The Baltic index has recorded a monthly gain driven by robust capesize demand in the shipping industry. This positive trend reflects the ongoing dynamics in the global maritime sector.
In North America, the bunker demand in Houston has shown a decrease this week. However, the availability of all fuel grades remains stable for immediate supply in the region. Suppliers in Houston are capable of providing stems with lead times ranging from 5 to 7 days. Notably, High-Sulfur Fuel Oil (HSFO) requires a longer lead time exceeding seven days.
Conversely, there has been a resurgence in bunker demand at the New Orleans Outer Anchorage (NOLA) recently. This increase can be attributed to the drop in Very Low-Sulfur Fuel Oil (VLSFO) and Low-Sulfur Marine Gas Oil (LSMGO) prices in NOLA compared to those in Houston. Bunker fuel availability is reported to be favorable in NOLA, with multiple suppliers offering both fuel grades for immediate delivery.
Furthermore, the availability of VLSFO and LSMGO remains adequate for immediate dates in Bolivar Roads. However, deliveries in this area are subject to weather conditions and specific delivery schedules.
At the Galveston Offshore Lightering Area (GOLA), bunkering operations are progressing smoothly as of the latest update. The majority of suppliers can deliver VLSFO and LSMGO stems within 3-5 days of lead time. Notably, there has been an increase in demand for all fuel grades in GOLA this week.
Meanwhile, the West Coast ports of Long Beach and Los Angeles have experienced low bunker demand in the current period. Despite this, the availability of all fuel grades remains normal, with lead times averaging around 5-7 days.
Overall, the shipping industry in North America is witnessing varying levels of bunker demand and fuel availability across different regions, reflecting the dynamic nature of the sector.
