Connect with us

Bunker Fuel Availability

ENGINE: East of Suez Bunker Fuel Availability Outlook (10 Oct 2023)

Muted bunker demand in Singapore; availability good in Zhoushan; prompt availability tight in Fujairah.

Admin

Published

on

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:

  • Muted bunker demand in Singapore
  • Availability good in Zhoushan
  • Prompt availability tight in Fujairah

Singapore

Singapore has witnessed “very muted” bunker demand so far this week, a source says. Lead times of VLSFO have come down from 8-11 days last week, to 7-10 days now.

Prompt availability of HSFO remains under pressure, with almost unchanged lead times of 7-9 days. Several suppliers are advising lead times of 4-7 days for LSMGO – up from 3-5 days last week.

Residual fuel oil stocks in Singapore averaged 4% lower in September than in August, data from Enterprise Singapore shows. Singapore’s net fuel imports dipped 3% lower in September. There was overall less cargo trade, with both fuel oil imports and exports declining by 3%.

On the other hand, the Southeast Asian bunker hub’s middle distillate stocks surged and averaged 21% higher in September than in August.

China, East Asia and Oceania

After a period of muted bunkering activity because of the recent Mid-Autumn Festival and National Day holiday in the country, demand is yet to pick up in Zhoushan.

All grades remain in ample availability in the Chinese bunkering hub, with several suppliers advising short lead times of 3-5 days.

Meanwhile, the northern Chinese port of Dalian has good availability of VLSFO and LSMGO. Availability of VLSFO remains good in the nearby port of Tianjin as well, but LSMGO and HSFO remain under pressure, and deliveries are subject to enquiry. HSFO remains subject to enquiry in the other northern Chinese port of Qingdao, and VLSFO and LSMGO supply is good there.

The southern Chinese ports of Shanghai and Xiamen have good availability of VLSFO and LSMGO, while HSFO remains under pressure in Shanghai. Prompt availability of VLSFO and LSMGO remains tight in the port of Yangpu.

VLSFO and LSMGO supply are subject to enquiry in the Chinese ports of Fuzhou and Guangzhou.

All grades remain in good availability in Hong Kong, with several suppliers recommending lead times of 5-7 days – virtually unchanged from last week.

Bad weather is forecast in Hong Kong on 17 October, which might hamper bunker deliveries.

High waves are forecast to hit the southern South Korean ports of Busan, Ulsan, Onsan and Yeosu from Friday, which may impact bunker operations until Sunday.

A source says availability of all grades has improved in South Korean ports amid low demand. Most suppliers that were recommending lead times of 3-9 days for all grades last week, are now offering the grades at lead times of 4-6 days.

Adverse weather conditions are also forecast in the Kiwi port of Tauranga between 10-14 October, which might impact bunkering.

South Asia

VLSFO and LSMGO can be delivered with around 2-3 days of lead time in Kandla on the northwest coast of India and in the country's southern port of Cochin.

However, both grades remain tight in the Indian ports of Mumbai, Visakhapatnam and Haldia, where deliveries are subject to availability. On the other hand, bunker deliveries remain subject to enquiry in Tuticorin on the southeast coast.

A supplier says that the port of Paradip on the eastern coast of India is almost out of stock for both grades.

Middle East

Bunker demand in Fujairah has been robust, leading to tight availability and most suppliers are recommending lead times of 5-7 days.

Some suppliers can still supply prompt dates, but these deliveries depend on stem sizes, a source says.

Availability of all grades remains good in the other UAE port of Khor Fakkan, with most suppliers recommending unchanged lead times of 5-7 days.

LSMGO is readily available across the Omani ports of Muscat, Salalah, Sohar and Duqm.

By Tuhin Roy

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

Continue Reading

Bunker Fuel

Americas Bunker Fuel Availability Outlook (11 July 2024)

Weather-related bunkering disruptions in Houston; bad weather could disrupt St. Eustatius bunkering; one bunker barge in Zona Comun is offline.

