Europe & Africa Fuel Availability Outlook 10 June

Prompt supplies tight in the ARA

Fuel availability is normal off Malta

VLSFO and LSMGO supplies in Luanda need 5-6 days of notice

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

Northwest Europe

Bunker fuel availability remains tight for prompt supplies in the ARA hub, a trader said.

Recommended lead times for VLSFO and HSFO supplies have reduced slightly to 7-8 days, from 10 days advised last week, the trader added.

The ARA’s independently held fuel oil stocks have remained flat in June so far, compared to May’s monthly average, according to Insights Global data.

Fuel oil stocks in the ARA hub have fallen to levels not seen in more than a decade.

The ARA hub has imported only 7,000 b/d of fuel oil in the first week of June, sharply lower from April’s monthly average of 230,000 b/d, according to data from cargo tracker Vortexa. All of the cargoes during the first week of June have come from Germany.

The ARA hub imported 164,000 b/d of gasoil in June, down considerably from 204,000 b/d imported in May, Vortexa data showed.

Around 37% of June’s shipments have come from the Saudi Arabia, while Lithuania has sent around 21% of the cargoes.

In Germany’s Hamburg, buyers are advised to book stems around five days ahead to get deliveries of any fuel grade, a trader told ENGINE.

Fuel availability is normal off Denmark’s Skaw and in Sweden’s Gothenburg, but buyers need to provide a notice of around 10 days to get deliveries of any fuel grade, according to a trader.

Mediterranean

In the Gibraltar Strait ports, bunker availability remains tight for prompt deliveries of any fuel grade, with buyers advised lead times between 7-10 days, a trader told ENGINE.

Ships calling in Gibraltar for bunkers are facing high congestion, with around 20 vessels awaiting bunkers as of Wednesday morning due to lack of space, port agent MH Bland said.

Suppliers in the port are delayed by around 12-24 hours, subject to availability of space, the port agent added.

The Gibraltar Port Authority has issued a fog warning for Wednesday. The port authority has said that patches of sea fog overnight may reduce visibility to around 500 metres at times.

Strong winds of more than 25 knots are forecast in the port between 11-13 June, which may further impact bunkering operations and schedules.

In Algeciras, suppliers are delayed anywhere between 4-24 hours behind deliveries, MH Bland said.

Prompt bunker availability is tight in Las Palmas, and buyers are advised to book with a notice of between 7-10 days to get deliveries of any fuel grade, a trader told ENGINE.

High swells of above 1.5 metres are forecast in the area until 11 June. Bunker operations are suspended in the outer anchorage areas currently, MH Bland said. Supplies can be carried out in the inner anchorage and at the berth, the port agent added.

Fuel availability has now normalized off Malta, a trader said. Loading delays had affected delivery schedules in Malta over the past few weeks. Buyers can now get delivery of any fuel grade with a lead time of 3-4 days, the trader added.

Fuel availability is normal in Türkiye's Istanbul, and buyers are able to get deliveries easily within 1-3 days, a trader said.

LSMGO availability is stable in the Romanian ports of Constantza, Midia and Mangalia, a local supplier said.  

Africa

Fuel availability remains tight for prompt deliveries in the Togolese port of Lome and off Namibia’s Walvis Bay, a trader said. Buyers are advised to book stems 10 days in advance for VLSFO and LSMGO in both locations, a trader said.

In Nigeria’s Lagos, VLSFO supplies need a lead time of around 5-7 days, a local supplier told ENGINE.

A supplier in Luanda’s Angola said VLSFO and LSMGO supplies can be carried out within 5-6 days.

Prompt fuel availability is tight in South Africa’s Durban and off Algoa Bay, and buyers are recommended lead times of around 5-7 days, a trader said

In Mozambique’s port of Nacala and Maputo, buyers are recommended around 7-10 days of lead time for VLSFO supplies, a trader said.

Bunker fuel availability is tight in Mauritius’ Port Louis. Buyers are recommended longer lead times of between 10-15 days for all fuel grades, according to a trader.

By Nachiket Tekawade

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