Bunker Fuel Availability

ENGINE: East of Suez Bunker Fuel Availability Outlook (19 Dec 2023)

VLSFO availability improves in Singapore; weak bunker demand in Zhoushan; Fujairah unaffected by Red Sea attacks.

Published

1 year ago

December 20, 2023

Admin

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

VLSFO availability improves in Singapore
Weak bunker demand in Zhoushan
Fujairah unaffected by Red Sea attacks

Singapore

VLSFO availability has improved in Singapore, with lead times of 7-9 days recommended – down from 12-16 days two weeks ago. Average bunker demand and growing fuel inventories in the port have helped to improve the grade’s availability. However, prompt demand continues to remain under pressure as several suppliers are still struggling with tight delivery schedules, a source says.

The southeast Asian bunker hub’s fuel oil stocks have risen above 20 million bbls this month – up from under 19 million bbls in November. An influx of fuel oil imports from Brazil, the UAE and Russia have been behind most of the stock build.

Meanwhile, Singapore’s bio-bunker sales fell from 79,000 mt in October to 58,000 mt in November. These are primarily VLSFO blended with a bio component - typically 24% in Singapore. LNG sales slumped by a significant 55% in the same time frame.

Coming back to conventional bunker fuel, lead times of 6-10 days are recommended for HSFO – almost unchanged from last week. LSMGO remains readily available at the port.

China and East Asia

Availability of VLSFO is normal in Zhoushan amid low demand, with unchanged lead times of 5-7 days from last week. The other two grades – LSMGO and HSFO – remain in good supply in the Chinese bunker hub, with shorter lead times of 2-5 days advised.

VLSFO and LSMGO supply continues to be good in the northern Chinese port of Dalian. Availability of all three grades remains under pressure in the nearby part of Tianjin, with deliveries subject to enquiry there. Prompt availability of VLSFO and LSMGO is tight Qingdao, while HSFO supply is subject to firm enquiry.

Both grades are tight for prompt supply in the southern Chinese ports of Shanghai and Xiamen. Availability of HSFO continues to be under pressure in Shanghai.

Availability of VLSFO is normal in Guangzhou, but LSMGO supply remains tight. While both grades are subject to enquiry in the port of Fuzhou, they are in good supply in Yangpu.

Supply of all three grades remains good in Hong Kong, with several suppliers advising lead times of 5-7 days – similar to last week. Rough weather conditions are forecast in the port between Wednesday and Thursday, which might disrupt bunker operations.

Strong winds and high waves are predicted to hit the South Korean ports of Ulsan, Onsan, Busan, Daesan, Taean and Yeosu intermittently between 20-24 December, which may affect bunker deliveries in these ports.

A trader says that supply of VLSFO has tightened in South Korean ports. Most suppliers are unable to provide delivery dates in December and have pushed back delivery dates to January. Lead times of 3-9 days were advised for the grade last week. But one supplier can still offer the grade in December, a source claims.

Meanwhile, availability remains okay in South Korea, with lead times of around six days for LSMGO and nine days for HSFO.

Most suppliers in Japan are running low on stocks and have pushed back delivery times to the beginning of January. Reduced production in refineries, which have been focusing on domestic demand, are the primary reasons behind tighter bunker fuel supply, a trader explains.

Adverse weather conditions are forecast in the Philippine port of Subic Bay between 22-23 December, and in the Thai ports of Koh Sichang and Leam Chabang between 21-25 December, which may hamper bunkering operations.

South Asia

Supply of VLSFO and LSMGO remains good in Kandla on India’s northwest coast, with prompt dates available.

On the other hand, both the grades remain under pressure in several Indian ports including Mumbai, Visakhapatnam, Cochin, Haldia, Tuticorin and Paradip, with deliveries subject to availability.

Bad weather conditions are forecast in the Indian port of Sikka on Wednesday, which may impact bunkering deliveries.

Middle East

Persistent attacks on commercial ships in Red Sea by Yemen-based Houthi militant group have compelled several shipping companies to reroute their vessels and take the long route around Africa via the Cape of Good Hope. The attacks have also warranted a response from the US, which has announced a multination force to counter the threat.

The attacks have been carried out on merchant vessels in the Red Sea, especially in the Bab el-Mandeb Strait - a critical waterway for global maritime trade that runs between Djibouti and Yemen.

But Matthew Wright, lead freight analyst at Kpler has told ENGINE that most vessels are still using the Red Sea despite relentless Houthi attacks.

A trader says that the Red Sea attacks have yet to have had a substantial impact on bunker ports in the Middle East, including Jeddah, Port Suez and Fujairah, and that it is “business as usual.”

