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Platts to launch eWindow instruments for Zhoushan 380 CST high sulfur bunker fuel 

Platts will launch the instruments for 380 CST high sulfur bunker fuel delivered at Zhoushan, effective 22 Sep, following its launch of daily assessment for the fuel grade on 4 Sep.

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Platts, part of S&P Global Commodity Insights, on Tuesday (12 September) said it will launch eWindow instruments for 380 CST high sulfur bunker fuel delivered at Zhoushan, effective 22 September 2023.

This comes following the launch of the Zhoushan 380 CST high sulfur bunker fuel assessment on 4 September.

Participants in the Platts Market on Close assessment process will be able to submit bids or offers for publication directly through the eWindow communication tool or do so through an editor who would then publish the bids and offers using the software.

Platts assessments for Zhoushan 380 CST high sulfur bunker fuel reflect parcel sizes between 500 mt and 1,500 mt for delivery 5-10 days forward from the date of publication. Market participants must specify a three-day date range, for delivery within the assessment laycan, at the time of submitting a bid or offer for publication.

Market participants may submit bids and offers for the following volume range: 500-600 mt, 600-700 mt, 700-800 mt, 800-900 mt, 900-1,000 mt, 1,000-1,200 mt, 1,100-1,300 mt, 1,200-1,400 mt and 1,300-1,500 mt. Buyers must declare the exact volume to the seller within one working day after the trade has been concluded. A seller should supply material that is merchantable.

All bids and offers have to be submitted by 5:00 pm Singapore time, and bids or offers can be improved by a minimum of $0.25/mt and a maximum of $1/mt per 60 seconds. Following any trade, there will be 60 seconds to rebid or reoffer. There can be no more price changes in the last 2 minutes of the MOC, which ends at 5.30.00.999 pm Singapore time.

A rebid/re-offer, following a trade in the last 60 seconds prior to the close of the MOC will trigger a 3-minute extension from 5.30.01.000 pm to 5.33.00.999 pm to adequately test that rebid or reoffer.

Bids, offers and trades for the smallest volume within the range take precedence in the assessment process, if the prices demonstrably coexist in conflict at any moment in time. For example, a bid for 500 mt of Zhoushan delivered 380 CST HSFO would take priority over an offer for 1,500 mt, in cases where the bid and offer might cross due to volume differences.

Guidelines for the publication of bids and offers in the MOC are published in the Oil Timing and Increment Guide available here.

Platts expects credit relationships that prevail inside its assessment environment to fully reflect relationships in the markets as a whole. eWindow provides direct entry and management of credit filters, which should mirror those normally applied in the marketplaces.

Where Platts editors publish bids and offers on behalf of a company that submits data to an editor, counterparty credit settings are set to "open" for regular participants in the assessment process unless companies have notified Platts in advance of any restrictions.

If a counterparty submitting information through an editor has not already notified Platts of any counterparty credit restrictions, they should notify Platts at least one hour prior to the start of the MOC if any counterparty credit filters need to be modified.

Photo credit: Manifold Times
Published: 20 September, 2023

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Bunker Fuel Availability

ENGINE: Americas Bunker Fuel Availability Outlook (9 Jan 2025)

Fog season impacting US Gulf Coast bunkering; prompt availability improves in West Coast ports; rough weather causing delays in New York.

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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:

  • Fog season impacting US Gulf Coast bunkering
  • Prompt availability improves in West Coast ports
  • Rough weather causing delays in New York

North America

Bunker fuel availability in Houston remains tight across all grades, according to a source. High winds over the last few days have created some backlogs by delaying bunker deliveries in the port.

Deliveries can remain suspended due to high wind gusts until 10 January, a source said. Suppliers generally require lead times of 7-9 days for VLSFO and LSMGO deliveries in Houston, while HSFO could take more than nine days.

Dense fog and reduced visibility around the Galveston Offshore Lightering Area (GOLA) have disrupted bunker deliveries. “Prolonged delays are expected over the next several days due to high winds [around GOLA],” a source said.

The New Orleans Outer Anchorage (NOLA) also faces fog-related disruptions, similar to GOLA. Fog conditions in the anchorage area depend heavily on wind directions. Southerly winds from the Gulf typically result in fog, while colder, northerly winds keep visibility clear.

On the West Coast, prompt bunker availability has improved in Los Angeles and Long Beach in January, with suppliers recommending lead times of seven days for VLSFO and LSMGO.

On the East Coast, availability for VLSFO and LSMGO is good in New York, but bunkering operations may be suspended this week due to rough weather, causing potential delays, a source said. Standby tugs may be required at certain times, the source added.

High wind gusts could suspend bunker deliveries in Canada’s Montreal.

Caribbean and Latin America

Demand remains strong in the Panamanian ports of Balboa and Cristobal, amid tight availability across all grades. Suppliers require lead times of more than seven days to secure stems.

The Colombian ports of Santa Marta, Barranquilla and Cartagena have seen more demand in recent days, tightening availability. December and January are the months with the highest demand, a source remarked.

Bunker operations at Argentina’s Zona Común anchorage may face some disruptions due to rough weather and strong wind gusts. Prompt VLSFO availability is tight at the anchorage, with lead times of at least seven days advised, a source said.

By Aparupa Mazumder

 

Photo credit and source: ENGINE
Published: 10 January, 2024

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Bunker Fuel Availability

ENGINE: Europe & Africa Bunker Fuel Availability Outlook (8 Jan 2025)

High LSMGO demand in the ARA; bunker supply good in Lisbon; LSMGO still dry in Durban.

