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ENGINE: East of Suez Bunker Fuel Availability Outlook

Fujairah bunkering resumes after tropical storm disruptions, and HSFO380 supply has tightened in Singapore this week.

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7 October, 2021

Fujairah bunkering resumes after tropical storm disruptions, and HSFO380 supply has tightened in Singapore this week.

Lead times for VLSFO remain unchanged in Singapore on the week, while HSFO380 now requires up to 10 days of lead time, up from eight days last week.

LSMGO is more readily available in the bunkering hub at four days.

Singapore’s residual fuel oil stocks dropped by close to 3 million bbls last week, to their lowest levels since September 2019, according to Enterprise Singapore data. Inventories fell to a low of 18.73 million bbls on 29 September.

Singapore’s fuel oil imports grew by 5.49 million bbls over the same period, after slumping to their lowest levels since January 2020 last week. Exports inched up by 48,000 bbls on the week.

The Port of Fujairah is experiencing severe bunker backlogs after tropical storm Shaheen lashed the area with winds of 60-70km/h on Sunday.

Cargo operations and bunker deliveries started resuming on Monday afternoon, and the majority of bunker suppliers had resumed deliveries by Tuesday. But their earliest delivery dates have been pushed back to 12-13 October as they try to clear the congestion.

HSFO380 continues to be particularly tight in Fujairah, with lead times standing at 12 days, which is two days more than Singapore’s lead time for the high sulphur fuel oil, and among the longest across East of Suez ports.

Fujairah’s fuel oil stocks dropped by 4% to 6.72 million bbls in the week to 27 September, hitting their lowest levels since December 2018, according to figures from the Fujairah Oil Industry Zone (FOIZ) and S&P Global Platts

HSFO380 remains tight in South Korean ports, too, as one of the two suppliers offering the grade has sold out of the product. There are no immediate prospects for HSFO imports to arrive in the country. Suppliers in South Korea can typically only accommodate smaller HSFO380 stems amid limited supplies.

At the same time, South Korean lead times for VLSFO have come down to three days now, compared to seven days two weeks ago. LSMGO is also readily available in the country’s main hubs.

The same availability situation has been observed in Zhoushan recently, where HSFO380 has been tight for most of the past month, while low sulphur fuels are more readily available with 2-3 days of lead time advised.

The nearby Port of Shanghai has good availability of all three fuel grades and could be a good alternative bunkering option.

Tokyo Bay’s bunker market is well supplied across fuel grades, but with lead times standing at eight days ahead. At the same time barges remain tight in several western Japanese ports – from Osaka to the Kyushu area.

 

Photo credit: ENGINE
Published: 7 October, 2021

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Poland: ORLEN to strengthen position in bunker fuels sector with new oil terminal

With the terminal’s commissioning, the company plans to introduce a bunkering vessel to service the Tri-City ports with conventional marine fuels and biofuels.

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ORLEN oil terminals

Polish multinational oil refiner ORLEN Group on Wednesday (12 June) said it is solidifying its presence in the marine fuels market with the construction of a new oil terminal that is scheduled for completion by the second half of 2025.

Construction of the Martwa Wisła terminal, located on the Martwa Wisła river, has already exceeded 70%.

The Martwa Wisła terminal will enhance the logistics capabilities of the Gdańsk refinery, allowing for the transshipment of approximately 2 million tonnes of fuel products annually.

The first four loading arms have already arrived at the construction site and the remaining four loading arms are slated for delivery by the end of June. The devices, with a throughput capacity of up to 500m³/h, will be used at transshipment points to load tankers.

With the terminal's commissioning, the company plans to introduce a bunkering vessel to service the Tri-City ports (Gdańsk, Gdynia, Sopot) with conventional fuels and biofuels.

For over 20 years, the Group has been supplying quality marine fuels to all Polish seaports. Its refinery product portfolio encompasses a wide range of fuels that guarantee quality and strict compliance with regulations, including MGO (DMA 0.1%S), ULSFO (RMD80 0.1% S) and LNG, which will in the near future be complemented with ‘green’ alternatives.

All marine fuels offered by ORLEN comply with the international ISO 8217:2017 standard and meet the requirements of the MARPOL Convention.

