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Bunker Fuel Availability

ENGINE: Europe & Africa Bunker Fuel Availability Outlook (18 Oct 2023)

HSFO availability is tight in Singapore; VLSFO and LSMGO availability is good in several Chinese ports; bunker demand is good in Fujairah.

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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:

  • HSFO availability is tight in Singapore
  • VLSFO and LSMGO availability is good in several Chinese ports
  • Bunker demand is good in Fujairah

Singapore

A source says Singapore has been witnessing “average” demand so far this week. Several suppliers are recommending lead times of 8-10 days for VLSFO – almost unchanged from last week.

HSFO availability has tightened in the port, with lead times going up from 7-9 days last week to 10-12 days now. Lead times of LSMGO remain virtually unchanged at 3-7 days.

Singapore’s residual fuel oil stocks have averaged 11% lower so far in October than across September, according to Enterprise Singapore. The port’s net fuel oil imports have dipped by 1% so far this month. Meanwhile, both imports and exports are up this month. The port’s fuel imports have increased by 20%. Fuel oil exports have jumped 77% and to their highest level since January this year.

The Southeast Asian bunker hub’s middle distillate stocks, on the other hand, have averaged 4% higher so far this month than in September.

China, East Asia and Oceania

Some suppliers have almost run out of HSFO stocks in Zhoushan, but low demand for the grade has somewhat prevented the tightness from becoming too severe, a source says. Lead times of 3-5 days are recommended for the grade. VLSFO and LSMGO remain in good availability in the port, with suppliers advising very short lead times of 2-5 days – almost unchanged from last week.

Both grades remain in ample supply in the northern Chinese port of Dalian. The nearby port of Tianjin has good availability of VLSFO, but LSMGO and HSFO remain under pressure, and deliveries are subject to enquiry. Prompt VLSFO and LSMGO availability remains tight in the other northern Chinese port of Qingdao, while HSFO is subject to enquiry.

VLSFO and LSMGO prompt supply remains tight in the southern Chinese ports of Shanghai and Xiamen as well. HSFO supply has been under pressure in Shanghai as it has been in recent weeks.

Both VLSFO and LSMGO remain in tight availability in the southeastern port of Fuzhou, with deliveries subject to enquiry. On the other hand, the availability of both grades remains good in the ports of Guangzhou and Yangpu.

All grades remain in good availability in Hong Kong, as it has been in recent weeks. Lead times of 5-7 days are recommended for all bunker fuel grades in the port.

Strong wind gusts of 24-28 knots and swells of close to a metre are predicted to hit Hong Kong on Wednesday and Thursday, which might hamper bunker deliveries.

The South Korean ports of Ulsan, Onsan, Busan, Daesan, Taean and Yeosu face possible disruptions from strong winds and high waves from Friday to Sunday.

VLSFO availability has become tighter in South Korean ports, a source says. This is primarily due to a decrease in VLSFO imports and some suppliers selling out most of their stocks at the beginning of the month. As a result, most suppliers are running low on stocks, the source adds.

Lead times of VLSFO vary widely between 3-12 days – almost doubling from 4-6 days last week. LSMGO and HSFO lead times also vary widely between 3-12 days in South Korean ports.

Adverse weather conditions are predicted in the Vietnamese port of Hai Phong between 20-21 Oct, and the Kiwi port of Tauranga on Tuesday, which might impact bunkering operations at these ports.

South Asia

VLSFO and LSMGO availability remains good in Kandla on the northwest coast of India and Cochin on the southern coast, with a short lead time of 2-3 days recommended.

However, both grades remain very tight in the Indian ports of Mumbai, Visakhapatnam, Haldia and Paradip, with delivery dates mostly subject to availability, a source says. On the other hand, bunker deliveries remain subject to enquiry Tuticorin on the southeast coast.

Middle East

Prompt availability across all grades remains tight in Fujairah. Most suppliers recommend lead times of around 5-7 days. Some can still offer prompt dates depending on stem sizes, a source says.

Availability of all grades remains good in the other UAE port of Khor Fakkan, with lead times of 5-7 days.

By Tuhin Roy

Photo credit and source: ENGINE
Published: 19 October, 2023

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Bunker Fuel

Baltic Exchange: Bunker Report (28 May 2024)

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

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Baltic Exchange: Bunker Report (28 May 2024)

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

Note:

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 UK time, on Tuesday & Thursdays

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

 

Photo credit and source: Baltic Exchange
Published: 29 May, 2024

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Bunker Fuel

ENGINE: East of Suez Bunker Fuel Availability Outlook (28 May 2024)

HSFO supply is tight in Zhoushan; LSMGO and VLSFO availability is good across several Chinese ports; several South Korean ports could face weather disruptions.