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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:

  • High LSMGO demand in the ARA
  • Bunker supply good in Lisbon
  • LSMGO still dry in Durban

Northwest Europe

HSFO supply is still tight for very prompt delivery dates in Rotterdam and other ARA ports, a trader said. Lead times of 5-7 days are advised for the grade.

VLSFO and LSMGO supply is good in Rotterdam, with lead times of 3-5 days advised for full coverage from suppliers. LSMGO demand has been on the increase in the ARA recently, according to a source.

The ARA’s independently held fuel oil stocks increased 9% in December compared to November, according to Insights Global data.

The region imported 161,000 b/d of fuel oil in December, significantly down from 301,000 b/d imported in November, according to data from cargo tracker Vortexa.

The UK (27% of the total) was the ARA's biggest fuel oil import source in December, followed by Poland (17%), Denmark (13%), Germany (11%) and Colombia (9%).

The ARA hub’s independent gasoil inventories - which include diesel and heating oil - held steady in December. The region imported 238,000 b/d of gasoil and diesel in December, down from 359,000 b/d imported in November, according to Vortexa data.

Workers in the French ports of Saint-Nazaire and Montoir will go on strike on and off for four hours at a time this month, a trade union has announced according to GAC Hot Port News. The trade union will also hold a two-day strike, starting on 3 February.

The strikes could impact bunkering in these ports, a trader told ENGINE, adding that bunker demand in France is currently weak. 

Germany’s Hamburg port has good bunker supply across VLSFO, HSFO and LSMGO. A trader advised lead times of 3-5 days for all three grades. 

Mediterranean

Bunker availability is good in Gibraltar, with recommended lead times of 3-5 days for all three grades, a source said. Gibraltar witnessed adverse weather intermittently last week, which continued into Monday. This led to severe congestion in the port until Tuesday, when the congestion began easing. Bunker deliveries have been proceeding smoothly since.

Rough weather could impact bunkering in Gibraltar on Wednesday and Thursday, with strong wind gusts of up to 23 knots forecast in the port area.   

The Canary Islands' port of Las Palmas is still struggling with tightness in supply for all three grades, a trader said. Lead times of 5-7 days are recommended for optimal coverage.

Meanwhile, Portugal’s Lisbon and Sines have good bunker supply with ample availability of all grades, according to a trader. 

Suppliers in the Greek port of Piraeus are witnessing very weak demand despite good availability across fuel grades, a trader told ENGINE. Some suppliers are able to offer prompt delivery dates.

Turkey’s Istanbul has normal supply of VLSFO, LSMGO and HSFO. Lead times of 3-4 days are advised by traders across. Demand has been moderate recently with very few stems being booked, a trader said. 

Bunker demand is stable off Malta, where availability is good for all grades, a trader said. Lead times of 4-5 days are recommended. Bunkering disruptions may occur off Malta on Wednesday, Friday and Saturday when rough weather is forecast in the area. 

Africa

VLSFO availability is tight for prompt supply in South Africa’s Durban and Richards Bay, a trader told ENGINE. Lead times of 7-10 days are advised for the grade in both ports. 

Securing LSMGO is a challenge in Durban as it continues to be dry in the port, according to a trader. 

Mauritius’ Port Louis has good availability across VLSFO, HSFO and LSMGO, with prompt availability offered by suppliers. Rough weather is forecast in Port Louis from Friday to Monday, which may impact bunkering. 

Bunkering is normal in Mozambique’s Nacala and Maputo ports and has not been impacted by the civil unrest in the urban areas, a source told ENGINE. Nacala has good availability of all three grades, while Maputo has normal supply of VLSFO and LSMGO. 

Bunker demand in Mozambique is recovering now after a decline in the last two weeks during Christmas and the New Year, a source said. Overall, bunker demand was subdued in December compared to the previous year, the source added. 

By Manjula Nair

 

Photo credit and source: ENGINE
Published: 9 January, 2025

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Bunker Fuel

New UAE-based marine fuel trading company launched

Rohit Singh, founder and CEO, said Sea Leader DMCC specialises in bunker trading across ports of UAE, Khorfakkan and Sharjah, as well as India.

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New UAE-based marine fuel trading company launched

Rohit Singh, a former Senior Trading Manager at Axiom Global, on Tuesday (7 January) announced the launch of a new UAE- registered marine fuel trading firm, Sea Leader DMCC. 

Rohit, who is the founder and CEO of Sea Leader, said the first bunker delivery by the company was completed last weekend. 

He added Sea Leader specialises in physical bunker supply across ports of UAE – Khor Fakkan and Sharjah –  as well as India. 

Its product range includes High Sulphur Fuel Oil (HSFO), Very Low Sulphur Fuel Oil (VLSFO), and Low Sulphur Marine Gas Oil (LSMGO), catering to the diverse fuel requirements of modern vessels. 

Additionally, the company offers Back-to-Back services and will also be offering biofuel in the near future. 

“Our mission is clear: to deliver reliable and efficient fuel solutions to our clients while fostering strong partnerships in the ever-evolving maritime industry,” Rohit said in a social media post.

“At Sea Leader DMCC, we are committed to ensuring that every vessel we serve operates seamlessly and sustainably.”

 

Photo credit: Sea Leader DMCC
Published: 8 January, 2025

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