Admin

Published

on

By

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:

  • Weather-related bunkering disruptions in Houston
  • Bad weather could disrupt St. Eustatius bunkering
  • One bunker barge in Zona Comun is offline

North America

Houston's port operations partially reopened on Wednesday after being shut down since Sunday due to Hurricane Beryl. The US Coast Guard (USCG) has allowed one-way barge traffic in parts of the Houston Ship Channel.

The Category 1 hurricane made landfall along the Texan coast on Monday morning, prompting the US Coast Guard to enforce "port condition Zulu" in several ports along the Gulf Coast. Zulu is applied when gale-force winds are expected within 12 hours.

The ports of Texas City and Galveston reopened to daylight traffic on Wednesday for vessels with a maximum draft of 30 feet. Ships with drafts of more than 30 feet are currently restricted in both locations.

There are some restrictions in place at the Port of Houston, and ships with drafts of up to 35 feet can only access the port, and only during daylight hours. The Port of Freeport is also allowing ships with drafts of up to 36 feet, but only during daylight hours.

Despite operations gradually resuming, recovery efforts continue to impact terminal operations along the ports on the Gulf Coast. Several oil terminals, crucial for bunker suppliers, remain offline due to power outages, hindering bunker barge reloadings at terminals.

One bunker supplier said that while their bunker barges are currently fully loaded, they expect resupply delays next week due to ongoing issues at oil terminals. Additionally, some loaded bunker vessels are unable to depart from terminals, preventing other vessels from loading products at the terminals.

Currently, the availability of fuel grades in Houston and several other US Gulf Coast ports is good. Demand has been very low for prompt delivery dates in Houston and other locations along the Gulf Coast.

The Port of Corpus Christi had to close from Sunday to Tuesday due to the hurricane, but port operations resumed again on Wednesday.

Demand in the West Coast ports of Long Beach and Los Angeles has remained low this week. Availability of all grades is normal, with lead times of around 5-7 days.

Similarly, much less demand has been observed in the East Coast port of New York, where most suppliers are willing to offer stems for very prompt dates.

Bunker fuel demand in Baltimore has been strong this week. Most suppliers are able to offer stems within 5–6 days of lead time.

Caribbean and Latin America

Bunker fuel demand has been good in Panama's Balboa and Cristobal. VLSFO and LSMGO availability is also good in both locations, and several suppliers are able to supply all fuel grades with a lead time of 5-7 days. However, securing HSFO can take a little longer, with a lead time of more than seven days recommended.

Bunker deliveries are expected to be suspended in St. Eustatius later today due to strong wind gusts of up to 30 knots, which could intermittently disrupt bunker deliveries until Sunday.

VLSFO and LSMGO grades are readily available at Argentina’s Zona Comun anchorage. However, limited barge availability has continued to cause bunkering delays in Zona Comun. Bunker demand has been low in the past week compared to the previous weeks, a source says.

On top of this, in Zona Comun, the bunker barge Gustavo U has been undergoing inspection since 5 July, and will be in dry dock for most of next week as well, a source said.

Bunker fuel demand was mostly low in most of the Brazilian ports this week. VLSFO availability is good in most of the ports, according to most suppliers.

By Debarati Bhattacharjee

 

Photo credit and source: ENGINE
Published: 12 July, 2024

Continue Reading

Bunker Fuel

Baltic Exchange: Bunker Report (11 July 2024)

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

Admin

Published

on

By

Baltic Exchange: Bunker Report (11 July 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: 28 June, 2024

Continue Reading

Bunker Fuel

JLC China Bunker Fuel Market Monthly Report (June 2024)

China’s bonded bunker fuel sales rebounded as enterprises offered discounts to achieve sales targets for first half of 2024, easing supervision of bunker barges in some regions and increasing barge capacity at some ports.

