On Tuesday, data revealed that the premium of very-low sulphur fuel oil (VLSFO) over high-sulphur fuel oil (HSFO) has reached its lowest level since October 2021, as reported by XMZA.
Fuel at its lowestAsia’s VLSFO-HSFO premium, known as the Hi-5 spread, reached its lowest level since October 2021, standing at $102.50 per metric ton for August. The narrowing spread is attributed to increasing selling interest and multiple offers for VLSFO cargoes in July and early August....
Hapag-Lloyd, a container line, has reported a decline in overall bunker consumption but an increase in the use of high-sulfur fuel oil (HSFO) in the first quarter of 2023, as reported by Ship & Bunker.
Bunker consumptionThe company’s total bunker consumption was 1.03 million metric tons, down 2.8% compared to the previous year. The share of very low sulfur fuel oil (VLSFO), ultra-low sulfur fuel oil (ULSFO), marine diesel oil (MDO), and liquefied natural gas (LNG) in its...
https://mfame.guru/hapag-lloyd-turns-to-hsfo-as-bunker-consumption-declines/
Shipping fuel availability in Rotterdam and the wider ARA hub is challenging due to product tightness at refineries, leading to recommended lead times of 6-7 days for VLSFO and HSFO. However, LSMGO availability is comparatively better with shorter lead times of 3-5 days. Shell’s Pernis refinery is undergoing scheduled maintenance but is expected to be completed by the end of the month. Independently held gasoil stocks in the ARA are...
https://mfame.guru/bunker-fuel-availability-holds-strong-in-europe-africa/
Bunker sales volume at the port of Zhoushan, Zhejiang in China increased 9.1% on year to reach 6.02 million metric tonnes (mt) in 2022, according to Chinese media Zhejiang Online, says an article published on Manifold Times.
Bonded fuel bunkering centers“Zhoushan continues to lead the development of bonded fuel bunkering centers in Northeast Asia, which has become the region with the largest bonded oil supply volume, fastest growth rate, most active competition, and...
https://mfame.guru/zhoushan-bunkering-volume-up-9-1-on-year-to-6-02-million-mt-in-2022/
The spot 180-cst high sulphur fuel oil (HSFO) market traded at steady discounts on Wednesday, while stable supply arrivals weighed on the broader fuel oil market, says an article published on Brecorder.
Stable premiumsTrafigura bought a 20,000-tonne cargo of 180-cst HSFO from PetroChina at a discount of $3 a tonne to Singapore quotes, and another 20,000-tonne cargo from Total at a discount of $2.50 to Singapore quotes.
Meanwhile, the 0.5% very low sulphur fuel oil...
Sales of marine fuels, also known as bunkers, eased 1.5% year-on-year to about 7.7 million tonnes in 2022 at the United Arab Emirates’ Fujairah, the world’s third largest bunkering hub, reports Reuters.
LSFO sales dipBunker sales from January to December 2022, excluding lubricants, were at 8,049,364 cubic metres, data from the Fujairah Oil Industry Zone published by industry information service provider S&P Global Commodity Insights, showed.
The lower annual sales...
https://mfame.guru/fujairah-2022-bunker-fuel-sales-down-by-1-5-y-y/
The spot market for 180-cst high sulphur fuel oil (HSFO) traded at a steeper discount on Friday compared to last week, says an article published on Bunker ports news.
Reflecting near-termVitol bought a 20,000-tonne cargo 180-cst HSFO from PetroChina at a discount of $3 to Singapore quotes on Friday, for loading between Jan. 26 to 30.
Reflecting near-term bearishness, the 180-cst HSFO forward curve was in contango for the first half of 2023, Refinitiv data showed.
Recent...
Oil product stockpiles at the UAE’s Port of Fujairah rose 7.1% in the week ended Dec. 26, capping a record annual gain, according to Fujairah Oil Industry Zone data published Dec. 28, reports Platts.
Total inventories were 20.669 million barrels as of Dec. 26, the highest in two weeks, the FOIZ data provided exclusively to S&P Global Commodities Insights showed.
The...
https://mfame.guru/oil-stocks-climb-7-on-week-capping-record-annual-gain/
Singapore’s total bunker sales in November reached 4.37mn t, up noticeably from 4.25mn t the previous month, reports Argus Media quoting official data from the Maritime and Port Authority (MPA).
This total is also 3.6pc higher than November last year and represents the highest monthly consumption in the city state since January 2021, when volumes reached 4.5mn t.
But Singapore is on track to see its total 2022 bunker volume slip by an estimated 2mn t from the previous year...
https://mfame.guru/singapore-nov-bunker-sales-hit-22-month-high/
According to preliminary figures from the Maritime and Port Authority of Singapore, Singapore’s total bunker sales reached their highest levels this year, says an article published on Engine.
Average stem sizeA total of 3,299 vessels arrived for bunker calls in November, which was lower than 3,431 vessels in October. But the average stem size was about 86 mt larger than in October, at 1,324 mt.
Total VLSFO sales
VLSFO sales increased by 6% in November. But total VLSFO...
https://mfame.guru/singapores-bunker-sales-grow-for-second-consecutive-month/