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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

ARA gasoil stocks rise on Middle East and Asian inflows; bunkering resumes in Gibraltar Strait ports; prompt VLSFO tight amid strong demand in Nacala.

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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 February 2023

  • ARA gasoil stocks rise on Middle East and Asian inflows
  • Bunkering resumes in Gibraltar Strait ports
  • Prompt VLSFO tight amid strong demand in Nacala

 

Northwest Europe

LSMGO availability has improved since last week in the ARA bunkering hub. Some suppliers are now offering deliveries for prompt dates, sources say.

Meanwhile, prompt availability of VLSFO and HSFO is still tight in the region, they say. Lead times of 4-5 days are advised for VLSFO delivery in Rotterdam, while HSFO requires around 5-6 days. HSFO delivery prospects in the region are subject to enquiries, a source says.

The ARA’s independently held gasoil stocks - which include diesel and heating oil - have averaged 15% higher so far this month than in January as importers have pulled large volumes from the Middle East and Asian countries to substitute banned Russian products.

The region’s gasoil inventories have risen to their highest level in the past year and are above their five-year average position for this time of year, according to Insights Global data.

The EU's ban on imports of refined Russian oil products kicked in from 5 February, and Vortexa has not picked up any Russian gasoil cargo inflows into the ARA so far this month.

Saudi Arabia has been the top source for ARA's gasoil and diesel imports since last month, Vortexa data shows. Gasoil and diesel imports from Saudi Arabia have accounted for nearly a quarter of the ARA's total between January and this month, up from a 4% share in December.

India has replaced Russia to emerge as the ARA's second biggest source of gasoil imports with 17% of the total this month, followed by China (16%), South Korea (9%) and Singapore (7%).

The ARA’s independent fuel oil stocks have averaged 3% lower so far this month than in January and have remained below their five-year average position for the year. No Russian fuel oil cargo imports to the ARA have been picked up by Vortexa since January. This suggests that Russian fuel oil imports were phased out in January, after making up 10% of the ARA's total in December.

In Germany’s Hamburg, prompt supply of VLSFO and LSMGO is normal, while HSFO delivery prospects remain subject to enquiry, a source says.

Bunker fuel supply is normal-to-tight for prompt dates off Skaw, requiring lead times of up to seven days, a source says. Securing prompt delivery of HSFO can be difficult there, the source adds.

 

Mediterranean

Prompt supply is tight in Gibraltar Strait ports this week as most suppliers are busy clearing backlogs after weather disruptions last week, sources say. Bunkering resumed with better weather this week.

In Gibraltar, the backlog of vessels waiting to bunker had come down to eight on Wednesday morning, from 20 on Monday, according to port agent MH Bland. Congestion was reported in Algeciras as well, where eight vessels were waiting to bunker, MH Bland says. All three suppliers in Algeciras were running behind schedule on Wednesday, it said.

Bunkering at anchorage in Ceuta resumed on Monday after being suspended last week due to rough weather. One bunker supplier has a busy delivery barge schedule this week, a source says.

Bunker fuels availability is said to be tight Ceuta and Malta. Most suppliers in these locations are not fixing new stems until the end of this week, a source says.

Securing prompt deliveries will also be difficult in the Greek port of Piraeus this week. This could be because strong congestion in key Gibraltar Strait ports has diverted bunker calls to Piraeus, a source says.

Bunkering has been in progress in Las Palmas this week amid conducive weather. VLSFO supply is said to be normal there, a source says.

Bunker operations have been suspended in Turkey’s Port of Iskenderun since 6 February after a deadly earthquake hit Turkey and Syria, according to sources. Iskenderun's port infrastructure suffered a severe damage from the earthquake, which was followed by a major fire incident.

Iskenderun has since been used to receive shipments of food, medical supplies, vehicles and construction machines to carry out rehabilitation work in nearby cities.

It might take weeks or months for Iskenderun to resume bunkering and other port operations, a source says. Meanwhile, bunkering is progressing as normal in Istanbul, a source says.

