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ENGINE: Americas Bunker Fuel Availability Outlook

Prompt supply tight in Houston; suppliers pricing VLSFO competitively in Zona Comun; bad weather impacts GOLA bunkering.

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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:

27 April 2023

  • Prompt supply tight in Houston
  • Suppliers pricing VLSFO competitively in Zona Comun
  • Bad weather impacts GOLA bunkering

 

North America

Securing VLSFO and LSMGO stems for very prompt delivery dates (0-2 days) in the Houston area and off the US Gulf Coast is difficult. Some suppliers in Houston have held back offers for very prompt dates due to tight delivery schedules, while some are expecting VLSFO replenishments. A lead time of five days is generally recommended to ensure coverage from all suppliers.

In Bolivar Roads, one supplier can supply VLSFO and LSMGO stems with lead times of six days.

Bad weather has triggered intermittent bunker suspensions in the Galveston Offshore Lightering Area (GOLA) in recent days. Ongoing bad weather has forced some suppliers to hold back deliveries.

As a result, it can be hard to fix VLSFO and LSMGO deliveries for prompt dates in GOLA. One supplier is hesitant to supply prompt stems as it works to clear previous weather backlogs, a source says. The supplier is unable to guarantee prompt dates for deliveries.

VLSFO and LSMGO availability is said to be normal at the New Orleans Outer Anchorage (NOLA).

Bunker fuel availability is normal in the East Coast port of New York.

 

Caribbean and Latin America

Bunker fuel availability is said to be normal in Panama’s Balboa and Cristobal. One supplier can supply VLSFO and LSMGO stems for very prompt dates (0-2 days) in Balboa, while HSFO supply requires lead times of at least 3-4 days.

VLSFO and LSMGO availability is normal off Trinidad. One supplier can supply stems on prompt dates.

One supplier in Paramaribo is running low on VLSFO stocks, a source says. Another supplier requires at least 4-5 days of lead times.  

Prompt availability of VLSFO and LSMGO is normal in Colombia’s Santa Marta. In Buenaventura, one supplier can supply LSMGO stems through trucks but requires at least seven days of lead time.

Availability of VLSFO and LSMGO is normal at Argentina’s Zona Comun anchorage. The earliest delivery date with a supplier is about five days, while another supplier requires lead times of six days. Suppliers in Zona Comun have been pricing VLSFO at rare discounts or at parity with Houston’s VLSFO since February.

Argentina is a major grain exporter, but a recent drought in the country has curbed crop production, which has had a knock-on impact on exports and bunker demand. Some Argentinian suppliers are struggling with ample bunker stocks. This has added to the downward pressure on prices as they have been keen to sell their products.

VLSFO availability is good in Brazil’s Santos port. One supplier is able to supply stems for prompt dates.

By Nithin Chandran

 

Photo credit and source: ENGINE
Published: 28 April, 2023

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Newbuilding

Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.

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Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker

 

Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

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LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.

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Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.

 

Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

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Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

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Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.

 

Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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