Connect with us

Business

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

HSFO tightness easing slightly in the ARA; HSFO supply tight off Malta; bad weather disrupts bunkering in Algoa Bay.

Admin

Published

on

RESIZED

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:

23 August 2023

  • HSFO tightness easing slightly in the ARA
  • HSFO supply tight off Malta
  • Bad weather disrupts bunkering in Algoa Bay

 

Northwest Europe

HSFO availability in Rotterdam and in the wider ARA hub has shown signs of improvement, a source says. Some suppliers that were previously reluctant to supply the grade are now eager to offer it, the source adds.

However, some traders still argue that securing HSFO stems for prompt delivery dates remains difficult across ARA ports. Lead times of 5-7 are still recommended for the grade, unchanged from last week, another source says.

VLSFO and LSMGO availability is normal in the ARA hub. Lead times of up to four days are recommended for both grades.

Meanwhile, product loading delays of around1-3 days still persist at oil terminals, two sources say. As a result, LSMGO supply pressure is building in the ARA, and some suppliers are holding back on offers for very prompt delivery dates (0-2 days).

Overall bunker fuel demand has improved this week in the ARA hub.

VLSFO and LSMGO availability remains normal for delivery off Skaw, a source says. Recommended lead times for both grades remain unchanged at 7-10 days.

In the German port of Hamburg, VLSFO and LSMGO availability are normal, while HSFO supply is tight. Recommended lead times for VLSFO and LSMGO are about five days.

 

Mediterranean

All grades remain in good supply in Gibraltar. Lead times of 3-5 days are recommended for VLSFO and LSMGO in Gibraltar, down from 4-6 days last week, a source says.

HSFO availability is normal in Gibraltar, with unchanged lead times of 4-6 days.

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.

In Las Palmas, availability of VLSFO is said to be steady, and lead times of 4-6 days are recommended by suppliers. Securing HSFO stems for prompt delivery dates remains difficult there, a source says.

VLSFO and LSMGO availability is good in the Portuguese ports of Lisbon and Sines.

Other bunker delivery areas in the Mediterranean such as Piraeus, off Malta and Istanbul have tight availability of VLSFO and LSMGO, a source says. HSFO supply is very tight off Malta, partly because the few suppliers that offer the grade are almost out of stock.

 

Africa

VLSFO and LSMGO availability is normal in the South African ports of Durban and Cape Town, where lead times of up to seven days are still recommended, a source says.

Bunkering was on standby in Algoa Bay on Wednesday morning due to rough weather conditions, according to Rennies Ships Agency. Deliveries may resume on Thursday with improved weather, but could be suspended again between Friday and Sunday, when conditions are set to deteriorate again.

VLSFO and LSMGO availability is good in Mozambique's Nacala and Maputo ports. On the other hand, HSFO availability is very tight in Nacala, with delivery dates stretching to early September, a source says.

By Nithin Chandran

 

Photo credit and source: ENGINE
Published: 24 August, 2023

Continue Reading

Milestone

Singapore retains titles as Best Global Seaport and Best Seaport in Asia

Port of Singapore has been named the “Best Global Seaport” for the third consecutive year and the “Best Seaport in Asia” for the 35th time at the 2023 AFLAS Awards.

Admin

Published

on

By

Singapore retains titles as Best Global Seaport and Best Seaport in Asia

The Maritime and Port Authority of Singapore on Friday (29 September) said the Port of Singapore has been named the “Best Global Seaport” for the third consecutive year and the “Best Seaport in Asia” for the 35th time at the 2023 Asian Freight, Logistics and Supply Chain (AFLAS) Awards.

These accolades recognise the contributions by the Port of Singapore serving as a key node in the global supply chain, and Singapore’s leadership in driving maritime decarbonisation and transformation.

The annual AFLAS Awards is organised by freight and logistics publication, Asia Cargo News, to honour leading service providers in the supply chain community for demonstrating leadership as well as consistency in service quality, innovation, customer relationship management and reliability. Winners were determined by votes cast by readers of the publication.

singapore best seaport 2

Mr Chee Hong Tat, Acting Minister for Transport and Senior Minister of State for Finance, said: “Singapore is honoured to be named the Best Global Seaport and Best Seaport in Asia. These awards are the result of the shared effort and strong collaboration between the Government, industry, unions and workers. We will continue to grow our port as an efficient, sustainable, and trusted node in global supply chains.”

