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Argus Media: Covid-19 hits bunker fuel loading at Singapore terminal

14 Oct 2021

Sammy Six of global energy and commodity price reporting agency Argus Media on Wednesday (13 October) reported on the increase of Covid-19 cases affecting bunker barge loading operations at a Singapore terminal.

A new Covid-19 cluster on Jurong island is causing delays to barge loadings of bunker fuel in Singapore, according to local market participants. 

The cluster, which emerged a few days ago, is impacting operations at Universal Terminal, which is Singapore’s biggest independent oil storage terminal with 2.33mn m³ (14.7mn bl) of capacity and part owned by state-controlled PetroChina International (Singapore). The terminal consists of 78 storage tanks and 15 jetties, of which two can berth fully-laden very-large crude carriers.

“The queue of barges waiting to load is getting longer and the loading duration is lengthening as well,” according to a local supplier.

The terminal is apparently short-staffed because of the outbreak. “Mooring crews are in short supply in Jurong, especially at Universal Terminal,” said a local bunker trader.

Several market participants said they have been dealing with delays since last weekend. Loadings of high-sulphur fuel oil (HSFO) and very low-sulphur fuel oil (VLSFO) are particularly affected, more so than for low-sulphur marine gas oil (LSMGO).

Meanwhile, demand for bunkers in the city-state is softening because of rapidly rising crude oil prices. This should help limit the adverse effects of interrupted services.

Singapore has seen a surge in Covid-19 cases in recent weeks, rising from around 1,000/d in mid-September to about 3,000/d in the past seven days, according to data from Johns Hopkins University.

 

Photo credit and source: Argus Media
Published: 14 October, 2021

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