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RESIZED ENGINE East of Suez

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:

  • HSFO supply is tight in Zhoushan
  • LSMGO and VLSFO availability is good across several Chinese ports
  • Several South Korean ports could face weather disruptions

Singapore and Malaysia

Lead times for VLSFO in Singapore have experienced notable fluctuations recently. Most suppliers recommend lead times of up to nine days for this grade, while some can accommodate stems in as little as two days in port. This has improved from the week prior, when traders recommended longer lead times ranging between 5-10 days.

HSFO supply remains limited in the port, with recommended lead times unchanged at 9-12 days. Lead times for LSMGO vary widely, ranging between 2-8 days.

Singapore’s residual fuel oil stocks have averaged 7% lower so far in May compared to April, according to Enterprise Singapore. Despite a significant 25% increase in the port's net fuel imports this month, Singapore’s fuel oil stocks have fallen below 19 million bbls. Fuel oil imports have increased by 1 million bbls, surpassing the 106,000-bbl growth in exports this month. The port’s middle distillate stocks have also declined, averaging 3% lower for the month.

In Malaysia's Port Klang, VLSFO and LSMGO grades are readily available, with recommended lead times of 3-5 days. Some suppliers can provide even faster deliveries for smaller parcel sizes. However, HSFO availability remains constrained due to limited product availability.

In the Indonesian ports of Jakarta and Surabaya, the availability of VLSFO and LSMGO remains good. Additionally, the port of Balikpapan has an ample supply of VLSFO, with recommended lead times of around four days.

China, East Asia and Oceania

Prompt availability of VLSFO and LSMGO grades remains constrained in Zhoushan, with suppliers recommending lead times of 5-7 days, unchanged from last week. HSFO supply has tightened due to the suspension of operations at the Dading oil terminal after a recent oil spill incident. Most suppliers are advising lead times of over two weeks for HSFO there, according to a source.

In Northern China, the availability of VLSFO and LSMGO grades is said to be good in the Dalian port. Similarly, both grades are readily available in Qingdao and Tianjin, though HSFO supply is limited in these ports. In Shanghai, VLSFO and LSMGO availability remain normal, while HSFO supply has been scarce. In Fuzhou and Xiamen, VLSFO and LSMGO grades are readily available. In Guangzhou and Yangpu, prompt availability of both low-sulphur fuel grades remains limited.

In Taiwanese ports including Hualien, Kaohsiung, Taichung and Keelung, the availability of VLSFO and LSMGO remains good, with lead times remaining at 2-3 days.

In Hong Kong, all grades are readily available, with recommended lead times of 3-5 days, while certain suppliers can provide faster deliveries for smaller parcel sizes.

Strong wind gusts of 21-27 knots and swells of close to two metres are forecast to hit the port between Tuesday and Wednesday, which might impact bunker deliveries in Hong Kong.

In South Korean ports, bunker demand has seen an improvement compared to last week, according to a source. Lead times for VLSFO and LSMGO range between 3-10 days, contrasting with the shorter lead times of around four days observed last week. HSFO availability has become tighter, with most suppliers recommending lead times of 8-10 days – a significant increase from around four days last week.

Bunker operations in several South Korean ports, including Ulsan, Onsan, Busan, Daesan, Taean, and Yeosu, may experience intermittent bunkering disruptions throughout the week due to anticipated adverse weather conditions.

High bunker prices in Japanese ports continue to dent bunker demand in the country. Tokyo's VLSFO was priced about $27-28/mt higher than VLSFO prices in Zhoushan and Singapore on Tuesday. Lead times varied widely across major Japanese ports, with approximately seven days in Tokyo, Chiba, Osaka, Kobe Nagoya, and Yokkaichi, and longer periods ranging from 11-15 days in Mizushima and Oita.

In Western Australia, suppliers in Kwinana and Fremantle ports can offer VLSFO and LSMGO, typically with lead times ranging from 7-8 days. In New South Wales, LSMGO is readily available in Sydney, while HSFO supply is mostly available upon enquiry. In Victoria, Melbourne offers good availability of VLSFO and LSMGO, with ample VLSFO supply also found in Geelong. However, prompt HSFO supply can be limited in both Victorian ports.

In Queensland, Brisbane and Gladstone ports maintain sufficient stocks of VLSFO and LSMGO, with lead times of 7-8 days. HSFO availability remains constrained in Brisbane.

In New Zealand, VLSFO supply in Tauranga and Auckland is ample, and LSMGO supply remains satisfactory in Auckland. Anticipated adverse weather conditions in Tauranga from Tuesday to Friday may impact bunker operations.

