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ENGINE: Americas Bunker Fuel Availability Outlook

Slow demand in Houston and GOLA; supply very tight in Zona Comun; LSMGO availability is tight in Brazilian ports.

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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:

  • Slow demand in Houston and GOLA
  • Supply very tight in Zona Comun
  • LSMGO availability is tight in Brazilian ports

North America

Houston has experienced a drop in bunker demand this week after robust demand last week. Availability of VLSFO and LSMGO has been good, and some suppliers can deliver both grades within 3-5 days. Prompt HSFO supply is also possible now with a new supplier entering HSFO bunker market in the region. Lead times of 4-5 days are recommended for the grade.

Demand has picked up in Beaumont and Nederland this week, leading to a rise in bunker fuel prices in both locations.

Securing VLSFO and LSMGO stems for prompt delivery dates remains difficult in Bolivar Roads. Bunker deliveries there are subject to weather conditions and availability of anchorage space, a source says.

Bunker operations have been running smoothly in the Galveston Offshore Lightering Area (GOLA) amid calm weather conditions this week. Most suppliers are able to deliver VLSFO and LSMGO stems within 4-5 days of lead time, while some can offer both grades on a subject to enquiry basis. However, demand has been very low for all fuel grades in GOLA this week.

At the New Orleans Outer Anchorage (NOLA), VLSFO and LSMGO can be secured for very prompt (0-3 days) dates.

Demand has been low in the West Coast ports of Long Beach and Los Angeles this week. Availability of all grades is better than normal, with lead times of around 5-7 days. Meanwhile, availability is very tight in Seattle further up the North American west coast, with only one supplier offering VLSFO and LSMGO currently there.

In the East Coast port of New York, all grades are available for prompt delivery dates.

Caribbean and Latin America

VLSFO and LSMGO demand has been normal in Panama's Balboa port this week. Product availability is good with several suppliers able to supply both fuel grades with a lead time of 4-5 days. Demand for HSFO has been relatively muted in Balboa and Cristobal, and prompt supply is readily available in both ports.

VLSFO and LSMGO stems are available for prompt dates in Jamaica's Kingston. A supplier can deliver VLSFO and LSMGO stems with a lead time of 3-4 days.

Bunkering in Argentina's Zona Comun anchorage resumed on Thursday morning after being suspended since Monday. But strong wind gusts of up to 34 knots are forecast to hit the region from Friday onwards, which could cause prolonged delays and disruptions through the rest of the week, a source says.

Due to persistent weather disruptions and a refinery outage in the region, the availability of fuel grades in Zona Comun has become extremely tight. One supplier is running out of VLSFO and LSMGO stocks, while several other suppliers are only able to offer stems for delivery dates after the first week of October.

Availability of LSMGO has been very tight in the Brazilian ports of Rio de Janeiro and Santos. VLSFO can be secured for prompt dates with most suppliers in the ports.

By Debarati Bhattacharjee

Photo credit and source: ENGINE
Published: 22 September, 2023

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Bunker Fuel

ENGINE: Europe & Africa Bunker Fuel Availability Outlook (29 May 2024)

LSMGO supply has tightened in the ARA; sluggish bunker demand in Piraeus; HSFO tightens in Nacala.

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RESIZED ENGINE Europe and Africa

The following article regarding Europe and Africa bunker fuel availability has been provided by online marine fuel procurement platform ENGINE for post on Singapore bunkering publication Manifold Times:

  • LSMGO supply has tightened in the ARA
  • Sluggish bunker demand in Piraeus
  • HSFO tightens in Nacala

Northwest Europe

Availability of HSFO and VLSFO is normal in Rotterdam and in the wider ARA hub, with a trader recommending lead times of 3-5 days for both grades. LSMGO prompt supply has been relatively tighter in the ARA hub.

The ARA’s independently held fuel oil stocks have averaged 6% higher so far this month than across April, according to Insights Global data.

The ARA’s fuel oil stocks have grown to their bulkiest monthly level since April 2021. The region has imported 281,000 b/d of fuel oil so far this month, up from 252,000 b/d of fuel oil imported in April, according to data from cargo tracker Vortexa.

The UK and the US have emerged as the ARA's biggest fuel oil import source so far this month, each accounting for 13% of the region’s total imports. Nigeria has ranked second, accounting for 11% of the total imports. Other import sources have been Algeria and Lithuania (10% each).

The ARA hub’s independent gasoil inventories — which include diesel and heating oil — have increased by 8% so far this month.

In England’s Immingham port, bunker fuel supply is mostly good for non-prompt delivery dates. Lead times of 6-8 days are recommended for LSMGO and VLSFO, according to a source. Strong wind gusts of up to 28 knots are forecast for Thursday and may impact bunkering in the region.

Availability is normal in the German port of Hamburg, according to a trader, with prompt delivery dates available across all grades. The trader recommends lead times of 3-5 days for all grades.

