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ENGINE: East of Suez Bunker Fuel Availability Outlook

Zhoushan’s OPL bunkering halted again; VLSFO availability varies between Indian ports; prompt LSMGO available in Sohar and Duqm.

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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:

1 November 2022

  • Zhoushan’s OPL bunkering halted again
  • VLSFO availability varies between Indian ports
  • Prompt LSMGO available in Sohar and Duqm

 

Singapore

Prompt bunker availability across all fuel grades remains tight in Singapore. Recommended lead times for HSFO are the longest in the port at 7-10 days, while VLSFO has slightly shorter lead times of 7-9 days, and LSMGO has 5-7 days.

Singapore’s middle distillate stocks were drawn to four-month lows in the week ending 26 October and have averaged 8% lower so far this month than in September, according to Enterprise Singapore.

Singapore’s residual fuel oil stocks have averaged roughly steady between September and October. The bulk of HSFO cargo volumes have continued to arrive in Singapore from the UAE and Russia this month, according to cargo tracker Vortexa. There have also been substantial low sulphur fuel oil (LSFO) imports from Malaysia.

 

East Asia

Bunker operations at Zhoushan’s outer port limits (OPL) have been suspended since Thursday last week due to bad weather. It is likely to resume Wednesday afternoon when calmer weather is forecast, according to White Whale Shipping Agency.

Very prompt VLSFO and LSMGO bunker delivery dates are available for small quantities in Zhoushan, subject to weather conditions. 3-5 days are advised for larger quantities. HSFO requires lead times of 4-6 days.

Recommended lead times for VLSFO are around seven days in South Korean ports, but one supplier can deliver prompt stems with lead times of about two days, sources say. Lead times of seven days are advised for both LSMGO and HSFO in South Korean ports.

Meanwhile, availability of VLSFO remains tight with some suppliers in Hong Kong where lead times are around seven days. Some suppliers can offer the grade on prompt dates, a source says.

 

South Asia

Several Indian ports, including Mumbai, Mundra and Kandla on the northwest coast, and Cochin and Chennai on the southern coast, have good availability of VLSFO with lead times of 2-3 days.

Visakhapatnam’s VLSFO price has seen some upward pressure recently as only one supplier can provide the grade.

Meanwhile, VLSFO availability is subject to inquiry in Tuticorin.

Suppliers in Paradip on India’s east coast have almost run out of VLSFO. VLSFO can be delivered in Haldia with recommended lead times of 2-3 days.

The Sri Lankan ports of Colombo and Trincomalee have good availability of VLSFO. One supplier can offer the grade for prompt dates, sources say.

 

Middle East

Fujairah's VLSFO price has been trending lower than other major Asian hubs since the beginning of last month and remains the most attractive. Demand in the UAE port remains weak and continues to keep a lid on prices, sources say.

VLSFO has recommended lead times of around five days in Fujairah, and LSMGO requires four days. HSFO has the longest lead times of eight days.

Availability of VLSFO in Sohar remains good. Prompt dates for LSMGO stems are available in both the Omani ports of Sohar and Duqm.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 2 November, 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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