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ENGINE: East of Suez Bunker Fuel Availability Outlook

HSFO availability tight in Singapore; several South Asian ports face possible weather disruptions; strong demand in Fujairah.

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ENGINE East of Suez Bunker Fuel Availability Outlook

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:

11 July 2023

  • HSFO availability tight in Singapore
  • Several South Asian ports face possible weather disruptions
  • Strong demand in Fujairah

 

Singapore

A source says Singapore has been witnessing “average” demand so far this week. Availability of HSFO remains tight in port, with recommended lead times of 9-13 days – virtually unchanged from last week.

Prompt VLSFO availability also remains tight in the East Asian bunker hub, with some suppliers advising lead times of 6-9 days – almost unchanged from last week.  On the other hand, LSMGO remains readily available for prompt delivery dates.

Residual fuel oil stocks in Singapore averaged 5% higher in June than in May, data from Enterprise Singapore shows. Singapore’s net fuel imports surged massively by 42%, to their highest level in more than a year. While fuel oil imports rose 17% in June, fuel oil exports fell by 24%, reaching their lowest level since last October. This has comfortably tilted the port’s trade balance into net imports in June.

The port’s middle distillate stocks were also up, rising by 5% on the month.

 

East Asia and Oceania

Weak demand and weather-related disruptions have kept tightness in check in Zhoushan, a source says. Availability remains good across all grades, with short lead times of 2-5 days, however, deliveries are subject to weather conditions.

Bunker operations have been suspended by rough weather at three of Zhoushan’s anchorages since Monday. But some suppliers can still deliver bunker stems via barges but depending on the weather conditions. The queue time for bunkering at Mazhi was around two days on Tuesday, the source adds.

Strong wind gusts of 20-32 knots and waves of almost a metre are forecast to persist in the Chinese bunkering hub until 17 July, which might keep bunkering suspended for a while.

Demand has been low in Hong Kong so far this week. Availability across all grades remains good, with unchanged lead times of around seven days.

Meanwhile, securing VLSFO stems can be difficult in South Korean ports. The grade remains subject to enquiry as it has been for the past week. Most suppliers, that were offering LSMGO and HSFO at lead times of 4-11 days in the past week, are now offering both grades at 6-10 days.

The South Korean ports of Ulsan, Onsan, Busan, Daesan, Taean and Yeosu are forecast to experience adverse weather conditions intermittently between 12-16 July, which could disrupt bunker deliveries.

Adverse weather conditions are also forecast on 16 July in the Philippine port of Subic Bay, between 15-18 July in the Thai ports of Koh Sichang and Leam Chabang, between 16-17 July in the Vietnamese of Ho Chi Minh, and between 11-16 July in the Kiwi port of Tauranga, which might hamper bunker operations.

 

South Asia

VLSFO and LSMGO grades can be delivered with around 2-3 days of lead time in Kandla on the northwest coast of India, and southern ports of Cochin and Chennai.

A source says that availability of both grades remains tight in the Indian ports of Mumbai, Visakhapatnam and Paradip and delivery dates are subject to availability. On the other hand, the supply of both grades remains subject to enquiry in Tuticorin port on the southeast coast and Haldia on the east coast.

Rough weather is forecast in the Indian west coast port of Sikka between 18-19 July, which could impact bunkering.

Swells of more than a metre are predicted to hit the Sri Lankan port of Colombo between 18-19 July, which might disrupt bunker deliveries.

 

Middle East

All grades remain tight in Fujairah amid good demand. Lead times of 5-7 days are recommended – virtually unchanged from last week. However, some can supply all grades for prompt dates, but these deliveries are subject to stem size.

Some suppliers can offer all grades at lead times of 5-7 days in the UAE port of Khor Fakkan.

The Omani ports of Duqm, Sohar, Salalah and Muscat have good availability of LSMGO, with prompt dates available.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 12 July, 2023

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Newbuilding

Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.

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Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker

 

Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

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LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.

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Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.

 

Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

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Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

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Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.

 

Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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