Likewise, rough weather is predicted in the Thai ports of Koh Sichang and Leam Chabang on Saturday, potentially posing challenges for bunker deliveries in these ports.

South Asia

In several Indian ports, including Mumbai, Kandla, Tuticorin, Chennai, Cochin, Visakhapatnam, and Haldia, availability of VLSFO and LSMGO has been limited due to supply shortages. One supplier in Paradip is nearly depleted of VLSFO and LSMGO stocks.

Vessel movements and cargo operations at Haldia resumed on Tuesday following the passing of cyclone Remal, which transitioned from a cyclonic storm on Monday to a deep depression by Tuesday, as reported by GAC Hot Port News.

Adverse weather conditions are expected intermittently throughout the week at Sikka, Kandla, and Cochin ports in India, potentially disrupting bunker operations.

The Sri Lankan port of Colombo offers abundant VLSFO and LSMGO supply, with lead times of around two days recommended there. Adverse weather conditions may impact bunker deliveries at the port between Tuesday and Friday.

Middle East

At the UAE port of Fujairah, bunker demand for all grades remains low. However, availability for immediate delivery is still limited, with most suppliers requiring lead times of 5-7 days.

Similarly, at the UAE port of Khor Fakkan, lead times of 5-7 days are common among suppliers.

In Saudi Arabia's Jeddah port, there is enough supply of VLSFO and LSMGO. In Djibouti, some suppliers are facing shortages of VLSFO, although LSMGO remains unaffected.

LSMGO is easily accessible in Omani ports, including Sohar, Salalah, Muscat, and Duqm.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 29 May 2024

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Bunker Fuel

ENGINE: Americas Bunker Fuel Availability Outlook (23 May 2024)

Good availability in Houston; low demand in New York; availability remains tight in Rio Grande.

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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:

  • Good availability in Houston
  • Low demand in New York
  • Availability remains tight in Rio Grande

North America

Bunker demand has started to pick up again in Houston this week, after subdued demand noted in the previous week. Availability of all grades is normal, and most suppliers are able to timely deliver stems due to good weather conditions.

Currently, most suppliers are able to offer VLSFO and LSMGO stems with a lead time of 3-4 days, down from last week’s 5-6 days. HSFO can also be secured within five days of lead time, a source says.

Prompt supply of VLSFO and LSMGO is also available in Bolivar Roads and Beaumont. However, bunker deliveries are subject to weather conditions and the availability of anchorage space in both locations, a source says.

Strong wind gusts of up to 29 knots were reported in the Galveston Offshore Lightering Area (GOLA) on Thursday morning. Despite this, bunkering was mostly unaffected in GOLA.

Demand has been good in GOLA this week, and several suppliers are offering stems for prompt dates as well as for dates further out.

Demand has dropped in the West Coast ports of Long Beach and Los Angeles. VLSFO and LSMGO availability have held better in both ports. One supplier can offer LSMGO stems with a lead time of 3-4 days. Lead times of 5-7 days are still recommended for the grade to ensure full coverage from suppliers and in order to avoid price premiums for faster deliveries, a trader said.

All grades remain in normal supply for prompt dates in the East Coast port of New York. Overall, bunker demand has slowed in New York this week.

Port operations and bunkering activities have returned to normal in Baltimore after the cargo ship Dali was successfully removed on Monday. The port has not yet seen a significant increase in bunker demand, but traders anticipate more demand in June.

Caribbean and Latin America

Bunker fuel demand has dropped in Panama's Balboa port this week compared to robust demand observed in the previous weeks. Product availability is good, with several suppliers able to supply all fuel grades with a lead time of 3-4 days.

Prompt availability of both VLSFO and LSMGO has been tight off Trinidad, and delivery prospects are mostly subject to enquiries, a source says. The earliest delivery dates with one supplier can stretch out to the first week of June.

VLSFO and LSMGO grades are available at Argentina’s Zona Comun anchorage, with recommended lead times of 6-7 days. Bunker demand has been good in the past week. While calmer weather conditions have enabled suppliers to deliver stems on time, adverse weather is predicted to hit the region on Thursday evening, potentially affecting bunker operations in Zona Comun.

Bunker fuel availability has been normal in the Brazilian ports of Santos, Salvador and Paranaguá. Several suppliers are able to offer stems with a lead time of 5-6 days. In other Brazilian ports like Rio de Janeiro, Rio Grande and Itaqui availability remains tight.

In Rio Grande, availability remains tight because of recent flooding in the area. Bunkering is available in the anchorage and berth areas, but these deliveries are subject to approval from the port authority, a source says.

By Debarati Bhattacharjee

 

Photo credit and source: ENGINE
Published: 24 May, 2024

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