Business

ENGINE: Americas Bunker Fuel Availability Outlook

Prompt bunker availability tight in major regional ports; US fuel oil stocks fall further below five-year average; new barging surcharges come into effect.

Published

4 years ago

March 18, 2022

Admin

Resized Americas Bunker Fuel Availability Outlook image for Manifold Times

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:

17 March 2022

Prompt bunker availability tight in major regional ports
US fuel oil stocks fall further below five-year average
New barging surcharges come into effect

Several suppliers are unable to commit to prompt HSFO380, VLSFO and LSMGO deliveries in Houston. The earliest delivery dates for VLSFO and LSMGO in the Houston area range between 7-11 days ahead, depending on the supplier.

New barging surcharges of 22% have come into effect in New York and several other US East Coast ports this week. They did not previously have any surcharges.

Bunker availability is tight with several suppliers in US West Coast ports. A supplier’s earliest delivery date for VLSFO in Los Angeles is 12 days out due to a busy barge schedule.

HSFO380 continues to be tight along the North American west coast. Only one supplier is offering the grade in each of Vancouver, San Francisco and Los Angeles now, sources say.

Stocks of residual fuel oil held in the US fell last week amid a big supply increase, according to the Energy Information Administration (EIA).

Volumes supplied to refiners, blenders and bulk terminals more than doubled on the week, reaching four-week highs.

US refinery production of fuel oil rose by a third on the week, with the biggest gains seen on the West Coast. The increase came as US refineries’ utilisation rates rose above 90% for the first time in seven months.

Fuel oil imports picked up slightly. Russia dropped down to second place among top import sources, behind Mexico, according to Vortexa. But significant cargo volumes continued to arrive in Philadelphia and US Gulf Coast ports from the Russian Black Sea and Baltic Sea.

A significant number of Russian fuel oil cargoes are in transit and expected to arrive in US Gulf Coast ports in the second half of March and early April, but no new purchases have been allowed after US lawmakers slapped sanctions on Russian oil last week.

US importers have 45 days to complete deliveries of cargoes purchased before the embargo came into effect, so Russian oil is still likely to flow to US ports well into April.

Prompt supply of VLSFO and LSMGO is also tight in Panama, where suppliers’ earliest delivery dates range between 6-9 days out. It might be possible to fit smaller stems into supplier schedules before then, depending on quantity and specific delivery dates.

Prompt supply is tight in Zona Comun, with certain suppliers’ earliest delivery dates 8-10 days out.

Photo credit and source: ENGINE
Published: 18 March, 2022

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

1 day 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: 5 June, 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

1 day 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

1 day 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: 5 June, 2026