Connect with us

Bunker Fuel Availability

ENGINE: East of Suez Bunker Fuel Availability Outlook

Bunker demand has been muted in Singapore; availability tight across all grades in Zhoushan; several East Asian ports brace for possible weather-related disruptions.

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:

  • Bunker demand has been muted in Singapore
  • Availability tight across all grades in Zhoushan
  • Several East Asian ports brace for possible weather-related disruptions

Singapore

A source says that bunker demand has been “rather muted” so far this week in Singapore. VLSFO availability has come under pressure due to product loading delays at oil terminals.

Lead times for the grade have gone up from 6-10 days last week to 9-13 days now.

Prompt availability of HSFO remains tight in the port, with most suppliers advising lead times of 6-9 days – virtually unchanged from last week. LSMGO, on the other hand, remains readily available, with short lead times of 2-4 days.

Singapore’s residual fuel oil stocks have averaged 2% lower so far in September than across August, according to Enterprise Singapore. The port’s net fuel oil imports have risen 11% so far in September. Both imports and exports are up this month. While fuel oil imports are up by 10%, exports rose by 5%.

Meanwhile, the Southeast Asian bunker hub’s middle distillate stocks have surged 17% on the month.

China and East Asia

Securing prompt stems in Zhoushan can be difficult now, as several suppliers have extended their delivery lead times due to upcoming holidays in China. The Mid-Autumn Festival and National Day holidays will be observed in the country from 29 September to 8 October.

Suppliers in Zhoushan have cautioned about bunkering delays during the holiday period, recommending lead times of up to two weeks, from 3-5 days last week. Some can still supply during the holiday period, but only for stems booked before Tuesday, a source says.

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

Prompt VLSFO and LSMGO supply is available in Shanghai in southern China, but HSFO supply remains under pressure. The other southern China port of Xiamen has good avails of VLSFO and LSMGO. Meanwhile, prompt availability remains tight for VLSFO and LSMGO in Yangpu.

On the other hand, the supply of both grades remains under pressure in the Chinese ports of Fuzhou and Guangzhou, with deliveries subject to enquiry.

All bunker fuel grades remain in good supply in Hong Kong, with lead times of 5-7 days recommended – virtually unchanged from last week.

Strong wind gusts of 20-21 knots and waves of more than a metre are forecast to hit Hong Kong between 1-2 October, which might disrupt 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. The western South Korean ports of Daesan and Taean also face possible bunker disruptions this week, with high waves and strong wind gusts forecasted on Saturday and Sunday.

Demand has grown in South Korean ports ahead of the Mid-Autumn Festival and National Foundation Day holidays between 1-3 October, and the Hangul Proclamation Day on 9 October, a source says.

Availability of VLSFO and LSMGO is tight in South Korean ports, with recommended lead times varying widely between 5-11 days. HSFO requires a shorter lead time of 6-8 days.

Adverse weather conditions are also predicted in the Thai ports of Koh Sichang and Leam Chabang between 28-29 September, in the Vietnamese port of Ho Chi Minh on 27 September, and in the Kiwi port of Tauranga between 27 September to 2 October, which might disrupt bunkering in these ports.

South Asia

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

Both grades remain relatively tight in Mumbai and Visakhapatnam, where deliveries are still subject to availability. Meanwhile, supply is subject to enquiry in Tuticorin port located on the southeast coast and Haldia on the east coast as it has been in recent weeks. A supplier in Paradip on the eastern coast of India is almost out of stock for both grades.

A source says that the Sri Lankan port of Colombo has good avails of all three bunker fuel grades. Bad weather is forecast to hit Colombo between 3-4 October, which may hamper bunker operations.

Middle East

A source says good bunker demand has kept prompt availability under pressure in Fujairah, with most suppliers recommending lead times of 5-7 days – almost unchanged from last week. But some suppliers can still offer prompt dates across all grades depending on stem sizes.

Availability across all bunker fuel grades remains in good supply in the other UAE port of Khor Fakkan, with unchanged lead times of 5-7 days recommended.

Meanwhile, LSMGO remains readily available in the Omani ports of Muscat, Duqm, Salalah and Sohar, with prompt dates available.

By Tuhin Roy

Photo credit and source: ENGINE
Published: 27 September, 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
  • RE 05 Lighthouse GIF
  • v4Helmsman Gif Banner 01
  • SBF2
  • Consort advertisement v2
  • Aderco advert 400x330 1
  • EMF banner 400x330 slogan

OUR INDUSTRY PARTNERS

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


  • PSP Marine logo
  • Synergy Asia Bunkering logo MT
  • Energe Logo
  • E Marine logo
  • 300 300
  • CNC Logo Rev Manifold Times
  • Uni Fuels logo advertisement white background
  • Auramarine 01
  • endress
  • metcore
  • 400x330 v2 copy
  • VPS 2021 advertisement
  • Advert Shipping Manifold resized1
  • Headway Manifold

Trending