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Bunker Fuel Availability

ENGINE: Europe & Africa Bunker Fuel Availability Outlook (15 Nov 2023)

LSMGO availability improves in ARA; bunker fuel availability is tight in Malta, Piraeus and Istanbul; LSMGO tight in Durban and Richards Bay.

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RESIZED ENGINE Europe and Africa

The following article regarding Europe and Africa bunker fuel availability has been provided by online marine fuel procurement platform ENGINE for post on Singapore bunkering publication Manifold Times:

  • LSMGO availability improves in ARA
  • Bunker fuel availability is tight in Malta, Piraeus and Istanbul
  • LSMGO tight in Durban and Richards Bay

Northwest Europe

In the ARA hub, recommended lead times for HSFO are 5-7 days, and 4-6 days for VLSFO, a trader said.

LSMGO availability has improved in the ARA hub, with prompt delivery dates available, according to the trader. Recommended lead times are 3-4 days for the grade, down from 4-5 days last week.

Rotterdam's Hi5 spread has widened from $73/mt last week to $104/mt on Wednesday.

The ARA’s fuel stocks have gained 6% coming into this month, according to Insights Global Data. The region has imported 229,000 b/d of fuel oil so far this month, which is slightly lower than 243,000 b/d imported in October, according to cargo tracker Vortexa.

Fuel oil cargoes have mostly arrived from the UK, accounting for 32% of the ARA's total fuel oil imports in November. Turkey took the second position at 30%, and Germany in third position at 12%.

The ARA’s independent gasoil inventories – which include diesel and heating oil – declined by 5% on the month, according to Insights Global data.

VLSFO and LSMGO availability remains normal for delivery off Skaw, a source says. Recommended lead times for both grades are around 7-10 days. HSFO availability remains a bit tight in Skaw.

Mediterranean

HSFO availability is a bit tight in Gibraltar. Lead times of 5-7 days are recommended to ensure full coverage from suppliers.

Gibraltar's Hi5 spread widened from $91/mt last week, peaking at $103/mt on Tuesday, before narrowing again to $98/mt on Wednesday. The port's Hi5 spread has widened significantly from narrow levels of $20/mt seen last month.

One supplier was experiencing delays of 24-32 hours in Gibraltar and Algeciras on Wednesday, according to port agent MH Bland.

Bunkering was progressing normally in Las Palmas' outer anchorage on Wednesday, after being mostly suspended last week due to rough weather conditions. Both inner and outer anchorages were open for bunkering on Wednesday, MH Bland said.

All grades remain in tight availability for prompt dates in other Mediterranean ports of Malta, Piraeus and Istanbul, a trader said. Most suppliers in Piraeus are offering fuel grades for non-prompt delivery dates.

Wind gusts of up to 24 knots are forecast to hit Malta in periods between Wednesday and Thursday, which could complicate deliveries there, the trader added.

Africa

LSMGO is very tight at the South African ports of Richards Bay and Durban. Lead times of more than 10 days are recommended in both ports, a trader said. VLSFO availability is relatively better and lead times of up to seven days are still recommended for the grade.

Offshore bunkering has remained suspended at the Algoa Bay anchorage for over a month now. The deliveries came to a standstill after the South African Revenue Service (SARS) detained bunker barges over import duty disputes in September.

Discussions are taking place between bunker suppliers and South African authorities to resolve the offshore bunkering crisis, a port agent told ENGINE. The outcome of these discussions is expected to be announced in December.

Meanwhile, bunkering is progressing normally in the adjacent Port Elizabeth, where one supplier is delivering stems, the port agent added.

By Manjula Nair

Photo credit and source: ENGINE
Published: 16 November, 2023

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Bunker Fuel

Baltic Exchange: Bunker Report (22 February, 2024)

Bunker report panellists include Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S, KPI OceanConnect and Transparensea Fuels.

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Baltic Exchange: Bunker Report (22 February, 2024)

The following bunker report has been provided by freight market information provider Baltic Exchange for post on Singapore bunkering publication Manifold Times:

Commentary:

All values are in US$/metric ton, all-in (invoice price), delivered on board
Delivery in 7-10 days
ISO 8217:2010
IFO 380 3.5% Sulphur
IFO 380 0.5% Sulphur
DMA 0.1% Sulphur

Rotterdam – Waalhaven – Maasvlakte range
Houston – Houston Harbor
Singapore – Anchorage, under SBA Scheme
Fujairah – Offshore Anchorage Area

Submitted weekly at Close of Business on Thursdays

Panellists:
Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S, KPI OceanConnect, Transparensea Fuels

 

Photo credit and source: Baltic Exchange
Published: 23 February, 2024

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Bunker Fuel

ENGINE: Americas Bunker Fuel Availability Outlook (22 Feb 2024)

Availability improves in Houston; bad weather could impact Zona Comun bunkering; tight availability off Trinidad.

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RESIZED ENGINE Americas

The following article regarding bunker fuel availability in the Americas region has been provided by online marine fuel procurement platform ENGINE for post on Singapore bunkering publication Manifold Times:

  • Availability improves in Houston
  • Bad weather could impact Zona Comun bunkering
  • Tight availability off Trinidad

North America

Bunker demand has been strong this week in Houston and several other ports along the US Gulf Coast. Availability of all fuel grades has improved this week for prompt supply in Houston. VLSFO and LSMGO grades are generally in good supply with suppliers in the Houston area. Most suppliers can deliver stems with lead times of 5-7 days. HSFO needs a longer lead time of more than seven days.

