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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.

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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:

  • 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

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Bunker Fuel Availability

Baltic Exchange: Bunker Report (11 April, 2024)

Bunker fuel prices fell across Asia, Europe, and Africa yesterday whilst crude oil and product prices traded lower during intraday trading, weighed down by muted demand in Asia and the Middle East.

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The following bunker report has been provided by freight market information provider Baltic Exchange for post on Singapore bunkering publication Manifold Times:

Commentary:

Bunker fuel prices fell across Asia, Europe, and Africa yesterday whilst crude oil and product prices traded lower during intraday trading, weighed down by muted demand in Asia and the Middle East. US inflation data came in higher than expected, reducing the probability of an interest rate cut at the June Fed meeting. EIA's large build (+5.8mbbls) in US crude oil stockpiles and refined products weighed on the energy complex until prices quickly reversed their losses to gains following the news that a Hamas leader's three sons were killed in an airstrike, complicating ceasefire talks in the region. Iranian tension is keeping crude prices afloat today coupled with ongoing flooding constraints at Russia's Orsk refinery, which has declared force majeure (-0.12mbpd). China's inflation slowed (0.1% Y-o-Y) yet avoided falling into deflation. Could low inflation figures be a result of cheap energy imports? Brent is pretty much flat today, while fuel oil and gasoil open strong.

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 on Thursdays

Panellists:
Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S, KPI OceanConnect

 

Photo credit and source: Baltic Exchange
Published: 12 April 2024

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Bunker Fuel Availability

ENGINE: Americas Bunker Fuel Availability Outlook (11 April 2024)

Strong demand in Houston; bad weather disrupts GOLA bunkering; tight availability in Brazilian ports.

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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:

  • Strong demand in Houston
  • Bad weather disrupts GOLA bunkering
  • Tight availability in Brazilian ports

North America

Bunker demand was buoyant in Houston this week following a period of subdued demand over the last couple of weeks. Availability of both VLSFO and LSMGO has tightened slightly in the Houston area, with some suppliers now requiring lead times of more than seven days for delivery.

On Wednesday, a VLSFO stem was fixed in Houston at $754/mt, marking a premium of over $50/mt compared to New York’s VLSFO price.

Prompt HSFO supply is also constrained, and recommended lead times are 8-9 days for this grade.

This tight availability may be influenced by various factors, such as storms in Houston last week, and there is optimism that clearer weather will improve availability from next week, a source says.

Prompt supply of VLSFO and LSMGO is possible in Bolivar Roads and Beaumont. One supplier can offer VLSFO and LSMGO stems within three days of lead time in Bolivar Roads. In Port Arthur, a longer lead time of around 6-8 days is recommended for both fuel grades.

There has been an uptick in bunker enquiries in Nederland this week, and one supplier is unable to offer stems for prompt dates.

Bunker deliveries have been halted in the Galveston Offshore Lightering Area (GOLA) since Tuesday, where weather conditions are rough. GOLA is currently experiencing gale-force wind gusts of 44 knots. Calmer weather is forecast from Thursday evening onwards and could allow bunker operations to resume at the anchorage.

Prompt VLSFO and LSMGO can be secured in GOLA with a few suppliers, but deliveries are subject to weather conditions, a source says.

Strong demand persists at the West Coast ports of Long Beach and Los Angeles, leading to tighter availability of all fuel grades for prompt dates. Two suppliers are unable to deliver VLSFO and LSMGO stems with six days of lead time.

HSFO availability is limited in San Francisco, where one supplier offers stems with a lead time of approximately two weeks.

Bunker demand in New York has been robust amid the ongoing suspension of all vessel traffic in and out of Baltimore. However, there was a demand decrease reported in other East Coast ports such as Newport News and Philadelphia this week.

The US Army Corps of Engineers (USACE) announced plans to open a limited-access channel in Baltimore by the end of April to allow for container barges to move in and out of the port.

Caribbean and Latin America

Demand has been good in Panamanian ports with more daily transits through the Panama Canal. Availability has also remained good for prompt dates in both Balboa and Cristobal.

The Panama Canal Authority (ACP) is considering easing transit restrictions due to optimistic weather forecasts, aiming for full normalisation by next year. Recent developments have given cause for optimism, such as the canal authority adding three extra daily transit slots and Maersk resuming canal transits.

