Connect with us

Bunker Fuel Availability

ENGINE: East of Suez Bunker Fuel Availability Outlook (17 Oct 2023)

HSFO availability is tight in Singapore; VLSFO and LSMGO availability is good in several Chinese ports; bunker demand is 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:

  • HSFO availability is tight in Singapore
  • VLSFO and LSMGO availability is good in several Chinese ports
  • Bunker demand is good in Fujairah

Singapore

A source says Singapore has been witnessing “average” demand so far this week. Several suppliers are recommending lead times of 8-10 days for VLSFO – almost unchanged from last week.

HSFO availability has tightened in the port, with lead times going up from 7-9 days last week to 10-12 days now. Lead times of LSMGO remain virtually unchanged at 3-7 days.

Singapore’s residual fuel oil stocks have averaged 11% lower so far in October than across September, according to Enterprise Singapore. The port’s net fuel oil imports have dipped by 1% so far this month. Meanwhile, both imports and exports are up this month. The port’s fuel imports have increased by 20%. Fuel oil exports have jumped 77% and to their highest level since January this year.

The Southeast Asian bunker hub’s middle distillate stocks, on the other hand, have averaged 4% higher so far this month than in September.

China, East Asia and Oceania

Some suppliers have almost run out of HSFO stocks in Zhoushan, but low demand for the grade has somewhat prevented the tightness from becoming too severe, a source says. Lead times of 3-5 days are recommended for the grade. VLSFO and LSMGO remain in good availability in the port, with suppliers advising very short lead times of 2-5 days – almost unchanged from last week.

Both grades remain in ample supply in the northern Chinese port of Dalian. The nearby port of Tianjin has good availability of VLSFO, but LSMGO and HSFO remain under pressure, and deliveries are subject to enquiry. Prompt VLSFO and LSMGO availability remains tight in the other northern Chinese port of Qingdao, while HSFO is subject to enquiry.

VLSFO and LSMGO prompt supply remains tight in the southern Chinese ports of Shanghai and Xiamen as well. HSFO supply has been under pressure in Shanghai as it has been in recent weeks.

Both VLSFO and LSMGO remain in tight availability in the southeastern port of Fuzhou, with deliveries subject to enquiry. On the other hand, the availability of both grades remains good in the ports of Guangzhou and Yangpu.

All grades remain in good availability in Hong Kong, as it has been in recent weeks. Lead times of 5-7 days are recommended for all bunker fuel grades in the port.

Strong wind gusts of 24-28 knots and swells of close to a metre are predicted to hit Hong Kong on Wednesday and Thursday, which might hamper bunker deliveries.

The South Korean ports of Ulsan, Onsan, Busan, Daesan, Taean and Yeosu face possible disruptions from strong winds and high waves from Friday to Sunday.

VLSFO availability has become tighter in South Korean ports, a source says. This is primarily due to a decrease in VLSFO imports and some suppliers selling out most of their stocks at the beginning of the month. As a result, most suppliers are running low on stocks, the source adds.

Lead times of VLSFO vary widely between 3-12 days – almost doubling from 4-6 days last week. LSMGO and HSFO lead times also vary widely between 3-12 days in South Korean ports.

Adverse weather conditions are predicted in the Vietnamese port of Hai Phong between 20-21 Oct, and the Kiwi port of Tauranga on Tuesday, which might impact bunkering operations at these ports.

South Asia

VLSFO and LSMGO availability remains good in Kandla on the northwest coast of India and Cochin on the southern coast, with a short lead time of 2-3 days recommended.

However, both grades remain very tight in the Indian ports of Mumbai, Visakhapatnam, Haldia and Paradip, with delivery dates mostly subject to availability, a source says. On the other hand, bunker deliveries remain subject to enquiry Tuticorin on the southeast coast.

Middle East

Prompt availability across all grades remains tight in Fujairah. Most suppliers recommend lead times of around 5-7 days. Some can still offer prompt dates depending on stem sizes, a source says.

Availability of all grades remains good in the other UAE port of Khor Fakkan, with lead times of 5-7 days.

By Tuhin Roy

Photo credit and source: ENGINE
Published: 18 October, 2023

Continue Reading

Bunker Fuel

Panama bunker fuel sales volume drops by 2.3% on year in April 2024

Total bunker sales at Panama was 375,848 mt in April 2024, compared to sales of 384,656 mt during the similar period in 2023, according to PMA data.

Admin

Published

on

By

RESIZED jhernandezb05 from Pixabay

Bunker fuel sales at Panama fell by about 2.3% in April 2024, according to the latest data from La Autoridad Maritima de Panama, also known as the Panama Maritime Authority (PMA).

Total bunker sales at Panama was 375,848 metric tonnes (mt) in April 2024, compared to sales of 384,656 mt during the similar period in 2023. 

In April 2024, the Pacific side of Panama posted bunker sales of 302,207 mt; 170,075 mt of VLSFO, 108,242 mt of RMG 380, 3,770 of marine gas oil (MGO), and 20,120 mt of low sulphur marine gas oil (LSMGO) were delivered.

The similar region saw total marine sales of 312,199 mt a year before on April; with VLSFO sales at 219,001 mt, RMG 380 sales at 63,690 mt, MGO sales at 5,662 mt, and 23,846 mt of LSMGO being sold.

Panama’s Atlantic side, meanwhile, recorded total bunker fuel sales of 73,641 during April 2024; the figure comprised 55,657 mt of VLSFO, 5,851 mt of RMG 380, 2,565 mt of MGO, and 9,568 mt of LSMGO.

