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Bunker Fuel Availability

ENGINE: East of Suez Bunker Fuel Availability Outlook (14 Nov 2023)

VLSFO and HSFO availability tight in Singapore; prompt availability tight for all grades in Zhoushan; several East Asian ports could face weather 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:

  • VLSFO and HSFO availability tight in Singapore
  • Prompt availability tight for all grades in Zhoushan
  • Several East Asian ports could face weather disruptions

Singapore

Singapore has seen “quiet” demand so far this week, a trader says. VLSFO has been persistently tight in the Southeast Asian bunker hub as some suppliers are facing tight delivery schedules. A source explains this is because terminal loadings have been jammed as there are several tankers loading and discharging cargoes. Lead times for the grade have gone up from 10-12 days to more than two weeks now.

Similarly, HSFO availability also remains tight at the port, with most suppliers now recommending lead times of more than two weeks – up from 10-12 days last week. LSMGO, on the other hand, remains in ample supply, with short lead times of 3-5 days.

Singapore’s residual fuel oil stocks have averaged 2% lower so far this month compared to October, according to Enterprise Singapore. The Southeast Asian bunker hub’s net fuel oil imports have plunged 68% and are at their lowest level since the beginning of this year. While Singapore’s fuel oil imports have dropped 40% so far this month, its exports have surged 35%.

The port’s middle distillate stocks, on the other hand, have risen 14% on the month.

China, East Asia and Oceania

Weather-induced disruptions and delayed replenishment of cargoes have kept prompt availability of all grades under pressure in Zhoushan. Meanwhile, bunker demand has shown signs of improvement in the Chinese bunkering hub, a trader says. This has contributed to further tighten bunker fuel availability in the port.

Most suppliers in Zhoushan are recommending lead times of 5-7 days for VLSFO and HSFO – almost unchanged from last week. LSMGO lead times have gone up from 3-5 days to 4-7 days now.

Bunker deliveries resumed at Zhoushan’s Tiaozhoumen and Xiazhimen outer anchorages on Tuesday after being suspended by bad weather last week. Four anchorages in the Chinese bunkering hub are operational now, a source says.

Meanwhile, the northern Chinese port of Dalian has good availability of VLSFO and LSMGO. Availability of VLSFO remains good in the nearby port of Tianjin as well, but LSMGO and HSFO remain under pressure, and deliveries are subject to enquiry. HSFO remains subject to enquiry in the other northern Chinese port of Qingdao, and prompt availability of VLSFO and LSMGO is tight there

Prompt supply of both grades remains tight in the southern Chinese ports of Shanghai and Xiamen. HSFO continues to remain under pressure in Shanghai, with deliveries subject to enquiry.

Guangzhou port has good availability of VLSFO, but LSMGO supply remains under pressure, with several suppliers recommending lead times of 5-7 days. Availability of both grades remains subject to enquiry in the southeastern port of Fuzhou.

On the other hand, both grades remain in good supply in the Chinese port of Yangpu.

Availability of all bunker fuel grades remains good in Hong Kong as it has been in recent weeks. Most suppliers are advising lead times of 5-7 days for all grades.

Strong wind gusts of 22-34 knots and swells of more than a metre are forecast in Hong Kong between Thursday and Friday, which could hamper bunkering in the port.

Strong winds and high waves are predicted to hit the southern South Korean ports of Busan, Ulsan, Onsan, Daesan, Taean and Yeosu from Friday, which may impact bunker operations until Sunday.

Availability of VLSFO and LSMGO has improved in South Korean ports amid “extremely quiet” bunker demand, a trader says. Most suppliers are recommending lead times of 2-4 days for both grades – down from 5-8 days last week. Availability HSFO, on the other hand, continues to remain tight in South Korea, with lead times of 5-13 days advised – virtually unchanged from last week.