Mr Teo Eng Dih, Chief Executive of MPA, said: “These awards are testament to the partnership and collaboration between Maritime and Port Authority of Singapore (MPA) with industry and international partners, the research and enterprise community, as well as unions. MPA remains committed to fostering an environment that encourages enterprise, innovation, and talent development.”

“We will continue to work with our partners to enhance Singapore’s connectivity, advance digitalisation efforts, and accelerate the decarbonisation of international shipping in line with the 2023 IMO strategy on reduction of GHG emissions from ships.”

Photo credit: Maritime and Port Authority of Singapore 
Published: 29 September, 2023

Continue Reading

Employment

Melvin Lum appointed as KPI OceanConnect Global Accounts Commercial Director in Singapore 

Lum will take on the position of Commercial Director from Thomas Lee who was recently promoted to Head of APAC in a management restructure within KPI OceanConnect.

Admin

Published

on

By

Melvin Lum appointed as KPI OceanConnect Global Account Commercial Director in Singapore

Global marine energy solutions provider KPI OceanConnect on Thursday (28 September) announced the appointment of Melvin Lum as Commercial Director for its Global Accounts team in Singapore.

Lum will take on the position of Commercial Director from Thomas Lee who was recently promoted to Head of APAC in a management restructure within KPI OceanConnect. 

The Global Accounts team is an expert unit within KPI OceanConnect, specialised in providing long-term, tailored fuel strategy solutions to a portfolio of Key Accounts on a global scale. Dedicated regional teams located in London, Houston and Singapore work seamlessly across the world and around the clock to support their clients.

Lum joined KPI OceanConnect in 2021 as Senior Key Account manager and has made a significant contribution to the development of the team and optimisation of the daily operations of the unit in Singapore. Lum has vast experience across the supply chain and previously worked with TotalEnergies, Glencore and Global Energy Group prior to joining KPI OceanConnect.

Henrik Zederkof, Head of Global Accounts at KPI OceanConnect, said: "It is always a pleasure to witness the growth of our team members, and Melvin's progression is no exception. I have full confidence in Melvin's expertise, ability to lead the unit and dedication to his team. I look forward to seeing the progress of Melvin and his team, which will undoubtedly bring significant value to our numerous partners and the wider organisation.”

"Melvin will assume a pivotal role within the Global Accounts management team, leveraging his extensive experience in supply chain management and profound insight into emerging technologies. In his new role, Melvin will further enhance our team's skill set, aligning them with our ongoing objectives of supporting our partners in their green transition and digitalisation endeavours."

Melvin Lum, Commercial Director of KPI OceanConnect Global Accounts in Singapore, said: "I am very appreciative of the support and confidence from our management team as I take on this exciting new role. I am enthusiastic to work with the team as we continue to deliver an exceptional experience to our partners and stakeholders with dedication, innovation and passion."

Photo credit: KPI OceanConnect 
Published: 29 September, 2023

Continue Reading

Biofuel

TotalEnergies Marine Fuels renews ISCC EU certification for bio bunker fuel  

Firm’s operations teams in Singapore and Geneva successfully renewed its ISCC EU sustainability certification for the supply of biofuel bunkers, says Louise Tricoire, Vice President.

Admin

Published

on

By

TotalEnergies Marine Fuels renews ISCC EU certification for bio bunker fuel

Louise Tricoire, Vice President of TotalEnergies Marine Fuels recently said the firm’s operations teams in Singapore and Geneva successfully renewed its International Sustainability and Carbon Certification (ISCC) EU sustainability certification for the supply of biofuel bunkers.

“This means that TotalEnergies Marine Fuels can continue sourcing and supplying marine biofuels in accordance with EU renewable energy regulations ensuring the highest sustainability standards,” she said in a social media. 

“It's the third year in a row that we have successfully renewed this certification, after a deep and comprehensive audit which showed zero non-conformity.”

She added marine biofuels have grown in demand among shipping companies that want to cut greenhouse gas emissions immediately. 

“TotalEnergies Marine Fuels offers marine biofuels commercially in Singapore and we are starting in Europe. This certification enables us to accompany our customers in their decarbonisation journey with the best standard solutions available today.”

Photo credit: TotalEnergies Marine Fuels
Published: 29 September, 2023

Continue Reading
Advertisement

OUR INDUSTRY PARTNERS



Trending