Availability of VLSFO and LSMGO has also improved for prompt dates in Bolivar Roads. However, deliveries are still subject to weather conditions and anchorage schedules, a source says. One supplier is able to deliver LSMGO stems in the area with a lead time of five days.

Calmer weather conditions in the Galveston Offshore Lightering Area (GOLA) have allowed suppliers to smoothly carry out bunker operations after previous bad weather-triggered disruptions. Nevertheless, strong wind gusts of up to 34 knots are forecast for Thursday, which could impact bunkering.

Some suppliers in GOLA can supply VLSFO and LSMGO grades with lead times of 4-5 days.

Demand has slowed in the West Coast ports of Long Beach and Los Angeles, after demand rose last week. Lead times of more than seven days are generally recommended for VLSFO and LSMGO deliveries.

Suppliers are able to deliver LSMGO and VLSFO stems within 3-4 days of lead time in the East Coast port of New York.

Caribbean and Latin America

VLSFO and LSMGO prompt availability is normal in Panama’s Balboa and Cristobal. Several suppliers can offer stems within 3-5 days of lead time. Bunker demand has been low at both ports.

Prompt availability of VLSFO and LSMGO is tight off Trinidad. One supplier is unable to offer LSMGO and HSFO stems for delivery dates before 8 March.

Prompt VLSFO and LSMGO supply has remained very tight in Argentina’s Zona Comun. Strong wind gusts are forecast to hit the region over the weekend, which could cause prolonged delays and disruptions, a source says.

By Debarati Bhattacharjee

 

Photo credit and source: ENGINE
Published: 23 February 2024

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Bunker Fuel Availability

ENGINE: Europe & Africa Bunker Fuel Availability Outlook (21 Feb 2024)

Rough weather off Skaw may impact bunkering; non-prompt availability is good in Canary Islands; LSMGO running dry in Durban.

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RESIZED ENGINE Europe and Africa

The following article regarding Europe and Africa bunker fuel availability has been provided by online marine fuel procurement platform ENGINE for post on Singapore bunkering publication Manifold Times:

  • Rough weather off Skaw may impact bunkering
  • Non-prompt availability is good in Canary Islands
  • LSMGO running dry in Durban

Northwest Europe

In the ARA hub, availability is normal across all grades. Lead times of 4-6 days are recommended for HSFO and 5-7 days for VLSFO, a trader says. Meanwhile, LSMGO availability is normal for prompt delivery dates with 2-4 days of lead times.

The ARA’s independently held fuel oil stocks have averaged 3% lower so far this month than across January, according to Insights Global data.

The region has imported 121,000 b/d of fuel oil in February so far, down from 222,000 b/d in January, according to cargo tracker Vortexa data. The ARA hub has imported low-sulphur fuel oil (LSFO) and HSFO in a 63/37 ratio in February so far, unlike in January, when the ratio was tilted more towards HSFO at 48/52.

Sweden continues to be the ARA hub’s biggest fuel oil import source so far this month, accounting for 22% of the ARA’s total imports. The UK (20%) has ranked second, followed by Germany (17%), Poland (16%) and Denmark (11%).

The ARA hub’s independent gasoil inventories — which include diesel and heating oil — have increased by 6% so far this month. The ARA has imported 203,000 b/d so far this month, down from 399,000 b/d of gasoil imported in January.

In the German port of Hamburg, lead times of 3-5 days are still recommended for all three grades.

Off Skaw, HSFO is available only for non-prompt delivery dates and can require lead times of 7-10 days. VLSFO and LSMGO grades are available with comparatively shorter lead times of 5-7 days. Adverse weather is forecast off Skaw for the remaining days of this week and could disrupt bunkering, port agent MH Bland said.

Mediterranean

In Gibraltar, lead times of 6-8 days are recommended for HSFO and 5-6 days for VLSFO. LSMGO can be secured with shorter lead times of 2-4 days. Strong wind gusts of 25-28 knots are forecast to hit the Gibraltar Strait between Thursday and Friday. High winds could impact bunkering in the ports there.

In Ceuta, VLSFO and LSMGO availability are normal. Most suppliers can offer both grades for prompt delivery dates, according to a source.

Availability is normal for non-prompt delivery dates in the Canary Islands ports of Las Palmas and Tenerife. Bunkering in Las Palmas was disrupted on Wednesday because of wind gusts of nearly 25 knots and waves of over 1.5 meters, according to a source.

Rough weather conditions off Malta are likely to impact bunkering at some anchorage locations on Wednesday and over the weekend. Most suppliers can deliver stems for prompt dates, but these deliveries are subject to weather conditions, a trader told ENGINE.

In the Greek port of Piraeus, availability has improved for all grades. The weather is currently calm at the port, but strong wind gusts in the range of 21-31 knots are forecast in the area over the weekend.

Bunker fuel availability is normal in the Turkish port of Istanbul at the moment, with suppliers able to offer grades for prompt delivery dates. Calm weather is forecast for the rest of this week.

Meanwhile, bunkering is progressing normally in the Portuguese ports of Lisbon and Sines. VLSFO and LSMGO availability are normal in these ports.

Africa

LSMGO supply is dry at both Durban and Richards Bay in South Africa. VLSFO supply is available, but lead times of up to two weeks are recommended for the grade, according to a trader.

As a result, several vessels are diverting towards Port Louis for bunkering. However, bunkering in the Mauritius port can be difficult at the moment because of a cyclone warning. Bunker operations in the anchorage area were suspended on Wednesday. Port Louis is unlikely to resume operations before 24 February, which could lead to bunker congestion, MH Bland said.

By Manjula Nair

 

Photo credit and source: ENGINE
Published: 22 February, 2024

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