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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

HSFO supply remains tight in Gibraltar Strait ports; ARA fuel oil stocks growing, gasoil drawn further; bunkering suspended by rough weather in Algoa Bay

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ENGINE Europe

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:

15 June 2022

  • HSFO supply remains tight in Gibraltar Strait ports
  • ARA fuel oil stocks growing, gasoil drawn further
  • Bunkering suspended by rough weather in Algoa Bay

 

Northwest Europe

VLSFO and LSMGO supply seems normal in ARA ports as more suppliers are now offering prompt deliveries. The recommended lead time for VLSFO is around three days.

Availability of HSFO is under pressure, requiring a minimum of five days for delivery, sources say.

Independently held fuel oil stocks in the ARA increased by 880,000 bbls to 7.56 million bbls in the week to 9 June, while gasoil stocks fell by 290,000 bbls to 10.95 million bbls, according to Insights Global data.

The region’s fuel oil inventories have been bulking up since a slump in April, and gained 39% in volume since then. Its gasoil stocks have been drawn heavily in the past year, falling 41%.

Russia remains the top source of fuel oil imports for the ARA, accounting for 57% of the region’s total share in the first week of June, according to cargo tracker Vortexa. Its other sources of fuel oil import this month have included Ireland, UK, Germany, Poland and Finland.

Bunker fuel availability is normal in the German port of Hamburg, but supply of HSFO is under pressure, a source says. Very few suppliers are offering HSFO, and in limited quantities.

In Bremerhaven, supply of LSMGO is said to be good while prompt deliveries of VLSFO and HSFO are more difficult to find there, a source says. One supplier can typically offer prompt VLSFO and HSFO, depending on the quantity.

 

Mediterranean

Bunker supplies are under pressure in the Gibraltar Strait ports, particularly for HSFO, sources say.

The recommended lead time for HSFO delivery in Gibraltar is around seven days, while some suppliers can offer prompt delivery of VLSFO and LSMGO, a source says. Recommended lead times for VLSFO and LSMGO are around three days in Gibraltar.

Minimal congestion has been reported in Gibraltar this week. Two suppliers experiencing delays on Wednesday, port agent MH Bland says.

In Ceuta, bunker operations were running normally with minor congestion reported on Wednesday morning, agent Jose Salama & Cia says.

A barge that was taken out for drydock in Ceuta last week resumed operations from Monday. One vessel was waiting to bunker at anchorage in Ceuta on Wednesday, and two more were due to arrive.

In Malta, availability of VLSFO and LSMGO is under pressure, and prompt deliveries are difficult to find, a source says.

 

Africa

Supply of VLSFO is tight in Durban, where the recommended lead time for the grade is around two weeks, sources say.

Prompter deliveries of VLSFO can be hard to book in Durban, while LSMGO availability seems to be normal as some suppliers are offering the grade for prompt dates, the source adds.

Bunkering was suspended in Algoa Bay on Wednesday due to adverse weather conditions. There were seven vessels waiting to bunker in Algoa Bay and Port of Elizabeth, and three more due to arrive later in the day on Wednesday, Rennies Ships Agency says.

Additional 20 vessels are scheduled to arrive in Algoa Bay and Port of Elizabeth between Thursday and Sunday, it says. There is forecast of strong winds and gusts on Saturday, which could add to the bunker backlog, a source says.

 

Photo credit: ENGINE
Published: 16 June, 2022

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Newbuilding

Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.

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Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker

 

Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

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LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.

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Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.

 

Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

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Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

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Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.

 

Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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