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Singapore: Bunker fuel sales gain 8.7% in June 2024

4.27 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in May, up from 3.93 million mt recorded in June 2023, according to MPA data.

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SG bunker sales June 2024

Sales of marine fuel at Singapore port increased by 8.7% on year in June 2024, according to Maritime and Port Authority of Singapore (MPA) data.

In total, 4.27 million metric tonnes (mt) (exact 4,274,915 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in June, an increase from 3.93 million mt (3,932,910 mt) recorded during the similar month in 2023.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June (against on year) recorded respectively 1.56 million mt (+25.8% from 1.24 million mt), 2.33 million mt (-1.27% from 2.36 million mt), zero (from zero), 8,000 mt (-33.3% from 12,000 mt) and zero (from zero).

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Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June (against on year) recorded respectively 2,500 (+150% from 1,000), 45,300 mt (+32% from 34,300 mt), zero (from zero), zero (from zero) and zero (from zero).

LNG and methanol sales were posted respectively at 51,700 mt (+189% from 17,900) and zero (from zero).

Articles on Singapore bunker volumes for 2024:

Related: Singapore: Bunker fuel sales increase by 6.7% in May 2024
RelatedSingapore: Bunker fuel sales down by 0.6% on year in April 2024
Related: Singapore: Bunker fuel sales increase by 6.4% on year in March 2024
Related: Singapore: Bunker fuel sales up by 18.8% on year in February 2024
Related: Singapore: Bunker fuel sales up by 12.1% on year in January 2024

A complete series of articles on Singapore bunker volumes by Manifold Times in 2023 can be found below:

Related: Singapore achieves milestone with record year for bunker sales in 2023
Related: Singapore: Bunker fuel sales fell 2.5% on year in November 2023
Related: Singapore: Bunker fuel sales increase by 3.5% on year in October 2023
Related: Singapore: Bunker fuel sales increase by 7.7% on year in September 2023
Related: Singapore: Bunker fuel sales continue upward trend, rose by 3.4% on year in August 2023
Related: Singapore: Bunker fuel sales continue upward trend, rose by 9.7% on year in July 2023
Related: Singapore: Bunker fuel sales continue to increase by 4.7% on year in June 2023
Related: Singapore: Bunker fuel sales increase by 11.8% on year in May 2023
Related: Singapore: Bunker fuel sales continue upward trend, rose by 13.4% on year in April
Related: Singapore: Bunker fuel sales continue upward trend, rose by 10.8% on year in March
Related: Singapore: Bunker fuel sales continue upward trend, up 8.3% on year in February
Related: Singapore’s bunker sales kickstarts well with 8.6% increase on year in January

 

Photo credit: Maritime and Port Authority of Singapore
Published: 16 July 2024

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Bunker Fuel Availability

ENGINE: East of Suez Bunker Fuel Availability Outlook (11 Feb 2025)

Bunker demand is low in Singapore; VLSFO and LSMGO availability is tight in several Indian ports; several Australian ports brace for weather disruptions.

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RESIZED ENGINE East of Suez

The following article regarding regional bunker fuel availability outlook for the East of Suez region has been provided by online marine fuels procurement platform ENGINE for publication on Singapore bunkering publication Manifold Times:

  • Bunker demand is low in Singapore
  • VLSFO and LSMGO availability is tight in several Indian ports
  • Several Australian ports brace for weather disruptions

Singapore and Malaysia

Bunker demand in Singapore has been sluggish so far this week, according to a source. Most suppliers recommend lead times of 5–9 days for VLSFO, nearly unchanged from last week. HSFO lead times have dropped from around 13 days last week to 2–9 days now, while LSMGO lead times remain steady at 3–6 days.

Residual fuel oil stocks in Singapore averaged 10% lower in January compared to December, according to Enterprise Singapore data. The port's fuel oil stocks fell below 21 million bbls as net fuel oil imports declined by 29% in January. Imports decreased by 924,000 bbls, while exports increased by 599,000 bbls. Middle distillate stocks at the port also fell, averaging 9% lower than the previous month.

At Malaysia’s Port Klang, VLSFO and LSMGO supplies are abundant, with prompt small-quantity deliveries readily available, but HSFO supply remains limited.

East Asia

In Zhoushan, recommended lead times for VLSFO and LSMGO deliveries have risen from four days last week, to approximately six days now. HSFO supply remains tight, with lead times of around 10 days.

In northern China, Dalian and Qingdao ports have ample supplies of VLSFO and LSMGO, though HSFO is scarce in Qingdao. Tianjin is facing tight availability of both HSFO and VLSFO, while LSMGO supply remains stable.

Suppliers in Shanghai have ample supply of LSMGO, but VLSFO and HSFO availability is under pressure.

In Fuzhou, availability of VLSFO and LSMGO is good. VLSFO supply is good in Xiamen, whereas LSMGO is limited.

At Yangpu and Guangzhou, prompt deliveries of VLSFO and LSMGO remain constrained.