However, there has been increased traffic towards the Cape of Good Hope in the past few days, Wright adds. If the crisis continues to escalate, it might push traffic around Africa, which might also shift more bunker deliveries to African ports.

For the time being, the UAE port of Fujairah has been witnessing an unrelated uptick in demand due to upcoming holiday season. This has kept prompt availability of all grades under pressure in the port, with most suppliers advising lead times of around seven days.

By Tuhin Roy

Photo credit and source: ENGINE
Published: 20 December, 2023

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Bunker Fuel

JLC China Bunker Fuel Market Monthly Report (December 2024)

Country sold about 1.59 million mt of bonded bunker fuel in the month, with daily sales at 51,332 mt, a dip of 1.25% from a month earlier, JLC’s data shows.

Published

13 hours ago

January 13, 2025

Admin

JLC China Bunker Fuel Market Monthly Report (December 2024)

Beijing-based commodity market information provider JLC Network Technology Co. recently shared its JLC China Bunker monthly report for December 2024 with Manifold Times through an exclusive arrangement:

China’s daily bonded bunker fuel sales slip in December

China’s daily bonded bunker fuel sales slipped in December, as domestic LSFO supply tightened.

The country sold about 1.59 million mt of bonded bunker fuel in the month, with daily sales at 51,332 mt, a dip of 1.25% from a month earlier, JLC’s data shows. (Note: The volume of China’s November bonded bunker fuel sales has been revised to 1.56 million mt, up from 1.52 million mt stated in the report for November, with Chimubusco’s sales up from 320,000 mt to 360,000 mt.)

Bonded bunker fuel sales by Chimbusco, Sinopec (Zhoushan), SinoBunker and China Changjiang Bunker (Sinopec) settled at 450,000 mt, 500,000 mt, 40,000 mt and 15,000 mt in the month, while those by suppliers with regional bunkering licenses settled at 586,300 mt.

Overall bunkering demand was relatively stable in the month, but domestic refiners continued to cut their LSFO production amid tight quotas, resulting in a decline in daily bonded bunker fuel sales.

China’s bonded bunker fuel exports surge in November

China’s bonded bunker fuel exports surged in November, as bunker suppliers were making efforts to boost sales, also because of more re-export trade activities.

The country exported about 1.82 million mt of bonded bunker fuel in the month, with the daily exports at 60,643 mt, up by 46.57% month on month and 32.97% year on year, JLC calculated, with reference to data from the General Administration of Customs of PRC (GACC).

In breakdown, heavy bunker fuel exports climbed to about 1.71 million mt, accounting for 93.77% of the total exports, while light bunker fuel exports amounted to 113,300 mt, occupying 6.23%.

Despite a further drop in domestic LSFO output, bonded distributors exported more bonded bunker fuel in the month, in a bid to achieve their annual sales targets and lower their inventories. Meanwhile, bonded distributors saw more arrivals of imported LSFO cargoes, and they sold more bonded bunker fuel in the form of re-export trade, which also drove up the exports.

China tallied a total of 18.19 million mt of bonded bunker fuel exports in January-November, with the daily exports at 54,309 mt, inching up by 0.39% from the same months in 2023, JLC estimates, based on the GACC data. Specifically, heavy bunker fuel exports settled at 16.99 million mt in the eleven months, accounting for 93.37% of the total, while light bunker fuel exports settled at 1.21 million mt, making up 6.63%.

JLC China Bunker Fuel Market Monthly Report (December 2024)

Domestic-trade heavy bunker fuel demand strengthens in December

Domestic-trade heavy bunker fuel demand strengthened in December.

Domestic-trade heavy bunker fuel demand amounted to 400,000 mt in December, rising by 20,000 mt or 5.26% month on month, JLC’s data shows.

Shipowners just made purchases to meet rigid demand in the first half of the month when domestic bunker fuel prices rose. However, they engaged in more transactions in the second half as prices retreated and their restocking demand increased amid the approach of the Spring Festival.

On the flip side, domestic light bunker fuel demand dropped to 140,000 mt in the month, down by 10,000 mt or 6.67% from the prior month.

Market sentiment was bearish on diesel demand, attributable to lower operating rates at infrastructure construction and other outdoor projects amid falling temperatures.

Bunker Fuel Supply

China’s bonded bunker fuel imports hit 44-month high

China’s bonded bunker fuel imports soared significantly in November, hitting a 44-month high, as domestic LSFO supply tightened amid insufficient export quotas.

China imported 915,200 mt of bonded bunker fuel in the month, the highest level since March 2021, JLC calculated, with reference to data from the GACC. The imports jumped by 35.50% from the previous month and 70.46% from a year earlier.

