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ENGINE: Americas Bunker Fuel Availability Outlook

LSMGO tight in NOLA; VLSFO and LSMGO readily available in Balboa; VLSFO supply tight in Paranagua.

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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:

3 August 2023

  • LSMGO tight in NOLA
  • VLSFO and LSMGO readily available in Balboa
  • VLSFO supply tight in Paranagua

 

North America

Demand for all fuel grades has remained good in Houston this week. Availability of VLSFO and LSMGO for prompt dates is normal in the port, with lead times of 3-4 days advised. A few suppliers are also able to offer HSFO stems for prompt delivery dates there.

LSMGO and VLSFO prices have shot up in Houston partly due to the high cost of replenishment cargoes, a source says. It is likely that bunker fuel blenders' access to fuel oil supply has been limited as a result of an increase in summer demand from the power sector.

The US fuel oil supply, or implied demand increased by a massive 64% in July, from an average of 169,000 b/d in June to nearly 277,000 b/d in July, according to data from the Energy Information Administration (EIA).

VLSFO and LSMGO availability is normal in Beaumont. One supplier is able to offer both fuel grades with a lead time of three days. Demand has been low in Bolivar Roads this week. Availability is normal for prompt delivery dates.

Availability of VLSFO and LSMGO is normal for prompt dates in the Galveston Offshore Lightering Area (GOLA), a source says. Most suppliers can deliver HSFO stems with a longer lead time of 5-7 days. The offshore area is forecast to experience favourable weather conditions through this week, which would allow smooth bunker deliveries there.

Most suppliers can offer VLSFO for prompt dates at the New Orleans Outer Anchorage (NOLA) with a recommended lead time of 3-5 days. Availability of LSMGO can be tight there, but prompt deliveries are possible on a subject to enquiry basis.

LSMGO prices in the West Coast ports of Long Beach and Los Angeles have spiked this week. However, a few suppliers are able to offer the fuel grade within seven days in the ports. VLSFO can be available with a shorter lead time of 5-6 days due to low demand in the ports.

Demand for VLSFO and LSMGO in the East Coast port of New York has improved for prompt dates this week. Availability is also good, and most suppliers are able to deliver stems with a lead time of 3-4 days. For HSFO, there has been more demand for delivery dates further out.

 

Caribbean and Latin America

Some suppliers in Panama's Balboa port can supply VLSFO and LSMGO for very prompt delivery dates. One supplier is able to deliver stems for both fuel grades immediately. HSFO stems can also be secured with a longer lead time of 6-7 days. In Cristobal, one supplier can deliver VLSFO and LSMGO stems with a lead time of three days.

Prompt availability of VLSFO and LSMGO remains normal off Trinidad.

VLSFO and LSMGO demand has picked up for delivery dates further out in Jamaica’s Kingston. Most suppliers are able to offer these stems.

Bunker operations have been running smoothly at Zona Comun anchorage in Argentina. Calmer weather is forecast over the weekend. However, strong winds of up to 28 knots are again expected to hit the region from Monday onwards, which could delay bunkering or trigger a suspension there. Some suppliers are not quoting for prompt stems as they fear potential delays in barge product loadings and deliveries over the next week, a source says.

Currently, few suppliers can deliver VLSFO and LSMGO stems in Zona Comun with a lead time of 6-7 days.

Prompt availability of VLSFO remains tight in Brazilian ports. One supplier requires at least eight days of lead time to deliver VLSFO stems in Brazil’s Paranagua. Demand for VLSFO and LSMGO stems has been low in other Brazilian ports like Rio Grande, Rio de Janeiro and Santos.

By Debarati Bhattacharjee

 

Photo credit and source: ENGINE
Published: 4 August, 2023 

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Winding up

Singapore: Liquidators arrange creditors meeting for Otto Marine Limited

Meeting will be held from 3pm on 24 July at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095, according to Government Gazette notice.

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steve pb from Pixabay

A meeting for creditors of Otto Marine Limited, which is in liquidation, has been scheduled to take place on 24 July, according to a Government Gazette notice on Thursday (11 July). 

The meeting will be held from 3pm at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095

The agenda of the meeting will be as follows:

  • To update on the liquidation administration;
  • To approve the Liquidators’ fees and disbursements;
  • To approve the declaration of preferential dividend(s) pursuant to Section
  • 328(1)(b) to 328(1)(f) of the Companies Act, Cap. 50;
  • To consider and if thought fit, to appoint a committee of inspection; and
  • Any other business.

The details of the liquidators are as follows: 

Chee Yoh Chuang
Lin Yueh Hung
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: steve pb from Pixabay
Published: 12 July, 2024

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LNG Bunkering

Titan completes first STS LNG bunkering operation in Cuxhaven

Port of Cuxhaven in Germany had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth, says Titan.

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Titan completes first STS LNG bunkering operation in Cuxhaven

LNG bunker fuel supplier Titan on Thursday (11 July) said it completed the first-ever LNG bunkering operation by ship in the port of Cuxhaven.

Titan’s bunker vessel Optimus successfully delivered LNG to dredger Vox Ariane operated by its long-term client Van Oord. 

“Our ship-to-ship bunkering in Cuxhaven represents a pioneering step in the region's LNG infrastructure development, as the port had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth,” it said in a social media post. 

“LNG infrastructure development is part of a broader trend, with more ports across Germany adopting LNG operations to support shipping’s clean fuels transition.”

Titan added the improved LNG bunkering capabilities in Cuxhaven, a Niedersachsen Ports GmbH & Co. KG port, also opened up the pathway to maritime decarbonisation via liquified biomethane (LBM) and then renewable e-methane going forward.

 

Photo credit: Titan
Published: 12 July, 2024

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LNG Bunkering

UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Firm said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier in the Port of Drammen, Norway.

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UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Norwegian roll-on/roll-off shipping line United European Car Carriers (UECC) on Wednesday (10 July) said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier Auto Achieve in the Port of Drammen on 4 July.

The firm said this was the first time UECC received LNG by barge to any of their vessels in their home country Norway. 

“We also believe that it was the first time LNG was delivered by barge to any vessel in Drammen, and most likely the entire Oslofjord,” UECC said in a social media post.

The LNG was supplied by the Molgas Energy Holding vessel Pioneer Knutsen, owned by Knutsen Group OAS.

“UECC is very pleased to see the expansion of the LNG barge network in Norway,” it said. 

 

Photo credit: UECC
Published: 12 July, 2024

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