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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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Environment

Singapore: Allision between dredger and bunker tanker was not caused by port congestion, says Transport Minister

‘Investigations are still on-going, but preliminary findings show that the allision on 14 June was caused by the dredger experiencing sudden loss of engine and steering controls,’ says Chee Hong Tat.

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Singapore: Allision between dredger and bunker tanker was not caused by port congestion, says Transport Minister

The allision between Netherlands-registered dredger VOX MAXIMA and stationary bunker tanker MARINE HONOUR on 14 June was not caused by port congestion, Transport Minister Chee Hong Tat said on Tuesday (18 June). 

Netherlands-flagged dredger Vox Maxima crashed into a stationary Singapore-flagged bunker vessel Marine Honour on 14 June, causing oil from the bunker vessel’s cargo tank to spill into Singapore waters. 

Chee said some members of the public have asked if this incident was due to congestion in our port waters.

“Investigations are still on-going, but preliminary findings show that the allision on 14 June was caused by the dredger experiencing sudden loss of engine and steering controls,” he said a social media post.

“It is not due to port congestion as our port waters and anchorages are not congested. The earlier reports on delays experienced by container vessels are a separate matter that is due to the bunching of container vessels arriving at PSA.”

Chee added it will take time for Maritime and Port Authority of Singapore (MPA) to complete the full investigations and progressively clean up the oil spill. 

“We seek the understanding of members of the public and businesses who are affected by this incident. We will do our best to complete the clean up as soon as possible.”

Manifold Times previously reported MPA stating that it saw large increases in container volumes and the “bunching” of container vessel arrivals over the previous months due to supply chain disruptions in upstream locations.

Later, MPA confirmed that since the beginning of 2024, Singapore saw a significant increase in vessel arrivals.

In the first four months of 2024, MPA said the monthly average tonnage of container vessel arrivals reached 72.4 million gross tonnage (GT). This is an increase of more than one million GT per month, compared to the same period last year. 

On 20 June, in a joint statement, authorities said the northern part of the Pasir Panjang Container Terminal (PPT) is cleared of oil slicks following the deployment of the Current Buster, an oil recovery and containment system, since 18 June. 

Thorough cleaning of the oil-stained Berth 36 near the allision area using high-pressure jets is on-going.

PPT was the location of the oil spillage following the 14 June allision between Netherlands-registered dredger VOX MAXIMA and stationary bunker tanker MARINE HONOUR. 

“The deployment of the Current Buster at this upstream location is important to prevent surface oil from flowing westwards towards West Coast Park which is unaffected till date, and also eastward towards downstream locations, including Sentosa beaches, Sentosa Cove, Southern Islands, and Keppel Marina,” authorities, including MPA, said.  

Three Current Buster systems have been deployed. Two systems capable of five tonnes of recovered oil per load are deployed off western affected areas at PPT and Sentosa. The other system capable of 35 tonnes load is deployed off eastern affected areas off East Coast and Changi East as a precaution to recover any oil and prevent further spread. Another 35 tonnes-load Current Buster system will be deployed shortly.

Total length of booms deployed since 14 June is 3400 meters. This is more than the approximate 3100 meters originally planned.

Note: The full statement by Singapore authorities including progress of the shore clean-up effort can be found here

Related: Singapore: Oil spill cleanup after allision between dredger “Vox Maxima” and bunker tanker “Marine Honour”
Related: Singapore sees large increases in container volumes, bunkering activities remain unaffected
Related: MPA reports ‘significant increase’ in vessel arrivals in Singapore

 

Photo credit: Singapore Transport Ministry / Chee Hong Tat
Published: 20 June, 2024

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Methanol

Mitsubishi Shipbuilding receives orders for Japan’s first methanol-fuelled RoRo cargo ship duo

Two ships will be built at the Enoura Plant of MHI’s Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture, with scheduled completion and delivery by the end of fiscal 2027.

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Mitsubishi Shipbuilding receives orders for Japan's first methanol-fuelled RoRo cargo ship duo

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, on Wednesday (19 June) said it has received orders from Toyofuji Shipping and Fukuju Shipping for Japan's first methanol-fueled roll-on/roll-off (RORO) cargo ships. 

The two ships will be built at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture, with scheduled completion and delivery by the end of fiscal 2027.

The ships will be approximately 169.9 meters in overall length and 30.2 meters in breadth, with 15,750 gross tonnage, and loading capacity for around 2,300 passenger vehicles.

