Two suppliers in Las Palmas don’t have any HSFO availability at the moment, a trader said.

PHOTO: Commercial harbour at the port of Las Palmas. Getty Images

As a result, lead times for the grade have stretched from 3–5 days seen last week, to 5–7 days now in the Canary Islands' port of Las Palmas.  

HSFO supply in Tenerife, also located in the Canary Islands, is currently fine, the trader added. 

Prompt HSFO supply has tightened in Gibraltar, with lead times increasing from 3–5 days last week to 5–7 days now. One out of the two suppliers has limited HSFO available, adding to the supply pressure for the grade, a source said.

Meanwhile, HSFO supply is ample in Portuguese ports and prompt supply is possible, a supplier said.

By Manjula Nair

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