Connect with us

Bunker Fuel Availability

ENGINE: Americas Bunker Fuel Availability Outlook (23 Jan 2025)

Bunker benchmarks in key Americas ports have moved in mixed directions, and vessel traffic has resumed in the Houston Ship Channel.

Admin

Published

on

RESIZED ENGINE Americas

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:

Bunker benchmarks in key Americas ports have moved in mixed directions, and vessel traffic has resumed in the Houston Ship Channel.

Changes on the day, to 07.00 CST (13.00 GMT) today:

  • VLSFO prices up in Houston ($12/mt), unchanged in Zona Comun, and down in Balboa ($8/mt), New York ($3/mt) and Los Angeles ($2/mt)
  • LSMGO prices up in Houston ($2/mt), and down in Balboa ($3/mt), Los Angeles and New York ($2/mt)
  • HSFO prices up in Balboa ($1/mt), unchanged in Houston, and down in New York ($2/mt) and Los Angeles ($1/mt)

Houston's VLSFO price has shot up in the past day, while HSFO has remained broadly stable. The diverging price moves have widened the port’s Hi5 spread by $12/mt since yesterday to $102/mt now.

Bunker fuel availability in Houston is tight across all grades. High wind gusts and an Arctic Front has caused major delays in barge operations in the port. Suppliers require lead times of at least seven days for prompt deliveries.

Rough weather conditions forced the Houston Ship Channel shut earlier this week. Barge traffic has resumed this morning, and the situation will likely improve tomorrow.

Sailing has resumed in Corpus Christi and Texas City this morning. Pilots in Houston are “slowly starting operations,” a source says. Sabine Pass has yet to become operational.

Prompt availability is tight across all fuel grades in the Panamanian ports of Balboa and Cristobal. Suppliers require lead times of 8-9 days to secure stems, according to another source.

Brent

The front-month ICE Brent contract has shed $0.23/bbl on the day, to trade at $78.84/bbl at 07.00 CST (13.00 GMT).

Upward pressure:

A set of stringent sanctions imposed by the US against Russia’s oil industry has continued to lend some support to Brent futures.

The recently departed Joe Biden's administration announced sweeping sanctions against Russia’s energy sector, targeting oil companies, tankers, insurers, traders, etc.

“Crude oil prices continued their volatile performance as traders try to assess the fallout from recent US actions on Russia,” ANZ Bank senior commodity strategist Daniel Hynes said.

On the demand front, cold weather in the northern hemisphere has boosted heating oil demand.

“Oil prices have had a strong start to the year on the back of stricter US sanctions against the Russian energy sector and colder weather supporting demand in parts of the Northern Hemisphere,” ING Bank’s head of commodities strategy Warren Patterson commented.

Downward pressure:

Brent’s price has declined as uncertainties over US President Donald Trump’s tariff threats have weighed on global financial markets. Trump has warned of imposing 25% tariffs on all imports from Canada and Mexico from 1 February.

Additionally, some demand growth concerns resurfaced in the global oil market after the American Petroleum Institute (API) reported an increase of 1 million bbls in US crude oil stocks for the week ending 17 January.

“The API reporting another weekly rise in crude and fuel stocks, also weighed on [oil] prices,” analysts from Saxo Bank said.

Crude oil prices are poised to move lower this year due to additional output from the US, with more drilling in the Trump 2.0 era, market analysts have projected.

Oil futures decreased, "with traders recalibrating their expectations for crude supplies following President Donald Trump's pledge to amplify the US's already record-high crude output,” SPI Asset Management managing partner Stephen Innes said.

By Aparupa Mazumder

 

Photo credit and source: ENGINE
Published: 24 January, 2025

Continue Reading

Bunker Fuel Availability

ENGINE: Americas Bunker Fuel Availability Outlook (6 Feb 2025)

Cold front to pass through the US Gulf Coast; prompt availability good in West Coast; strong wind gusts to cause Zona Comun delays.

Admin

Published

on

By

RESIZED ENGINE Americas

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:

  • Cold front to pass through the US Gulf Coast
  • Prompt availability good in West Coast
  • Strong wind gusts to cause Zona Comun delays

North America

Bunker fuel demand is good in Houston, and availability across all fuel grades is currently tight for prompt delivery dates. Several suppliers can offer VLSFO and LSMGO stems with a lead time of at least seven days.

There is plenty of supply volumes available at the port, a source notes. The real challenge, however, lies in aligning with suppliers’ delivery schedules and ensuring shipments aren’t delayed by adverse weather conditions. High wind gusts and an Arctic Front has caused major delays to bunker operations in the port lately.

