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ENGINE: East of Suez Bunker Fuel Availability Outlook

Demand weak in Fujairah; weather disruptions might hit several East Asian ports; LSMGO availability good in Omani 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:

10 January 2023

  • Demand weak in Fujairah
  • Weather disruptions might hit several East Asian ports
  • LSMGO availability good in Omani ports

 

Singapore

Singapore has been witnessing steady demand so far this week. The lead-up to the upcoming Chinese Lunar New Year holiday might lend further support to demand, a source says. Recommended lead times for VLSFO remain almost unchanged from last week at 11-13 days.

Lead times of 12-14 days are recommended for HSFO in Singapore - also similar to last week. LSMGO availability is good in Singapore, with lead times of 3-5 days, which is slightly up from 2-4 days previously.

Singapore’s residual fuel oil stocks have averaged 3% higher so far in January than in December, despite a 2% decline in imports, according to Enterprise Singapore. Singapore’s fuel oil exports have plunged by 60%, resulting in a bigger net import surplus.

The port’s middle distillate stocks, meanwhile, have averaged 15% higher in the first few days of this month than in December.

 

East Asia

Zhoushan has been seeing improved demand so far this week, following a period of prolonged weakness, a source says. The port continues to price its VLSFO at competitive levels to attract demand. However, bad weather forecast for next weekend might play spoilsport, as it might hamper bunker operations at anchorage.

Replenishment cargo volumes have arrived in Zhoushan to ease VLSFO tightness, bringing down lead times to 3-5 days from almost seven days previously. Another VLSFO cargo is due to arrive around the weekend, which is likely to improve supply further.

LSMGO remains readily available with lead times of 2-3 days. HSFO availability is getting tighter in Zhoushan as some suppliers are sold out. Lead times of 5-7 days have been recommended for HSFO in the port. One supplier is likely to receive an HSFO cargo around 18 January, which might alleviate the recent tightness, a source says.

Availability of all grades remains good in Hong Kong with lead times of around seven days required. A source says suppliers in Hong Kong have been witnessing declining demand so far this week.

Southern South Korean ports have lead times of 5-7 days for all grades, while western South Korean ports require slightly shorter lead times of 3-4 days.

South Korean ports of Ulsan, Onsan, Daesan, Taean and Yeosu may witness weather-related disruptions from Friday onwards.

HSFO availability remains tight across the Indonesian ports of Balikpapan, Jakarta, Surabaya, Benoa and Batam.

Bad weather might impact bunkering in the Thai ports of Koi Sichang and Leam Chabang from today onwards and likely to persist through the week.

The Vietnamese ports of Ho Chi Minh City and Hai Phong might see delivery disruptions throughout the week, with unfavourable weather conditions forecast to hit the ports today and tomorrow, respectively.

 

South Asia

India’s Mumbai has good availability of VLSFO and LSMGO, with lead times of 2-3 days recommended.

Prompt dates for VLSFO are available in Mundra and Kandla on India’s northwest coast. LSMGO remains readily available in Kandla, while a supplier in Mundra has almost run out of stock.

Bad weather is likely to disrupt bunkering in Sikka, another port on India’s northwest coast, between Wednesday and Thursday, a source says.

Availability of VLSFO and LSMGO remains good in the southern Indian ports of Cochin and Chennai, while Tuticorin’s availability across both the grades remain subject to enquiry.

Visakhapatnam on India’s southwestern coast can offer VLSFO and LSMGO at prompt dates. Lead times of 2-3 days are recommended for VLSFO and LSMGO in Haldia on the eastern coast of India.

The Sri Lankan ports of Colombo and Trincomalee can offer LSMGO for prompt dates.

 

Middle East

Demand has reportedly been weak in Fujairah so far this week. Sources attributed lower demand to a lack of movement in bulk carriers and container vessels. Recommended lead times for VLSFO have decreased to around seven days, from 8-10 days last week.

Lead times of five days have been advised for LSMGO, down from nine days previously. Lead times for HSFO have gone up slightly in the UAE port, to eight days now, from seven days last week.

The Omani ports of Duqm, Sohar, Salalah and Muscat have very good availability of LSMGO.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 11 January, 2023

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Biofuel

Pinnacle Marine and Abo Shoten ink MoU for B100 trial in Singapore

Pinnacle will carry out a 1,000-hour B100 biodiesel trial on an aluminium harbour craft in Singapore; Abo Shoten will contribute funding to support construction and operational expenses of the trial vessel.

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Pinnacle Marine and Abo Shoten ink MoU for B100 trial in Singapore

Singapore-based shipbuilding firm Pinnacle Marine on Wednesday (13 November) said it signed a Memorandum of Understanding (MOU) with Abo Shoten, Ltd. to launch a collaborative research project centred on a full biodiesel (B100) trial.

Pinnacle will carry out a 1,000-hour B100 biodiesel trial on a 16-metre aluminium harbour craft within Singapore’s port waters. Other partners are NTU’s Maritime Energy & Sustainable Development Centre of Excellence (MESD), Weichai Singapore Pte Ltd, and China Classification Society.

