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ENGINE: Americas Bunker Fuel Availability Outlook

Prompt stems generally available in the region; supply tight in Panama, especially gasoil; Santos VLSFO back to discounts amid good availability.

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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:

21 July 2022

  • Prompt stems generally available in the region
  • Supply tight in Panama, especially gasoil
  • Santos VLSFO back to discounts amid good availability

 

North America

Prompt HSFO deliveries are available with several suppliers in the Houston area, although one supplier has reportedly been unable to accommodate a prompt stem.

Prompt VLSFO and LSMGO grades are readily available in the Houston area and in the Galveston Offshore Lightering Area (GOLA). LSMGO can be delivered in three days with a supplier, VLSFO in just one day.

Smaller stem sizes are typically priced more competitively than larger ones in Houston, but this can vary from stem to stem.

Availability of prompt product can be slightly tighter in New Orleans, where a supplier can offer VLSFO and LSMGO with five days of lead time, while another’s earliest delivery dates are 7-8 days out. But it varies between suppliers. One supplier can deliver within a day in the port.

Availability is mixed in the US Gulf Coast port of Pascagoula. One supplier has no LSMGO availability for dates 4-5 days out, while another supplier can accommodate.

 

Caribbean and Latin America

Bunker availability continues to be under pressure in Panama and Trinidad, especially for LSMGO. Balboa’s LSMGO price has shot up to big premiums of $120-130/mt over Houston in the past two days.

The earliest delivery dates for LSMGO and HSFO in Balboa vary between 12 days with one supplier and 8-10 days with another.

A supplier in Panama can deliver LSMGO and VLSFO with six days of lead time in Balboa, but has more constrained availability in Cristobal for those dates, and bunker schedules are overall busy for the remaining dates of the month across both sides of the Panama Canal.

VLSFO is in limited supply well into the first half of August with a supplier in Cristobal. Availability is slightly better in Balboa, but is still under pressure for prompt dates with certain suppliers.

VLSFO and LSMGO deliveries are available with a supplier off Trinidad with 4-5 days of lead time, while another supplier can only deliver VLSFO on prompt dates.

The grades are also available with roughly four days of lead time off Aruba.

Prompt availability of VLSFO, LSMGO and HSFO is normal in St. Eustatius, where a supplier can accommodate stems with 4-5 days of lead time. Cruise ships will take priority in the bunker line-up when they arrive, however.

Suppliers in both Santos and Zona Comun have good VLSFO availability for dates towards the end of the month, but the Brazilian port has been pricing the grade more competitively to Zona Comun.

Zona Comun’s VLSFO benchmark flipped to a premium over Santos on Thursday for the first time in over a week. It had previously been at sustained discounts to both Santos and other Brazilian ports.

Most suppliers in Uruguay’s Montevideo can accommodate VLSFO and LSMGO deliveries on dates towards the end of the month, but prices remain elevated against Argentina’s nearby Zona Comun anchorage.

Montevideo prices VLSFO around $130/mt higher than in Zona Comun, and LSMGO over $300/mt higher.

 

Photo credit and source: ENGINE
Published: 21 July, 2022

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Milestone

Singapore retains titles as Best Global Seaport and Best Seaport in Asia

Port of Singapore has been named the “Best Global Seaport” for the third consecutive year and the “Best Seaport in Asia” for the 35th time at the 2023 AFLAS Awards.

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Singapore retains titles as Best Global Seaport and Best Seaport in Asia

The Maritime and Port Authority of Singapore on Friday (29 September) said the Port of Singapore has been named the “Best Global Seaport” for the third consecutive year and the “Best Seaport in Asia” for the 35th time at the 2023 Asian Freight, Logistics and Supply Chain (AFLAS) Awards.

These accolades recognise the contributions by the Port of Singapore serving as a key node in the global supply chain, and Singapore’s leadership in driving maritime decarbonisation and transformation.

The annual AFLAS Awards is organised by freight and logistics publication, Asia Cargo News, to honour leading service providers in the supply chain community for demonstrating leadership as well as consistency in service quality, innovation, customer relationship management and reliability. Winners were determined by votes cast by readers of the publication.

singapore best seaport 2

Mr Chee Hong Tat, Acting Minister for Transport and Senior Minister of State for Finance, said: “Singapore is honoured to be named the Best Global Seaport and Best Seaport in Asia. These awards are the result of the shared effort and strong collaboration between the Government, industry, unions and workers. We will continue to grow our port as an efficient, sustainable, and trusted node in global supply chains.”