A dense layer of fog has reduced visibility in US Gulf Coast ports, delaying bunker operations. “Dense fog [is] forecasted to be an issue this week in US,” a source says, adding that delays are expected around other ports and bunker locations, including Corpus Christi, Freeport, Galveston, Port Arthur, Lake Charles, New Orleans Outer Anchorage (NOLA), Mobile, Tampa and Pascagoula.

Fog conditions in the area depend heavily on wind directions. Southerly winds from the Gulf typically result in fog in the Houston area, while colder, northerly winds can keep visibility clearer.

Earlier this week, the Houston Pilot Association had suspended outbound sailings through the Houston Ship Channel due to dense fog observed throughout the region and Galveston Bay, with visibilities less than 1 nautical mile, another source says.

The channel is a vital waterway for ports in Houston, Galveston, Baytown and Texas City. It often faces closures during the US Gulf Coast’s winter season, which runs until March.

Bunker deliveries in the Galveston Offshore Lightering Area (GOLA) are currently underway, although delays are expected. Operations may face further disruptions this week due to high wind gusts.

Suppliers in New York can offer VLSFO and LSMGO for prompt deliveries, a source says. HSFO is a bit tight and requires longer lead times. Bunker operations may face some delays in the East Coast port until 9 February due to high wind gusts, according to another source.

On the West Coast, Los Angeles and Long Beach have seen good availability across all fuel grades, with suppliers recommending lead times of 5-7 days for VLSFO and LSMGO.

High wind gusts may delay bunker deliveries in Canada’s Montreal port between 6-8 February. Barges at the port are only in operation during daylight hours at the moment.

Caribbean and Latin America

Bunker fuel availability for prompt dates has been on the tight side in the Panamanian ports of Balboa and Cristobal, with the latter having relatively fewer barges.

Vessel transits have slowed in Balboa lately, a source says. Lead times of around 9-10 days are required for prompt VLSFO deliveries in Balboa.

The Colombian ports of Santa Marta, Barranquilla and Cartagena have seen good demand and tightening availability. January and February are the months with the highest demand, a source says.

Prompt VLSFO availability is tight at Argentina’s Zona Comun anchorage, where a recent bout of high wind gusts delayed barge reloadings and bunker deliveries. Seven days of lead time is advised.

Prolonged delays are expected at the anchorage over the weekend. Strong wind gusts forecast between 6-8 February may suspend deliveries.

By Aparupa Mazumder

 

Photo credit and source: ENGINE
Published: 7 February, 2025

Continue Reading

Bunker Fuel

Baltic Exchange: Bunker Report (6 February 2025)

Bunker report panellists include Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S and KPI OceanConnect.

Admin

Published

on

By

Baltic Exchange: Bunker Report (6 February 2025)

The following bunker report has been provided by freight market information provider Baltic Exchange for post on Singapore bunkering publication Manifold Times:

Note:

All values are in US$/metric ton, all-in (invoice price), delivered on board
Delivery in 7-10 days
ISO 8217:2010
IFO 380 3.5% Sulphur
IFO 380 0.5% Sulphur
DMA 0.1% Sulphur

Rotterdam – Waalhaven – Maasvlakte range
Houston – Houston Harbor
Singapore – Anchorage, under SBA Scheme
Fujairah – Offshore Anchorage Area

Submitted weekly at Close of Business UK time, on Tuesday & Thursdays

Panellists:
Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S, KPI OceanConnect

 

Photo credit and source: Baltic Exchange
Published: 7 February, 2025

Continue Reading

Bunker Fuel Availability

ENGINE: Europe & Africa Bunker Fuel Availability Outlook (5 Feb 2025)

Prompt HSFO and VLSFO still tight in the ARA; VLSFO and LSMGO supply constrained in Gibraltar; bunker supply tight in Las Palmas.

Admin

Published

on

By

RESIZED ENGINE Europe and Africa

The following article regarding Europe and Africa bunker fuel availability has been provided by online marine fuel procurement platform ENGINE for post on Singapore bunkering publication Manifold Times:

  • Prompt HSFO and VLSFO still tight in the ARA
  • VLSFO and LSMGO supply constrained in Gibraltar
  • Bunker supply tight in Las Palmas

Northwest Europe

Prompt availability of HSFO and VLSFO remains tight in the ARA hub, requiring lead times of up to seven days for both grades. Supply of LSMGO is comparatively better, with recommended lead times of 3-5 days.

The ARA’s independently held fuel oil stocks averaged 7% higher in January compared to December, according to Insights Global data.

