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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Prompt VLSFO supply tight in the ARA; bunker barge availability tight off Skaw; HSFO supply limited in Las Palmas.

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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:

31 May, 2023

  • Prompt VLSFO supply tight in the ARA
  • Bunker barge availability tight off Skaw
  • HSFO supply limited in Las Palmas

 

Northwest Europe

VLSFO supply is said to be tight for prompt dates in the ARA ports. Lead times of at least five days are generally recommended to ensure full coverage from suppliers. Product loading delays at some terminals have largely contributed to VLSFO tightness in the region, a source says. Bunker barges are taking more time than usual to load products.

LSMGO prompt supply is relatively better in Antwerp and Rotterdam, however, securing prompt deliveries can be hard in Amsterdam, sources say. Two suppliers are unable to supply the grade due to a lack of product availability in Amsterdam. One supplier can supply LSMGO only for delivery dates in the second week of June, a source says.

Recommended lead times for HSFO in the ARA hub are around 5-7 days.

Independently held fuel oil stocks in the ARA have risen to near two-year high levels in May. The stocks have averaged 12% higher so far this month than across April, according to Insights Global data.

Meanwhile, the ARA’s gasoil inventories - which include diesel and heating oil – have managed to remain above 17 million bbls since February, partly due to higher imports from Saudi Arabia and India.

Availability of VLSFO and LSMGO is normal for delivery off Skaw. But prompt supply is mostly subject to enquiry due to tight barge availability, a source says. HSFO availability is relatively tighter there. Recommended lead times for all grades range between 7-10 days.

VLSFO and LSMGO availability is normal in the German port of Hamburg, with recommended lead times of five days. HSFO supply dates are subject to enquiry.

 

Mediterranean

Securing VLSFO for very prompt dates (0-2 days) can be difficult in Gibraltar Strait ports. Lead times of 4-5 days are recommended for the grade. LSMGO supply is relatively better, with some suppliers able to offer prompt deliveries.

One supplier in Gibraltar experienced delays of 8-12 hours on Wednesday due to non-availability of a bunker barge, according to port agent MH Bland.

Slight congestion was reported in Gibraltar on Wednesday, with seven vessels waiting for bunkers, MH Bland says. Meanwhile, minimal congestion was reported in Algeciras and Ceuta.

HSFO availability is tight for prompt dates in Las Palmas, primarily due to fewer suppliers supplying the product there, a source says.

Bunker fuel supply across all grades is said to be normal in Malta. Some suppliers can offer deliveries for prompt dates off Malta, but these deliveries are subject to firm enquiries, a source says.

VLSFO and LSMGO availability is normal in the Greek port of Piraeus. Lead times of around 5-6 days are generally recommended.

LSMGO availability is normal in Turkey’s Istanbul port, where a supplier can offer stems for prompt dates.

 

Africa

Bunker fuel availability is normal in Durban and Algoa Bay. But recommended lead times for VLSFO and LSMGO can stretch up to seven days for both locations, a source says.

Bunkering resumed in Algoa Bay on Wednesday after being suspended since Monday due to bad weather, according to Rennies Ships Agency. However, strong wind gusts are forecast to hit the bay again on Saturday, which could trigger another suspension.

Availability is normal across all grades in Mozambique’s Nacala port, a source says. However, prompt supply of VLSFO and LSMGO is tight in Maputo, requiring lead times of at least eight days.

By Nithin Chandran

 

Photo credit and source: ENGINE
Published: 1 June, 2023

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Events

DNV, VPS, ZeroNorth and Equatorial Marine Fuel among Marine Fuels 360 Award winners 

Informa Markets announced recipients to twelve open awards across four sectors – Shipping, Bunker Trade & Supply, Decarbonisation & Technology and Bunkering services – and three special awards.

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DNV, VPS, ZeroNorth and Equatorial Marine Fuel among Marine Fuels 360 Award winners

Informa Markets on Wednesday (29 November) announced the recipients to the inaugural Marine Fuels 360 Awards 2023 at a Gala Dinner held at the Marina Bay Sands.

Twelve open awards across four sectors – Shipping, Bunker Trade & Supply, Decarbonisation & Technology and Bunkering services were conferred, evaluated by a panel of judges formed by industry thought-leaders.

