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Bunker Fuel Availability

ENGINE: Europe & Africa Bunker Fuel Availability Outlook (29 Nov 2023)

HSFO supply improves in the ARA; prompt VLSFO availability tight in Piraeus; LSMGO is 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:

  • HSFO supply improves in the ARA
  • Prompt VLSFO availability tight in Piraeus
  • LSMGO is tight in Durban and Richards Bay

Northwest Europe

VLSFO availability has tightened in the ARA hub, a trader said. Lead times of 5-7 days are recommended to ensure full coverage from all suppliers, up from 3-5 days in the previous week.

HSFO supply has shown signs of improvement in the ARA hub in recent days. Some suppliers are now able to offer the grade with lead times of less than three days. However, for smooth coverage, lead times of 5-7 days are still recommended.

The ARA’s independently held fuel oil stocks have averaged 14% higher so far this month, than in October, according to Insights Global data. The stocks have grown to three-month highs despite indications of lower imports.

According to cargo tracker Vortexa, the region has imported 225,000 b/d of fuel oil so far this month, down from 243,000 b/d imported in October.

The UK has emerged as the ARA's biggest fuel oil import source this month, accounting for 22% of the region's total imports. Fuel oil imports from Turkey accounted for 21% of the total imports, followed by Lithuania (10%). ARA has also sourced its fuel oil imports from Poland (6%) and Germany (5%).

Meanwhile, the ARA hub’s independent gasoil inventories — which include gasoil and heating oil — have declined by 4% this month.

HSFO availability remains tight for delivery off Skaw, partly because of fewer suppliers offering the grade. Lead times of 7-10 days are recommended for the grade.

LSMGO availability is very tight in the Norwegian port of Oslo. The grade is typically delivered by trucks and lead times of 5-7 days are recommended there, a trader says.

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

Mediterranean

Prompt HSFO supply is available in Gibraltar, with some suppliers having adequate product available to cater to prompt enquiries. Lead times of up to three days are recommended for HSFO, down from 4-6 days in the previous week.

Lead times of 3-5 days are recommended for VLSFO and LSMGO deliveries in Gibraltar, a trader says.

VLSFO and LSMGO availability is good in the Portuguese ports of Lisbon and Sines, according to a source.

Due to rough weather conditions off Malta, bunker supply was only available in the more sheltered bunkering area four out of the six bunkering areas on Wednesday, port agent MH Bland said. The forecast for persistent rough weather over the coming days and through the weekend suggests that bunker operations could remain disrupted, potentially extending delivery lead times further ahead.

Some suppliers are able to supply small quantities of bunkers for prompt delivery dates off Malta as and when weather permits. Meanwhile, one supplier can offer the earliest delivery by 5 December for all three grades, a trader says.

VLSFO availability is tight in the Greek port of Piraeus. The earliest delivery date with a supplier for the grade is 5 December.

Adverse weather conditions have also impacted bunkering in the Turkish port of Istanbul. Strong winds and heavy swells have prevailed in the region since the end of last week, a source said.

Turkey’s Ceyhan and Iskenderun Bay areas have also been experiencing bad weather since Saturday. This has disrupted smooth bunker deliveries there, according to the source.

Africa

LSMGO supply remains tight in the South African ports of Richards Bay and Durban. Recommended lead times for the grade are more than ten days at both ports, according to a trader.

VLSFO availability is relatively better and lead times of up to 5-7 days are recommended in both Richards Bay and Durban.

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

Negotiations between offshore bunker suppliers and authorities have reached an advanced stage and a decision may be announced in December, a port agent told ENGINE. 

Meanwhile, bunker supply is available in the adjacent Port Elizabeth, where only one supplier is delivering stems, the port agent added.

Bunker demand has spiked in Mozambique's ports of Nacala and Maputo in recent months because of the ongoing bunkering crisis in Algoa Bay. One supplier has recently received a new VLSFO cargo at Nacala, which could ease supply pressure and help cater to increased demand.

“The arrival of a new VLSFO cargo at Nacala has helped ease supply pressure and reduce lead times for booking stems,” the supplier said.

Availability is good for all three bunker grades in Nacala. Meanwhile, VLSFO availability is tight in Maputo with one supplier able to supply the grade from 7 December. LSMGO availability is normal in the port.

By Manjula Nair

Photo credit and source: ENGINE
Published: 30 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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