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ENGINE: East of Suez Bunker Fuel Availability Outlook

VLSFO and HSFO availability tight in Singapore; Zhoushan bunkering suspended by typhoon; steady availability in Hong Kong.

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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:

13 September 2022 

  • VLSFO and HSFO availability tight in Singapore
  • Zhoushan bunkering suspended by typhoon
  • Steady availability in Hong Kong

 

Singapore

Fuel oil grades are in tight availability in Singapore, while gasoil is more readily available. Lead times for VLSFO are 10-13 days and 9-12 days for HSFO. Some suppliers can provide stems on prompt dates at price premiums, sources say.

LSMGO has a much shorter lead time of 2-3 days.

Singapore’s residual fuel oil inventories were drawn sharply in the week to 7 September, to end a three-week build, according to Enterprise Singapore.

Despite the latest draw, stock levels were higher in the first week of September than on average across August. A 5% increase in net fuel oil inflows this month has lent some support to stocks.

 

East Asia

Suppliers in eastern Chinese ports are bracing for typhoon Muifa to hit this week. Bunkering has been suspended in Zhoushan since Monday, according to White Whale Shipping Agency.

Gale-force wind gusts of 33 knots are forecast in Zhoushan on Tuesday. Wednesday could see winds increase to hurricane-force of up to 64 knots, and waves reach nearly 3 metres.

Availability of all fuel grades in Zhoushan will depend on the how the typhoon impacts operations. Availability prospects might get further impacted as several suppliers already have backlogs, and bad weather is expected to last until 19 September, sources say.

Typhoon Muifa is likely to bring heavy rains and strong winds to parts of South Korea, which might lead to bunker suspensions and delays in some of its ports, sources say. Recommended lead times for all grades are eight days across the southern ports. 

Lead times for South Korea's western ports are longer at 11 days across all grades.

Availability across all fuel grades in Hong Kong remains steady with lead times of 6-7 days.

 

South Asia

Availability of LSMGO and VLSFO remains normal for prompt dates in India’s Mumbai. HSFO and VLSFO availability is tight in Mundra on India's northwest coast and requires about 10-11 days of lead times.

A supplier has received VLSFO resupply cargoes in Visakhapatnam and Kakinada on India's east coast and is able to offer deliveries for prompt dates, a trader says.

Bunker fuel availability is normal in Sri Lanka’s Colombo and Trincomalee. Recommended lead times for VLSFO and LSMGO are about 5-7 days.

 

Middle East

The lead time for VLSFO in Fujairah is seven days, 10 days for HSFO and a shorter five days for LSMGO.

Two suppliers in Fujairah are able to offer some VLSFO volumes for prompt dates, a trader says.

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

By Tuhin Roy and Nithin Chandran

 

Photo credit and source: ENGINE
Published: 14 September, 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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