Prompt fuel availability remains tight in ARA

Suppliers up to 12 hours late on deliveries in Algeciras

VLSFO and LSMGO availability tight in Dakar

IMAGE: The Europoort area in the Port of Rotterdam. Getty Images

Northwest Europe

Prompt fuel availability is tight in the ARA ports, and buyers are recommended lead times of 5-7 days to get good coverage from suppliers, a trader told ENGINE.

B100 demand has picked up in Rotterdam as the biofuel grade trades at a wide discount to LSMGO, the trader said. Rotterdam’s B100 price has fallen by around $182/mt in the past month, to $1,182/mt, according to ENGINE data. That puts it $265/mt below the port’s LSMGO price of $1,447/mt, and the gap has widened by $194/mt in a month.

The ARA’s independently held fuel oil stocks have averaged 7% higher in October so far than in September, according to Insights Global data. Stocks have risen 62% since May, when they hit their lowest level in more than a decade. But they are still 9% below February levels, before Israel and the US went to war with Iran.

The region’s independent gasoil stocks, which include diesel and heating oil, have gained 6% in October so far compared to September, Insights Global data shows.

Fuel availability is stable in Hamburg, with suppliers asking for a notice of five days, a trader told ENGINE.

Buyers are advised to allow longer lead times of 10 days for supplies off Denmark’s Skaw and in Sweden’s Gothenburg, a trader said.

Mediterranean

Prompt bunker fuel availability is tight at the Gibraltar Strait ports, with buyers recommended lead times of 7-10 days to get good coverage from suppliers, a trader told ENGINE.

Suppliers in Gibraltar are delivering without delays, port agent MH Bland said. In Algeciras on the other hand, some suppliers are running anywhere between 4-12 hours behind schedule.

Suppliers need around a week of notice for deliveries in the Spanish port of Barcelona.

Fuel availability is tight in Las Palmas, with buyers advised lead times of 7-8 days to get deliveries, a trader said.

In Istanbul, fuel availability is normal and deliveries are available with a notice of 1-4 days, a local supplier told ENGINE.

Africa

Bunker fuel availability is very tight in Senegal’s Dakar, a supplier said.

Bunker availability is tight in Togo’s Lome, and buyers are recommended lead times of 5-7 days for VLSFO and LSMGO supplies, a trader told ENGINE.

VLSFO availability is tight in Nigeria’s Lagos anchorage, and buyers are recommended lead times of 10-12 days, a local supplier told ENGINE.

VLSFO is unavailable in Angola’s Luanda, while LSMGO deliveries need lead times of 5-7 days, a supplier told ENGINE.

Fuel supplies off Namibia’s Walvis Bay are tight for prompt dates. Buyers are advised 5-7 days of lead time for VLSFO and LSMGO deliveries, a trader told ENGINE.

Fuel availability is tight in the South African ports of Durban and Cape Town. Buyers are recommended 10-15 days of notice to secure deliveries, a trader told ENGINE.

Fuel availability is very tight in Port Louis. Buyers are recommended to book 10-14 days in advance to secure supplies, a trader said.

Bunker fuel availability is tight for prompt supplies in the Mozambican ports of Nacala and Maputo, with buyers recommended lead times of 5-7 days for most supplies, a trader told ENGINE.

VLSFO supply has restarted in Djibouti’s ports after a disruption, and both VLSFO and LSMGO can be delivered on a prompt basis to vessels, a local supplier told ENGINE.

By Nachiket Tekawade

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