Business

ENGINE: East of Suez Bunker Fuel Availability Outlook

Availability across all grades still tight in Hong Kong; bunkering mostly resumes in Zhoushan; Fujairah VLSFO at sustained discounts.

Published

2 years ago

October 26, 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:

25 October 2022

Availability across all grades still tight in Hong Kong
Bunkering mostly resumes in Zhoushan
Fujairah VLSFO at sustained discounts

Singapore

Prompt availability remains tight in the Singapore bunker market. VLSFO has lead times of 8-9 days, and slightly longer lead times of 8-11 days are advised for HSFO.

LSMGO availability has been getting tighter since the beginning of October with the lead times now stretching to 8-9 days.

Singapore’s middle distillate stocks were drawn by 14% in the week ending 19 October and remain well below their five-year average position for the year, according to Enterprise Singapore.

East Asia

Bunkering has resumed at Zhoushan’s Tiaozhoumen and Xiushandong anchorages amid calmer weather conditions, while the Xiazhimen anchorage continued to be closed for bunkering on Tuesday, according to White Whale Shipping Agency. The port’s outer port limits (OPL) bunkering was suspended from Monday due to rough weather.

Bunker congestion has eased in Zhoushan since last week, with the total number of vessels waiting to bunker coming down by eight from Monday, according to White Whale Shipping Agency.

Recommended lead times for VLSFO in Zhoushan are 3-5 days and around five days for HSFO. LSMGO has shorter lead times of 2-4 days.

VLSFO remains tight for prompt dates in South Korean ports as most suppliers are running low on stocks. Lead times for VLSFO now stretch into the first week of November. One supplier can offer the grade with much shorter lead times of four days, a source says.

Lead times of around eight days are recommended in South Korean ports for LSMGO and HSFO.

Availability across all grades remain tight in Hong Kong with lead times stretching to 9-11 days.

South Asia

Availability of VLSFO remains good across several Indian ports, including Mumbai, Mundra and Kandla on the northwest coast, and Cochin and Chennai on the southern coast, with lead times of 2-3 days.

Recommended lead times for VLSFO in Visakhapatnam on India’s east coast are 2-3 days, while HSFO in the port is subject to enquiry.

Availability of HSFO is subject to enquiry in Mumbai and Cochin as well.

Meanwhile, prompt dates for VLSFO and LSMGO are available in Sri Lanka’s Colombo and Trincomalee.

Middle East

Fujairah’s VLSFO price has remained the most attractive among the major Asian hubs since the beginning of October. A period of sluggish demand, ample supply and strong competition for stems has contributed to keep a lid on price increases.

LSMGO has the longest lead time among fuels in the port, with around nine days, followed by lead times of about seven days for VLSFO and HSFO.

Some suppliers can offer prompt dates for VLSFO deliveries in the Omani ports of Duqm and Sohar. Recommended lead times are short at only 1-2 days ahead.

By Tuhin Roy

Photo credit and source: ENGINE
Published: 26 October, 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