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
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
Bunker fuel prices in Singapore weakened in mid-June and some users chose to refuel at Singaporean ports, which negatively impacted China’s bunker sales, reports JLC.
Jiangnan Shipbuilding positioned the CMA CGM vessel’s 2,200 mt engine and other components in record time with five large cranes and an approximate hundred smaller units.
Newly elected President of Sri Lanka intends to renegotiate lease and produce better deal with China.
Enters agreement with Pertamina to market low sulphur marine fuel avails from Sambu Island Fuel Terminal.
Total bunker sales at Panama was 377,649 mt in February, compared to sales of 418,415 mt during the similar period in 2021, according to PMA data.
Sale of Noble America Corp completed at $400 million, $175 million lower than earlier estimates of $575 million.
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