It saw total sales of 72,457 mt in April a year before; with VLSFO sales of 54,346 mt, RMG 380 sales of 6,251, 4,720 mt of MGO, and LSMGO sales of 7,140 mt.

 

Photo credit: jhernandezb05 from Pixabay
Published: 20 May 2024

Continue Reading

Bunker Fuel

Baltic Exchange: Bunker Report (16 May 2024)

On 15 April, intraday volatility was heightened, Brent as low as $81.05 and hitting highs of $83.07, over $2/bbl spread, which equates to roughly $12/mt in bunker fuel terms.

Admin

Published

on

By

Baltic Exchange: Bunker Report (16 May 2024)

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

Commentary:

Yesterday, intraday volatility was heightened, Brent as low as $81.05 and hitting highs of $83.07, over $2/bbl spread, which equates to roughly $12/mt in bunker fuel terms. IEA reported a decline in its global demand growth outlook causing oil prices to deepen losses. EIA stats reported a drop in US crude oil inventories (- 2.5mbbls) and modest declines in refined products, aiding the bounce back to positive territory.

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: 17 May, 2024

Continue Reading

Bunker Fuel

ENGINE: Europe & Africa Bunker Fuel Availability Outlook (15 May 2024)

Bunker supply is normal in the ARA hub; bunkering partially suspended in Las Palmas; LSMGO very tight in Maputo.

Admin

Published

on

By

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:

  • Bunker supply is normal in the ARA hub
  • Bunkering partially suspended in Las Palmas
  • LSMGO very tight in Maputo

Northwest Europe

Bunker fuel availability is good in Rotterdam and in the wider ARA hub. Lead times for VLSFO in Rotterdam have come down from 4-5 days noted last week to 3-5 days now, a trader said. Similar lead times of 3-5 days are recommended for HSFO and LSMGO in the ARA hub.

The ARA hub has imported 362,000 b/d of fuel oil so far this month, up from 252,000 b/d of fuel oil imported in April, according to cargo tracker Vortexa.

Lithuania and Algeria have emerged as the ARA’s biggest fuel oil import sources so far this month, each accounting for 18% of the region’s total imports. Denmark holds the second spot, accounting for 17% of the region’s total imports, followed by France (13%) and Estonia (9%).

The region has imported 538,000 b/d of gasoil so far this month, up from 358,000 b/d in April.

Bunker fuel availability is normal in the German port of Hamburg. Suppliers are able to offer prompt supply for all grades in the port. Lead times of 3-5 days are advised to ensure full coverage from suppliers, a trader said.

Very prompt availability is tight across all bunker fuel grades off Skaw, with some suppliers able to offer stems only for non-prompt dates. A trader advises lead times of 7-10 days for all bunker fuel grades in the port. 

Mediterranean

Bunkering was proceeding smoothly in Gibraltar on Wednesday, with minimal congestion reported, a trader told ENGINE. The trader advised lead times of 2-4 days across all grades, down from 4-6 days seen last week.

Bunkering has been suspended in Las Palmas' outer anchorage since Monday because of rough weather conditions. Operations are unlikely to resume at the outer anchorage until Friday afternoon due to a forecast of rough weather conditions, a trader said.

Most suppliers continue to deliver stems at Las Palmas' more sheltered inner anchorage or alongside, the trader added. Availability is normal across all grades, but adverse weather conditions have increased lead times for all grades from 3-5 days advised last week to 4-6 days now.

Bunker demand has been steady in other Mediterranean ports like Piraeus, Malta Offshore and Istanbul, according to a trader.

Availability is normal in the Greek port of Piraeus. Lead times of 3-4 days are advised across all grades in the port. Calm weather has made it conducive to bunkering in the port, a source said.

Bunker fuel availability is also good off Malta. A trader recommends lead times of 3-4 days for all grades in the port. Bad weather is forecast to hit in periods until Saturday and may complicate bunker deliveries in the region, a source said. 

In Turkey’s Istanbul port, securing grades for very prompt dates can be difficult. Lead times of 3-4 days are recommended for all grades. Adverse weather conditions on Wednesday and Thursday could impact bunkering there.

Yacht races are scheduled to take place in the Bosphorus Strait on Sunday on the occasion of Atatürk, Youth and Sports Day, according to GAC Hot Port News. During this period, ship traffic will be temporarily suspended for a few hours.

Africa

Suppliers can offer VLSFO for non-prompt delivery dates in the South African ports of Durban and Richards Bay. A trader advises lead times of 7-10 days for the bunker fuel grade in both ports.

Durban also has normal availability of LSMGO. Lead times of 7-10 days are recommended. Wind gusts of up to 24 knots are forecast on Friday, which could impact bunkering in Durban.

Mozambique’s port of Nacala has good availability of HSFO and LSMGO. Demand has been steady for both grades, a source said. VLSFO availability is extremely tight in the port amid high demand for the grade.

In contrast, VLSFO availability has been good in Maputo port in Mozambique. The grade's demand has been steady there. Meanwhile, LSMGO demand has been relatively high in Maputo, which has contributed to tighten supply in the port.

By Manjula Nair

 

Photo credit and source: ENGINE
Published: 16 May 2024

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

OUR INDUSTRY PARTNERS

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


  • metcore
  • Victory Logo
  • CNC Logo Rev Manifold Times
  • E Marine logo
  • intrasea
  • Trillion Energy
  • Golden Island logo square
  • Innospec logo v6
  • Auramarine 01
  • SMS Logo v2
  • 400x330 v2 copy
  • Headway Manifold
  • Advert Shipping Manifold resized1
  • VPS 2021 advertisement

Trending