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ENGINE: Americas Bunker Fuel Availability Outlook

Limited HSFO supply in US West Coast ports; all grades tight in New York, Vancouver and Panama; potential weather disruption in Argentina.

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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:

16 June 2022

  • Limited HSFO supply in US West Coast ports
  • All grades tight in New York, Vancouver and Panama
  • Potential weather disruption in Argentina

 

North America

A supplier in the Houston area has tight availability for delivery of all grades 1-2 weeks ahead. Other suppliers can deliver prompt and prices have kept at discounts to other major regional ports.

All grades have been in tight supply in New York, especially LSMGO which has traded at wide premiums over other regional ports.

HSFO supply has been squeezed in US West Coast ports. A supplier in Long Beach is unable to offer the grade as it struggles to get hold of resupply.

Strike action at the Richmond refinery near San Francisco has put pressure on the region’s production capacity. The refinery is scheduled for a six-week crude distillation unit (CDU) maintenance from 15 June, according to Wood Mackenzie. This could continue to take some production capacity out of the market and keep supply tight.

There has also been limited fuel oil and gasoil available in Vancouver.

 

Latin America

All grades are tight with a supplier in Panama, while other can deliver prompt depending on enquiries. The supplier expects to have no availability in Balboa for at least two weeks. 

HSFO has been particularly tight in Panama lately. Two suppliers in Balboa have no estimates of their earliest HSFO delivery dates, while two others can deliver with 7-8 days of lead time.

VLSFO can also be tight in Balboa. A supplier’s earliest delivery date is nine days out.

Panama’s bunker sales fell by 12% on the month in May, to a three-month low of 421,000 mt, preliminary figures from the Panama Maritime Authority show. 48 fewer ships bunkered in Panama than in April and sales were down across VLSFO, HSFO and LSMGO grades.

Two bunker barges were taken out of operation in Balboa last month, and one added in Cristobal, bringing the total barge count across Panama to 31 – a one-year low.

LSMGO is tight in Trinidad. A supplier is running low on product until replenishment cargo arrives. Other suppliers can deliver the grade with 7-10 days of lead time.

VLSFO is more readily available with certain suppliers in Trinidad. One supplier can deliver the grade with two days of lead time. Another has a busy delivery schedule and looks more towards dates at the end of the month as its earliest.

Prompt availability is tight in Zona Comun, with recommended lead times of 5-7 days. Strong winds are forecast on Friday and could disrupt delivery schedules.

 

Photo credit: ENGINE
Published: 17 June, 2022

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Winding up

Singapore: Liquidators arrange creditors meeting for Otto Marine Limited

Meeting will be held from 3pm on 24 July at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095, according to Government Gazette notice.

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steve pb from Pixabay

A meeting for creditors of Otto Marine Limited, which is in liquidation, has been scheduled to take place on 24 July, according to a Government Gazette notice on Thursday (11 July). 

The meeting will be held from 3pm at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095

The agenda of the meeting will be as follows:

  • To update on the liquidation administration;
  • To approve the Liquidators’ fees and disbursements;
  • To approve the declaration of preferential dividend(s) pursuant to Section
  • 328(1)(b) to 328(1)(f) of the Companies Act, Cap. 50;
  • To consider and if thought fit, to appoint a committee of inspection; and
  • Any other business.

The details of the liquidators are as follows: 

Chee Yoh Chuang
Lin Yueh Hung
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: steve pb from Pixabay
Published: 12 July, 2024

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LNG Bunkering

Titan completes first STS LNG bunkering operation in Cuxhaven

Port of Cuxhaven in Germany had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth, says Titan.

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Titan completes first STS LNG bunkering operation in Cuxhaven

LNG bunker fuel supplier Titan on Thursday (11 July) said it completed the first-ever LNG bunkering operation by ship in the port of Cuxhaven.

Titan’s bunker vessel Optimus successfully delivered LNG to dredger Vox Ariane operated by its long-term client Van Oord. 

“Our ship-to-ship bunkering in Cuxhaven represents a pioneering step in the region's LNG infrastructure development, as the port had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth,” it said in a social media post. 

“LNG infrastructure development is part of a broader trend, with more ports across Germany adopting LNG operations to support shipping’s clean fuels transition.”

Titan added the improved LNG bunkering capabilities in Cuxhaven, a Niedersachsen Ports GmbH & Co. KG port, also opened up the pathway to maritime decarbonisation via liquified biomethane (LBM) and then renewable e-methane going forward.

 

Photo credit: Titan
Published: 12 July, 2024

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LNG Bunkering

UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Firm said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier in the Port of Drammen, Norway.

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UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Norwegian roll-on/roll-off shipping line United European Car Carriers (UECC) on Wednesday (10 July) said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier Auto Achieve in the Port of Drammen on 4 July.

The firm said this was the first time UECC received LNG by barge to any of their vessels in their home country Norway. 

“We also believe that it was the first time LNG was delivered by barge to any vessel in Drammen, and most likely the entire Oslofjord,” UECC said in a social media post.

The LNG was supplied by the Molgas Energy Holding vessel Pioneer Knutsen, owned by Knutsen Group OAS.

“UECC is very pleased to see the expansion of the LNG barge network in Norway,” it said. 

 

Photo credit: UECC
Published: 12 July, 2024

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