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ENGINE: Europe & Africa Fuel Availability Outlook

HSFO supply remains tight in Gibraltar Strait ports; ARA gasoil stocks gain weight while fuel oil is drawn; bunker fuel availability improves in Durban.

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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:

29 June 2022

  • HSFO supply remains tight in Gibraltar Strait ports
  • ARA gasoil stocks gain weight while fuel oil is drawn
  • Bunker fuel availability improves in Durban

 

Northwest Europe

Availability of VLSFO and LSMGO are normal in ARA ports, while HSFO is tight for prompt deliveries, sources say.

Recommended lead times for VLSFO and LSMGO are 3-5 days in ARA, but some suppliers can offer LSMGO on prompt dates, sources say. HSFO requires a longer lead time of 5-7 days

Independently held gasoil stocks in the ARA increased last week and scaled to their bulkiest level so far in June, while fuel stocks declined slightly.

Gasoil stocks increased by 720,000 bbls to 11.33 million bbls in the week to 23 June, and fuel oil inventories decreased by 90,000 bbls to 7.93 million bbls, according to Insights Global data.

Fuel oil stocks in the ARA have gradually been increasing since a slump in April. The inventory buildup was supported by continuous flows from Russia.

VLSFO and LSMGO availability in Hamburg are normal, but HSFO supply is tight as suppliers have limited stock, sources say.

LSMGO availability is normal in Bremerhaven, but VLSFO and HSFO prompt deliveries are more difficult to find.

 

Mediterranean

HSFO supply is tight in the Gibraltar Strait ports, while VLSFO and LSMGO are more readily available for prompt deliveries, sources say.

Recommended lead times for VLSFO and LSMGO are 3-4 days in Gibraltar and Algeciras, while HSFO stems are mostly subject to enquiries, a source says.

Some suppliers in Gibraltar Strait can offer HSFO in limited quantities.

Congestion in Gibraltar has reportedly increased to seven vessels on Wednesday from just two in the past day, port agent MH Bland says. Two suppliers were running 2-4 hours behind schedule on Wednesday morning.

Strong wind and gusts are forecasted on Friday, which could possibly trigger suspension or delays in Gibraltar.

In Ceuta, all port operations are running normally and no congestion has been reported today, according to shipping agent Jose Salama & Cia. Eight vessels are due to arrive today.

LSMGO and VLSFO availability are normal in Ceuta, and some suppliers can offer deliveries for prompt dates, sources say.

In Malta, all bunkering areas have been open for supply this week amid conducive weather conditions, Seatrans Shipping agency says.

 

Africa

VLSFO and LSMGO availability have improved in Durban and some suppliers can offer prompt deliveries, sources say. VLSFO has been tight in past few weeks, but with the arrival of replenishment stocks, the pressure has eased a bit.

VLSFO price in Durban has decreased by $51/mt since the start of this week.

Availability of VLSFO is normal in Port of Elizabeth and suppliers can offer prompt deliveries, but LSMGO is tight for prompt dates, a source says.

No congestion has been reported in Port of Elizabeth on Friday, according to Rennies Ships Agency. However, bad weather is forecast on Friday that could trigger suspension or delays until Sunday.

 

Photo credit and source: ENGINE
Published: 30 June, 2022

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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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