Mr Teo Eng Dih, Chief Executive of MPA, said: “These awards are testament to the partnership and collaboration between Maritime and Port Authority of Singapore (MPA) with industry and international partners, the research and enterprise community, as well as unions. MPA remains committed to fostering an environment that encourages enterprise, innovation, and talent development.”

“We will continue to work with our partners to enhance Singapore’s connectivity, advance digitalisation efforts, and accelerate the decarbonisation of international shipping in line with the 2023 IMO strategy on reduction of GHG emissions from ships.”

Photo credit: Maritime and Port Authority of Singapore 
Published: 29 September, 2023

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Employment

Melvin Lum appointed as KPI OceanConnect Global Accounts Commercial Director in Singapore 

Lum will take on the position of Commercial Director from Thomas Lee who was recently promoted to Head of APAC in a management restructure within KPI OceanConnect.

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Melvin Lum appointed as KPI OceanConnect Global Account Commercial Director in Singapore

Global marine energy solutions provider KPI OceanConnect on Thursday (28 September) announced the appointment of Melvin Lum as Commercial Director for its Global Accounts team in Singapore.

Lum will take on the position of Commercial Director from Thomas Lee who was recently promoted to Head of APAC in a management restructure within KPI OceanConnect. 

The Global Accounts team is an expert unit within KPI OceanConnect, specialised in providing long-term, tailored fuel strategy solutions to a portfolio of Key Accounts on a global scale. Dedicated regional teams located in London, Houston and Singapore work seamlessly across the world and around the clock to support their clients.

Lum joined KPI OceanConnect in 2021 as Senior Key Account manager and has made a significant contribution to the development of the team and optimisation of the daily operations of the unit in Singapore. Lum has vast experience across the supply chain and previously worked with TotalEnergies, Glencore and Global Energy Group prior to joining KPI OceanConnect.

Henrik Zederkof, Head of Global Accounts at KPI OceanConnect, said: "It is always a pleasure to witness the growth of our team members, and Melvin's progression is no exception. I have full confidence in Melvin's expertise, ability to lead the unit and dedication to his team. I look forward to seeing the progress of Melvin and his team, which will undoubtedly bring significant value to our numerous partners and the wider organisation.”

"Melvin will assume a pivotal role within the Global Accounts management team, leveraging his extensive experience in supply chain management and profound insight into emerging technologies. In his new role, Melvin will further enhance our team's skill set, aligning them with our ongoing objectives of supporting our partners in their green transition and digitalisation endeavours."

Melvin Lum, Commercial Director of KPI OceanConnect Global Accounts in Singapore, said: "I am very appreciative of the support and confidence from our management team as I take on this exciting new role. I am enthusiastic to work with the team as we continue to deliver an exceptional experience to our partners and stakeholders with dedication, innovation and passion."

Photo credit: KPI OceanConnect 
Published: 29 September, 2023

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Biofuel

TotalEnergies Marine Fuels renews ISCC EU certification for bio bunker fuel  

Firm’s operations teams in Singapore and Geneva successfully renewed its ISCC EU sustainability certification for the supply of biofuel bunkers, says Louise Tricoire, Vice President.

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TotalEnergies Marine Fuels renews ISCC EU certification for bio bunker fuel

Louise Tricoire, Vice President of TotalEnergies Marine Fuels recently said the firm’s operations teams in Singapore and Geneva successfully renewed its International Sustainability and Carbon Certification (ISCC) EU sustainability certification for the supply of biofuel bunkers.

“This means that TotalEnergies Marine Fuels can continue sourcing and supplying marine biofuels in accordance with EU renewable energy regulations ensuring the highest sustainability standards,” she said in a social media. 

“It's the third year in a row that we have successfully renewed this certification, after a deep and comprehensive audit which showed zero non-conformity.”

She added marine biofuels have grown in demand among shipping companies that want to cut greenhouse gas emissions immediately. 

“TotalEnergies Marine Fuels offers marine biofuels commercially in Singapore and we are starting in Europe. This certification enables us to accompany our customers in their decarbonisation journey with the best standard solutions available today.”

Photo credit: TotalEnergies Marine Fuels
Published: 29 September, 2023

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