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ENGINE: East of Suez Bunker Fuel Availability Outlook

VLSFO availability improves in Singapore; demand weak in Zhoushan; prompt availability tight in Fujairah.

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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:

15 August 2023

  • VLSFO availability improves in Singapore
  • Demand weak in Zhoushan
  • Prompt availability tight in Fujairah

 

Singapore

Suppliers in Singapore have been seeing average demand so far this week, a source says. VLSFO availability has improved in the port, with lead times for the grade coming down from 8-9 days last week to 3-5 days now.

Meanwhile, some suppliers that were offering HSFO with lead times of 8-9 days last week, are now recommending slightly longer lead times of 9-11 days. LSMGO remains readily available, with unchanged lead times of 2-4 days.

Singapore’s residual fuel oil stocks have averaged 12% higher so far this month than in July, according to Enterprise Singapore. The port’s net fuel oil imports have declined by 7% so far in August. Both fuel oil imports and exports have declined this month. Fuel oil imports have dropped by 12%, while fuel oil exports have plunged by 27%.

Meanwhile, the port's distillate stocks have shed 8% so far this month.

 

East Asia and Oceania

A source says weak demand has prevented tightness in Zhoushan, with most suppliers recommending short lead times of 3-5 days – almost unchanged from last week.

Availability across all bunker fuel grades remains good in Hong Kong amid decent demand. Several suppliers are advising unchanged lead times of around seven days across all grades.

Meanwhile, all port operations resumed late last week in the South Korean ports of Pyeongtaek, Dangjin, Ulsan, Onsan and Yeosu, after being suspended by typhoon Khanun. This has helped to improve availability across all fuel grades in South Korean ports. Weak demand has also been keeping tightness in check, a source adds.

Some suppliers are now recommending lead times of 5-7 days for VLSFO and LSMGO in South Korean ports. Last week, most suppliers were offering lead times in a wide range of 6-17 days for both grades. HSFO requires a similar 5-7 days of lead time now – improved from eight days last week.

A source says that eastern South Korean ports are likely be hit indirectly and get bunker operations disrupted by typhoon Lan as it moves towards Japan.

Rough weather conditions are forecast in the South Korean ports of Ulsan, Onsan and Busan until 20 August, and in Yeosu between 18-20 August, and could disrupt bunkering further.

Adverse weather conditions are also forecast in the Vietnamese port of Ho Chi Minh between 16-22 August, and in the Kiwi port of Tauranga on 17 and 20 August, which might affect bunker deliveries at these ports.

 

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 in the country's southern ports of Cochin and Chennai.

Availability of both grades remains tight in Mumbai and Visakhapatnam, where delivery dates are subject to availability. On the other hand, both grades remain subject to enquiry in Tuticorin port on the southeast coast and Haldia on the east coast, a source says.

Bad weather is forecast in the Indian west coast ports of Kandla and Sikka between from 15-24 August, which could affect bunkering.

 

Middle East

Prompt availability remains tight in Fujairah amid good demand, and lead times are unchanged from last week at 5-7 days. But some suppliers can offer prompt stems across all grades subject to stem sizes, the source adds.

The nearby UAE port of Khor Fakkan has good availability of all grades, with lead times of 5-7 days advised – virtually unchanged from last week.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 16 August, 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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