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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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Business

VPS introduces new General Manager for Middle East and Africa

Dirk de Bruyn brings experience from Rio Tinto, Shell and recently TotalEnergies, and a range of local, regional and global oil, gas and energy roles across four continents.

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Dirk de Bruyn, General Manager for Middle East and Africa, VPS

Maritime decarbonisation advisory services company VPS on Monday (11 November) announced the appointment of Dirk de Bruyn as the company’s new General Manager for Middle East and Africa.

In this role, Dirk will advance VPS’s business within the region with both new and existing key clients. He will be critical to the growth of both the traditional businesses of marine fuels testing and advisory as well as playing a key role of decarbonisation of the maritime industry.

With experience gained at Rio Tinto, Shell and recently TotalEnergies, and a range of local, regional and global roles across four continents in international oil, gas and energy, Dirk brings extensive experience and knowledge in the energy transition space.

Using his extensive knowledge gained in bunker fuel and lubricants, both from a supplier and end-users’ perspective, Dirk previously led a global team focused on energy transition and decarbonisation.

“The maritime industry is changing quickly with ambitious emissions targets and decarbonisation requirements driving the introduction of new technologies and fuels into the market,” said Dr. Malcolm Cooper, CEO of VPS.

“In this dynamic landscape, we are very pleased to have Dirk on board to help VPS customers optimise their operations by understanding which new fuels to use and how to adapt to these sustainable business drivers and meet new regulations.

Dirk noted: “Whilst the industry is rightfully focussed on the path towards Net Zero, we must ensure we do not take our eye off the ball on the operational risks posed by traditional fuels.”

“Energy Transition and the path towards Net Zero is an evolving landscape. With the change in fuel types and the introduction of future fuels, it is important to provide advice and guidance to our customers whilst taking into consideration the differences in legislations.

“VPS leads the way with their technology in biofuels as well as methanol testing which is a key component to reducing our clients emissions and helping them in their journey towards Net Zero. I am excited to be part of this journey with VPS’ with an industry who is focussed on fuel transition.

“With over forty years of knowledge and experience in the marine industry, and a wide range of advanced Digital Decarbonisation platforms such as PortStats, Maress, BOND and Emsys, I have found that our team is filled with experience and determination and I look forward to adding mine into the mix.”

 

Photo credit: VPS
Published: 13 November 2024

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Business

Bunker fuel trading firm Shipergy achieves International Sustainability and Carbon Certification

ISCC certification assures Shipergy’s marine fuel offerings meet sustainability, GHG reduction, and traceability standards – aligning with upcoming FuelEU Maritime.

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London-based provider of marine fuel solutions Shipergy on Monday (11 November) said it has achieved International Sustainability and Carbon Certification (ISCC).

The ISCC certification provides assurance that Shipergy’s fuel offerings meet rigorous sustainability, greenhouse gas (GHG) reduction, and traceability standards – aligning with the EU’s upcoming FuelEU Maritime regulation effective 1 January 2025.

This regulation mandates progressive reductions in GHG intensity across all energy sources used by ships within EU waters. By achieving ISCC certification, Shipergy is now positioned to help its customers meet these regulatory standards while supporting the broader decarbonisation of the maritime sector.

“Achieving ISCC certification is a testament to Shipergy’s dedication to advancing sustainable practices in the maritime industry,” said Daniel Rose, CEO of Shipergy.

“With FuelEU Maritime on the horizon, we are proud to offer our customers a reliable source of certified sustainable fuels, enabling them to navigate the changing regulatory landscape confidently and responsibly.”

Related: Marine fuel trading firm Shipergy secures USD 15 million credit facility with DNB Bank
RelatedShipergy to set up new Singapore regional hub in major recruitment drive
RelatedSignal Group launches tech enabled bunker procurement company Shipergy
RelatedShipergy reports more than 60 bunker procurement transactions since launch
RelatedShipergy to leverage OpenAI’s ChatGPT in AI-powered, bunker fuel market report

 

Photo credit: Shipergy
Published: 13 November 2024

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Battery

Yinson GreenTech and Zeabuz to develop autonomous, remote-controlled electric marine vessels

Collaboration aims to integrate Zeabuz’s hardware and proprietary software algorithms into Yinson GreenTech’s marinEV fleet of electric vessels.

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Yinson GreenTech and Zeabuz to develop autonomous, remote-controlled electric marine vessels

Yinson GreenTech and autonomous maritime technology company Zeabuz have signed a Letter of Intent to integrate autonomous and remote-control capabilities into Yinson GreenTech's fleet of marine electric vessels.

This collaboration was formalised at the Singapore Norway Innovation Conference on 6 November. It marked a significant step towards decarbonising Singapore's maritime industry by combining the power of electrification and autonomous maritime operations.

The collaboration aims to deliver more efficient marine solutions by integrating Zeabuz's hardware and proprietary software algorithms into Yinson GreenTech's marinEV fleet of electric vessels.

Critically, by combining autonomous driving technology with electric marine vessels, this collaboration will address the maritime industry's long-term manpower challenges. It will reduce the number of crew members required onboard, making maritime operations more efficient.

Additionally, it will enhance the attractiveness of maritime jobs by introducing new, knowledge-based skillsets like artificial intelligence, machine learning, and remote operations. This aligns with the Maritime and Port Authority of Singapore's (MPA) Industry Transformation Map, particularly its focus on digitalisation.

“To fulfil Yinson GreenTech's broader vision of building a net-zero world, marinEV believes in harnessing the power of sustainable innovation through strategic partnerships," said Jan-Viggo Johansen, Managing Director of marinEV.

“Our collaboration with Zeabuz marks a significant step towards accelerating the adoption of autonomous solutions, which will not only enhance the safety and efficiency of maritime operations but also significantly reduce our environmental impact on waterways.”

“By combining the power of electrification, onboard autonomy, and remote supervisory control, we are laying a strong foundation for the future of sustainable maritime operations,” said Øyvind Smogeli, CEO and Co-Founder of Zeabuz.

“We are excited to deepen our collaboration with Yinson GreenTech to build a future of sustainable, technology-driven marine transport.”

 

Photo credit: Yinson GreenTech
Published: 12 November 2024

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