February 11, 2019 [TankTerminals.com] - Overview: Fuel Oil Market. Storage Opportunities: Chemicals (S. France, New York, S. Carolina, Louisiana), Vegoils (Louisiana), Crude (Colombia).
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Overview: Fuel Oil Market
The end of 2018 and the beginning of 2019 showed quite a bit of ARB activity with some VLCC’s and Suezmax’s heading for Singapore. Spreads are cooling off a tad, or better: are off their highs but the market is still firm throughout 2019 in anticipation of IMO2020. Spreads in the first month of 2020 are backwardated as well, and although most market participants are expecting high sulphur oversupply, contango is still not there.
On that note, we think spreads should cool off in Q419 as well, as ships should take low sulphur bunkers before 2020 to fully comply. On the storage side, tanks are rented out but are not necessarily full. It’s 2020 position taking more than anything else as margins are low, storage costs and working capital costs are high, and rolling your position is very costly.
Tank Storage Availability Worldwide | ||||
Capacity (m3) | Product | Location | Available from | Enquire for Storage |
---|---|---|---|---|
New | ||||
4,000 | Chems | South France – inland | Now | Click here |
21,000 | Chemicals | New York, USA | Now | Click here |
260,000 | Chemicals | Louisiana USA | Now | Click here |
20,000 | Chemicals | South Carolina, USA | Now | Click here |
110,000 | Crude | Colombia (Caribbean) | Now | Click here |
Belgium – The Netherlands | ||||
222,600 | Diesel / Gasoil | ARA | Q1, 2019 | Click here |
96,400 | Light Ends | ARA | Now / Q1, 2019 | Click here |
6,240 | Chemicals | ARA | Now / Q2, 2019 | Click here |
800 | Chemicals | Inland | Now / Q1, 2019 | Click here |
2,000 | Vegoils | ARA | Now | Click here |
50,000 | Biodiesel | ARA | Q1-Q3, 2019 | Click here |
10,000 | Bitumen | ARA | Now / Q1, 2019 | Click here |
North Europe | ||||
460,000 | Diesel / Gasoil | North Germany | Now | Click here |
6,000 | Diesel / Gasoil | North Germany | Q1, 2019 | Click here |
8,240 | Easy Chemicals | Inland Germany | Now | Click here |
30,000 | Light Ends | West Coast UK | Now | Click here |
3,000 | Diesel / Gasoil | West Coast UK | Now | Click here |
10,000 | Various Products | West Coast UK | Now | Click here |
660,000 | Crude | West Coast UK | Q2/Q3, 2019 | Click here |
360,000 | Diesel / Gasoil | West Coast UK | Q2/Q3, 2019 | Click here |
40,000 | Various | East Coast UK | Now | Click here |
15,000 | Various | East Coast UK | Q4, 2019 | Click here |
15,000 | Diesel / Gasoil | East Coast Scotland | Now | Click here |
100,000 | Light Ends FP<60 | Ireland | Now | Click here |
200,000 | Crude | Ireland | Now | Click here |
4,700 | Various | Denmark | Now | Click here |
517,000 | Diesel / Gasoil | Denmark | Now | Click here |
122,500 | Light Ends | Denmark | Now | Click here |
100,000 | Dirty Pet Prods | Denmark | Now | Click here |
155,500 | Diesel / Gasoil | Sweden | Now | Click here |
74,579 | Dirty Petroleum Products | Sweden | Now | Click here |
5,000 | Vegoils | Sweden | Now | Click here |
15,000 | Light Ends | Sweden | Now | Click here |
8,300 | Light Ends | Norway | Now | Click here |
20,000 | Diesel / Gasoil | Norway | Now | Click here |
391,000 | Diesel / Gasoil | Finland | Now | Click here |
75,000 | Diesel / Gasoil | Estonia | Now | Click here |
60,000 | Light Ends | Estonia | Now | Click here |
200,000 | Crude | Baltics | Now | Click here |
9,000 | Light Ends FP<60 | Latvia | Now | Click here |
South Europe | Mediterranean | Black Sea | ||||
6,000 | Chemicals | NW France | Now | Click here |
260,000 | Crude | France | Now | Click here |
60,000 | Diesel | NW France | Now | Click here |
7,000 | Vegoils | South France – Marseille | Now | Click here |