Bunker operations have been suspended by rough weather at Argentina’s Zona Comun anchorage. The weather is forecast to remain rough throughout this week, with wind speeds forecast to touch 44 knots on Sunday. No bunker backlog has been reported as demand is low.

Demand has stayed low in certain Brazilian, yet availability can be tight. The earliest delivery date with one supplier in Santos is 16 April, and 21 April in Rio Grande, a source says.

By Debarati Bhattacharjee

 

Photo credit and source: ENGINE
Published: 12 April 2024

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Bunker Fuel Availability

ENGINE: Europe & Africa Bunker Fuel Availability Outlook (10 April 2024)

HSFO availability improves in the ARA; prompt VLSFO supply tight in Las Palmas; VLSFO supply tight in Mozambique.

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RESIZED ENGINE Europe and Africa

The following article regarding Europe and Africa bunker fuel availability has been provided by online marine fuel procurement platform ENGINE for post on Singapore bunkering publication Manifold Times:

  • HSFO availability improves in the ARA
  • Prompt VLSFO supply tight in Las Palmas
  • VLSFO supply tight in Mozambique

Northwest Europe

HSFO supply has improved in the ARA hub from last week, according to a trader. Lead times have reduced from 5-7 days earlier this week to 4-6 days now. VLSFO and LSMGO lead times remain unchanged from last week. Lead times of 4-5 days are advised for VLSFO and 2-4 days for LSMGO.

The ARA’s independently held fuel oil stocks averaged 5% lower in the first week of April, compared to March, according to Insights Global data. The region’s fuel oil stocks declined coming into this month, but inventories grew to their highest monthly average levels since April 2021.

The ARA hub’s independent gasoil inventories — which include diesel and heating oil — increased by 3% coming into this month. The inventories rose to their highest levels since June last year.

Availability across all bunker fuel grades is good in the German port of Hamburg, with prompt delivery dates available. Lead times of 3-5 days are recommended for all fuel grades.

HSFO supply remains tight off Skaw, with traders recommending lead times of 7-10 days for the high-sulphur grade. LSMGO and VLSFO grades are available for comparatively shorter lead times of 5-7 days.

Mediterranean

Availability across all bunker fuel grades is normal in Gibraltar. Conducive weather conditions have helped suppliers to clear bunker backlogs this week. Recommended lead times have also come down to 4-6 days from up to 7 days last week. Strong wind gusts of up to 30 knots are forecast in Gibraltar this week, which could complicate bunker deliveries there.

Bunker fuel supply is also good in the nearby Ceuta port, according to a source. Bunkering operations are running normally there amid calm weather.

Availability of HSFO and LSMGO grades in the Canary Islands’ port of Las Palmas is normal. Securing prompt delivery of VLSFO can be difficult in Las Palmas, where suppliers are offering the earliest delivery dates from 20 April. Strong swells are forecast to hit the port on Wednesday, which could disrupt bunkering.

Bunker demand has been consistently low over the past two weeks in the Mediterranean ports of Piraeus, Malta and Istanbul. The demand has not picked up this week as well, according to a trader.

Availability of all fuel grades remains normal in the Greek port of Piraeus, with suppliers offering prompt deliveries. The port is forecast to experience calm weather this week, which would allow bunkering to progress smoothly.

All bunker fuel grades are available for prompt deliveries off Malta. No weather-induced bunkering disruptions are likely this week, a source said.

Bunker fuel availability is also good in Turkey’s Istanbul, according to a trader. Suppliers are able to offer prompt delivery dates for all grades. Calm weather is forecast in the port for the rest of the week.

Africa

In Mozambique’s Nacala, VLSFO supply is tight amid strong demand. Availability of HSFO and LSMGO is good in the port, according to a source.

Supply of VLSFO and LSMGO is very tight in Maputo. LSMGO demand is said to be stable in the port, while VLSFO demand is currently very high, the source said.

Offshore bunkering has been suspended in Algoa Bay since September last year. The South African Revenue Service (SARS) suspended offshore bunkering after it detained bunker barges over import duty disputes. One supplier is currently offering in-port deliveries in Port Elizabeth, where bunkering is only available by truck.

By Manjula Nair

 

Photo credit and source: ENGINE
Published: 11 April 2024

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