“As part of the agreement, Abo Shoten will contribute funding to support the construction and operational expenses of the trial vessel,” Pinnacle said in a social media post. 

“This MOU aligns with Abo Shoten’s Sustainable Development Goals, which emphasise sustainable practices, maritime decarbonisation, and environmental stewardship - principles that closely align with Pinnacle’s commitment to sustainability.”

The MOU was formally signed by the CEOs, Mr. Ren Wada of Abo Shoten and Mr. Fabian Lim of Pinnacle Marine.

“We look forward to continued collaboration with our partner in advancing maritime decarbonisation, including the construction, delivery, and successful operation of this research harbour craft powered by B100 biodiesel in our port waters,” the firm added.

Manifold Times previously reported Pinnacle signing a Research Collaboration Agreement with NTU Maritime Energy & Sustainable Development Centre of Excellence (MESD), Weichai Singapore Pte Ltd, and the China Classification Society.

Related: Biodiesel sea trial to be conducted on harbour craft in Singapore

 

Photo credit: Pinnacle Marine
Published: 14 November, 2024

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Winding up

Singapore: Liquidators set creditors meeting for An Shun Shipping, Dai Hai Shipping

Meetings will be held via videoconference at 11am and 2pm (Singapore time) respectively on 27 November, according to Government Gazette notices.

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Meetings for creditors of An Shun Shipping Pte Ltd and Da Hai Shipping Pte Ltd, which is in liquidation, has been scheduled to take place on 27 November, according to several Government Gazette notices on Wednesday (13 November). 

The meetings will be held via videoconference at 11am and 2pm (Singapore time) respectively. 

The agenda of the meetings will be as follows:

  • To approve the Liquidator’s remuneration plus disbursements with applicable GST incurred in the period of the Company’s liquidation from 21 January 2022 to 30 September 2023; and
  • Any other business.

The details of the liquidators are as follows:

Yit Chee Wah
Liquidator
c/o One Raffles Quay
#27-10 South Tower
Singapore 048583

Note:

  1. Proxies to be used at the meeting must be lodged with FTI Consulting (Singapore) Pte Ltd, via email to [email protected] by 12:00 p.m. (Singapore time) on 26 November 2024. Secured creditors (unless they surrender their security) must give particulars, the date the security was received and its value if they wish to vote at the Meeting.
  2. The Meeting shall be held by videoconference only. Details of the videoconference will be provided to only those creditors, via email, who have registered their interest in attending the Meeting via videoconference.

 

Photo credit: Benjamin Child
Published: 14 November, 2024

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Ammonia

KR and partners to develop safety guidelines for ship-to-ship ammonia bunkering

KR, HD KSOE, HD HHI, KSS Line, and Liberian Registry will work together to develop standardised safety procedures that will set international benchmarks for ship-to-ship ammonia bunkering.

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KR and partners to develop safety guidelines for ship-to-ship ammonia bunkering

Classification society Korean Register (KR) on Wednesday (13 November) said it has formed a landmark partnership to develop the safety guidelines for ship-to-ship ammonia bunkering through a Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Heavy Industries (HD HHI), KSS Line, and the Liberian Registry.

As the demand for ammonia-fuelled vessels rises, the partnership aims to establish robust safety standards for STS ammonia bunkering, an efficient method for supplying fuel to ammonia-fuelled vessels. 

“The safe bunkering of alternative fuels, like ammonia, requires rigorous risk assessment and the establishment of controlled zones,” KR said in a statement. 

“While standards for LNG and methanol bunkering have already been defined through various international industry standards, ammonia currently lacks relevant guidelines, highlighting the urgent need for the partnership’s research.”

To address this industry need, the five organisations involved will work together to develop standardised safety procedures that will set international benchmarks for ship-to-ship ammonia bunkering.

As part of the initiative, HD KSOE will perform risk assessments aligned with international industry standards, while HD HHI and KSS Line will utilise their expertise and experience in alternative-fuel vessels and ammonia carriers to evaluate controlled zones and safety procedures for ammonia STS bunkering. 

KR will verify the compliance of these safety procedures and issue an Approval in Principle (AIP) certificate. The Liberian Registry, overseeing the world’s largest registered fleet, will further review the validity of these safety procedures.

KIM Yeontae, Executive Vice President of KR’s technical division, said: “With the expected rise in ammonia bunkering demand driven by the construction of more ammonia-fueled vessels, this collaborative effort to establish safety standards is highly significant.”

“Through this partnership, KR is committed to advancing ammonia fuel technology and supporting the industry’s decarbonisation efforts.”

KIM Jungsik, Managing Director of the Korea Office at the Liberian Registry, said, “Just as we observed with the initial adoption of LNG STS bunkering, it is critical to establish regulations and procedures for ammonia as well.”

“Our Innovation and Energy Transition team will thoroughly review the safety protocols and support the development of international standards.”

 

Photo credit: Korean Register
Published: 14 November, 2024

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