The marine fuel supply in the northwestern European ports, especially in the ARA ports (Amsterdam, Rotterdam, and Antwerp), is facing restrictions due to high market demand. Currently, buyers need a pre-payment time of 5 to 7 days to receive competitive offers from various suppliers.
The Fuel Supply Situation in European Ports
Verde Marine Energy has recently added several barges to the ports of Flushing, Ghent, and Terneuzen. Additionally, the inventory of fuel oil has increased by an average of 7 percent in October compared to September. Independent diesel inventories have also grown by 6 percent this month.
Read more: A decrease of 3.1 million barrels in crude oil inventory in the United States
In the port of Hamburg, fuel supply is being carried out steadily, and suppliers are requesting 5 days of pre-payment time. However, in the ports of Denmark and Sweden, buyers must consider 10 days of pre-payment time to receive fuel supply.
Challenges in Fuel Supply in the Mediterranean and Africa
The fuel supply situation in the Strait of Gibraltar ports is also under severe pressure due to restrictions, and buyers must pay attention to a pre-payment time of 7 to 10 days to receive supply. In the port of Algeciras, some suppliers are experiencing delays of 24 to 32 hours in deliveries, and in the port of Barcelona, a pre-payment time of one week is required for fuel deliveries.
In the port of Las Palmas, due to rough waves and bad weather conditions, fuel supply activities have been suspended, and buyers must consider 7 to 8 days of pre-payment time for deliveries. Additionally, the bad weather situation in Malta has halted all fuel supply operations in this area.
In Africa, the fuel supply situation in the port of Lome, Togo is also facing restrictions, and buyers must consider 5 to 7 days of pre-payment time for VLSFO and LSMGO supply. In the port of Lagos, Nigeria, the pre-payment time for VLSFO supply has reached 10 to 12 days.
In Luanda, VLSFO is unavailable, and only LSMGO can be delivered within 3 to 4 days. In the port of Walvis Bay, Namibia, the fuel supply situation is also limited, and buyers must consider 5 to 7 days of pre-payment time to receive supply.
Finally, the fuel supply situation in the ports of Durban and Cape Town, South Africa, is also severely limited, and buyers must have 10 to 15 days of pre-payment time for deliveries. In the port of Louis, Mauritius, buyers must register for fuel supply 10 to 14 days before their need.
Read more: Review of oil facility reconstruction at the government meeting · Norway expands natural gas supply to Europe with a new contract
