The status of marine fuel access in ports in Northwestern Europe and other parts of Africa has become severely restricted. Reports indicate that buyers in various ports must consider longer lead times for fuel supply.
Status of Northwestern European Ports
In ARA ports, access to fuel has become severely restricted, and buyers must consider a lead time of 5 to 7 days for fuel supply from suppliers. Additionally, demand for B100 fuel in Rotterdam has increased, with its price reaching approximately $1,182 per ton, creating a price difference of $265 compared to the price of LSMGO in this port, which is $1,447. This price gap has increased by $194 in the past month.
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Status of Mediterranean and African Ports
In the ports of the Strait of Gibraltar, access to marine fuels is limited, and buyers must account for a lead time of 7 to 10 days for fuel supply. In Grenada, suppliers provide fuel without delay, but in Algeciras, some suppliers face delays of 4 to 12 hours. Additionally, in Barcelona, suppliers require a one-week lead time.
In South Africa, the ports of Durban and Cape Town are facing severe shortages, and buyers must provide a lead time of 10 to 15 days before fuel supply. In Port Louis, buyers must reserve 10 to 14 days prior to fuel supply. Also, in the ports of Nacala and Maputo in Mozambique, access to marine fuel is limited, and buyers must consider a lead time of 5 to 7 days.
On the coasts of Nigeria, the supply of VLSFO is severely restricted, and buyers must account for a lead time of 10 to 12 days for fuel supply. Additionally, in Angola, VLSFO is unavailable, and a lead time of 5 to 7 days is required for LSMGO.
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