Antwerp-Bruges logs 84,000 mt bio-bunker sales in H1

Gibraltar B30-VLSFO priced $39/mt below ARA

Most Singapore suppliers offer prompt bio-bunker deliveries

Rotterdam

The Prima-assessed POMEME CIF ARA barge price has remained unchanged over the past week, mirroring a lack of movement in Prima’s UCOME FOB ARA barge price.

As a result, B30 blend prices in Rotterdam and the broader ARA region have been largely influenced by conventional fuel benchmarks.

Rotterdam’s B30-VLSFO (HBE) and the ARA’s B30-VLSFO (UCOME) prices have both gained $17/mt, mostly lifted by a $23/mt rise in ENGINE’s pure VLSFO benchmark.

Conversely, a $6/mt drop in ENGINE’s LSMGO price has pulled Rotterdam’s B30-VLSFO (HBE) and ARA’s B30-LSMGO (UCOME) prices down by $3/mt and $5/mt, respectively.

Suppliers sold a total of 84,000 mt of biofuel in Antwerp-Bruges in the first half of this year, up from nothing in the same period a year earlier.

B30-VLSFO (UCOME) was indicated at $790/mt in Gibraltar earlier this week, a $39/mt discount to ARA on the day.

ENGINE has also received an indicative price of $908/mt for B30-VLSFO (UCOME) in Portugal’s Port of Sines, which was $82/mt above the ARA price on that day.

Singapore

Singapore's B24-VLSFO (UCOME) price has risen by $10/mt and its B24-LSMGO (UCOME) has increased by $7/mt over the past week.

Prima’s UCOME China FOB cargo price has dropped by $10/mt, but the decline has largely been offset by $12–16/mt gains in Singapore’s conventional fuel benchmarks.

ENGINE’s freight estimate for UCOME shipments from China to Singapore has remained unchanged on the week.

At leaset four suppliers can currently offer prompt biofuel blend deliveries in Singapore, while one supplier is experiencing tight availability.

B24-VLSFO (UCOME) was indicated at $718–735/mt in the UAE ports of Khor Fakkan and Fujairah earlier this week, which was $9–26/mt higher than in Singapore on the day.

Other bio-bunker news

ENGINE received an indicative price of $738/mt for B30-VLSFO (UCOME) in the Brazilian port of Rio Grande. This was $91/mt lower than the ARA's price, but $29/mt higher than Singapore’s benchmark on the same day.

India’s Directorate General of Shipping (DGS) has issued new guidelines for bunker blends with up to 30% biofuel (B30). This move aims to ensure technical, safety and environmental compliance when handling and supplying biofuel blends such as fatty acid methyl esters (FAME) and hydrotreated vegetable oils (HVO), among others, DGS said.

Biofuel startup HutanBio will produce carbon-negative algae oil for bunkering across three initial production sites, and aims to break ground to build the first plant early next year. It has identified three locations to produce the algae oil: Morocco, the Middle East and Western Australia.

By Konica Bhatt

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