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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

HSFO supply tight in several European ports; VLSFO and LSMGO supply is normal in the ARA; HSFO availability steady in Gibraltar.

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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:

16 August 2023

  • HSFO supply tight in several European ports
  • VLSFO and LSMGO supply is normal in the ARA
  • HSFO availability steady in Gibraltar

 

Northwest Europe

Prompt HSFO availability remains tight in the ARA hub and several other bunker ports across northwestern Europe. Some suppliers in Rotterdam can supply the grade on prompt delivery dates, but these stems come with hefty price premiums, a source says. The grade was offered in a wide range of $20/mt on Wednesday.

Lead times of 5-7 are recommended to ensure full coverage from suppliers in Rotterdam, slightly down from last week’s seven days.

While barge availability in the ARA hub has improved, product loading delays at oil terminals still persist, another source says. Tight availability of HSFO in Rotterdam has contributed to cap the port’s Hi5 at levels below $50/mt in recent weeks. 

A drawdown in the ARA’s fuel oil stocks has added to the HSFO supply pressure in the bunkering hub. The region’s independently held fuel oil stocks have averaged 8% lower so far in August than across July, according to Insights Global data.

Meanwhile, VLSFO and LSMGO availability is normal in Rotterdam and in the wider ARA hub. A lead time of four days is recommended for VLSFO, and a shorter 2-4 days for LSMGO.

VLSFO and LSMGO availability remains normal for delivery off Skaw, while HSFO is relatively tighter, a source says. Recommended lead times for all grades remain unchanged at 7-10 days. Barge availability is said to be normal there.

Availability of VLSFO and LSMGO is normal in the German port of Hamburg, a source says. As in the ARA and off Skaw, it can be difficult to secure HSFO for prompt delivery dates there.

 

Mediterranean

All grades remain in good availability across Gibraltar Strait ports. Lead times of 4-6 days are recommended for VLSFO and LSMGO in Gibraltar. However, some suppliers can still supply both grades for very prompt delivery dates (0-3 days), a source says.

While other European bunker ports have struggled with tight HSFO supply, supply of the grade has been relatively better in Gibraltar. A lead time of 4-6 days is recommended to ensure full coverage from suppliers in Gibraltar, slightly down from the 5-6 days recommended last week. Steady supply of the grade contributed to keep the port’s HSFO benchmark at near parity levels to Rotterdam’s on Wednesday.

Minimum congestion was reported in Gibraltar, Algeciras and Ceuta on Wednesday, according to port agent MH Bland. One supplier in Gibraltar and three in Algeciras were behind schedule.

Meanwhile, securing HSFO for prompt delivery dates can be difficult in Italy’s Augusta and off Malta. A logistical delay in transporting HSFO cargoes from a local refinery to Augusta has led to slight tightness in the port, a source says. On the other hand, availability of the grade has been tight off Malta as the few suppliers that offer the grade are almost out of stock now, a source says.

Other bunker delivery areas in the Mediterranean such as Piraeus and Istanbul have good availability of VLSFO and LSMGO.

 

Africa

VLSFO and LSMGO availability is normal in the South African ports of Durban and Cape Town.

Bunkering was suspended by bad weather in Algoa Bay on Wednesday, according to Rennies Ships Agency. Two vessels were held up waiting to bunker at the anchorage.

Lead times of up to seven days are still recommended for deliveries across these three South African locations, a source says.

By Nithin Chandran

 

Photo credit and source: ENGINE
Published: 17 August, 2023

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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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