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Bunker Fuel Availability

Monjasa sees increase in Atlantic Outer Anchorage bunker fuel enquiries 

Panama Canal is a key global trade waterway, but the challenging low water levels caused by the historic drought, now has a spillover effect on the area’s bunkering logistics, says Monjasa.

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International bunkering firm Monjasa on Friday (29 September) said the Panama Canal is a key global trade waterway, but the challenging low water levels caused by the historic drought, now has a spillover effect on the area’s bunkering logistics as well.

“The increased waiting time of 10-15+ days has a direct impact on vessels expecting to take bunkers in the Cristobal area. We now see an increase in Atlantic Outer Anchorage fuel enquiries reflecting the time pressure and increased shipping costs that shipowners are currently facing,” said Kristian Hansen, Trading Director, Monjasa Americas, in a social media post.       

Monjasa said tanker operators, Penfield Marine LLC and Hafnia, consider this an increasingly viable refuelling option as overall operations costs are increasing:  

“Outer Anchorage supply is very important for our operation, not only it is right in the crosshairs of an important shipping lane, but our larger tankers can often not be accommodated at inner anchorage for bunkers. A joint survey and great customer service makes for a smooth operation,” said John Llewellyn, Penfield Marine LLC.

“The option to bunker at Outer Anchorage at Cristobal solves potential challenges with bunkering at inner anchorage such as draft limitation, restricted anchorage space and limited time for bunkering before transit,” Matias Engel, Hafnia, explained. 

The firm added the Outer Anchorage marine fuels option has been developed in close collaboration with the Panama Canal Authority.

Photo credit: Monjasa
Published: 3 October, 2023

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Bunker Fuel Availability

Baltic Exchange: Bunker Report (11 April, 2024)

Bunker fuel prices fell across Asia, Europe, and Africa yesterday whilst crude oil and product prices traded lower during intraday trading, weighed down by muted demand in Asia and the Middle East.

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The following bunker report has been provided by freight market information provider Baltic Exchange for post on Singapore bunkering publication Manifold Times:

Commentary:

Bunker fuel prices fell across Asia, Europe, and Africa yesterday whilst crude oil and product prices traded lower during intraday trading, weighed down by muted demand in Asia and the Middle East. US inflation data came in higher than expected, reducing the probability of an interest rate cut at the June Fed meeting. EIA's large build (+5.8mbbls) in US crude oil stockpiles and refined products weighed on the energy complex until prices quickly reversed their losses to gains following the news that a Hamas leader's three sons were killed in an airstrike, complicating ceasefire talks in the region. Iranian tension is keeping crude prices afloat today coupled with ongoing flooding constraints at Russia's Orsk refinery, which has declared force majeure (-0.12mbpd). China's inflation slowed (0.1% Y-o-Y) yet avoided falling into deflation. Could low inflation figures be a result of cheap energy imports? Brent is pretty much flat today, while fuel oil and gasoil open strong.

Note:

All values are in US$/metric ton, all-in (invoice price), delivered on board
Delivery in 7-10 days
ISO 8217:2010
IFO 380 3.5% Sulphur
IFO 380 0.5% Sulphur
DMA 0.1% Sulphur

Rotterdam – Waalhaven – Maasvlakte range
Houston – Houston Harbor
Singapore – Anchorage, under SBA Scheme
Fujairah – Offshore Anchorage Area

Submitted weekly at Close of Business on Thursdays

Panellists:
Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S, KPI OceanConnect

 

Photo credit and source: Baltic Exchange
Published: 12 April 2024

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Bunker Fuel Availability

ENGINE: Americas Bunker Fuel Availability Outlook (11 April 2024)

Strong demand in Houston; bad weather disrupts GOLA bunkering; tight availability in Brazilian ports.

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RESIZED ENGINE Americas

The following article regarding bunker fuel availability in the Americas region has been provided by online marine fuel procurement platform ENGINE for post on Singapore bunkering publication Manifold Times:

  • Strong demand in Houston
  • Bad weather disrupts GOLA bunkering
  • Tight availability in Brazilian ports

North America

Bunker demand was buoyant in Houston this week following a period of subdued demand over the last couple of weeks. Availability of both VLSFO and LSMGO has tightened slightly in the Houston area, with some suppliers now requiring lead times of more than seven days for delivery.

On Wednesday, a VLSFO stem was fixed in Houston at $754/mt, marking a premium of over $50/mt compared to New York’s VLSFO price.

Prompt HSFO supply is also constrained, and recommended lead times are 8-9 days for this grade.

This tight availability may be influenced by various factors, such as storms in Houston last week, and there is optimism that clearer weather will improve availability from next week, a source says.

Prompt supply of VLSFO and LSMGO is possible in Bolivar Roads and Beaumont. One supplier can offer VLSFO and LSMGO stems within three days of lead time in Bolivar Roads. In Port Arthur, a longer lead time of around 6-8 days is recommended for both fuel grades.

There has been an uptick in bunker enquiries in Nederland this week, and one supplier is unable to offer stems for prompt dates.

Bunker deliveries have been halted in the Galveston Offshore Lightering Area (GOLA) since Tuesday, where weather conditions are rough. GOLA is currently experiencing gale-force wind gusts of 44 knots. Calmer weather is forecast from Thursday evening onwards and could allow bunker operations to resume at the anchorage.

