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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

HSFO supply remains tight in Gibraltar Strait ports; ARA fuel oil stocks add more weight, gasoil drawn further; suppliers working through backlog 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:

22 June 2022

  • HSFO supply remains tight in Gibraltar Strait ports
  • ARA fuel oil stocks add more weight, gasoil drawn further
  • Suppliers working through backlog in Algoa Bay

 

Northwest Europe

VLSFO and LSMGO availability seems normal in ARA ports, while HSFO is tight for prompt delivery, sources say.

The recommended lead time for VLSFO and LSMGO is around three days, while HSFO requires a minimum of five days for delivery in the ARA, they say.

Independently held fuel oil stocks in the ARA added more weight last week with continuous inflows from Russia.

Fuel oil stocks increased by 460,000 bbls to 8.02 million bbls in the week to 16 June, while gasoil inventory decreased by 340,000 bbls to 10.61 million bbls, according to Insights Global data.

The region’s fuel oil stocks have gradually been increasing since a steep fall in April, and gained 47% in volume since then. Meanwhile, the ARA’s gasoil stocks plunged to fresh eight-year lows in the week to 16 June.

Russia is still estimated to be the top source of fuel oil cargoes for ARA importers, accounting for 42% of their total imports in the two first weeks of June, according to cargo tracker Vortexa.

The Port of Rotterdam said last week that the latest set of sanctions imposed by the EU on Russia have “not (yet) affected” its energy imports due to a transition period for phasing out Russian imports of energy products.

On 3 June, the European Council announced a sixth sanction package, prohibiting imports of crude and oil products from Russia. Seaborne crude imports will be phased out over six months, oil products over eight months.

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

In Bremerhaven, supply of LSMGO is good while prompt deliveries of VLSFO and HSFO are more difficult to find there, a source says.

 

Mediterranean

HSFO supply is under pressure for prompt delivery in the Gibraltar Strait ports, sources say.

Few suppliers in the Strait currently have HSFO stocks and are offering the grade in limited quantity. However, availability of LSMGO is said to be normal, with a recommended lead time of around four days.

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

In Ceuta, availability of LSMGO seems normal, requiring lead time of around four days, a source says. Slight congestion was reported in Ceuta on Wednesday, where two vessels were waiting to bunker at anchorage and 11 more were scheduled to arrive, agent Jose Salama & Cia says.

In Malta, all bunker operations are running normally in Area 3 amid conducive weather conditions, Seatrans Shipping agency says.

Availability of VLSFO and LSMGO seems normal in Malta, as some suppliers are offering deliveries on prompt dates, a source says.

 

Africa

Bunker supplies remain tight in Durban and prompt deliveries of both VLSFO and LSMGO are hard to find, source say.

Some suppliers are expecting replenishment to arrive next week, which could ease pressure on supplies, a source says.

Bunkering is in progress in Algoa Bay, where suppliers have gradually been clearing a backlog of vessels, according to Rennies Ships Agency.

Adverse weather conditions during most part of the last week had built a considerable backlog of vessels in Algoa Bay and Port Elizabeth. Bunkering resumed in the bay on 16 June, after a suspension on 15 June due to rough weather conditions.

There were four vessels waiting to bunker in Algoa Bay and Port Elizabeth, and four more due to arrive later in the day on Wednesday, Rennies Ships Agency says. An additional 15 vessels are scheduled to arrive between Thursday and Sunday, it says.

Bunker fuel availability is normal in Algoa Bay, but erratic weather conditions remain a concern there, a source says. Strong winds and high swells are forecast in the bay between Friday and Saturday, which could disrupt bunker operations again.

 

Photo credit: ENGINE
Published: 23 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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