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ENGINE: East of Suez Bunker Fuel Availability Outlook

Demand weak in Zhoushan; VLSFO availability good across most Indian ports; weather disruptions plague Sri Lankan ports.

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ENGINE East of Suez Bunker Fuel Availability Outlook

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:

3 January 2023

  • Demand weak in Zhoushan
  • VLSFO availability good across most Indian ports
  • Weather disruptions plague Sri Lankan ports

 

Singapore

Bunker demand for VLSFO has been average in Singapore coming off the New Year holidays, a source says. Recommended lead times for the grade have come down slightly to 10-12 days now, from two weeks previously.

Meanwhile, recommended lead times for HSFO in Singapore have gone up significantly, from 6-10 days to 12-14 days now. LSMGO availability remains good, with very short lead times of 2-4 days advised.

Singapore’s residual fuel oil stocks averaged 2% higher in December than in November, according to Enterprise Singapore. Singapore’s fuel oil imports and exports both averaged 15% lower in December, with imports notably declining to a seven-month low.

Meanwhile, Singapore’s middle distillate stocks remained roughly steady between November and December.

 

East Asia

Zhoushan continues to grapple with sluggish demand, a source says. Persistent weather disruptions throughout December contributed to cap bunker demand. Suppliers in the Chinese bunkering hub has been pricing VLSFO at competitive levels to other regional ports to spur demand.

Availability of VLSFO has been getting tighter in Zhoushan as replenishment cargoes have been delayed, a source says. Recommended lead times for VLSFO have increased slightly to around seven days for larger quantities, up from 3-4 days in the prior week. But lead times remain almost steady at 3-5 days for smaller quantities.

The arrival of replenishment cargo last week has eased the tightness for HSFO in Zhoushan, and availability of the grade no longer subject to enquiry. Another replenishment cargo is due for arrival in the second week of January, which is likely to alleviate the situation even further, a source says.

Lead times of around seven days are recommended for HSFO in Zhoushan now. Availability of LSMGO remains okay, with lead times of 3-5 days.

Demand remains very healthy in Hong Kong, and lead times of around seven days are recommended for all grades.

Meanwhile, lead times for all grades across South Korean ports are 4-8 days ahead, which is much shorter than the two weeks previously advised. Demand remains normal in South Korean ports, a source says.

Bad weather is forecast in the South Korean ports of Ulsan, Onsan, Daesan, Taean and Yeosu from Friday onwards, which might disrupt bunkering, a source says.

 

South Asia

VLSFO and LSMGO remains readily available in India’s Mumbai, with short lead times of 2-3 days.

Availability of VLSFO remains good in Mundra and Kandla on India’s northwest coast, with lead times of 2-3 days advised. Prompt delivery dates for LSMGO are available in Kandla. Bad weather, however, is forecast in Kandla and Sikka over the next few days, which might hamper bunkering in the ports.

Cochin and Chennai on the southern coast of India have good availability of both VLSFO and LSMGO, with lead times of 2-3 days recommended. Meanwhile, availability of both the grades remains subject to enquiry in Tuticorin.

Prompt dates are available for both VLSFO and LSMGO in Visakhapatnam on India’s southwestern coast.

Haldia on India’s east coast has good availability of VLSFO, while Paradip has almost run out of the grade.

The Sri Lankan port of Colombo has been grappling with bad weather since the beginning of this week, which has disrupted bunkering in the port’s outer port limits. However, weather has improved, and delivery of stems resumed on Tuesday, a source says.

Recommended lead times across all grades in Colombo are nine days, which is significantly up from four days last week.

Trincomalee, on the northeastern coast of Sri Lanka, has been bearing the brunt of bad weather so far this week. Suppliers have been attempting to make deliveries when the weather permits, a source says.

Middle East

Good bunker demand in Fujairah since the middle of December, coupled with tight availability, has led suppliers in the port to price its VLSFO at premiums to other major East of Suez ports.

Lead times of 8-10 days are recommended for the grade in Fujairah now. LSMGO has lead times of around nine days, while HSFO requires lead times of around seven days in the UAE port.

Prompt delivery dates for LSMGO are available in the Omani ports of Duqm, Sohar, Salalah and Muscat.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 4 January, 2022

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Winding up

Singapore: Liquidators arrange creditors meeting for Otto Marine Limited

Meeting will be held from 3pm on 24 July at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095, according to Government Gazette notice.

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steve pb from Pixabay

A meeting for creditors of Otto Marine Limited, which is in liquidation, has been scheduled to take place on 24 July, according to a Government Gazette notice on Thursday (11 July). 

The meeting will be held from 3pm at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095

The agenda of the meeting will be as follows:

  • To update on the liquidation administration;
  • To approve the Liquidators’ fees and disbursements;
  • To approve the declaration of preferential dividend(s) pursuant to Section
  • 328(1)(b) to 328(1)(f) of the Companies Act, Cap. 50;
  • To consider and if thought fit, to appoint a committee of inspection; and
  • Any other business.

The details of the liquidators are as follows: 

Chee Yoh Chuang
Lin Yueh Hung
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: steve pb from Pixabay
Published: 12 July, 2024

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LNG Bunkering

Titan completes first STS LNG bunkering operation in Cuxhaven

Port of Cuxhaven in Germany had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth, says Titan.

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Titan completes first STS LNG bunkering operation in Cuxhaven

LNG bunker fuel supplier Titan on Thursday (11 July) said it completed the first-ever LNG bunkering operation by ship in the port of Cuxhaven.

Titan’s bunker vessel Optimus successfully delivered LNG to dredger Vox Ariane operated by its long-term client Van Oord. 

“Our ship-to-ship bunkering in Cuxhaven represents a pioneering step in the region's LNG infrastructure development, as the port had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth,” it said in a social media post. 

“LNG infrastructure development is part of a broader trend, with more ports across Germany adopting LNG operations to support shipping’s clean fuels transition.”

Titan added the improved LNG bunkering capabilities in Cuxhaven, a Niedersachsen Ports GmbH & Co. KG port, also opened up the pathway to maritime decarbonisation via liquified biomethane (LBM) and then renewable e-methane going forward.

 

Photo credit: Titan
Published: 12 July, 2024

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LNG Bunkering

UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Firm said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier in the Port of Drammen, Norway.

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UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Norwegian roll-on/roll-off shipping line United European Car Carriers (UECC) on Wednesday (10 July) said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier Auto Achieve in the Port of Drammen on 4 July.

The firm said this was the first time UECC received LNG by barge to any of their vessels in their home country Norway. 

“We also believe that it was the first time LNG was delivered by barge to any vessel in Drammen, and most likely the entire Oslofjord,” UECC said in a social media post.

The LNG was supplied by the Molgas Energy Holding vessel Pioneer Knutsen, owned by Knutsen Group OAS.

“UECC is very pleased to see the expansion of the LNG barge network in Norway,” it said. 

 

Photo credit: UECC
Published: 12 July, 2024

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