A windscreen at the bow and a vertical stem are used to reduce propulsion resistance, while fuel efficiency is improved by employing MHI's proprietary energy-saving system technology combing high-efficiency propellers and high-performance rudders with reduced resistance. 

The main engine is a high-performance dual-fuel engine that can use both methanol and A heavy fuel oil, reducing CO2 emissions by more than 10% compared to ships with the same hull and powered by fuel oil, contributing to a reduced environmental impact. 

In the future, the use of green methanol(2) may lead to further reduction in CO2 emissions, including throughout the lifecycle of the fuel. Methanol-fueled RORO ships have already entered into service as ocean-going vessels around the world, but this is the first construction of coastal vessels for service in Japan.

In addition, the significant increase in vehicle loading capacity and transport capacity per voyage compared to conventional vessels will provide greater leeway in the ship allocation schedule, securing more holiday and rest time for the crew, thereby contributing to working style reforms.

Mitsubishi Shipbuilding, to address the growing needs from the modal shift in marine transport against the backdrop of CO2 reductions in land transportation, labor shortages, and working style reforms, will continue to work with its business partners to provide solutions for a range of societal issues by building ferries and RORO vessels with excellent fuel efficiency and environmental performance that contribute to stable navigation for customers.

 

Photo credit: Mitsubishi Shipbuilding
Published: 20 June, 2024

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EU ETS

VPS and Normec Verifavia to offer data-driven and verified emissions data

Both firms signed a partnership agreement with Normec Verifavia to support improved vessel data for MRV / EU ETS reporting and beyond.

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VPS and Normec Verifavia to offer data-driven and verified emissions data

Marine fuels testing company VPS on Monday (17 June) said it has signed a partnership agreement with Normec Verifavia to support improved vessel data for MRV / EU ETS reporting and beyond. 

In the face of tightening regulations and focus, VPS said large parts of the maritime industry are in the midst of stepping up their efforts to collect high-quality emissions data from vessel operations. 

“To meet this demand, VPS and Normec Verifavia will offer vessel owners and the wider maritime ecosystem to have indisputable emission numbers produced in a data-driven way,” the firm said.

“For vessel owners, this ensures compliance with upcoming MRV and EU ETS requirements where reported emission numbers need to be verified by a certified verification body.”

The partnership will combine the strengths that VPS have in data-driven decarb and Normec Verifavia´s position as an agile and independent third-party data verifier. The two companies offer a plug-and-play setup, where the vessel owner can experience a seamless and integrated experience in the handling and verification of fleet fuel- and emission numbers. 

 The first step of the partnership is to offer verification for VPS customers using the Maress system for data-driven decarbonisation. Maress is a leading tool in the offshore industry, handling the complexities around fuels- and emissions optimization and assisting crew and onshore personnel in making informed decisions on how to reduce vessel and fleet footprint. Maress is used by a diverse set of stakeholders in the offshore sector, such as vessel owners, contractors, management companies, charterers and more.  

Further, VPS also offers the Emsys technology for precise and real-time measurement of the emissions going through the vessel smokestack. This data can be fed directly to Maress and subsequently verified by Normec Verifavia to provide full control of all aspects of the fuels- and emissions related to vessel operations.

Jan Wilhelmsson, COO, Digital & Decarbonisation of VPS

Jan Wilhelmsson, COO, Digital & Decarbonisation of VPS

Jan Wilhelmsson, COO, Digital & Decarbonisation of VPS, said, "We see a rapid development where the market is no longer willing to take the risk of not knowing -precisely- what the emissions from operations are. We are excited about the fact that the partnership with Normec Verifavia enables all Maress users to get their emission numbers verified. It will literally be a one stop shop for data collection, analytics, collaboration and verified emission reporting."

Yuvraj Thakur, Managing Director & VP Commercial, Normec Verifavia, said: “The maritime industry faces a crucial challenge: achieving transparency and driving progress towards a decarbonised future. Normec Verifavia's collaboration with VPS represents a significant step forward in this direction.”

“By leveraging their expertise in data-driven decarbonization tools like Maress, we can empower asset owners to streamline the entire emissions data lifecycle. This will not only enhance the accuracy of reported data but also significantly reduce the administrative complexities faced by many stakeholders. This collaborative effort strengthens the foundation for a more sustainable maritime industry.”

The ability for Maress customers to verify emission numbers will be immediately commercially available.

Photo credit: VPS
Published: 20 June, 2024

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