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ENGINE: East of Suez Bunker Fuel Availability Outlook

VLSFO supply improves in Singapore; several South Korean ports face possible weather disruptions; demand good in Fujairah.

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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:

4 July 2023

  • VLSFO supply improves in Singapore
  • Several South Korean ports face possible weather disruptions
  • Demand good in Fujairah

 

Singapore

Overall demand has been “slow” in Singapore so far this week, however, buying interest for HSFO grade remains strong, a source says. Stronger demand for the grade has contributed to keep HSFO supply tight in the port. Lead times remain almost unchanged from last week at 10-12 days.

Meanwhile, VLSFO availability has improved in the East Asian bunker hub, with lead times dropping from 9-12 days last week to 6-8 days now. LSMGO also remains readily available, with short lead times of 3-5 days advised, down from 5-7 days last week.

Singapore’s residual fuel oil stocks averaged 4% higher in June than in May, according to Enterprise Singapore. Singapore’s net fuel imports swelled massively by 51% to their highest level since last June. While the port’s fuel imports surged by 24%, the fuel oil exports slumped by 19% and to their lowest level since last October.

The port’s middle distillate stocks also averaged 6% higher in June than in May.

 

East Asia and Oceania

Sluggish demand and weather-related disruptions have kept a lid on tightness across all grades in Zhoushan, a source says.

Bunker availability is good across all grades in Zhoushan. Some suppliers, that were unable to supply large prompt VLSFO stems last week, can now supply the grade with a short lead time of 2-5 days.

LSMGO and HSFO demand also remains good, with prompt supply available in the port.

Bunkering resumed at Zhoushan’s OPL area on Tuesday evening after remaining suspended by bad weather conditions since Sunday. All four anchorages in the Chinese bunkering hub were operational on Tuesday.

Demand for VLSFO has been robust in Hong Kong, a source says. Buying interest for LSMGO of small stem sizes has been good so far this week, while HSFO demand is slow. Lead times of around seven days are recommended in the port – slightly down from 7-10 days last week.

Meanwhile, VLSFO availability has tightened in South Korean ports, with delivery dates mostly subject to enquiry now. Last week, some suppliers were offering the grade at lead times of 3-6 days.

Prompt availability for HSFO and LSMGO has also tightened across South Korean ports, with lead times varying between 4-11 days. Both grades were offered with lead times of 2-4 days and about six days across southern and western South Korean ports, respectively, last week.

The South Korean ports of Ulsan, Onsan, Busan, Daesan, Taean and Yeosu are forecast to experience adverse weather conditions intermittently between 5-9 July, which might disrupt bunker operations.

Bad weather conditions are also predicted intermittently between 6-11 July in the Vietnamese port of Hai Phong, and 4-10 July in the Kiwi port of Tauranga.

 

South Asia

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

Meanwhile, both grades remain subject to availability in Mumbai, Visakhapatnam and Paradip as it has been in recent weeks. On the other hand, supply in Tuticorin port on the southeast coast and Haldia on the east coast remains subject to enquiry.

Rough weather is forecast at Kandla on Wednesday and Thursday, which could impact bunker deliveries.

Strong wind gusts of 21-29 knots and waves of more than two metres are forecast to hit the Sri Lankan port of Colombo on Wednesday, which may disrupt bunker operations.

 

Middle East

All grades remain in tight availability in Fujairah amid good demand. Lead times of 5-7 days are advised across all bunker fuel grades in the port – virtually unchanged from last week. But some suppliers can offer all bunker fuel grades for prompt delivery dates, but these deliveries depend on stem sizes, a source says.

Availability of all bunker fuel grades remains good in the UAE port of Khor Fakkan, with unchanged lead times of 5-7 days from last week.

LSMGO is readily available across the Omani ports of Muscat, Salalah, Sohar and Duqm.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 5 July, 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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