Europe & Africa Fuel Availability Outlook 2 Sep

Prompt fuel supplies are tight in the ARA

High cruise demand tightens availability in Piraeus

Lead times of 5-7 days required in Durban

IMAGE: Passenger ships in the Port of Piraeus. Getty Images

Northwest Europe

Fuel availability is tight in the ARA for prompt delivery dates, with buyers advised lead times between 5-7 days for deliveries of HSFO, VLSFO, ULSFO and LSMGO fuel grades, a trader said.

The ARA's independently held fuel oil stocks have averaged 15% higher in August thus far, compared to July's monthly average, according to Insights Global data.

The ARA hub has imported around 344,000 b/d of fuel oil in August thus far, more than double July's monthly average of around 159,000 b/d, according to Vortexa cargo flows data. The largest volumes arrived from Benin (20%), Venezuela (15%) and Mexico (8%).

The region's independent gasoil inventories - which include diesel and heating oil - have dropped by 1% in August so far, compared to July, according to the Insights Global data.

The region has imported around 156,000 b/d of gasoil in August thus far, up from an average of around 119,000 b/d imported in July, according to Vortexa data. A majority of shipments arrived from the US (36%), Sweden (12%) and the UK (10%).

Bunker fuel availability is stable in Germany’s Hamburg port, a trader told ENGINE. Buyers are recommended a notice of five days to get delivery of any fuel grade.

Fuel availability is tight off Denmark Skaw and in Sweden’s Gothenburg, with buyers advised lead times of 10-14 days for deliveries of any fuel grade, a trader said.

Mediterranean

Bunker availability is tight for prompt dates at ports in the Strait of Gibraltar, with buyers advised earliest delivery dates of around 10-12 days out to get good coverage, a trader told ENGINE.

Suppliers in Gibraltar are running 4-12 hours behind schedule on deliveries, according to port agent MH Bland. In Algeciras, suppliers are running between 6-24 hours delayed, the port agent added. In Spain’s Ceuta, some deliveries at barge could be delayed by 6-8 hours, MH Bland said.

In Barcelona, buyers should book supplies at least a week before deliveries, a trader told ENGINE.

Prompt fuel availability is tight in Las Palmas, with buyers recommended lead times of around 10-12 days, a trader told ENGINE.

VLSFO and LSMGO deliveries off Malta require between 3-4 days of notice while ULSFO deliveries require six days of lead time, according to a trader. Some suppliers are offering prompt deliveries as well, the trader added.

Fuel availability is tight in Greece’s Piraeus for prompt supplies due to increased demand from cruise vessels, with buyers recommended lead times of seven days for HSFO, VLSFO and LSMGO, while ULSFO supplies need a 5-day notice, a trader said.

Prompt fuel availability is okay in Turkey’s Istanbul for most marine fuels, a local supplier told ENGINE. LSMGO and ULSFO deliveries need 1-3 days of notice, while VLSFO needs 2-4 days’ time, a trader said. HSFO availability is slightly tight for prompt supplies in Istanbul, with buyers advised 4-7 days of lead time, the trader added.

Africa

In Togo’s Lome and off Namibia’s Walvis Bay, fuel availability is tight for prompt supplies of VLSFO and LSMGO, with buyers recommended a week of notice for both fuel grades.

VLSFO is not available in Angola’s Luanda, a supplier told ENGINE. LSMGO availability is comparatively stable, and a notice of 3-4 days is sufficient for deliveries of the fuel grade, the supplier added.

In Nigeria’s Lagos anchorage, prompt fuel supplies are tight, and buyers are advised lead times of 5-10 days, a local supplier said.

In South Africa’s Durban, prompt fuel supplies of all three grades are tight, a trader said. Buyers are advised a week's notice for any fuel grade.

Bunker availability is tight in Port Louis, with suppliers requiring notice of around 10-14 days, a trader said.

In the Mozambican ports of Nacala and Maputo, VLSFO supplies are tight and need lead times of a week, a trader told ENGINE.

By Nachiket Tekawade

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