Off Skaw, very prompt supply (0-2 days) is difficult to secure for all grades, a trader said. Lead times of 7-10 days are generally advised for all grades in the port. Bad weather is forecast off Skaw on Friday, which may impact bunkering.

Mediterranean

All grades remain in good supply for prompt dates in Gibraltar, a trader said. Lead times of 2-4 days are recommended for all grades. Congestion has eased in the port coming into this week. Only two vessels were waiting for bunkers on Tuesday, significantly down from 11 last Friday, according to a source. Bunkering delays from suppliers led to severe congestion last week.

Congestion has increased in Las Palmas amid high bunker demand, according to a trader. Very prompt supply (0–2 days) can be difficult to secure, with some suppliers able to offer grades for deliveries this weekend. Red Sea vessel diversions have led to higher bunkering demand in the Canary Island port, the trader said. Availability is mostly normal across all bunker grades, with lead times of 4-6 days advised.

Other Mediterranean ports, such as Piraeus, Malta Offshore and Istanbul, continue to witness low demand. Bunker demand has been particularly slow this week, a trader said.

Bunker fuel availability is good in the Greek port of Piraeus, a trader told ENGINE. Lead times of 3-4 days are advised across all bunker grades. Calm weather is forecast in the port for the rest of the week, making it conducive to bunkering.

Availability is also good off Malta, the trader said, with similar lead times of 3-4 days recommended. Adverse weather is forecast in the area over the weekend, which may complicate bunkering in the area.

Turkey’s Istanbul port has normal availability, with lead times of 3-4 days advised across all grades.

Africa

VLSFO availability is good in the South African ports of Richards Bay and Durban. A trader recommends lead times of 7-10 days in the port. 

Similarly, LSMGO availability is normal in Durban, with a trader recommending lead times of 7-10 days for optimal coverage from suppliers. Strong wind gusts up to 31 knots are forecast in Durban on Friday and may complicate bunker deliveries there.

Mozambique’s Nacala has reported steady demand across all grades this week, according to a source. HSFO tightness seen last week still persists. Previously, prompt VLSFO availability was limited due to high demand, but the grade's supply has now improved. LSMGO availability is relatively good in Nacala.

In Maputo, VLSFO demand continues to remain high in the port. VLSFO availability, which was dry for prompt delivery in Maputo last week, has improved now. LSMGO availability is also good in the port, with steady demand reported.

By Manjula Nair

 

Photo credit and source: ENGINE
Published: 30 May 2024

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Bunker Fuel

Baltic Exchange: Bunker Report (28 May 2024)

Bunker report panellists include Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S and KPI OceanConnect.

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Baltic Exchange: Bunker Report (28 May 2024)

The following bunker report has been provided by freight market information provider Baltic Exchange for post on Singapore bunkering publication Manifold Times:

Note:

All values are in US$/metric ton, all-in (invoice price), delivered on board
Delivery in 7-10 days
ISO 8217:2010
IFO 380 3.5% Sulphur
IFO 380 0.5% Sulphur
DMA 0.1% Sulphur

Rotterdam – Waalhaven – Maasvlakte range
Houston – Houston Harbor
Singapore – Anchorage, under SBA Scheme
Fujairah – Offshore Anchorage Area

Submitted weekly at Close of Business UK time, on Tuesday & Thursdays

Panellists:
Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S, KPI OceanConnect

 

Photo credit and source: Baltic Exchange
Published: 29 May, 2024

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Bunker Fuel

ENGINE: East of Suez Bunker Fuel Availability Outlook (28 May 2024)

HSFO supply is tight in Zhoushan; LSMGO and VLSFO availability is good across several Chinese ports; several South Korean ports could face weather disruptions.

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RESIZED ENGINE East of Suez

The following article regarding regional bunker fuel availability outlook for the East of Suez region has been provided by online marine fuels procurement platform ENGINE for publication on Singapore bunkering publication Manifold Times:

  • HSFO supply is tight in Zhoushan
  • LSMGO and VLSFO availability is good across several Chinese ports
  • Several South Korean ports could face weather disruptions

Singapore and Malaysia

Lead times for VLSFO in Singapore have experienced notable fluctuations recently. Most suppliers recommend lead times of up to nine days for this grade, while some can accommodate stems in as little as two days in port. This has improved from the week prior, when traders recommended longer lead times ranging between 5-10 days.

HSFO supply remains limited in the port, with recommended lead times unchanged at 9-12 days. Lead times for LSMGO vary widely, ranging between 2-8 days.

Singapore’s residual fuel oil stocks have averaged 7% lower so far in May compared to April, according to Enterprise Singapore. Despite a significant 25% increase in the port's net fuel imports this month, Singapore’s fuel oil stocks have fallen below 19 million bbls. Fuel oil imports have increased by 1 million bbls, surpassing the 106,000-bbl growth in exports this month. The port’s middle distillate stocks have also declined, averaging 3% lower for the month.

In Malaysia's Port Klang, VLSFO and LSMGO grades are readily available, with recommended lead times of 3-5 days. Some suppliers can provide even faster deliveries for smaller parcel sizes. However, HSFO availability remains constrained due to limited product availability.

