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ENGINE: Americas Bunker Fuel Availability Outlook

Bunker purchases complicated by mass volatility and sanctions; US fuel oil inventories tick up before sanctions kick in; prompt fuel tight in multiple Caribbean and South American ports.

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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:

10 March 2022

  • Bunker purchases complicated by mass volatility and sanctions
  • US fuel oil inventories tick up before sanctions kick in
  • Prompt fuel tight in multiple Caribbean and South American ports

Certain suppliers have been hesitant to offer stems in the US Gulf Coast region before they have ruled out majority Russian ownership of vessels, chartering and trading firms involved when fixing stems. The extra due diligence can delay the purchasing process some.

Massive volatility continues to create a difficult pricing environment. Suppliers typically offer firm prices with less than 15-minute validity before reoffering, and price offers can vary greatly between suppliers for the same fuel grade.

Some suppliers have been reluctant to indicate prices before firm enquiries are put forward, limiting the number of price points available.

Bunker availability is tight for prompt dates in the Houston area, where several suppliers’ earliest delivery dates are eight days ahead.

US fuel oil inventories have regained some weight after slumping to near all-time lows a month ago, the latest EIA figures showed this week. The country’s total stocks of residual fuel oil were helped by builds on the East Coast and Gulf Coast in the week to 4 March, while West Coast stocks have held almost unchanged.

US fuel oil inventories remain below their five-year average position at a time when US sanctions on Russian crude and oil products are about to come into effect.

The embargo announced by President Joe Biden this week is set to kick in 45 days after it is signed into law. The US House of Representatives voted overwhelmingly in favour of banning Russian oil imports on Wednesday, a day after Biden’s announcement.

New oil purchases will stop immediately, but US importers have 45 days to complete deliveries.

The embargo is set to have massive repercussions for fuel oil inflows to the US. About a third of fuel oil import volumes that have arrived in US ports so far this year, or is due to arrive by the end of March, have been shipped from Russia, according to cargo tracker Vortexa.

The vast majority of these imports are HSFO (91%) and have mostly departed from Russian ports in the Baltic Sea (70%) and Black Sea (26%).

Almost all of it land on the US Gulf Coast, with the three ports of Good Hope near New Orleans, Houston and Corpus Christi taking around three-quarters of it.

Russian fuel oil is imported to feed complex US refineries that use coker units to upgrade residuals to higher-value distillates like diesel. Other major outlets for imported and domestically produced fuel oil are US and regional bunker ports.

US importers will either need to source more fuel oil from its other top fuel oil sources like Mexico (30%) and Algeria (3%), and low sulphur fuel oil from Brazil, or find alternative sources to make up the import shortfall from places like Iraq.

Fuel availability is already tight across major Central American and Caribbean ports, many of which depend on imports from the US and could feel the pinch if there is less fuel oil available in the US in the months to come.

Bunker schedules are filling up fast in Balboa, even for a week and further out. Prompt VLSFO and LSMGO is still possible to find in Balboa, but at price premiums.

A supplier in Trinidad has been running low on product in wait for resupply. Deliveries off Trinidad have also been delayed by rough weather and choppy seas this week. The earliest delivery dates range between 9-10 days off Trinidad, compared to seven days in port.

The earliest date in Curacao is 11 days out.

VLSFO supply has been tightening for prompt dates at the Argentinian Zona Comun anchorage. Suppliers’ earliest delivery dates range between 6-9 days to 13-14 days. One supplier is not offering while its barge is in dry dock.

 

Photo credit and source: ENGINE
Published: 11 March, 2022

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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