Prompt VLSFO and LSMGO can be secured in GOLA with a few suppliers, but deliveries are subject to weather conditions, a source says.

Strong demand persists at the West Coast ports of Long Beach and Los Angeles, leading to tighter availability of all fuel grades for prompt dates. Two suppliers are unable to deliver VLSFO and LSMGO stems with six days of lead time.

HSFO availability is limited in San Francisco, where one supplier offers stems with a lead time of approximately two weeks.

Bunker demand in New York has been robust amid the ongoing suspension of all vessel traffic in and out of Baltimore. However, there was a demand decrease reported in other East Coast ports such as Newport News and Philadelphia this week.

The US Army Corps of Engineers (USACE) announced plans to open a limited-access channel in Baltimore by the end of April to allow for container barges to move in and out of the port.

Caribbean and Latin America

Demand has been good in Panamanian ports with more daily transits through the Panama Canal. Availability has also remained good for prompt dates in both Balboa and Cristobal.

The Panama Canal Authority (ACP) is considering easing transit restrictions due to optimistic weather forecasts, aiming for full normalisation by next year. Recent developments have given cause for optimism, such as the canal authority adding three extra daily transit slots and Maersk resuming canal transits.

Bunker operations have been suspended by rough weather at Argentina’s Zona Comun anchorage. The weather is forecast to remain rough throughout this week, with wind speeds forecast to touch 44 knots on Sunday. No bunker backlog has been reported as demand is low.

Demand has stayed low in certain Brazilian, yet availability can be tight. The earliest delivery date with one supplier in Santos is 16 April, and 21 April in Rio Grande, a source says.

By Debarati Bhattacharjee

 

Photo credit and source: ENGINE
Published: 12 April 2024

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Bunker Fuel Availability

ENGINE: Europe & Africa Bunker Fuel Availability Outlook (10 April 2024)

HSFO availability improves in the ARA; prompt VLSFO supply tight in Las Palmas; VLSFO supply tight in Mozambique.

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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:

  • HSFO availability improves in the ARA
  • Prompt VLSFO supply tight in Las Palmas
  • VLSFO supply tight in Mozambique

Northwest Europe

HSFO supply has improved in the ARA hub from last week, according to a trader. Lead times have reduced from 5-7 days earlier this week to 4-6 days now. VLSFO and LSMGO lead times remain unchanged from last week. Lead times of 4-5 days are advised for VLSFO and 2-4 days for LSMGO.

The ARA’s independently held fuel oil stocks averaged 5% lower in the first week of April, compared to March, according to Insights Global data. The region’s fuel oil stocks declined coming into this month, but inventories grew to their highest monthly average levels since April 2021.

The ARA hub’s independent gasoil inventories — which include diesel and heating oil — increased by 3% coming into this month. The inventories rose to their highest levels since June last year.

Availability across all bunker fuel grades is good in the German port of Hamburg, with prompt delivery dates available. Lead times of 3-5 days are recommended for all fuel grades.

HSFO supply remains tight off Skaw, with traders recommending lead times of 7-10 days for the high-sulphur grade. LSMGO and VLSFO grades are available for comparatively shorter lead times of 5-7 days.

Mediterranean

Availability across all bunker fuel grades is normal in Gibraltar. Conducive weather conditions have helped suppliers to clear bunker backlogs this week. Recommended lead times have also come down to 4-6 days from up to 7 days last week. Strong wind gusts of up to 30 knots are forecast in Gibraltar this week, which could complicate bunker deliveries there.

Bunker fuel supply is also good in the nearby Ceuta port, according to a source. Bunkering operations are running normally there amid calm weather.

Availability of HSFO and LSMGO grades in the Canary Islands’ port of Las Palmas is normal. Securing prompt delivery of VLSFO can be difficult in Las Palmas, where suppliers are offering the earliest delivery dates from 20 April. Strong swells are forecast to hit the port on Wednesday, which could disrupt bunkering.

Bunker demand has been consistently low over the past two weeks in the Mediterranean ports of Piraeus, Malta and Istanbul. The demand has not picked up this week as well, according to a trader.

Availability of all fuel grades remains normal in the Greek port of Piraeus, with suppliers offering prompt deliveries. The port is forecast to experience calm weather this week, which would allow bunkering to progress smoothly.

All bunker fuel grades are available for prompt deliveries off Malta. No weather-induced bunkering disruptions are likely this week, a source said.

Bunker fuel availability is also good in Turkey’s Istanbul, according to a trader. Suppliers are able to offer prompt delivery dates for all grades. Calm weather is forecast in the port for the rest of the week.

Africa

In Mozambique’s Nacala, VLSFO supply is tight amid strong demand. Availability of HSFO and LSMGO is good in the port, according to a source.

Supply of VLSFO and LSMGO is very tight in Maputo. LSMGO demand is said to be stable in the port, while VLSFO demand is currently very high, the source said.

Offshore bunkering has been suspended in Algoa Bay since September last year. The South African Revenue Service (SARS) suspended offshore bunkering after it detained bunker barges over import duty disputes. One supplier is currently offering in-port deliveries in Port Elizabeth, where bunkering is only available by truck.

By Manjula Nair

 

Photo credit and source: ENGINE
Published: 11 April 2024

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