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ENGINE: Global Bunker Fuel Availability Outlook

Bunker availability remains tight in Singapore amid ongoing terminal congestion, pushing earliest delivery dates for VLSFO and HSFO380 stems to 9-12 days ahead.

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ENGINE Global Bunker Fuel Availability Outlook image for Manifold Times

The following update regarding global bunker fuel availability has been provided by online marine fuels procurement platform ENGINE for publication on Singapore bunkering publication Manifold Times:

16 December, 2021

  • Weather suspensions in Gibraltar Strait
  • ARA gasoil stocks slump to fresh seven-year lows
  • Prompt supply under persistent pressure in Singapore and Fujairah
  • Fog delays vessel traffic in Houston

Inbound vessel traffic and all bunkering in Gibraltar was suspended on Thursday amid gale and swells pushing 2 metres today, port agent MH Bland said. The bunker queue grew to 16 vessels in the port.

Weather conditions are forecast to improve some on Friday, before worsening some again on Saturday and into the early hours on Sunday. Considerable delays are expected once operations are back up and running again.

Bunkering has also been suspended at Algeciras’ B, C and D anchorages, adding pressure on the port’s remaining A anchorage. At least 12 vessels were waiting for space to enter this anchorage for bunkering on Thursday.

Deliveries by barge has been suspended in Ceuta. Ex-pipe bunkering is still possible.

Bunker suppliers in the ARA continue to have readily available stems to offer across fuel grades, with lead times of 1-3 days generally advised. That is considerably shorter than the other major bunkering hubs of Singapore and Fujairah.

Independently held stockpiles of fuel oil and gasoil in the ARA hub were heavily drawn in the past week, Insights Global data shows. Fuel oil stocks, which include high and low sulphur grades, fell to five-week lows. Gasoil stocks, including diesel and heating oil, have been drawn down to their lowest point in over seven years amid strong heating oil demand in Europe.

Bunker availability remains tight in Singapore amid ongoing terminal congestion, pushing the earliest delivery dates for VLSFO and HSFO380 stems to 9-12 days ahead. LSMGO is more readily available at 5-7 days out.

Singapore’s residual fuel oil inventories have grown to three-week highs despite a drop in net imports in the past week. Stockpiles of middle distillates - including gasoil - have recovered from three-year lows, according to Enterprise Singapore data.

In Fujairah, suggested lead times for VLSFO and LSMGO are up slightly to six days out from five days earlier. HSFO380 lead times are nine days out.

Fujairah’s heavy distillate and residual fuel oil inventories fell to six-week lows of 8.81 million bbls this week, according to data from Fujairah Oil Industry Zone and S&P Global Platts. Strong recent bunker sales of both low and high sulphur fuel oil grades have contributed to draw down stocks.

Vessel traffic through Houston Ship Channel has been halted intermittently by fog and reduced visibility this week. The channel reopened for all traffic in the morning local time on Thursday, and there were 28 vessels waiting inbound, 21 outbound and three vessels pending, port agent Norton Lilly says.

The channel is a key waterway to reach bunkering ports in the area, which include Houston, Galveston, Texas City and Baytown. Certain vessels delayed by the channel closures have had to cancel stems as they have been on tight berthing schedules, sources say.

Prompt bunker availability is under pressure in the Houston area and several other ports in the Americas. Supply is particularly tight in US West Coast ports like Los Angeles, and in Panama. A supplier’s earliest delivery dates in Balboa is around eight days out and several others have limited prompt availability.

 

Photo credit: ENGINE
Published: 20 December, 2021

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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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