 

Photo credit: ORLEN Group
Published: 14 June 2024

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Australia: Crew of bunker tanker “Champion 63” to strike following employer’s refusal to negotiate

‘BP has decided they can’t pay industry standards in Brisbane and want to keep their workers’ wages low,’ states MUA spokesman.

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Champion 63

The crew of Champion 63, a 2022-built Australia-registered bunker tanker with home port of Brisbane, is set to go on strike after bargaining for a new enterprise agreement has stalled, stated the Maritime Union of Australia (MUA) on Wednesday (12 June).

Members of the Australian Maritime Officers Union, the Australian Institute of Marine and Power Engineers, and MUA voted up protected industrial action on 11 June 2024.

The crews have been trying to formalise their employment conditions with ASP Ship Management since the bunkering operations commenced in February 2023. It took ASP approximately six months to issue the Notice of Employee Representational Rights (NERR) and start bargaining.

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“The crew of the new bunker barge on the Brisbane River and the maritime unions bent over backwards to make this vessel work,” said MUA Assistant Branch Secretary Paul Gallagher.

“Including low wages, excessive hours and a roster that does not allow crew to take leave. 18 months down the track when it comes time for BP to reward their crew and pay industry standards what do they do? They deny them fair wages, a workable roster and threaten their back pay!”

The AMOU filed a bargaining dispute after ASP refused to take their claim for a roster that does not demand that crews work every weekend seriously.

“Having to work every weekend because ASP does not have suitable relief arrangements is unacceptable,” said AMOU Industrial Officer Tracey Ellis.

“Crews have a right to be rostered time off to spend with their family. Waiting for ASP to fix the issue did not work, filing a Bargaining Dispute in the Fair Work Commission did not work, so the crews will take protected industrial action until their concerns are taken seriously.”

The crews onboard the Champion 63 voted up an unlimited number of stoppages of work of between one hour and 48 hours.

Gallagher added that, “the Maritime unions will not tolerate the big multinational fuel barons of this world undermining the Australian maritime wages and conditions of seven local mariners who are trying their best to support our own local shipping and Cruise Ship industry. If your cruise holiday gets delayed it is because, after recording over $40 billion profit in last two years, BP has decided they can’t pay industry standards in Brisbane and want to keep their workers’ wages low.”

 

Photo credit: Maritime Union of Australia
Published: 13 June 2024

 

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Infineum releases Sustainability Report 2023 outlining its sustainability progress

Infineum celebrates 25 years of operations and looks forward to the next 25 years of progress towards its net zero ambition by 2050, says CEO.

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Press release Infineum remains focused on our purpose to become a sustainable world class specialty chemicals company

Infineum, a specialty chemicals company headquartered in the UK, on Thursday (13 June) released its fourth annual Sustainability Report, reinforcing its purpose to create a sustainable future through innovative chemistry.

Aligned with the company’s strategic plan to achieve its vision and purpose, Infineum announces:

Publication of its Sustainability Report 2023 (Sustainability.Infineum.com), which outlines the efforts and progress that the company has achieved through the year, including:

  • Championing of Diversity, Equity & Inclusion (DE&I) throughout the organisation
  • Achievement of 28% of colleagues volunteering, surpassing its 2025 target of 25%
  • Increased share of relevant supplier spends covered by sustainability assessments to 62%

Launch of revamped corporate website (www.Infineum.com) to better represent Infineum as a specialty chemicals company, showcasing Infineum’s existing capabilities, as well as diversification in the new markets

The joint venture, formed in 1999 between Shell and Exxon Mobil, celebrates its 25th anniversary this year and recently shared its restructure strategy to two business units, Sustainable Transportation and Energy Applications.

“As Infineum celebrates 25 years of operations and we look forward to the next 25 years of progress towards our net zero ambition by 2050, I am pleased to share our fourth annual sustainability report,” says Infineum CEO Aldo Govi.

“This is a journey and we have made excellent progress, but improvement will not always be linear, especially when set against the backdrop of a challenging external environment, but our purpose of creating a sustainable future through innovative chemistry, continues to drive us forward.

“We remain focused on our vision to become a sustainable world-class specialty chemicals company. Sustainability was at the core of reshaping Infineum to better enable us to contribute to sustainable mobility and the transition to a low-carbon economy.”

 

Photo credit: Infineum
Published: 13 June 2024

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