Admin

Published

on

By

JLC China Bunker Fuel Market Monthly Report (June 2024)

Beijing-based commodity market information provider JLC Network Technology Co. recently shared its JLC China Bunker monthly report for June 2024 with Manifold Times through an exclusive arrangement:

China’s bonded bunker fuel sales rebound in June

China’s bonded bunker fuel sales rebounded in June, as enterprises offered some discounts to achieve sales targets for the first half of this year, also because of easing supervision of bunker barges in some regions and increasing barge capacity at some ports.

The country sold about 1.78 million mt of bonded bunker fuel in the month, with the daily sales jumping by 11.55% month on month to 59,260 mt, JLC’s data shows.

Bonded bunker fuel sales by Chimbusco, Sinopec (Zhoushan), SinoBunker and China Changjiang Bunker (Sinopec) rose to 510,000 mt, 640,000 mt, 65,000 mt and 40,000 mt, while those by suppliers with regional bunkering licenses climbed to 522,800 mt, the data indicates.

China’s daily bonded bunker fuel exports drop in May

China’s daily bonded bunker fuel exports dropped in May, because of still tepid bunkering demand, despite larger LSFO production.

The country exported about 1.74 million mt of bonded bunker fuel in the month, with the daily exports at 56,268 mt, slipping by 2.61% month on month, JLC estimated, with reference to data from the General Administration of Customs of PRC (GACC).

In breakdown, heavy bunker fuel exports amounted to 1.66 million mt in May, accounting for 95.18% of the country’s total exports. Meanwhile, light bunker fuel exports fell to 84,000 mt, accounting for 4.82%.

Dragging down the daily exports, bunkering demand was relatively weak and the barge capacity at Chinese ports remained tight amid lingering supervision of bunker barges.

On the other hand, Chinese refiners ramped up their LSFO production amid new export quotas, unit restarts and better margins, limiting the decline in the exports. These refiners produced about 1.31 million mt of LSFO in May, with the daily output at 42,268 mt, up 3.01% from April, JLC’s data indicates.

On a year-on-year comparison, China’s bonded bunker fuel exports descended by 10.06% in May.

In January-May, China tallied a total of 7.91 million mt of bonded bunker fuel exports, a drop of 5.46% from a year earlier, speeding up from a 4.07% decline in January-April. Specifically, heavy bunker fuel exports settled at 7.46 million mt in the five months, accounting for 94.25%, while light bunker fuel exports totaled 455,400 mt, occupying 5.75%.

Screenshot 2024 07 11 at 12.39.11 PM

Screenshot 2024 07 11 at 12.39.20 PM

Domestic-trade heavy bunker fuel demand goes lower in June

Domestic-trade heavy bunker fuel demand slipped to 380,000 mt in June, contracting by 10,000 mt or 2.56% month on month, JLC’s data shows. Though restocking demand recovered after the rainy season in South China, shipowners were cautious about purchases amid a surplus of ships and a decline in freight rates.

At the same time, domestic-trade light bunker fuel demand was estimated at 140,000 mt, without change from the previous month, the data indicates. Trade in light bunker fuel remained relatively brisk, as demand from power generation was seasonally strong.

Bunker Fuel Supply

China’s bonded bunker fuel imports fall again in May

China’s bonded bunker fuel imports fell again in May, as domestic HSFO inventory was still high and LSFO supply increased.

The country imported about 309,800 mt of bonded bunker fuel in the month, down by 9.15% from the previous month and 12.24% from a year earlier, JLC estimated, with reference to data from the GACC.

Bonded distributors in East China were still under high inventory pressure as downstream HSFO consumption continued to decelerate, and they further reduced their bonded HSFO imports. The barge capacity at local ports stayed relatively tight, depressed by lingering supervision of bunker barges.

China’s bonded LSFO imports also decreased, as domestic refiners boosted their LSFO production after the country released new quotas on LSFO exports in early May. China’s LSFO output amounted to 1.31 million mt in May, with the daily output at 42,268 mt, up by 3.01% month on month, JLC’s data shows.