The hotly contested Decarbonisation Technology Award was awarded to Anemoi Marine Technologies, with their Rotor Sails technology standing out as an innovative, safe and effective solution for reducing environmental impact of the shipping industry, as well as its potential for wide- scale adoption. 

Kim Diederichsen, CEO of Anemoi Marine Technologies, said: “What we do is we bring wind technology to the market, namely rotor sails. It's an honour being here, receiving this prestigious award this night.” Reducing fuel consumption and emissions on commercial vessels through utilising wind power for auxiliary propulsion, the technology can be adapted to various vessel types and sizes from existing vessels to newbuilds, to enhance their Energy Efficiency Design Index (EEDI).

TFG Marine Pte Ltd was awarded the Physical Supplier of the Year Award. It stands out as an industry leader for its scale of operations, proactive approach to decarbonisation, investment in technology, commitment to transparency and customer service. As one of the world’s largest physical bunker suppliers, TFG has delivered more than 10 million tons to over 480 clients globally over the last financial year. 

Marine Fuels 360 Conference
Marine Fuels 360 Awards

“TFG is very honoured to get this award and it's a recognition of the hard work and the good work we have done and also the milestones we have achieved so far for the whole of the year. We will continue to strive to provide good services and transparency to our customers, support all the alternative fuels and energy transitions across all spectrum”, said Soo Yong, Regional Bunker Sales.

Three special awards were also presented to celebrate the recognise the outstanding work and exemplary contributions to three individuals, recognising their performance in the bunkering industry – Industry Icon, CEO of the Year and Lifetime Achievement:

The Industry Icon Award goes to Mr Choong Kien Siong, President, Equatorial Marine Fuel Management Services Pte Ltd, who said: “It is a great honour to receive this prestigious award. Together withthe new generation, Equatorial Marine Fuel will continue to adapt and reinvent ourselves as we sail into the green economy.”

The CEO of the Year was presented to Mr. Russell Hardy, Group CEO, Vitol Services Ltd. Receiving the award on his behalf is Captain Rishab Bahl, Managing Director of Mansel Pte Ltd, said: “The maritime industry has committed to a major decarbonisation mission and this is not going to be without challenges. Our industry will turn to Singapore for leadership and our industry has committed to a major decarbonisation mission where we will support Singapore’s decarbonising journey.

The honorary Lifetime Achievement was also conferred to Capt. Rajesh Unni, Executive Chairman, Synergy Marine Group, who said: “If there is one thing that I have learnt, is that Singapore offersthe opportunity on the basis of meritocracy, there is hope for people to take and given their all and there is chance, so I am grateful for this country for giving us the opportunity and that I have made some impact in your life, that hopefully is my mission.

The full list of awardees as below:

Shipping

Shipping Company of the Year - Hafnia
Ship Manager of the Year – Synergy Marine Group

Bunker Trade & Supply

Physical Supplier of the Year – TFG Marine Pte Ltd
Physical Trader of the Year - Minerva Bunkering Pte Ltd
Deal of the Year - Shell North America LNG
Alternative-Fuelled Vessel Design of the Year - Eaglestar Shipmanagement (S) Pte Ltd
Supply Chain & Logistics Excellence of the Year - TotalEnergies Marine Fuels Pte. Ltd.

Decarbonisation & Technology

Decarbonisation Technology - Anemoi Marine Technologies
Digitalisation- ZeroNorth
Start-Up of the Year - Njord

Bunkering Services

Classification Society - DNV
Marine Fuel Testing & Inspection Excellence - Veritas Petroleum Services (VPS)

Marine Fuels 360 Conference
DNV receiving the Classification Society Award
Marine Fuels 360 Conference
Captain Rahul Choudhuri, President, Strategic Partnerships at VPS receiving the Marine Fuel Testing & Inspection Excellence Award

Special Awards

Industry Icon – Mr Choong Kien Siong, Equatorial Marine Fuel Management Services Pte Ltd
CEO of the Year - Mr. Russell Hardy, Vitol Services Ltd
Lifetime Achievement – Capt. Rajesh Unni, Synergy Marine Group

Related: Singapore: President of Equatorial Marine Fuel Management Services receives ‘Industry Icon Award’
Related: ZeroNorth enables Golden Island to become Singapore’s first 100% digital bunker supplier
RelatedSingapore: Marine Fuels 360 Awards and Conference 2023 to bring together industry’s best

Photo credit: Informa Markets
Published: 1 December, 2023

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Business

Singapore: President of Equatorial Marine Fuel Management Services receives ‘Industry Icon Award’

‘First and foremost, I would like to thank my wife, who has been with me throughout the entire journey. I would also like to thank my team at Equatorial,’ expressed Mr Choong Kien Siong.