The region imported 287,000 b/d of fuel oil last month, up from 161,000 b/d imported in December, according to data from cargo tracker Vortexa. Saudi Arabia (17% of the total) emerged as the region’s biggest fuel oil import source, followed by the UK (16%), Greece (13%), Poland (11%) and Germany (7%).

The ARA hub’s independent gasoil inventories - which include diesel and heating oil - averaged 15% higher in January. The region imported 190,000 b/d of gasoil and diesel last month, down from 238,000 b/d imported in December, according to Vortexa data.

Rotterdam’s bio-bunker sales in 2024 increased by 1% on the year to 757,000 mt. Despite the rise, the port’s bio-bunker sales were 4% off the record 791,000 mt sold in 2022, according to the Port of Rotterdam Authority. The port’s bio-bunker sales include liquid biofuels blended into conventional bunker fuel grades as well as bio-methanol and bio-LNG.

Singapore overtook Rotterdam as the world’s biggest bio-bunker port last year, with 883,000 mt sold – 17% more than Rotterdam.

The port authority noted a decline in demand for bio-blended fuels in the second half of 2024. It attributed some of the slowdown in demand to “the increased availability of bio-blended fuels in Asia following the European Union’s imposition of anti-dumping duties on Chinese biofuel”.

EU slapped anti-dumping duties of up to 36.4% on biodiesel imports from China from last August. This prompted Chinese exporters to look for alternative outlets and more volumes flowed to Singapore’s bunker market. China is a major exporter of used cooking oil (UCO) feedstock and finished UCO methyl ester (UCOME) biodiesel.

Mediterranean

Securing prompt deliveries of VLSFO and LSMGO grades can be difficult in Gibraltar. Lead times of 7-8 days are recommended for full coverage from suppliers, a source said. Availability of HSFO is said to be normal in Gibraltar, requiring lead times of 3-5 days. Conducive weather conditions are forecast in Gibraltar this week, which would enable smooth bunkering.

Availability of all grades is said to be normal off Malta, requiring lead times of 3-5 days, a trader said. In the Greek port of Piraeus, supply of VLSFO and LSMGO grades is normal, while HSFO availability is subject to enquiries.

In Turkey’s Istanbul, bunker availability is good across all three grades, a trader said. Lead times of 3-5 days are recommended.

In the Canary Islands’ port of Las Palmas, prompt supply of all three grades is said to be tight. Lead times of 7-10 days are recommended for full coverage from suppliers. Smooth bunker deliveries in Las Palmas remain subject to weather conditions. High swells of up to 1.8 metres are forecast to hit Las Palmas on Thursday, which could complicate deliveries.

Africa

In the South African ports of Durban and Richards Bay, VLSFO supply is tight with recommended lead times of 7-10 days. Suppliers have run out of LSMGO stocks in Durban, a trader said.

Meanwhile, a stem was delivered off Algoa Bay on 29 January. British oil supplier BP sold the stem, which was delivered by a barge owned by African Marine Solutions (AMSOL), a source told ENGINE. This marked the first offshore bunker operation in Algoa Bay since deliveries were banned in 2023, according to the source.

However, the return of regular bunkering off Algoa Bay could take a longer time, as barge operators are still waiting for clarity on certain rules of the Customs and Excise Act, another source said.

In Mozambique’s Nacala port, supply of VLSFO, HSFO and LSMGO grades is good, according to a source. LSMGO availability is good in Maputo, while VLSFO supply is under pressure.

By Shilpa Sharma

 

Photo credit and source: ENGINE
Published: 6 February, 2025

Continue Reading
Advertisement
  • Zhoushan Bunker
  • Consort advertisement v2
  • Sea Trader & Sea Splendor
  • Aderco advert 400x330 1
  • SBF2
  • v4Helmsman Gif Banner 01
  • EMF banner 400x330 slogan
  • RE 05 Lighthouse GIF

OUR INDUSTRY PARTNERS

  • HL 2022 adv v1
  • SEAOIL 3+5 GIF
  • Singfar advertisement final
  • E MARINE LOGO
  • Triton Bunkering advertisement v2


  • Synergy Asia Bunkering logo MT
  • Energe Logo
  • Auramarine 01
  • PSP Marine logo
  • Innospec logo v6
  • endress
  • Trillion Energy
  • Mokara Final
  • Uni Fuels oct 2024 ad
  • metcore
  • LabTechnic
  • VPS 2021 advertisement
  • Headway Manifold
  • 400x330 v2 copy
  • Advert Shipping Manifold resized1

Trending