Domestic refiners continued to cut their LSFO output as they had run short of export quotas. As a result, bonded dealers had to import more bonded bunker fuel to fill the demand gap. These refiners produced about 466,000 mt of LSFO in November, with the daily output at 15,533 mt, plunging by 38.87% month on month and 41.58% year on year, JLC’s data shows.

While LSFO imports grew, imports of bonded HSFO and MGO were still basically stable in November.

Malaysia was still the largest bonded bunker fuel supplier to China in November, shipping 472,200 mt of bonded bunker fuel to China, which accounted for 51.60% of China’s total imports. Meanwhile, Singapore and South Korea remained in the second and third place with 262,100 mt and 112,000 mt, accounting for 28.64% and 12.23%, respectively. Peru came in fourth with 86,900 mt, occupying 7.53%.

China imported a total of 4.95 million mt of bonded bunker fuel in January-November, skyrocketing by 29.33% from the corresponding months in 2023, versus a rise of 22.61% in January-October.

JLC China Bunker Fuel Market Monthly Report (December 2024)

Blenders raise heavy bunker fuel supply in December

Chinese blenders raised their heavy bunker fuel supply in December, as downstream restocking increased amid the approach of the Chinese New Year holiday, though supply of some blendstock such as shale oil and light coal tar was relatively tight.

These blenders supplied about 430,000 mt of domestic-trade heavy bunker fuel in the month, a boost of 30,000 mt or 7.5% month on month, JLC’s data shows.

On the contrary, domestic-trade light bunker fuel supply tightened amid weaker diesel demand and refineries’ lower operating rates. Domestic-trade MGO supply shrank to 160,000 mt in December, down by 20,000 mt or 11.11% from a month earlier, the data indicates.

JLC China Bunker Fuel Market Monthly Report (December 2024)

BunkerPrices,Profits

JLC China Bunker Fuel Market Monthly Report (December 2024)

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JLC Network Technology Co., Ltd is recognised as the leading information provider in China. We specialise in providing the transparent, high-value, authoritative market intelligence and professional analysis in commodity market. Our expertise covers oil, gas, coal, chemical, plastic, rubber, fertilizer and metal industry, etc.

JLC China Bunker Fuel Market Monthly Report is published by JLC Network Technology Co., Ltd every month on China bunker market, demand, supply, margin, freight index, forecast and so on. The report provides full-scale & concise insight into China bunker oil market.

Note: China-based commodity market information provider JLC Technology has been providing Singapore bunkering publication Manifold Times China bunker volume data since 2020. Data from earlier periods are available here.

Photo credit: JLC Network Technology
Published: 13 January, 2024

Bunker Fuel Availability

ENGINE: Americas Bunker Fuel Availability Outlook (9 Jan 2025)

Fog season impacting US Gulf Coast bunkering; prompt availability improves in West Coast ports; rough weather causing delays in New York.

Published

4 days ago

January 10, 2025

Admin

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

Fog season impacting US Gulf Coast bunkering
Prompt availability improves in West Coast ports
Rough weather causing delays in New York

North America

Bunker fuel availability in Houston remains tight across all grades, according to a source. High winds over the last few days have created some backlogs by delaying bunker deliveries in the port.

Deliveries can remain suspended due to high wind gusts until 10 January, a source said. Suppliers generally require lead times of 7-9 days for VLSFO and LSMGO deliveries in Houston, while HSFO could take more than nine days.

Dense fog and reduced visibility around the Galveston Offshore Lightering Area (GOLA) have disrupted bunker deliveries. “Prolonged delays are expected over the next several days due to high winds [around GOLA],” a source said.

The New Orleans Outer Anchorage (NOLA) also faces fog-related disruptions, similar to GOLA. Fog conditions in the anchorage area depend heavily on wind directions. Southerly winds from the Gulf typically result in fog, while colder, northerly winds keep visibility clear.

On the West Coast, prompt bunker availability has improved in Los Angeles and Long Beach in January, with suppliers recommending lead times of seven days for VLSFO and LSMGO.

On the East Coast, availability for VLSFO and LSMGO is good in New York, but bunkering operations may be suspended this week due to rough weather, causing potential delays, a source said. Standby tugs may be required at certain times, the source added.

High wind gusts could suspend bunker deliveries in Canada’s Montreal.

Caribbean and Latin America

Demand remains strong in the Panamanian ports of Balboa and Cristobal, amid tight availability across all grades. Suppliers require lead times of more than seven days to secure stems.

The Colombian ports of Santa Marta, Barranquilla and Cartagena have seen more demand in recent days, tightening availability. December and January are the months with the highest demand, a source remarked.