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Choong Kien Siong receives award

The President of Singapore’s top bunker supplier Equatorial Marine Fuel Management Services Pte Ltd (EMF) on Wednesday (29 November) received the ‘Industry Icon Award’ at the inaugural Marine Fuels 360 Awards 2023 Gala Dinner.

Mr Choong Kien Siong was pleased with the recognition and delivered the following speech:

“It is my great honour to receive this prestigious award. First and foremost, I would like to thank my wife, who has been with me throughout the entire journey. I would also like to thank my team at Equatorial,” he expressed.

“It is together with my wife and our team that we managed to make Equatorial to what it is today. Also, a big thank you to Informa for organising this amazing event.

“There have been so many changes since I first stepped into this industry. Over the years, I have seen Singapore grow into the top maritime and bunkering hub.

“Along the way, I have made many wonderful friends and memories. Today, the industry continues to face new challenges and opportunities. Digitalisation and decarbonisation are the two big things which I have asked the younger generation to embrace seriously.

“As the world becomes more and more complex, adoption of technology is a must to handle such complexities. At the same time, we are responsible for the world that our future generations will be living in.

“One thing that will not change is Equatorial’s commitment toward providing top quality services. We will continue to do our best and ensure that we provide reliable and quality service to the industry.”

Choong Kien Siong with Informa team

The EMF office underwent a flurry of activities during the second half of 2023. The period saw EMF launching a sustainable energy business unit while conducting its first biofuel bunker sale and delivery in the Port of Singapore.

In November, EMF built upon an earlier development by working with CMS to exchange carbon credits and Proof of Sustainability certificates for a bunker fuel transaction on the SGTraDex platform.

Manifold Times in late November reported EMF placing orders for four 7,999 dwt IMO Type II Chemical and Oil Tankers that will be used as bunker tankers at the Port of Singapore.

The Maritime and Port Authority of Singapore (MPA) recorded EMF as the top bunker supplier (by volume) in 2022.

Related: Singapore: Equatorial Marine Fuel builds four “new generation” methanol-ready bunker tankers
Related: Singapore: Equatorial Marine Fuel, CMS, SGTraDex link decarbonisation and digitalisation solutions in milestone bunker transaction
Related: Singapore: Equatorial Marine Fuel boosts sustainable marine fuel supply business with biofuel delivery to OOCL containership
Related: Singapore: Equatorial Marine Fuel launches sustainable energy business unit, commits towards multi-fuel future
Related: Singapore: Equatorial Marine Fuel conducts carbon credit trial with Carbon Management Solutions
Related: Exclusive: Estimated marine fuel sales figures of Singapore top 10 bunker suppliers by volume in 2022

Photo credit: Informa
Published: 1 December 2023

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Digital platform

ZeroNorth enables Golden Island to become Singapore’s first 100% digital bunker supplier

Access to ZeroNorth Bunker Electronic Bunker Delivery Notes (eBDN) will streamline bunker processes, enabling Golden Island to drive efficiency, transparency, and contribute to decarbonising shipping.

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ZeroNorth

Technology company ZeroNorth on Thursday (30 November) has announced that it has enabled its customer Golden Island Diesel Oil Trading Pte Ltd (Golden Island) to become the first marine fuel supplier in Singapore to go 100% digital in its use of Electronic Bunker Delivery Notes (eBDN).

Golden Island has chosen ZeroNorth Bunker’s eBDN solution, developed by BTS and recently consolidated under the ZeroNorth Bunker brand. The company will be able to provide 100% digital processes to increase transparency and improve collaboration. 

“Enabled by ZeroNorth’s technology platform, Golden Island plans to stop issuing physical BDNs from 1 December, as part of the company’s digitalisation initiative to move away from manual, paper-based processes and reduce its environmental impact on the journey to greener operations,” ZeroNorth said in a statement shared with Singapore-based bunkering publication Manifold Times.

