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ENGINE: Americas Bunker Fuel Availability Outlook

Bunker fuel availability normal in Houston; supply improves in Brazilian ports; availability is very tight in Zona Comun.

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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:

10 August 2023

  • Bunker fuel availability normal in Houston
  • Supply improves in Brazilian ports
  • Availability is very tight in Zona Comun

 

North America

Bunker fuel prices in most Americas ports have climbed this week. Despite the price rise, demand for all grades has improved across major regional bunkering ports.

VLSFO and LSMGO supply has been good in the Houston area, partly due to its large pool of suppliers in the region. Most suppliers are able to deliver stems with 2-4 days of lead time. There is stronger demand for delivery dates in the last week of August, and several suppliers are able to offer them.

HSFO can also be secured with a longer lead time of 5-7 days with most suppliers. However, one supplier can deliver it on very prompt dates.

The cost of feedstocks used for fuel oil blending remains high. That has kept VLSFO and LSMGO prices elevated in Beaumont, a trader says. Some physical bunker suppliers are waiting for the cost to reduce in order to book replenishment cargoes. Availability of all grades remains good for prompt dates.

Prompt delivery of VLSFO and LSMGO is possible in Bolivar Roads with a recommended lead time of 3-5 days. However, deliveries there are still subject to weather conditions and the availability of anchorage space, a source says.

Availability of all fuel grades is normal for prompt dates in the Galveston Offshore Lightering Area (GOLA), a source says. The offshore area is forecast to experience favourable weather conditions through this week, which would allow smooth bunker deliveries there.

Securing prompt VLSFO and LSMGO stems is possible at the New Orleans Outer Anchorage (NOLA). A few suppliers are able to deliver stems with a lead time of 4-5 days in the area.

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

Bunker fuel availability in the West Coast ports of Long Beach and Los Angeles is better than normal. Demand has also improved in the ports, despite a spike in LSMGO price over the past two weeks.

 

Caribbean and Latin America

Demand have been high for all grades in Panamanian ports this week. Prompt availability of all fuel grades is normal in Balboa and Cristobal. Two suppliers are able to deliver HSFO stems in the ports with lead times of 2-4 days.

HSFO is tight for prompt dates off Trinidad. VLSFO and LSMGO can be secured with a lead time of 5-7 days.

For over a month now, demand for HSFO in Peru's Callao has been muted. As a result, one supplier has halted HSFO offers in the port. Currently, there is only one supplier that can offer immediate delivery of HSFO.

Securing LSMGO and VLSFO for prompt dates at the Zona Comun anchorage is extremely difficult. The earliest delivery dates with several suppliers in Zona Comun stretch up to the last week of August.

Strong wind gusts ranging between 26-30 knots are forecast to hit Zona Comun on Friday, which could delay bunker operations until Monday. Winds at the higher end of that range can pose problems to bunker deliveries by barge.

Availability of VLSFO and LSMGO grades in Brazilian ports has improved this week. Some suppliers are able to deliver both grades with 4-5 days of lead time in Santos and Rio Grande.

By Debarati Bhattacharjee

 

Photo credit and source: ENGINE
Published: 11 August, 2023 

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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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