China’s bonded MGO imports did not change much in May.

Malaysia overtook Singapore as the largest bonded bunker fuel supplier to China in May. Malaysia shipped 100,400 mt of bonded bunker fuel to China in the month, accounting for 32.41% of the latter’s total. Singapore and Russia slipped to the second and third place with 100,000 mt and 67,200 mt, accounting for 32.29% and 21.69% respectively. South Korea came fourth with 42,200 mt, making up 13.61%.

In the first five months, China imported a total of 1.62 million mt of bonded bunker fuel, growing by 15.46% from the same months in 2023, slowing down from a leap of 24.80% in January-April.

Screenshot 2024 07 11 at 12.39.36 PM

Domestic-trade heavy bunker fuel supply declines further

Domestic-trade bunker fuel supply declined further in June, as the availability of low-sulfur residual oil decreased and downstream shipping demand was still sluggish. Chinese blenders supplied about 400,000 mt of heavy bunker fuel in the month, a cut of 10,000 mt or 2.44% from a month earlier, JLC’s data shows.

On the flip side, domestic-trade MGO supply came in at 160,000 mt in the month, an increase of 10,000 mt or 6.67% month on month, the data shows. Refineries’ enthusiasm for MGO production was slightly boosted by stronger diesel prices.

Screenshot 2024 07 11 at 12.39.50 PM

Bunker Prices, Profits

Screenshot 2024 07 11 at 12.39.59 PM

Screenshot 2024 07 11 at 12.40.20 PM

Screenshot 2024 07 11 at 12.40.31 PM

Editor
Yvette Luo
+86-020-38834382
[email protected]   

Sales (Beijing)
Tony Tang
+86-10-84428863
[email protected]   

Sales (Singapore)
Ginny Teo
+65-31571254
[email protected]
[email protected]    

JLC Network Technology Co., Ltd is recognized as the leading information provider in China. We specialized in providing the transparent, high-value, authoritative market intelligence and professional analysis in commodity market. Our expertise covers oil, gas, coal, chemical, plastic, rubber, fertilizer and metal industry, etc.

JLC China Bunker Fuel Market Monthly Report is published by JLC Network Technology Co., Ltd every month on China bunker market, demand, supply, margin, freight index, forecast and so on. The report provides full-scale & concise insight into China bunker oil market.

All rights reserved. No portion of this publication may be photocopied, reproduced, retransmitted, put into a computer system or otherwise redistributed without prior authorization from JLC.

Related: JLC China Bunker Fuel Market Monthly Report (May 2024)
Related: JLC China Bunker Market Monthly Report (April 2024)
Related: JLC China Bunker Market Monthly Report (March 2024)
Related: JLC China Bunker Fuel Market Monthly Report (February 2024)
Related: JLC China Bunker Market Monthly Report (January 2024)

Note: China-based commodity market information provider JLC Technology has been providing Singapore bunkering publication Manifold Times China bunker volume data since 2020. Data from earlier periods are available here.

 

Photo credit: JLC Network Technology
Published: 11 July 2024

Continue Reading
Advertisement
  • Consort advertisement v2
  • RE 05 Lighthouse GIF
  • EMF banner 400x330 slogan
  • SBF2
  • v4Helmsman Gif Banner 01
  • Aderco advert 400x330 1

OUR INDUSTRY PARTNERS

  • HL 2022 adv v1
  • SEAOIL 3+5 GIF
  • 102Meth Logo GIF copy
  • Triton Bunkering advertisement v2
  • Singfar advertisement final


  • Trillion Energy
  • Auramarine 01
  • E Marine logo
  • Synergy Asia Bunkering logo MT
  • CNC Logo Rev Manifold Times
  • Kenoil
  • PSP Marine logo
  • Uni Fuels logo advertisement white background
  • metcore
  • Innospec logo v6
  • Headway Manifold
  • Advert Shipping Manifold resized1
  • 400x330 v2 copy
  • VPS 2021 advertisement

Trending