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ENGINE: East of Suez Bunker Fuel Availability Outlook

VLSFO supply improves in Zhoushan as replenishment cargoes arrive; all grades are tight for prompt dates in Singapore; prompt VLSFO and LSMGO mostly available in Mumbai.

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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:

30 August 2022

  • VLSFO supply improves in Zhoushan as replenishment cargoes arrive
  • All grades are tight for prompt dates in Singapore
  • Prompt VLSFO and LSMGO mostly available in Mumbai

 

Singapore

Securing VLSFO and HSFO for prompt dates in Singapore remains tight. Recommended lead times for VLSFO is around 11-13 days, 9-11 days for HSFO, and shorter 7-9 days for LSMGO.

The grades are likely to remain tight in the coming weeks as some suppliers are booked through the first few days in September.

Several suppliers can offer VLSFO deliveries from 9 September onwards, a trader says. Prompt VLSFO deliveries are typically priced $15-20/mt higher than dates further out.

Singapore’s residual fuel oil inventories increased by 13% in the week to 26 August but have still averaged 7% lower so far this month than in July, according to Enterprise Singapore.

More VLSFO and LSMGO were fixed in the recent week, while HSFO fixtures remain sparse.

 

East Asia

VLSFO availability has slightly improved in Zhoushan as some suppliers have received resupply cargos, sources say. Recommended lead times for VLSFO is about 7-8 days, while LSMGO is readily available for prompt dates.

HSFO availability in Zhoushan remains tight and supply dates are mostly subject to enquiry as only one supplier is able to offer the grade, sources say.

Bunker fuel availability remains normal in Hong Kong and recommended lead times are about 4-5 days across all grades.

Availability is tight across all grades in southern and western South Korean ports. VLSFO, HSFO and LSMGO lead times are currently 12-13 days. Sources expect availability to improve from 12 September onwards.

Bunker demand remains sluggish in the Philippines’ Manila amid relatively higher bunker prices. LSMGO availability is normal. A supplier can offer deliveries for prompt dates.

 

South Asia

HSFO, VLSFO and LSMGO availability is normal in India’s Mumbai. A supplier can offer prompt deliveries.

VLSFO and HSFO supply is normal in Mundra on India's northwest coast and requires lead times of 4-5 days. VLSFO deliveries in Kandla requires 2-3 days of lead time.

Meanwhile, VLSFO supply is almost out of stock in India's southern coast Cochin and Tuticorin, while VLSFO supply is relatively better in Chennai and some suppliers can offer deliveries for prompt dates.

VLSFO supply is almost out of stock in Visakhapatnam, Haldia, Paradip and Kakinada on India’s east coast.

A supplier expects replenishment stocks to arrive in Visakhapatnam by mid-September, while another supplier can offer limited quantities of VLSFO but are typically priced a premium

HSFO avails are mostly subject to enquiry across all the Indian hubs.

VLSFO and LSMGO availability is normal in Colombo and Trincomalee. A supplier can offer deliveries for prompt dates if weather permits, while others require lead times of four days.

Some suppliers struggle to deliver stems at the port's outer port limit (OPL) amid rough weather conditions.

Strong wind gusts of 18-26 knots are forecast in Colombo from Thursday and until Friday. Winds at the higher end of that range could pose problems to bunker deliveries by barge.

 

Middle East

VLSFO and LSMGO lead times in Fujairah are about 7-8 days, while HSFO has longer lead time of 9-10 days. Some suppliers in Fujairah can offer VLSFO for prompt dates but supply dates are subject to enquiry, sources say.

VLSFO and LSMGO avails are normal in Sohar. A supplier can offer LSMGO for prompt dates in Sohar and Duqm.

VLSFO and LSMGO availability is normal in Iraq's Basra. A supplier can offer deliveries for prompt dates.

VLSFO supply is good in Saudi Arabia's Yanbu. A supplier can offer deliveries for 2 September.

By Tuhin Roy and Nithin Chandran

 

Photo credit and source: ENGINE
Published: 31 August, 2022

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Newbuilding

Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.

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Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker

 

Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

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LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.

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Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.

 

Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

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Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

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Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.

 

Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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