ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Northwest Europe Prompt supply is tight in the ARA ports, a trader said, and buyers should allow lead times of 5-7 days to get competitive offers from a wide selection of suppliers, a trader told ENGINE.

Verde Marine Energy said this week that it has added more barges to Flushing, Ghent and Ternuezen.

The ARA’s independently held fuel oil stocks have averaged 7% higher in October so far, compared to September’s monthly average, according to Insights Global data.

The region’s independent gasoil inventories – which include diesel and heating oil – have gained 6% in October so far, compared to September, according to the Insights Global data.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →