Business
ENGINE: Americas Bunker Fuel Availability Outlook
Rotterdam’s HSFO price surges to 11-month highs; availability normal in most Mediterranean ports; tight supply in Nacala.

Published
2 months agoon
By
Admin
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 July 2023
- Rotterdam’s HSFO price surges to 11-month highs
- Availability normal in most Mediterranean ports
- Tight supply in Nacala
Northwest Europe
Prompt HSFO supply remains tight in Rotterdam and in the wider ARA hub. Tight supply has contributed to push Rotterdam’s HSFO prices above $500/mt for the first time since last September. Loading delays at the oil terminals have added more pressure on bunker availability of the grade, a source says.
The spike in Rotterdam's HSFO price has contributed to narrow the port’s Hi5 to just $60/mt. Lead times for HSFO stretch to almost one week out. Several suppliers in Rotterdam are still hesitant to offer large stems due to limited product availability, a trader says.
VLSFO availability has improved in Rotterdam. Recommended lead times for the grade have dropped from 5-7 days last week to 4-5 days now. LSMGO is also readily available in Rotterdam and in the wider ARA hub, with unchanged lead times of 2-3 days.
The ARA’s independent gasoil inventories – which include diesel and heating oil – have averaged 11% lower so far this month than across June.
VLSFO and LSMGO availability remains normal for delivery off Skaw, a source says. HSFO is relatively tighter there as fewer suppliers offer the grade. Recommended lead times for all grades remain unchanged at 7-10 days, however. Barge availability is said to be normal.
Bunker fuel availability is normal in the German port of Hamburg, with lead times of five days advised.
Mediterranean
HSFO availability has improved in Gibraltar, with lead times decreasing from last week’s seven days, to five days now. VLSFO and LSMGO availability is normal across Gibraltar, Algeciras and Ceuta. Recommended lead times for VLSFO and LSMGO remain unchanged at 3-5 days.
Product availability is said to be normal across Gibraltar Strait ports, and prompt supply is possible, a source says.
Minimum congestion was reported in Gibraltar, Algeciras and Ceuta on Wednesday, according to port agent MH Bland. One supplier in Gibraltar and three in Algeciras were behind schedule.
VLSFO and LSMGO availability is said to be normal in the Portuguese ports of Lisbon and Sines. “We have plenty of product”, a supplier said. However, going forward supply may tighten due to upcoming refinery maintenances. According to Wood Mackenzie data, the Galp refinery in Sines is expected to undergo periodic maintenances between October and November, which could impact crude distillation capacity and possibly limit bunker resupply to Portuguese ports.
Bunker fuel availability also remains good for prompt supply off Malta, while four days of lead times are recommended for HSFO, VLSFO and LSMGO deliveries in the Greek port of Piraeus.
Africa
VLSFO and LSMGO availability is normal in the South African ports of Durban and Cape Town, and at the Algoa Bay anchorage by Port Elizabeth, where lead times of up to seven days are still recommended, a source says.
Bunkering is progressing normally in Algoa Bay, according to Rennies Ships Agency. But strong wind and high swells are forecast to hit the bay in periods between Saturday and Sunday, which could delay operations or trigger suspension there.
VLSFO and HSFO availability is tight in Mozambique’s Nacala port, a source says. HSFO is even tighter there, with delivery dates stretching to mid-August. Meanwhile, LSMGO remains readily available for prompt dates.
In Maputo, VLSFO and LSMGO availability is normal for prompt dates.
By Nithin Chandran
Photo credit and source: ENGINE
Published: 28 July, 2023
Events
Singapore: PS Energy Group unveils new brand identity and moves to a new office
The group including its inland and marine bunkering units PS Energy Pte Ltd and CNC Petroleum Pte Ltd has underwent rebranding and moved to JTC Summit.

Published
3 hours agoon
October 4, 2023By
Admin
Last mile fuel distribution company PS Energy Group, including its inland and coastal and marine bunkering units, PS Energy Pte Ltd and CNC Petroleum Pte Ltd, has introduced a fresh brand identity learns Manifold Times.
The firm has unveiled its new company logos and branding that reflects its remarkable transformation as a company.
“Over the past few months, we have been working hard to create a new visual identity that truly captures the essence of who we are as a company which we hope will resonate, inspire trust, and build meaningful connections with our customers,” Sean Chua, Managing Director told Singapore-based bunkering publication Manifold Times.
“Our new logo embodies the core values and aspirations that have guided us throughout our journey, while incorporating elements that represent our vision and direction for the future. With its circular shape, the new logo depicts an entity in motion and embodies PS Energy Group’s agility, focus on innovation, and accessibility.”
The firm’s updated branding encompasses a comprehensive visual identity system that is now being integrated across all its assets and communication channels, including its inland and marine fleet, website, and social media platforms.

Besides the new brand identity, the Group has recently moved to a new and improved office space at the JTC Summit in Singapore. The firm said its team spent considerable time and effort in searching for the perfect location that aligned with its vision and values of providing the best service possible to its clients.

“The move represents a significant milestone in our company's journey and marks a new chapter of growth and opportunity. Our new office brings a host of exciting features and amenities that will undoubtedly elevate the overall experience for everyone involved,” according to Sean.
“From spacious workstations and ergonomic furniture to cutting-edge technology and collaborative spaces, we have designed the new office with both functionality and comfort in mind. We believe that this new workspace will foster even greater creativity, productivity, and collaboration among our team members, enabling us to deliver exceptional results and exceed the expectations of our clients.”
PS Energy Group’s new address is as follows:
8 Jurong Town Hall Road
#24-01 The JTC Summit
Singapore 609434
Related: Interview: PS Energy Group gears up for 2023 with sustainable bunker fuel products and digital transformation
Related: CNC Petroleum provides alternative bunker fuel to coastal and marine market with MGO B20
Related: Singapore: PS Energy Group acquires ISCC cert for biodiesel products
Photo credit: PS Energy Group
Published: 4 October, 2023
Business
Malaysia: Straits Energy proposes to list oil bunkering and shipping segment on Nasdaq
In a filing with Bursa Malaysia, the firm announced its intention to spin-off its oil bunkering and shipping related services segment for listing on NASDAQ stock exchange via a public offering.

Published
3 hours agoon
October 4, 2023By
Admin
Malaysia-listed Straits Energy Resources Berhad on Monday (2 October) announced the company’s intention to spin-off its oil bunkering and shipping related services segment for listing on NASDAQ stock exchange in the United States by way of a registered public offering.
In a filing with Bursa Malaysia, the firm said it intends to undertake a reorganisation of some of its subsidiaries involved in the oil bunkering and shipping related services segment, for the purpose of forming a separate listing group or Spin-Off Group suitable for the listing on NASDAQ.
“It is envisaged that these subsidiaries to be comprised in the Spin-off Group will continue to remain as
subsidiaries of Straits upon the completion of the Proposed Listing,” the company said.
Straits Energy added it will make a detailed announcement in relation to the proposed listing in due course, once the board of directors has finalised and approved the terms and structure of the exercise.
It said the listing would enable the Spin-Off Group to gain recognition and corporate stature through the listing status of its own on NASDAQ.
The company added the listing would further enhance its corporate reputation and profile which will be conducive in expanding its customer base whilst allowing the Spin-Off Group to expand and establish its global presence.
The proposed listing would also enable the Spin-Off Group to gain access to the capital market in the United States for capital raising and to provide the Spin-Off Group with financial flexibility for future expansion and growth.
It will also unlock shareholders' value in the oil bunkering and shipping related services and provide transparent valuation benchmark for the same on NASDAQ, it added.
Manifold Times previously reported marine fuel logistics firm CBL International Limited (CBL International), an ultimate holding company of Banle International Group Ltd (BVI), a 38%-associate company of Straits Energy Resources Bhd announced it would be listed on Nasdaq.
Later, Manifold Times did an exclusive interview with Banle Group who shared insights on the successful listing of CBL International Limited, its listing vehicle, on the Nasdaq Capital Market
Related: Malaysia: Straits Energy associate CBL International to be listed on Nasdaq
Related: Exclusive: Banle Group sets sights on expanding bunker supply network with successful IPO on Nasdaq
Photo credit: Straits Energy Resources Berhad
Published: 4 October, 2023
Employment
VPS announces new appointments for key positions
Andrew Morton has been appointed to the role of Managing Director AMEA while Captain Rahul Choudhuri has been appointed to the newly created role of President Strategic Partnerships.

Published
3 hours agoon
October 4, 2023By
Admin
Marine fuels testing company VPS on Tuesday (3 October) announced the appointment of Andrew Morton to the role of Managing Director AMEA (Asia, Middle East and Africa).
In this role, Andrew will apply his experience and knowledge to lead the delivery of VPS services to these important and growing regions. He joins VPS having spent the last 17 years working in the oil and gas industry, most recently with TotalEnergies in various positions and countries.
These included technical, commercial, management, mergers and acquisitions and most recently the New Energies space, including renewable energy, biogas and fuels, hydrogen and LNG. He has a BSc (Hons) in Chemistry and started his career in research and development in the lubricants industry for Fuchs.
Dr. Malcolm Cooper, VPS CEO, stated “We are delighted to welcome Andrew on board as our MD AMEA. His background and experience will be helpful in supporting our customers in these important Regions, particularly in the rapidly developing decarbonisation space.”
Andrew Morton, said: “I am delighted to join VPS and the team and take over the role of Managing Director - Asia, Middle East and Africa. It is a privilege to join the global market leader and to manage a zone where the maritime industry is growing. I look forward to working with the various companies and associations across the industry to help them with their decarbonisation journey.”
VPS also announced that Captain Rahul Choudhuri has been appointed to the newly created role of President Strategic Partnerships. In this role, Rahul will use his network to enhance and further develop relationships with customers and operators from across the shipping ecosystem to help VPS support their decarbonisation journey.
Dr. Malcolm Cooper, VPS CEO, stated “Captain Rahul is well-known across the Maritime sector and he has been the figurehead for VPS Asia and the Middle East for many years. He has been instrumental in many developments within VPS and across the shipping industry, making significant contributions to developments through a wide range of Committees and organisations.”
“His new role will enable him to focus more on our external relationships, which are of growing importance as we aim to support the shipping sector on it’s decarbonisation journey. We in VPS are very proud of Rahul’s achievements to date and we know there will be more to come.”
Rahul, said: “I am looking forward to this new opportunity. This role will allow me to use my experience and close relationships to strengthen, build and develop the industry partnerships needed to deliver new decarbonisation solutions offered by VPS. My work with industry associations allows a greater professional engagement with stakeholders to take the industry forward in challenging times”.
Photo credit: VPS
Published: 4 October, 2023

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