World News
Brazilian Bunker Suspension Boosts Demand at Aegean's Physical Supply Station in South Africa
Aegean Marine Petroleum Network Inc. [NYSE: ANW] (Aegean) today said it has seen increased levels of interest and bunkering demand for its physical supply station at the anchorage in the bay of Algoa Bay (Port Elizabeth) in South Africa, as a result of the lack of available oil in Brazilian ports in recent days.
"Since its launch in March 2016, the physical supply station at the anchorage area of Algoa Bay in South Africa has proven to be an excellent option for the replenishment of bunkers for vessels engaged in trans-Atlantic and African regional trades" said Gregory Robolakis, Aegean's General Manager of Physical Supply Operations.
"However, since Petrobras suspended bunkering operations at the end last week we have seen a steep increase in enquiries for bunkering options in the bay of Algoa Bay area from ship-owners and operators trying to ensure the supply of their vessels now that Brazilian ports are currently not an option".
As Ship & Bunker previously reported, Aegean commenced bunker supply at anchorage in the bay of Algoa Bay (Port Elizabeth and the adjacent Coega Ports) in March 2016, and the supplier notes it is the first location in South Africa where bunkering at anchorage was an option.
The company originally commenced operations with one barge in support of a mother tanker acting as a floating storage, but by July 2016 had expanded the overall operation to include 3 double-hulled bunker barges suppling IFO RMG 380 and Marine Gasoil (MGO).
"Aegean has made significant investments in our South African operation, which now sees 3 of our largest and most modern barges, Lefkas (2010-built, 6,321dwt), Leros (2010-built, 6,311dwt) and Tilos (2011-built, 6,262wt) working alongside our floating storage, the m/t Umnenga (66,985dwt) to provide customers with top class service levels that guarantee efficient bunkering of vessels at anchorage in the bay of Algoa Bay" said Robolakis.
"As a result of these investments, we are confident in our ability to meet increased levels of ship operators' and owners' demand for bunkers in the region as long as the current situation in Brazil persists."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 646.50 | 5.50 | 773.50 | 11.50 |
| Rotterdam | 604.00 | 5.00 | 756.00 | 5.00 |
| Houston | 630.50 | 1.00 | 798.50 | 4.00 |
| Fujairah | 650.50 | 3.00 | 897.00 | 13.50 |
| Global 20 Ports Average | 662.50 | 1.00 | 858.50 | 0.50 |
| Global 4 Ports Average | 633.00 | 3.50 | 806.00 | 6.50 |
| Global Average Bunker Price | 718.50 | 0.50 | 914.00 | 1.00 |
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