Adverse weather conditions are also predicted in the Philippine port of Subic Bay between 14-16 November, in the Thai ports of Koh Sichang and Leam Chabang between 16-18 November, and the Vietnamese port of Hai Phong on 16 November, which might disrupt bunker deliveries in these ports.

Meanwhile, port operations have resumed fully at the Australian ports of Brisbane, Fremantle, Melbourne & Sydney on Monday, after being suspended for three days due to a cyber security incident, according to GAC Hot Port News.

South Asia

Availability of VLSFO and LSMGO remains good in Kandla on India’s northwest coast and Cochin on the southern coast, with several suppliers advising short lead times of 2-3 days.

On the other hand, the Indian ports of Mumbai, Visakhapatnam, Haldia and Paradip have tight availability of both grades, with deliveries subject to availability. Bunker deliveries remain subject to enquiry in Tuticorin on the southeast coast as it has been in recent weeks.

Bad weather is forecast in the southern Indian port of Visakhapatnam on Wednesday, which might hamper bunker operations.

Middle East

Availability of all grades has tightened in Fujairah amid strong bunker demand, with lead times going up from 5-7 days last week to 7-10 days now.

The Omani ports of Duqm, Sohar, Salalah and Muscat have good availability of LSMGO, with prompt supply available.

By Tuhin Roy

Photo credit and source: ENGINE
Published: 15 November, 2023

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Bunker Fuel

Baltic Exchange: Bunker Report (22 February, 2024)

Bunker report panellists include Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S, KPI OceanConnect and Transparensea Fuels.

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Baltic Exchange: Bunker Report (22 February, 2024)

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

Commentary:

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, Transparensea Fuels

 

Photo credit and source: Baltic Exchange
Published: 23 February, 2024

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Bunker Fuel

ENGINE: Americas Bunker Fuel Availability Outlook (22 Feb 2024)

Availability improves in Houston; bad weather could impact Zona Comun bunkering; tight availability off Trinidad.

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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:

  • Availability improves in Houston
  • Bad weather could impact Zona Comun bunkering
  • Tight availability off Trinidad

North America

Bunker demand has been strong this week in Houston and several other ports along the US Gulf Coast. Availability of all fuel grades has improved this week for prompt supply in Houston. VLSFO and LSMGO grades are generally in good supply with suppliers in the Houston area. Most suppliers can deliver stems with lead times of 5-7 days. HSFO needs a longer lead time of more than seven days.

Availability of VLSFO and LSMGO has also improved for prompt dates in Bolivar Roads. However, deliveries are still subject to weather conditions and anchorage schedules, a source says. One supplier is able to deliver LSMGO stems in the area with a lead time of five days.

Calmer weather conditions in the Galveston Offshore Lightering Area (GOLA) have allowed suppliers to smoothly carry out bunker operations after previous bad weather-triggered disruptions. Nevertheless, strong wind gusts of up to 34 knots are forecast for Thursday, which could impact bunkering.

Some suppliers in GOLA can supply VLSFO and LSMGO grades with lead times of 4-5 days.

Demand has slowed in the West Coast ports of Long Beach and Los Angeles, after demand rose last week. Lead times of more than seven days are generally recommended for VLSFO and LSMGO deliveries.

Suppliers are able to deliver LSMGO and VLSFO stems within 3-4 days of lead time in the East Coast port of New York.

Caribbean and Latin America

VLSFO and LSMGO prompt availability is normal in Panama’s Balboa and Cristobal. Several suppliers can offer stems within 3-5 days of lead time. Bunker demand has been low at both ports.

Prompt availability of VLSFO and LSMGO is tight off Trinidad. One supplier is unable to offer LSMGO and HSFO stems for delivery dates before 8 March.

Prompt VLSFO and LSMGO supply has remained very tight in Argentina’s Zona Comun. Strong wind gusts are forecast to hit the region over the weekend, which could cause prolonged delays and disruptions, a source says.