In the Indonesian ports of Jakarta and Surabaya, the availability of VLSFO and LSMGO remains good. Additionally, the port of Balikpapan has an ample supply of VLSFO, with recommended lead times of around four days.

China, East Asia and Oceania

Prompt availability of VLSFO and LSMGO grades remains constrained in Zhoushan, with suppliers recommending lead times of 5-7 days, unchanged from last week. HSFO supply has tightened due to the suspension of operations at the Dading oil terminal after a recent oil spill incident. Most suppliers are advising lead times of over two weeks for HSFO there, according to a source.

In Northern China, the availability of VLSFO and LSMGO grades is said to be good in the Dalian port. Similarly, both grades are readily available in Qingdao and Tianjin, though HSFO supply is limited in these ports. In Shanghai, VLSFO and LSMGO availability remain normal, while HSFO supply has been scarce. In Fuzhou and Xiamen, VLSFO and LSMGO grades are readily available. In Guangzhou and Yangpu, prompt availability of both low-sulphur fuel grades remains limited.

In Taiwanese ports including Hualien, Kaohsiung, Taichung and Keelung, the availability of VLSFO and LSMGO remains good, with lead times remaining at 2-3 days.

In Hong Kong, all grades are readily available, with recommended lead times of 3-5 days, while certain suppliers can provide faster deliveries for smaller parcel sizes.

Strong wind gusts of 21-27 knots and swells of close to two metres are forecast to hit the port between Tuesday and Wednesday, which might impact bunker deliveries in Hong Kong.

In South Korean ports, bunker demand has seen an improvement compared to last week, according to a source. Lead times for VLSFO and LSMGO range between 3-10 days, contrasting with the shorter lead times of around four days observed last week. HSFO availability has become tighter, with most suppliers recommending lead times of 8-10 days – a significant increase from around four days last week.

Bunker operations in several South Korean ports, including Ulsan, Onsan, Busan, Daesan, Taean, and Yeosu, may experience intermittent bunkering disruptions throughout the week due to anticipated adverse weather conditions.

High bunker prices in Japanese ports continue to dent bunker demand in the country. Tokyo's VLSFO was priced about $27-28/mt higher than VLSFO prices in Zhoushan and Singapore on Tuesday. Lead times varied widely across major Japanese ports, with approximately seven days in Tokyo, Chiba, Osaka, Kobe Nagoya, and Yokkaichi, and longer periods ranging from 11-15 days in Mizushima and Oita.

In Western Australia, suppliers in Kwinana and Fremantle ports can offer VLSFO and LSMGO, typically with lead times ranging from 7-8 days. In New South Wales, LSMGO is readily available in Sydney, while HSFO supply is mostly available upon enquiry. In Victoria, Melbourne offers good availability of VLSFO and LSMGO, with ample VLSFO supply also found in Geelong. However, prompt HSFO supply can be limited in both Victorian ports.

In Queensland, Brisbane and Gladstone ports maintain sufficient stocks of VLSFO and LSMGO, with lead times of 7-8 days. HSFO availability remains constrained in Brisbane.

In New Zealand, VLSFO supply in Tauranga and Auckland is ample, and LSMGO supply remains satisfactory in Auckland. Anticipated adverse weather conditions in Tauranga from Tuesday to Friday may impact bunker operations.

Likewise, rough weather is predicted in the Thai ports of Koh Sichang and Leam Chabang on Saturday, potentially posing challenges for bunker deliveries in these ports.

South Asia

In several Indian ports, including Mumbai, Kandla, Tuticorin, Chennai, Cochin, Visakhapatnam, and Haldia, availability of VLSFO and LSMGO has been limited due to supply shortages. One supplier in Paradip is nearly depleted of VLSFO and LSMGO stocks.

Vessel movements and cargo operations at Haldia resumed on Tuesday following the passing of cyclone Remal, which transitioned from a cyclonic storm on Monday to a deep depression by Tuesday, as reported by GAC Hot Port News.

Adverse weather conditions are expected intermittently throughout the week at Sikka, Kandla, and Cochin ports in India, potentially disrupting bunker operations.

The Sri Lankan port of Colombo offers abundant VLSFO and LSMGO supply, with lead times of around two days recommended there. Adverse weather conditions may impact bunker deliveries at the port between Tuesday and Friday.

Middle East

At the UAE port of Fujairah, bunker demand for all grades remains low. However, availability for immediate delivery is still limited, with most suppliers requiring lead times of 5-7 days.

Similarly, at the UAE port of Khor Fakkan, lead times of 5-7 days are common among suppliers.

In Saudi Arabia's Jeddah port, there is enough supply of VLSFO and LSMGO. In Djibouti, some suppliers are facing shortages of VLSFO, although LSMGO remains unaffected.

LSMGO is easily accessible in Omani ports, including Sohar, Salalah, Muscat, and Duqm.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 29 May 2024

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