The following article regarding regional bunker fuel availability outlook for the Americas has been provided by online marine fuels procurement platform ENGINE for publication on Singapore bunkering publication Manifold Times:
10 September, 2021
Louisiana bunker suppliers have started supplying again, and HSFO380 has been limited in Curacao this week as supplier awaits replenishment.
Ports and waterways along the Lower Mississippi River have reopened after Hurricane Ida ripped through southern Louisiana and crippled infrastructure with power outages and material destruction.
Bunker suppliers in New Orleans have gradually resumed deliveries after being knocked out of operation by Ida, but some have limited availability, especially for prompt dates.
Another two suppliers can offer for prompter dates. One of these suppliers has wide availability across dates and grades, and has delivered stems at berth and available anchorages in New Orleans and nearby locations along the Mississippi River from late last week.
Three suppliers can offer for deliveries from around 15 September.
One supplier is unable to offer at the moment.
None of the suppliers were able to offer bunkers for much of last week amid major supply disruptions. Now that several offer again, New Orleans’ VLSFO and LSMGO prices have shot up to wide premiums over other regional ports such as Houston, Texas City and Galveston.
Houston, Galveston and other Texan ports were not struck by Ida, which made landfall further east in Louisiana’s Port Fourchon on 29 August.
US fuel oil stocks grew by 2% last week amid builds on the East Coast and West Coast. Gulf Coast stocks were steady. The country’s fuel oil production rose by 9%. Imports surged 27% higher with the majority of imports coming from Russia, Mexico, Bahamas and Ecuador.
Availability is tight for prompt dates in Zona Comun, and better for dates further out. Rough weather disrupted bunkering in Zona Comun on Tuesday and Wednesday.
HSFO380 availability is limited in Curacao, where a supplier awaits an incoming cargo to replenish its stocks and expects to be able to supply from 14-15 September.
Other ports in the Caribbean have the high sulphur grade in stock, including Kingston, St. Eustatius, Cristobal and Cartagena. Prompt supplies are tight in Cartagena, however, so buyers are advised to book stems 3-5 days or 14 days ahead, depending on the supplier.
Photo credit: ENGINE
Published: 10 September, 2021
Taking additional costs together with calorific value, density short-lifts and overall fuel quality should yield a good benefit for the bunker buyer, writes Senior Research Analyst.
Development follows an application for the winding up of the company to the General Division of the High Court on 12 July 2021.
Annual turnover of the country’s maritime industry down 7.9% allegedly due to Hanjin Shipping bankruptcy.
Torbjørn Kjus left after former firm suffered US $11.8 million loss in IMO 2020 financial derivative contracts.
Amount of bunkers sold at the port totalled 23.71 million mt from January to June 2019; 6.5% down on year.
‘The situation is being closely monitored and in view of poor sea conditions, salvage efforts are currently on hold [...] crew are safe and have been transferred to shore,’ it said.
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.
Dwivedi Vivek Kumar ended his tenure as Global Head – Bitumen & Shipping & Regional Head – APAC at GP Global APAC on 10 November 2020 due to internal structuring of the GP Global Group.
