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ENGINE: East of Suez Bunker Fuel Availability Outlook

LSMGO readily available in Singapore, fuel oils tight; weak demand in Hong Kong; availability good across several Indian 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:

14 March, 2023

  • LSMGO readily available in Singapore, fuel oils tight
  • Weak demand in Hong Kong
  • Availability good across several Indian ports

 

Singapore

Singapore has been seeing average demand over the past few weeks. Total bunker sales also fell on a daily average basis, from 141,000 mt/day in January to 136,000 mt/day in February, according to the Maritime and Port Authority of Singapore. That trend has continued into this month, sources say.

Prompt availability of VLSFO and HSFO remains tight in Singapore. Recommended lead times for VLSFO have increased from 5-8 days last week, to 7-10 now. HSFO lead times are similar to last week at 7-10 days.

LSMGO still remains readily available in the port, with almost unchanged lead times of 3-4 days.

Stocks of residual fuel oil in Singapore have averaged 5% lower so far in March than across February, data from Enterprise Singapore shows. The stock draw has come despite a net fuel oil import rise of 6%.

Singapore’s middle distillate stocks, meanwhile, have averaged 16% higher on the month.

 

East Asia

Zhoushan continues to see weak demand. Recommended lead times have been almost the same over the last couple of weeks across all grades. VLSFO and LSMGO stems require 3-5 days ahead, and HSFO needs around 5-7 days.

However, strong wind gusts of 18-22 knots and swells of close to a metre are forecast to hit Zhoushan between 17-18 March, which could disrupt bunkering and put pressure on future availability.

Meanwhile, availability across grades remains normal in Hong Kong amid low demand. Lead times are virtually unchanged from last week at around seven days.

Availability has improved across South Korean ports amid average demand, a source says. Lead times of 3-8 days are recommended in the country's southern ports, down from 5-12 days last week.

Recommended lead times have increased slightly for western ports, from 4-5 days last week to 3-8 days now.

Rough weather is forecast intermittently this week in the South Korean ports of Ulsan, Onsan, Daesan, Taean and Yeosu, which might hamper bunkering.

Bad weather might also impact bunker operations in the Vietnamese port of Ho Chi Minh City between 14-20 March.

 

South Asia

Mumbai has good availability of VLSFO and LSMGO, with prompt dates available.

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

Availability of grades are subject to enquiry in Tuticorin in the southeast coast, while a supplier in Paradip on the eastern coast of India is almost out of stock for both grades.

The Sri Lankan ports of Colombo and Trincomalee have good availability of LSMGO, with prompt dates available.

Middle East

Availability of the three main fuel grades has improved in Fujairah. VLSFO stems now need around seven days of lead time, and LSMGO requires around five days - much shorter than the 10-11 days recommended last week. Lead times of HSFO have also improved from around eight days previously, to six days now.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 15 March, 2023

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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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