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ENGINE: East of Suez Bunker Fuel Availability Outlook

Zhoushan’s OPL bunkering remains suspended; wider Fujairah VLSFO discounts to other hubs; VLSFO availability tight in South Korean ports.

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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:

18 October 2022

  • Zhoushan’s OPL bunkering remains suspended
  • Wider Fujairah VLSFO discounts to other hubs
  • VLSFO availability tight in South Korean ports

 

Singapore

Prompt availability is still tight for all the main bunker fuel grades in Singapore. HSFO has the longest recommended lead times of 11-13 days, followed by 10-12 for VLSFO and 8-10 days for LSMGO.

LSMGO availability started tightening at the beginning of the month, while the fuel oil grades have been tight for months.

Singapore’s residual fuel oil inventories were drawn by a massive 12% in the week ending 12 October, but the stocks have still averaged 1% higher in October than in September., according to Enterprise Singapore.

 

East Asia

Bunker operations at Zhoushan’s outer port limits (OPL) have been suspended since Friday. OPL activity is likely to resume on Wednesday, when calmer weather is forecast, according to White Whale Shipping Agency.

Weather-related disruptions have led to bunker congestion in Zhoushan. The number of vessels waiting to bunker across Zhoushan's anchorages has increased by six since Monday to 19 vessels on Tuesday, according to White Whale Shipping Agency.

VLSFO availability remains tight in Zhoushan as weather-related disruptions have caused backlogs to build. Recommended lead times for VLSFO are around five days. Some suppliers can offer prompt lead times of two days for smaller quantities, sources say. Recommended lead times for LSMGO are about five days, and lead times of 5-7 days are advised for HSFO.

Bunker operations have been slowed by rough weather in some of South Korea's southern and western ports, sources say.

VLSFO availability remains tight in South Korean ports as most suppliers are running low on stocks. Only one supplier can offer VLSFO with lead times of around of five days now. The rest of the suppliers can only offer delivery dates from the first week of November, sources say.

LSMGO and HSFO availability remains steady in the South Korean ports with lead times of 4-9 days.

Availability across all fuel grades is getting tighter in Hong Kong with lead times of around seven days advised.

 

South Asia

VLSFO can be delivered with around 2-3 days of lead time in several Indian ports, including Mumbai, Mundra and Kandla on the northwest coast, and Cochin and Chennai on the southern coast.

Visakhapatnam on India’s east coast is almost out VLSFO, while availability of VLSFO has been normal in Kakinada.

VLSFO availability remains good in the Sri Lankan port of Colombo with lead times of 1-3 days.

 

Middle East

Fujairah's VLSFO price moved to discounts to Singapore and Zhoushan in the first week of October, and these discounts have more than doubled since then.

The UAE port's residual fuel oil stocks have averaged 3% bigger so far this month than in September, with a major increase in imports of Russian fuel oil barrels contributing to a net import surplus. This, together with weak bunker demand, has triggered some suppliers to lower prices in an effort to stimulate demand.

Recommended lead times for VLSFO in the port are around six days. Lead times for HSFO are seven days, and about four days for LSMGO.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 19 October, 2022

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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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