Business

ENGINE: Americas Bunker Fuel Availability Outlook

Bad weather has delayed stems in GOLA and Zona Comun, and US Gulf Coast refineries have ramped up fuel oil production after Hurricane Ida struck.

Published

5 years ago

October 1, 2021

Admin

Resized Americas Bunker Fuel Availability Outlook image for Manifold Times

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:

29 September, 2021

Bad weather has delayed stems in GOLA and Zona Comun, and US Gulf Coast refineries have ramped up fuel oil production after Hurricane Ida struck.

Strong winds and choppy seas halted bunkering at anchorage in Zona Comun on Tuesday, delaying deliveries by several hours. Calmer weather conditions later on Tuesday allowed bunkering to resume.

Another round of strong winds is forecast at the Argentinian anchorage location from Wednesday evening, and set to last until Thursday morning. Deliveries could be disrupted then.

Bunkering in the Galveston Offshore Lightering Area (GOLA) was also disrupted by rough weather on Tuesday. By the time conditions had improved to let deliveries go ahead on Wednesday some stems had been delayed by up to a day.

Bunker fuel oils and gasoil are generally in good availability across key US bunkering areas such as Houston, Los Angeles and New York, with no significant shortages reported. But there are pockets of tightness around the Americas. Uruguay’s Montevideo and Canada’s Montreal have had tight VLSFO availability for some time.

Residual fuel oil inventories in the US have been drawn down to four-week lows amid a sharp increase in supply, weekly data from the Energy Information Administration (EIA) shows.

US fuel oil supply increased by more than a third, and outweighed combined production and imports.

US refineries produced more fuel oil last week, especially on the Gulf Coast, where nothing was produced in the previous week. Several refineries in the region halted or reduced production when Hurricane Ida struck a month ago, and have gradually ramped up run rates towards normal levels.

Imports into the US fell last week, but remained above the averages for previous weeks in September, and in August and July.

Destocking towards the end of the year could create a two-tiered bunker market in the Houston area, with large price spreads between suppliers, sources say. Some suppliers could seek to push higher volumes to reduce product in storage, which is taxed based on how much is left in tanks at the end of the year.

Strategies will vary between suppliers, but if more volumes are supplied as bunkers, barge availability could come under pressure and eventually boost bunker prices in some cases.

Meanwhile, some bunker suppliers would likely lower prices to move more product, so pressure on prices is not likely to be one-sided.

Photo credit: ENGINE
Published: 1 October, 2021

Legal

Singapore withdraws remaining 127 charges against Hin Leong founder OK Lim

Lim Oon Kuin, also known as OK Lim, was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges on 17 July.

Published

14 hours ago

July 21, 2026

Admin

Founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, has had the remaining 127 charges against him withdrawn, according to The Straits Times on Monday (20 July).

OK Lim was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges, including those for cheating, on 17 July. The discharge means Lim cannot be prosecuted again for the same offences.

Lim, 84, is currently serving a 13½-year prison sentence after the High Court reduced his original 17½-year jail term in March 2026. He was convicted in 2024 on two cheating charges and one count of abetting forgery in a case prosecutors described as one of Singapore’s most serious trade finance frauds.

Lim was convicted in May 2024 of two charges of cheating the Hongkong and Shanghai Banking Corporation (HSBC) and one count of abetting forgery that proceeded to trial out of a total of 130 criminal charges.

He was first charged in court on 14 August 2020, and was subsequently handed further charges in court on 25 September 2020, 30 April 2021 and 24 June 2021 for his role in perpetuating fraud on various financial institutions.

A total of 130 charges were eventually brought against him for cheating and forgery-related offences.

Photo credit: Sora Shimazaki
Published: 21 July, 2026

Winding up

Singapore: Coastal Logistics Pte Ltd to be wound up voluntarily

Coastal Logistics was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

Published

14 hours ago

July 21, 2026

Admin

Several resolutions for Coastal Logistics Pte Ltd were made during an extraordinary general meeting held on 14 July, according to a notice in the Government Gazette on Friday (4 July).

The following resolutions were duly passed during the meeting:

As Special Resolution

That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018);

As Ordinary Resolutions

that Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte Ltd, One Raffles Quay, #27-10 South Tower, Singapore 048583 be appointed as the joint and several Liquidators of the Company for the purpose of such winding up; and
that the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit; and
that a Committee of Inspection will not be formed.

Manifold Times previously reported Nicholas James Gronow, director of Heng Tong Fuels & Shipping and Coastal Logistics, filed statutory declarations for both companies stating the firms cannot continue their businesses due to liabilities.

Both companies were reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

In 2019, several vessels owned by both firms entered the sale & purchase (S&P) market in Singapore.

Photo credit: Drew Beamer
Published: 21 July, 2026

LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

Published

14 hours ago

July 21, 2026

Admin

PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post.

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024.

Photo credit: Pacific International Lines
Published: 21 July, 2026