VLSFO and LSMGO deliveries at several Taiwanese ports, including Taichung, Kaohsiung, Keelung and Hualien, require lead times of about two days, nearly unchanged from last week.

In Hong Kong, lead times for all fuel grades remain steady at approximately seven days, consistent with recent weeks. However, bunker deliveries may get disrupted by adverse weather conditions expected on 13–14 and 16–17 February.

In southern South Korean ports, VLSFO and LSMGO deliveries require lead times of 5–7 days, while deliveries in western ports need slightly longer lead times of around eight days. Last week, lead times for these grades ranged from 3 to 12 days across all South Korean ports.

HSFO deliveries now have an advised lead time of around six days in several ports, compared to 3–12 days last week.

Bunker operations at Ulsan, Onsan, Busan and Yeosu may face intermittent disruptions due to potential bad weather conditions on 12–13 and 15–17 February. Similar interruptions are expected at Daesan and Taean on 12–13 and 16–17 February.

In Japan, VLSFO is widely available at major ports such as Tokyo, Chiba, Yokohama, Kawasaki, Osaka, Kobe, Sakai, Nagoya and Yokkaichi, while prompt supply is limited in Mizushima.

LSMGO supplies remain stable overall, but securing prompt deliveries can be difficult in Nagoya, Yokkaichi and Mizushima. Similarly, HSFO availability is steady, though prompt deliveries may be challenging at these ports.

Meanwhile, all fuel grades are subject to availability in Oita.

Subic Bay in the Philippines is forecast to face inclement weather on 17 February, potentially disrupting bunkering operations.

Oceania

In Western Australia, VLSFO and LSMGO supplies are ample at Kwinana, Fremantle and Kembla ports, with standard lead times of 7–8 days.

In New South Wales, LSMGO availability in Sydney is stable, though HSFO may require longer lead times. In Victoria, suppliers in Melbourne and Geelong have sufficient VLSFO and LSMGO stocks, but securing prompt HSFO deliveries can be challenging.

Suppliers in Queensland, Brisbane and Gladstone have adequate stocks of VLSFO and LSMGO, with recommended lead times of 7–8 days. However, HSFO availability in Brisbane remains limited.

Several Western Australian ports have declared cyclone alerts as Tropical Low 18U is expected to impact the east Pilbara or west Kimberley coast as a severe tropical cyclone later this week. Port Hedland and Port Walcott are at cyclone alert stage 3 or clear port, while Barrow Island is at Monitor stage. Dampier, Ashburton, Cape Preston West, Onslow, and Varanus Island are at stage 2 or prepare, though shipping operations continue as planned.

Weather conditions will be closely monitored, with further updates to follow, according to GAC Hot Port News.

In New Zealand, Tauranga and Auckland have sufficient VLSFO stocks. Suppliers in Auckland also have ample LSMGO availability. However, rough weather conditions are forecast in Tauranga on 17 February, which could disrupt bunker operations.

South Asia

Availability at Indian ports has tightened due to refinery maintenance and increased exports, making VLSFO subject to enquiry at several locations, including Kandla, Mumbai, Tuticorin, Chennai, Visakhapatnam, Cochin and Paradip. In Haldia, a supplier is nearly out of stock. LSMGO supply also remains tight across most Indian ports.

Despite these constraints, Sri Lanka has not experienced a notable rise in demand, according to a trader. In Colombo, lead times for all fuel grades remain around seven days, nearly unchanged from last week. In Hambantota, lead times have increased from six days last week to approximately nine days now.

Middle East

In Fujairah, bunker availability remains tight, with lead times for all grades holding steady at 5–7 days, unchanged from last week. Khor Fakkan has similar lead time recommendations.

In Basrah, Iraq, VLSFO and LSMGO are readily available. In contrast, supplies of both grades are nearly depleted in Ras Laffan, Qatar, and Suez, Egypt.

Jeddah, Saudi Arabia, has sufficient LSMGO supply, but VLSFO remains limited. Meanwhile, bunker deliveries in Yanbu may get affected by bad weather on 12 February.

Bunker supply is under pressure in Djibouti, with VLSFO and HSFO stocks nearly exhausted and LSMGO supply running low.

Omani ports, including Sohar, Salalah, Muscat and Duqm, continue to have ample LSMGO supply.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 12 February, 2025

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HSFO

Hambantota International Port expands bunkering services with new HSFO facilities

HSFO facility features a 6,000 cubic meter storage capacity, split across two dedicated tanks in the port’s oil tank farm, along with a specialised pumping system capable of transferring 400 mt per hour.

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Hambantota International Port expands bunkering with new HSFO facilities

Hambantota International Port (HIP) on Monday (10 February) said it marked a significant milestone by successfully integrating High Sulphur Fuel Oil (HSFO) into its range of bunkering services. 

It now offers a complete suite of marine fuels, including Very Low Sulphur Fuel Oil (VLSFO) and Marine Gas Oil (MGO/MDO). This development strengthens Sri Lanka’s position in the global maritime landscape, allowing HIP to cater to a broader range of vessels navigating one of the world’s busiest shipping lanes.