 

Africa

Bunkering resumed in Algoa Bay on Wednesday morning after being suspended by rough weather on Tuesday, according to Rennies Ships Agency. Swells came down to around 3 metres in Algoa Bay on Wednesday, from 5 metres on Tuesday, which allowed suppliers to resume bunker deliveries there.

17 vessels are scheduled to arrive for bunkers in Port Elizabeth and Algoa Bay this week, Rennies says. Conducive weather conditions are forecast to prevail through this week.

Bunker fuel availability is said to be normal in Algoa Bay and normal-to-tight in Durban. Recommended lead times for VLSFO and LSMGO deliveries in Durban are around seven days, a source says.

Meanwhile, supply of the two products is said to be currently tight in Cape Town. Recommended lead times for VLSFO and LSMGO deliveries in Cape Town are around 10 days, a source says.

Prompt supply of VLSFO is tight in in Mozambique’s Nacala port amid strong demand, while LSMGO availability is normal there, a source says.

Supply of the two grades is said to be normal in Mozambique’s capital port city of Maputo.

Bunker deliveries are going ahead as normal across the two ports in Mozambique, where a total of six vessels are due to arrive for bunkers this week, down from 10 last week.

By Shilpa Sharma

 

Photo credit and source: ENGINE
Published: 23 February, 2023

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Winding up

Singapore: Liquidators arrange creditors meeting for Otto Marine Limited

Meeting will be held from 3pm on 24 July at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095, according to Government Gazette notice.

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A meeting for creditors of Otto Marine Limited, which is in liquidation, has been scheduled to take place on 24 July, according to a Government Gazette notice on Thursday (11 July). 

The meeting will be held from 3pm at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095

The agenda of the meeting will be as follows:

  • To update on the liquidation administration;
  • To approve the Liquidators’ fees and disbursements;
  • To approve the declaration of preferential dividend(s) pursuant to Section
  • 328(1)(b) to 328(1)(f) of the Companies Act, Cap. 50;
  • To consider and if thought fit, to appoint a committee of inspection; and
  • Any other business.

The details of the liquidators are as follows: 

Chee Yoh Chuang
Lin Yueh Hung
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: steve pb from Pixabay
Published: 12 July, 2024

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LNG Bunkering

Titan completes first STS LNG bunkering operation in Cuxhaven

Port of Cuxhaven in Germany had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth, says Titan.

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Titan completes first STS LNG bunkering operation in Cuxhaven

LNG bunker fuel supplier Titan on Thursday (11 July) said it completed the first-ever LNG bunkering operation by ship in the port of Cuxhaven.

Titan’s bunker vessel Optimus successfully delivered LNG to dredger Vox Ariane operated by its long-term client Van Oord. 

“Our ship-to-ship bunkering in Cuxhaven represents a pioneering step in the region's LNG infrastructure development, as the port had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth,” it said in a social media post. 

“LNG infrastructure development is part of a broader trend, with more ports across Germany adopting LNG operations to support shipping’s clean fuels transition.”

Titan added the improved LNG bunkering capabilities in Cuxhaven, a Niedersachsen Ports GmbH & Co. KG port, also opened up the pathway to maritime decarbonisation via liquified biomethane (LBM) and then renewable e-methane going forward.

 

Photo credit: Titan
Published: 12 July, 2024

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LNG Bunkering

UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Firm said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier in the Port of Drammen, Norway.

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UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Norwegian roll-on/roll-off shipping line United European Car Carriers (UECC) on Wednesday (10 July) said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier Auto Achieve in the Port of Drammen on 4 July.

The firm said this was the first time UECC received LNG by barge to any of their vessels in their home country Norway. 

“We also believe that it was the first time LNG was delivered by barge to any vessel in Drammen, and most likely the entire Oslofjord,” UECC said in a social media post.

The LNG was supplied by the Molgas Energy Holding vessel Pioneer Knutsen, owned by Knutsen Group OAS.

“UECC is very pleased to see the expansion of the LNG barge network in Norway,” it said. 

 

Photo credit: UECC
Published: 12 July, 2024

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