Connect with us

Business

ENGINE: East of Suez Bunker Fuel Availability Outlook

VLSFO and HSFO availability tight in Singapore; several East Asian ports brace for possible weather-related disruptions; demand good 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:

  • VLSFO availability tight in Singapore
  • Weak bunker demand in Zhoushan
  • LSMGO availability good across Omani ports

 

Singapore

After a spike in bunker demand last week, the demand has been relatively quiet so far this week, a source says. Availability of VLSFO has tightened in Singapore, with lead times increasing slightly from 8-10 days last week to 10-12 days now

On the other hand, lead times for HSFO have come down from 6-11 days last week to 6-9 days now. LSMGO remains readily available, with most suppliers offering unchanged lead times of 2-4 days.

Residual fuel oil stocks in Singapore averaged 9% higher in August than in July, data from Enterprise Singapore shows. Despite the port's net fuel oil imports declining by 14% in August, the port’s fuel oil stocks grew above 21 million bbls in August. Overall, there was less cargo trade, with fuel oil imports slumping by 13%, and exports by 9%.

The Southeast Asian hub’s middle distillate stocks remained roughly steady at above 7 million bbls in August.

 

East Asia and Oceania

A source says bunker demand remains weak in Zhoushan. Some suppliers are offering VLSFO and LSMGO with lead times of 4-6 days – slightly up from 3-5 days last week. Lead times of 3-5 days are advised for HSFO.

Bunker deliveries resumed at Zhoushan’s outer port limits (OPL) area on Tuesday after being suspended by Typhoon Saola-induced bad weather since Thursday. All four anchorages in the Chinese bunkering hub are operational now, a source says.

Availability has improved across all bunker fuel grades in Hong Kong, with recommended lead times halving from almost 14 days last week to around seven days now.

Meanwhile, availability of VLSFO and LSMGO has improved in South Korean ports amid average bunker demand, a source says. Most suppliers are advising lead times of 7-13 days for both grades now, compared to lead times of up to 15 days recommended last week. On the other hand, lead times of HSFO have risen from 10-11 days last week, to 7-13 days now.

Rough weather is forecast in the South Korean ports of Ulsan, Onsan, Busan and Yeosu between 5-10 September, which might disrupt bunker operations at these ports.

Adverse weather conditions are also predicted in the Thai ports of Koh Sichang and Leam Chabang between 10-12 September, and in the Kiwi port of Tauranga on 11 September, which might impact bunker operations.

 

South Asia

Several Indian ports, including Kandla on the northwest coast, and Cochin and Chennai on the southern coast, have good availability of VLSFO and LSMGO, with some suppliers advising short lead times of around 2-3 days.

Meanwhile, both grades still remain subject to availability in the Indian ports of Mumbai and Visakhapatnam, and subject to enquiry in Tuticorin on the southeast coast and Haldia on the east coast.

Bad weather is forecast to hit the Indian ports of Kandla and Sikka between 8-12 September, and in Visakhapatnam on 17 September, which may hamper bunker deliveries

 

Middle East

Prompt availability remains “super tight” in Fujairah, with most suppliers recommending unchanged lead times of 5-7 days across all grades. However, some can offer prompt supply, but these deliveries depend on stem sizes.

All grades remain in ample availability across all grades in the UAE port of Khor Fakkan, with lead times of 5-7 days – virtually unchanged from last week.

LSMGO availability remains good across the Omani ports of Duqm, Sohar, Salalah and Muscat, with prompt supply available.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 6 September, 2023

Continue Reading

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.

Admin

Published

on

By

300

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

Continue Reading

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.

Admin

Published

on

By

299

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

Continue Reading

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.

Admin

Published

on

By

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

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

OUR INDUSTRY PARTNERS

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


  • Cathay Marine Fuel Oil Trading logo
  • Victory Logo
  • E Marine logo
  • pro liquid
  • Kenoil
  • Golden Island logo square
  • Central Star logo
  • metcore
  • endress
  • Energe Logo
  • VPS 2021 advertisement
  • Advert Shipping Manifold resized1
  • 400x330 v2 copy
  • Headway Manifold

Trending