“We are pleased to announce the full operational launch of our HSFO bunkering facility, which marks a significant step in realising our vision of becoming a leading global maritime hub,” said Wilson Qu, CEO of Hambantota International Port Group (HIPG). 

“With our expanding range of services and growing reputation for operational excellence, HIP is positioning as a crucial player in the future of maritime trade and fuel supply. This expansion not only broadens the services we offer but also strengthens Sri Lanka’s position as a critical maritime player in the Indian Ocean region.”

The newly operational HSFO facility features a 6,000 cubic meter storage capacity, split across two dedicated tanks in the port’s oil tank farm, along with a specialised pumping system capable of transferring 400 metric tonnes (mt) per hour. A streamlined pipeline links the tanks directly to HIP’s oil jetties, ensuring fast, efficient fuel delivery. 

The facility has advanced monitoring and remote-control systems, guaranteeing precise, safe operations.  It will provide significant convenience to ship owners with vessels using scrubbers, who opt for HFSO for its cost-effective, advanced scrubbing systems while meeting IMO 2020 sulfur cap regulations.

The port which now houses Sri Lanka’s first shore-based storage tank farm with a dedicated facility for HSFO bunkering, marked the achievement with the successful discharge of 5,000 mt of HSFO and 20,000 mt of VLSFO from the vessel Grand Ace 10, from the 30 January to 1 February. 

The operation unveiled HIP's new HSFO bunkering infrastructure, setting the stage for increased fuel diversity in the region.

HIP’s strategic location along one of the busiest maritime routes in the world, provides vessels with a vital refueling stop as they traverse the shipping lanes between Europe and Asia. The addition of HSFO to HIP's fuel offering allows the port to cater to a broader spectrum of vessels, from large tankers to smaller cargo ships, that require different grades of fuel for their operations.

The port’s collaboration with Sinopec, a global leader in energy, ensures the delivery of reliable marine fuels. 

 

Photo credit: Hambantota International Port
Published: 11 February, 2025

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Alternative Fuels

ENGINE on Fuel Switch Snapshot: Liquid fuel prices drop

VLSFO availability improves in Singapore; B100 cheaper than HSFO with EU regulations; LNG becomes costliest fuel option in Rotterdam.

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ENGINE on Fuel Switch Snapshot: Liquid fuel prices drop

Once a week, bunker intelligence platform ENGINE will publish a snapshot of alternative and conventional bunker fuel prices in the world’s two biggest bunkering hubs. The following is the latest snapshot:

  • VLSFO availability improves in Singapore
  • B100 cheaper than HSFO with EU regs
  • LNG becomes costliest fuel option in Rotterdam

B100 (100% biofuel) is now $32/mt cheaper than HSFO in Rotterdam when factoring in EU ETS compliance costs and FuelEU pooling benefits for voyages between two EU ports.

EU regulations make liquid biomethane (LBM) $121/mt cheaper in Rotterdam than HSFO, but only if used in a diesel slow-speed (SS) marine engine with the lowest methane slip of 0.2%.

If the fuel is used in an Otto medium-speed engine with a 3.1% methane slip, LBM is actually $14/mt more expensive than HSFO, even with regulatory benefits.

ENGINE on Fuel Switch Snapshot: Liquid fuel prices drop

Regardless of the engine type, Rotterdam's VLSFO-equivalent liquefied natural gas (LNG) benchmark is now more expensive than all conventional fuels.

Even when accounting for the EU ETS and FuelEU penalties and considering that the fuel is used in a diesel SS engine, the theoretical price of LNG remains $66/mt higher than VLSFO and only $1/mt cheaper than LSMGO.

Liquid fuels

Rotterdam's VLSFO-equivalent B100 price has declined by $66/mt, while Singapore’s price has dropped by $10/mt over the past week.

PRIMA Markets assessed the Dutch HBE rebate for B100 in Rotterdam at $369/mt on Friday, marking a $12/mt increase from the previous week.

Rotterdam’s VLSFO price has remained relatively stable, with only a modest $4/mt decline—smaller than the $7/mt drop seen in the front-month ICE Brent futures contract.

Singapore has seen a larger $16/mt drop, partly due to improved VLSFO availability. Recommended lead times for the grade have shortened from 7–11 days last week, to 4–8 days now.

Liquid gases

Rotterdam’s LNG price has climbed for a third week in a row, this time by $26/mt over the past week. This increase is linked to a 3% rise in the front-month Dutch TTF Natural Gas contract, a key European gas benchmark.

The Dutch TTF benchmark has risen due to increased demand due to colder weather and increased draws from underground gas reserves in Europe.

Singapore’s VLSFO-equivalent LNG price has also climbed by $12/mt in the past week. “The rise can be attributed to updated forecasts of colder weather in Japan and higher gas prices in Europe,” Rystad Energy said.

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 11 February, 2025

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