Bunker operations at Argentina’s Zona Común anchorage may face some disruptions due to rough weather and strong wind gusts. Prompt VLSFO availability is tight at the anchorage, with lead times of at least seven days advised, a source said.

By Aparupa Mazumder

Photo credit and source: ENGINE
Published: 10 January, 2024

Bunker Fuel Availability

ENGINE: Europe & Africa Bunker Fuel Availability Outlook (8 Jan 2025)

High LSMGO demand in the ARA; bunker supply good in Lisbon; LSMGO still dry in Durban.

Published

5 days ago

January 9, 2025

Admin

The following article regarding Europe and Africa bunker fuel availability has been provided by online marine fuel procurement platform ENGINE for post on Singapore bunkering publication Manifold Times:

High LSMGO demand in the ARA
Bunker supply good in Lisbon
LSMGO still dry in Durban

Northwest Europe

HSFO supply is still tight for very prompt delivery dates in Rotterdam and other ARA ports, a trader said. Lead times of 5-7 days are advised for the grade.

VLSFO and LSMGO supply is good in Rotterdam, with lead times of 3-5 days advised for full coverage from suppliers. LSMGO demand has been on the increase in the ARA recently, according to a source.

The ARA’s independently held fuel oil stocks increased 9% in December compared to November, according to Insights Global data.

The region imported 161,000 b/d of fuel oil in December, significantly down from 301,000 b/d imported in November, according to data from cargo tracker Vortexa.

The UK (27% of the total) was the ARA's biggest fuel oil import source in December, followed by Poland (17%), Denmark (13%), Germany (11%) and Colombia (9%).

The ARA hub’s independent gasoil inventories - which include diesel and heating oil - held steady in December. The region imported 238,000 b/d of gasoil and diesel in December, down from 359,000 b/d imported in November, according to Vortexa data.

Workers in the French ports of Saint-Nazaire and Montoir will go on strike on and off for four hours at a time this month, a trade union has announced according to GAC Hot Port News. The trade union will also hold a two-day strike, starting on 3 February.

The strikes could impact bunkering in these ports, a trader told ENGINE, adding that bunker demand in France is currently weak.

Germany’s Hamburg port has good bunker supply across VLSFO, HSFO and LSMGO. A trader advised lead times of 3-5 days for all three grades.

Mediterranean

Bunker availability is good in Gibraltar, with recommended lead times of 3-5 days for all three grades, a source said. Gibraltar witnessed adverse weather intermittently last week, which continued into Monday. This led to severe congestion in the port until Tuesday, when the congestion began easing. Bunker deliveries have been proceeding smoothly since.

Rough weather could impact bunkering in Gibraltar on Wednesday and Thursday, with strong wind gusts of up to 23 knots forecast in the port area.

The Canary Islands' port of Las Palmas is still struggling with tightness in supply for all three grades, a trader said. Lead times of 5-7 days are recommended for optimal coverage.

Meanwhile, Portugal’s Lisbon and Sines have good bunker supply with ample availability of all grades, according to a trader.

Suppliers in the Greek port of Piraeus are witnessing very weak demand despite good availability across fuel grades, a trader told ENGINE. Some suppliers are able to offer prompt delivery dates.

Turkey’s Istanbul has normal supply of VLSFO, LSMGO and HSFO. Lead times of 3-4 days are advised by traders across. Demand has been moderate recently with very few stems being booked, a trader said.

Bunker demand is stable off Malta, where availability is good for all grades, a trader said. Lead times of 4-5 days are recommended. Bunkering disruptions may occur off Malta on Wednesday, Friday and Saturday when rough weather is forecast in the area.

Africa

VLSFO availability is tight for prompt supply in South Africa’s Durban and Richards Bay, a trader told ENGINE. Lead times of 7-10 days are advised for the grade in both ports.

Securing LSMGO is a challenge in Durban as it continues to be dry in the port, according to a trader.

Mauritius’ Port Louis has good availability across VLSFO, HSFO and LSMGO, with prompt availability offered by suppliers. Rough weather is forecast in Port Louis from Friday to Monday, which may impact bunkering.

Bunkering is normal in Mozambique’s Nacala and Maputo ports and has not been impacted by the civil unrest in the urban areas, a source told ENGINE. Nacala has good availability of all three grades, while Maputo has normal supply of VLSFO and LSMGO.

Bunker demand in Mozambique is recovering now after a decline in the last two weeks during Christmas and the New Year, a source said. Overall, bunker demand was subdued in December compared to the previous year, the source added.

By Manjula Nair

Photo credit and source: ENGINE
Published: 9 January, 2025