Fuel-Oil Cargoes to Singapore Poised to Decline Next Month
Fuel-oil cargoes to Singapore from outside Asia may fall to 2.165 million metric tons next month, or 14.5 million barrels, according to vessel-charter data compiled by Bloomberg.
At least eight Very Large Crude Carriers, booked to collect the fuel from ports in Europe, the Caribbean and the U.S., may arrive in Singapore in March, according to Poten & Partners Inc., a broker in New York. That compares with 3.555 million tons set to arrive this month and 3.265 million tons in January.
Two VLCCs have so far been booked to carry 545,000 tons of the shipping and power-station fuel to Singapore in April, according to the data. Singapore is Asia’s oil hub and the region’s largest port for fuel-oil cargoes.
The following is a summary of all VLCCs reported as booked to carry fuel oil to Singapore. Cargo sizes are in thousands of tons. Arrival time is calculated based on information on the e- ships.net website and assuming a total of four days for loading and unloading at ports.
A VLCC can carry about 2 million barrels of oil. Charters can be canceled and traders can also hire smaller vessels.
Vessel Name Cargo Load Arrival
Singapore
April
Homam Star 270 Rotterdam April 2
Samail 275 Skaw April 3
Total 545
March
Hanjin Ras Tanura 270 Caribbean March 21
Seaking 270 Caribbean March 19
Phoenix Vanguard 275 Rotterdam March 16
Vega Star 270 Caribbean March 13
Azumasan 270 Caribbean March 11
Maersk Hakone 270 Caribbean March 10
BW Lake 270 Caribbean March 9
Maersk Nautica 270 U.S. Gulf March 3
Total 2,165
February
Front Serenade 270 Rotterdam Feb. 26
BW Bauhinia 270 Caribbean Feb. 24
British Pride 275 Rotterdam Feb. 24
Vigro Star 275 Caribbean Feb. 20
Samco Amazon 275 Caribbean Feb. 19
Jana 275 Caribbean Feb. 17
Al Riqqa 275 Rotterdam Feb. 15
BW Lion 275 Caribbean Feb. 11
Selene Trader 275 Caribbean Feb. 10
Blue Topaz 275 Caribbean Feb. 6
Frontline TBN 270 Skaw Feb. 2
Front Commander 275 Caribbean Feb. 1
Bunga Kasturi Dua 270 Tallin Feb. 1
Total 3,555
January
Total 3,265
December
Total 2,445
November
Total 2,170
October
Total 835
September
Total 1,650
August
Total 1,375
July
Total 1,900
To contact the reporter on this story: Winnie Zhu in Shanghai at wzhu4@bloomberg.net
To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net
Rate this Page