Business

ENGINE: East of Suez Bunker Fuel Availability Outlook

LSMGO readily available in Singapore; Zhoushan bunkering remains suspended; availability is getting tighter in Hong Kong.

Published

2 years ago

September 21, 2022

Admin

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:

20 September 2022

LSMGO readily available in Singapore
Zhoushan bunkering remains suspended
Availability is getting tighter in Hong Kong

Singapore

Singapore’s VLSFO and HSFO grades remain in tight availability, with recommended lead times stretching 10-11 days ahead. LSMGO is more readily available with lead times of just 1-2 days.

Singapore's fuel oil stock levels have averaged 19.68 million bbls in the first two weeks of September, a 1% rise from their average across August, according to Enterprise Singapore.

The port’s middle distillate stocks have averaged 8.36 million bbls this month. This is up 8% from August and the highest monthly average since November last year.

East Asia

Bunker operations have been suspended by rough weather in Zhoushan since Monday this week. Deliveries are expected to resume from Wednesday morning with calmer weather conditions.

Availability across all fuel grades remain tight in Zhoushan as most suppliers are running low on stocks.

VLSFO and LSMGO stems in Zhoushan have recommended lead times of about eight days for larger quantities, while a shorter three days for smaller quantities. Lead times vary between 5-7 days for HSFO.

Bunker operations are suspended across southern South Korean ports, including Busan, Yeosu, Onsan and Ulsan. Rough weather triggered by typhoon Nanmadol has kept bunkering suspended since Sunday. Bunkering is expected to resume from Wednesday morning, sources say.

Several recent weather-related disruptions in South Korea have pushed back lead times for all fuel grades to early October, sources say.

Availability is also getting tight for all grades in Hong Kong, where lead times of eight days are now advised.

South Asia

Availability remains good across all grades in India’s Mumbai with lead times of 6-7 days.

Recommended lead times for HSFO and VLSFO in Mundra on India’s northwest coast are eight days.

Availability remains tight in Visakhapatnam on India's east coast. Suppliers expect VLSFO supply to be boosted with incoming cargo replenishments over the coming days.

One supplier has started offering HSFO in Visakhapatnam and intends to supply vessels with barges in the nearby ports of Kakinada, Gangavaram, Krishnapatnam and Odisha on India’s east coast as well.

Middle East

Recommended lead times for VLSFO in Fujairah are eight days, and nine days for HSFO. LSMGO has a shorter six days.

According to data compiled by Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights, a spike in HSFO and VLSFO sales pushed Fujairah’s total bunker sales up by 9% in August over July levels. HSFO sales surged 27% higher on the month.

A supplier can offer VLSFO and LSMGO for prompt dates in Oman's Sohar, while LSMGO availability is tight in Duqm.

By Tuhin Roy and Nithin Chandran

Photo credit and source: ENGINE
Published: 21 September, 2022

Alternative Fuels

Argus Green Marine Fuels Asia eBook released ahead of February bunker conference

eBook features interviews with Microsoft, JERA, IBIA, Anglo American, Sumitomo Corporation, Hafnia, BHP, Global Maritime Forum, DS NORDEN, ADNOC Group, and Standard Chartered Bank.

Published

2 days ago

January 17, 2025

Admin

Argus Media organises Green Marine Fuels Asia Conference in Singapore

Independent global energy and commodity market intelligence provider Argus Media recently published an eBook as part of a prelude leading towards the Argus Green Marine Fuels Asia Conference on 18 to 19 February in Singapore.

The Pre-conference content: Argus marine fuels Asia eBook features exclusive industry interviews with Microsoft, JERA, IBIA, Anglo American, Sumitomo Corporation, Hafnia, BHP, Global Maritime Forum, DS NORDEN, ADNOC Group, and Standard Chartered Bank.

It offers a peek into their thoughts on infrastructure readiness, the marine fuels shipowners are gravitating towards, LNG decarbonisation pathways, collaboration across the marine fuels value chain, and more.

The eBook is available for download through the image below:

The Argus Green Marine Fuels Asia Conference will be held at PARKROYAL COLLECTION Marina Bay, 6 Raffles Boulevard, Singapore 039594 on 18 to 19 February in Singapore.