ZeroNorth’s eBDN service will digitalise the bunker delivery process for its customers, with Golden Island the first to benefit and swiftly and securely verify purchased fuel quantities, eliminate delays and ensure smooth transactions.

“This move will help Golden Island to streamline the bunkering documentation process, increasing transparency, and driving efficiency and productivity across its marine fuel delivery operations. Digitalisation will enhance crew productivity and operational efficiencies. By eliminating paper forms with ZeroNorth’s solution, Golden Island expects to save at least two hours of manual data entry work each day,” ZeroNorth added. 

By digitalising the bunkering process, ZeroNorth will turn millions of data points into actionable recommendations for Golden Island on where it can drive efficiencies and achieve greener operations. With more data being interpreted through the digitalisation of BDNs, increasingly robust insights and analysis of emissions will then be generated for customers, further powering up the marine fuel market’s data flywheel. This will also enhance reporting, as information is standardised and readily available in a digital format.

Tomohiro Yamano, General Manager, Marine Fuel Department at Golden Island, said: “A month after the Maritime and Port Authority of Singapore (MPA) launched its digital bunkering initiative as the first port in the world to implement eBDN, we are proud to be the first company to fully switch to eBDN in the Singapore bunkering market. To achieve this, we required a solution that would facilitate a seamless workflow to enhance the productivity and efficiency of our marine fuel delivery operations.

“We were impressed with ZeroNorth’s deep understanding of the bunker industry and the capabilities of its eBDN solution. Digitalising our bunker processes with eBDN fits in with our digitalisation initiative to enhance and streamline operations, which will in turn also drive easier reporting and analysis of emissions.”

Kenneth Juhls, Managing Director for ZeroNorth Bunker at ZeroNorth, said: “Bunker procurement has been a traditionally cumbersome process, burdened by manual documentation. We’re delighted to be helping Golden Island eliminate these manual processes to streamline documentation, drive efficiencies and boost productivity across its operations as a global eBDN solution on the market.

“Given the integral role marine fuels are set to play in decarbonising shipping, ZeroNorth is proud to help our customers and the wider industry digitalise bunker operations. The data generated will in turn help enable the data flywheel effect, driving actionable recommendations on where further efficiencies can be created for the benefit of both profit and planet.”

The first internal trial for Golden Island using ZeroNorth’s eBDN solution began in November 2022. The company is now ready to adopt it into its operations after a year testing the solution, with assistance and approval from the Maritime and Port Authority of Singapore (MPA).

Manifold Times previously reported Singapore bunker supplier Golden Island Diesel Oil Trading Pte Ltd (Golden Island) will be fully adopting the electronic Bunker Delivery Note (e-BDN) for commercial bunkering operations from 1 December 2023 onwards.

Marine Fuels 360 Conference

ZeroNorth also announced it won the Digitalisation Award at the Marine Fuels 360 Awards Gala Dinner on 29 November. 

Commenting on the award, Juhls said: “We are proud and humble to get recognised by this award. The full team in ZeroNorth works hard everyday to bring value to our clients through our software solution. We are looking forward to continuing our collaboration with our customers, partners and the industry in our ambition of making global trade green.”

Related: Singapore: Golden Island switching to 100% e-BDN operations from 1 December
Related: ZeroNorth consolidates existing bunkering business following acquisitions 
Related: Singapore set to become first port in the world to debut electronic bunker delivery notes
Related: MPA Chief Executive: Port of Singapore begins digital bunkering initiative today 
Related: ZeroNorth acquires Singapore’s bunker supplier software provider BTS
Related: ZeroNorth acquires Prosmar Bunker Dashboard solution and Bunker Pricer module
Related: ZeroNorth acquires US-based bunker market platform ClearLynx
Related: ZeroNorth unveils ZeroNorth Bunker for bunker planning, procurement, and analytics
Related: ZeroNorth opens new office in Singapore to expand in Asia
Related: Singapore: Marine Fuels 360 Awards and Conference 2023 to bring together industry’s best

Photo credit: ZeroNorth / Informa Markets
Published: 30 November, 2023

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