By Debarati Bhattacharjee

 

Photo credit and source: ENGINE
Published: 23 February 2024

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Bunker Fuel Availability

ENGINE: Europe & Africa Bunker Fuel Availability Outlook (21 Feb 2024)

Rough weather off Skaw may impact bunkering; non-prompt availability is good in Canary Islands; LSMGO running dry in Durban.

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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:

  • Rough weather off Skaw may impact bunkering
  • Non-prompt availability is good in Canary Islands
  • LSMGO running dry in Durban

Northwest Europe

In the ARA hub, availability is normal across all grades. Lead times of 4-6 days are recommended for HSFO and 5-7 days for VLSFO, a trader says. Meanwhile, LSMGO availability is normal for prompt delivery dates with 2-4 days of lead times.

The ARA’s independently held fuel oil stocks have averaged 3% lower so far this month than across January, according to Insights Global data.

The region has imported 121,000 b/d of fuel oil in February so far, down from 222,000 b/d in January, according to cargo tracker Vortexa data. The ARA hub has imported low-sulphur fuel oil (LSFO) and HSFO in a 63/37 ratio in February so far, unlike in January, when the ratio was tilted more towards HSFO at 48/52.

Sweden continues to be the ARA hub’s biggest fuel oil import source so far this month, accounting for 22% of the ARA’s total imports. The UK (20%) has ranked second, followed by Germany (17%), Poland (16%) and Denmark (11%).

The ARA hub’s independent gasoil inventories — which include diesel and heating oil — have increased by 6% so far this month. The ARA has imported 203,000 b/d so far this month, down from 399,000 b/d of gasoil imported in January.

In the German port of Hamburg, lead times of 3-5 days are still recommended for all three grades.

Off Skaw, HSFO is available only for non-prompt delivery dates and can require lead times of 7-10 days. VLSFO and LSMGO grades are available with comparatively shorter lead times of 5-7 days. Adverse weather is forecast off Skaw for the remaining days of this week and could disrupt bunkering, port agent MH Bland said.

Mediterranean

In Gibraltar, lead times of 6-8 days are recommended for HSFO and 5-6 days for VLSFO. LSMGO can be secured with shorter lead times of 2-4 days. Strong wind gusts of 25-28 knots are forecast to hit the Gibraltar Strait between Thursday and Friday. High winds could impact bunkering in the ports there.

In Ceuta, VLSFO and LSMGO availability are normal. Most suppliers can offer both grades for prompt delivery dates, according to a source.

Availability is normal for non-prompt delivery dates in the Canary Islands ports of Las Palmas and Tenerife. Bunkering in Las Palmas was disrupted on Wednesday because of wind gusts of nearly 25 knots and waves of over 1.5 meters, according to a source.

Rough weather conditions off Malta are likely to impact bunkering at some anchorage locations on Wednesday and over the weekend. Most suppliers can deliver stems for prompt dates, but these deliveries are subject to weather conditions, a trader told ENGINE.

In the Greek port of Piraeus, availability has improved for all grades. The weather is currently calm at the port, but strong wind gusts in the range of 21-31 knots are forecast in the area over the weekend.

Bunker fuel availability is normal in the Turkish port of Istanbul at the moment, with suppliers able to offer grades for prompt delivery dates. Calm weather is forecast for the rest of this week.

Meanwhile, bunkering is progressing normally in the Portuguese ports of Lisbon and Sines. VLSFO and LSMGO availability are normal in these ports.

Africa

LSMGO supply is dry at both Durban and Richards Bay in South Africa. VLSFO supply is available, but lead times of up to two weeks are recommended for the grade, according to a trader.

As a result, several vessels are diverting towards Port Louis for bunkering. However, bunkering in the Mauritius port can be difficult at the moment because of a cyclone warning. Bunker operations in the anchorage area were suspended on Wednesday. Port Louis is unlikely to resume operations before 24 February, which could lead to bunker congestion, MH Bland said.

By Manjula Nair

 

Photo credit and source: ENGINE
Published: 22 February, 2024

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