Key speakers for the event include Kenneth Lim, Assistant Chief Executive (Industry & Transformation), Maritime and Port Authority of Singapore (MPA); Torben Nørgaard, Chief Technology Officer - Energy & Fuels, Maersk Mc-Kinney Moller Center; Jerid Soo, Assistant General Manager (Global Sustainability and ESG), Pacific International Lines; Kazuki Yamaguchi, General Manager and Head, Maritime Energy Solution, Energy Transformation Business Group, Sumitomo Corporation; and Mahua Chakravarty, Editor, Marine Fuels (Asia), Argus.

Photo credit: Argus Media
Published: 17 January, 2024

Bunker Fuel

TFG Marine, OOMCO form bunker fuel joint venture to supply in Oman ports

TFG-OOMCO will deliver bunker fuels to vessels visiting Oman’s ports of Duqm, Muscat and Sohar and offer customers a reliable and transparent bunkering provider in the Arabian Gulf.

Published

2 days ago

January 17, 2025

Admin

TFG Marine, OOMCO form bunker fuel joint venture to supply in Oman ports

TFG Marine, the international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean on Thursday (16 January) said it has established a bunker fuel joint venture with Oman Oil Marketing Company (OOMCO) to supply vessels visiting Oman’s ports of Duqm, Muscat and Sohar.

TFG-OOMCO LLC, incorporated in Oman, will combine the local knowledge of OOMCO with the international footprint, sourcing of all grades of marine fuels, infrastructure and logistics capability of TFG Marine, to offer customers a reliable and transparent bunkering provider in the Arabian Gulf.

Tarik Al Junaidi, CEO of Oman Oil Marketing Company, said: “This partnership aligns with Oman Oil Marketing Company’s efforts to develop the maritime transport and shipping infrastructure in Oman, which is in alignment with the objectives Oman Vision 2040.”

“It underscores our commitment to meeting the increasing demand of compliant, high-quality marine grades of fuel while adhering to the highest international health, safety, and environmental standards.”

“Through our partnership with TFG Marine, the adoption of cutting-edge technologies and the implementation of global best practices in fuel bunkering, we strive to lead towards excellence and sustainability in the bunker fuel business in the Sultanate’s ports.”

Mark Russell, Chief Commercial Officer, TFG Marine, said: “This is TFG Marine’s first venture in the Middle East and we look forward to serving our customers in this region. Oman has a rich history as a maritime nation and is well located close to the main shipping routes connecting the Arabian Gulf and the Indian subcontinent with the rest of the world.”

The announcement follows the signing of an MOU agreement between SOHAR Port and Freezone and TFG Marine, to establish an international bunker fuel supply operation.

TFG Marine has already deployed bunker vessel Margherita Cosulich to the region to supply vessels at SOHAR’s deep-sea port. The vessel is fitted with a Mass Flow Meter (MFM), calibrated to the ISO 22192 international standard as required by SOHAR Port. SOHAR Port in February 2024 announced a mandate on the alignment of ISO 22192 standards ‘Bunkering of marine fuel using the Coriolis MFM system’ for all marine fuel supply operations within the port.

TFG Marine added it has long been an advocate of the global adoption of calibrated MFMs to bring much-needed transparency to bunkering and encouraging digitalisation in the long-term interests of the bunker industry and helping to further the decarbonisation goals of the shipping industry.

Photo credit: TFG Marine
Published: 17 January, 2025

Biofuel

Burando Energies delivers B30 bio bunker fuel to tug “MV Bylgia” in Rotterdam

Firm said it successfully delivered ISCC-certified B30 biofuel blend, derived from renewable feedstocks, to Heerema’s Anchor Handling Tug “MV Bylgia” at Port of Rotterdam.

Published

2 days ago

January 17, 2025

Admin

Burando Energies delivers B30 bio bunker fuel to tug “MV Bylgia” in Rotterdam

Burando Energies on Thursday (16 January) announced it successfully delivered ISCC-certified biofuel to Heerema’s Anchor Handling Tug MV Bylgia at the Port of Rotterdam.

The delivered B30 biofuel blend, derived from renewable feedstocks, will help reduce carbon emissions by an estimated 25% (well-to-wake)—an impactful move in Heerema’s ongoing commitment to sustainability.

“This delivery not only reflects our commitment to offering sustainable energy solutions but also strengthens our partnership with Heerema in their green ambitions,” said Duncan Huisman, Sustainable Bunker Trader at Burando Energies.

“We are proud to contribute to initiatives that prioritise the well-being of our planet and future generations.”

Burando Energies said it will continue to focus on innovation and sustainability, striving to provide energy solutions that drive both environmental progress and business success.

Photo credit: Burando Energies
Published: 17 January, 2025