recovered to pre-hurricane levels, and supply remains limited in Panama.

US Gulf Coast refineries have ramped up fuel oil production to levels not seen since late August, before the region was battered by two damaging storms.

Gulf Coast production dropped off drastically in September, when Hurricane Ida and tropical storm Nicholas lashed across Louisiana and Texas, shutting in several refineries and curbing production in the weeks after. The region’s refineries did not produce any fuel oil for a whole week in mid-September, and Gulf Coast inventories were drawn down in the following weeks.

Gulf Coast inventories declined 8% from a high of 17.29 million bbls in mid-September, to 15.84 million bbls at the beginning of October.

The inventories have since added weigh with help from recovering production, before shedding 1% in the week to 15 October, when they were last measured by the Energy Information Administration (EIA).

Total US fuel oil stocks fell last week, partly as supply outstripped combined production and imports.

Unprecedented container ship congestion continues to clog up US West Coast ports. The queue to enter Los Angeles and Long Beach has averaged over 60 ships in recent weeks. The waiting time for container ships to take bunkers in the ports can extend to as much as two weeks, sources say.

Bunker availability is tight for prompt dates along the US West Coast. Supply capacity of HSFO380 is limited in Los Angeles with only two suppliers offer the grade there, and in San Francisco, where only one offers.

All fuel grades are in limited supply in Cristobal, and have been tightening in Balboa as ships transiting the Panama Canal have been looking at alternatives to Cristobal. A supplier’s earliest availability in Balboa is around eight days out. Others are unable to offer VLSFO and LSMGO on certain dates amid high demand and bunker congestion.

Resupply could be around the corner. Two cargoes carrying gasoil and diesel, and one carrying low sulphur fuel oil are due to arrive in the Cristobal from the US Gulf Coast and Balboa between 21-23 October, according to vessel tracking.

VLSFO availability is tight in two Brazilian ports. The earliest delivery date is estimated to be 26 October in Rio de Janeiro, and 31 October in Belem. Other Brazilian ports like Santos, Paranagua and Rio Grande have prompt product more readily available.

HSFO380 remains in limited supply across the South American west coast. Ports in Peru, Ecuador and Chile have all been out of product.

Photo credit: ENGINE
Published: 22 October, 2021

Business

Singapore: Notice of intended dividend issued for Parakou Shipping Pte Ltd

Creditors of the company will have to submit proof of debt to the liquidators of Parakou Shipping by 17 June, according to Government Gazette notice.

Published

3 hours ago

June 5, 2026

Admin

A notice to declare the intended dividend of Parakou Shipping Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (3 June).

The following are the details of the notice of intended dividend:

Name of Company : Parakou Shipping Pte Ltd (In Creditors’ Voluntary Liquidation)
Address of Registered Office : c/o KordaMentha, 50 Raffles Place, 25-01 Singapore Land Tower, Singapore 048623
Last Day of Receiving Proofs (if not already lodged): 17 June 2026
Name of Liquidator : Cameron Duncan
Address : c/o KordaMentha Pte Ltd, 50 Raffles Place, #25-01 Singapore Land Tower, Singapore 048623

Photo credit: steve pb from Pixabay
Published: 25 May, 2026

LNG Bunkering

Chinese firms form pact for 20,000 cbm LNG bunkering vessel project

CM Energy Tech, Seacon Shipping Group and China Merchants Heavy Industry (Jiangsu) signed a joint venture agreement for 1+1 20,000 cubic meter LNG bunkering vessels.

Published

3 hours ago

June 5, 2026

Admin

CM Energy Tech Co Ltd, Seacon Shipping Group Holdings Limited and China Merchants Heavy Industry (Jiangsu) Co Ltd on Tuesday (26 May) signed a joint venture agreement for the construction of 1+1 20,000 cubic meter liquefied natural gas (LNG) bunkering vessels.

The parties also signed a shipbuilding contract for the first vessel, which will be constructed by China Merchants Heavy Industry.

The project combines CM Energy Tech’s access to the China Merchants Group ecosystem, Seacon Shipping Group’s expertise in ship management and operations, and China Merchants Heavy Industry’s shipbuilding capabilities. The partners said the initiative is intended to address the shortage of large-capacity LNG bunkering vessels in the Chinese market.

The newbuild LNG bunkering vessel will feature dual C-type independent cargo tanks and is designed with a boil-off rate of just 0.16% per day. It will also be capable of delivering LNG at a bunkering rate of up to 2,000 cbm per hour, enabling efficient refuelling of large LNG-fuelled vessels.

The vessel will be powered by Wärtsilä dual-fuel engines and will comply with IMO Tier III emissions requirements. The first vessel is scheduled for delivery in 2028.

The three companies said they plan to further expand cooperation across the LNG value chain, strengthen their presence in the marine energy sector and provide customers with integrated LNG bunkering services focused on safety, operational efficiency and lower carbon emissions.

Photo credit: David Yu from Pixabay
Published: 5 June, 2026

Methanol

India’s Agastya inks green methanol offtake agreement with SAR Group

Agastya Green Fuels and SAR Group will work together to enable green methanol storage, bunkering, and marine fuel infrastructure across Sri Lanka.

Published

3 hours ago

June 5, 2026

Admin

India’s clean energy conglomerate Agastya Group on Wednesday (3 June) said Agastya Green Fuels signed a long-term green methanol offtake agreement with Sri Lankan bunker supplier SAR Maritime Agencies, a SAR Group company, for the supply of 250,000 metric tonnes (mt) per annum of EU RFNBO RED III Compliant green methanol.

Agastya said the agreement establishes one of the largest green methanol supply partnerships in the Indian Ocean Region and marked a major step toward creating a new green maritime energy corridor connecting India and Sri Lanka.

The green methanol will be supplied from the Agastya Green Fuels Hub at Mulapeta Port, Andhra Pradesh, India, where Agastya is developing a green methanol export-oriented facility with a planned investment of USD 6 billion over the next six years. The facility is expected to produce 1 million mt per annum.

“Through this partnership, Agastya Green Fuels and SAR Group will work together to enable green methanol storage, bunkering, and marine fuel infrastructure across Sri Lanka, positioning Colombo, Hambantota, and Trincomalee as future clean-fuel hubs for global shipping,” the company said in a social media post.

“The Indian Ocean is emerging as the world’s next green fuel corridor. Agastya Green Fuels intends to be at its center,” said Shashi K Reddy Arjula, Founder and Group CEO of Agastya.

Photo credit: CHUTTERSNAP on Unsplash
Published: 25 May, 2026