7,000 | Gasoline / Componenten | North France | Q2, 2019 | Click here |
5,000 | Chemicals | North France – Inland | Now | Click here |
10,000 | Easy Chemicals / Vegoils | NW France | Now | Click here |
400,000 | Crude | NW Spain | Q3, 2019 | Click here |
5,000 | Light Ends | NW Spain | Now | Click here |
50,000 | Vegoils | NW Spain | Now | Click here |
25,000 | Fuel Oil/ Veg Oils | South Spain | Now | Click here |
45,000 | Clean Petroleum Products | South Spain | Now | Click here |
35,000 | Biodiesel | East Spain | Q1, 2019 | Click here |
55,000 | Chemicals | East Spain | Q1-Q2, 2019 | Click here |
279,000 | Diesel / Gasoil | East Spain | Now | Click here |
45,000 | Dirty Petroleum Products | East Spain | Now | Click here |
80,000 | Light Ends | East Spain | Q1, 2019 | Click here |
62,000 | Clean Petroleum Products | Malta | Now | Click here |
7,500 | Chemicals | NE Italy | Now | Click here |
15,000 | Diesel | NE Italy | Now | Click here |
8,000 | Chemicals | NW Italy | Now | Click here |
28,000 | Diesel / Gasoil | NW Italy | Now | Click here |
30,000 | Diesel / Veg oil / Edible | NW Italy | Now | Click here |
9,900 | Light Ends | Albania | Now | Click here |
22,000 | Veg oil / Diesel / No heating | Albania | Now | Click here |
10,000 | Chems / petroleum prods | Croatia | Now | Click here |
300,000 | Crude | Croatia | Now | Click here |
45,000 | Diesel / Gasoil | East Med | Now | Click here |
58,000 | Diesel | Turkey | Now | Click here |
45,000 | Fuel Oil | SE Turkey | Now | Click here |
120,000 | Light Ends FP<60 | SE Turkey | Now | Click here |
40,000 | Light Ends FP<60 | Romania | Now | Click here |
30,000 | Clean Petroleum Products | Georgia | Now | Click here |
100,000 | Crude / Dirty Petroleum Products | Georgia | Now | Click here |
5,000 | Vegoils / Chems | Ukraine, Black Sea | Now | Click here |
30,000 | Clean Petroleum Products | Ukraine, Danube | Now | Click here |
45,000 | Dirty Petroleum Products / Black Prods | Ukraine, Danube | Now | Click here |
12,000 | Fuel oil / Vegoils, heating | Ukraine, Danube | Now | Click here |
5,000 | Base oils / Chems | SW Russia | Now | Click here |
20,000 | Methanol | SW Russia | Now | Click here |
Africa | ||||
14,200 | Chems, excl. acids | Egypt | Now | Click here |
6,000 | Easy Chems / Vegoils /Edible | Egypt | Now | Click here |
10,000 | Petroleum Products | Egypt | Now | Click here |
2,000 | Chemicals | Kenya | Now | Click here |
12,000 | Chemicals | Tanzania | Now | Click here |
12,000 | Gasoil | Tanzania | Now | Click here |
55,000 | Diesel / Gasoline | Ghana | Sept, 2017 | Click here |
2,200,000 | Crude | South Africa | Now | Click here |
10,000 | Gasoline | South Africa | Now | Click here |
10,000 | Diesel | South Africa | Now | Click here |
Middle East | ||||
100,000 | Various Products | Gujarat, India | Now | Click here |
30,000 | Chems | Gujarat, India | Now | Click here |
15,000 | Bitumen | Gujarat, India | Now | Click here |
100,000 | Diesel / Gasoil | Gujarat, India | Now | Click here |
50,000 | Light ends | Gujarat, India | Now | Click here |
884,200 | Various Products | UAE | Sept, 2017 | Click here |
172,000 | Diesel / Gasoil | UAE | Now | Click here |
91,180 | Light Ends FP<60 | UAE | Now | Click here |
74,000 | Dirty Petroleum Products | UAE | Now | Click here |
35,795 | Chems | UAE | Now | Click here |
Far East Asia | ||||
30,000 | Light Ends | South China | Now | Click here |
200,000 | Dirty Petroleum Products | South China | Now | Click here |
200,000 | Dirty Petroleum Products | North China | Now | Click here |
200,000 | Dirty Petroleum Products | Gr. Ningbo | Now | Click here |
300,000 | Crude | Gr. Ningbo | Now | Click here |
300,000 | Crude | Shangdong | Now | Click here |
8,000 | Chemicals | Shangdong | Now | Click here |
3,500 | Chemicals | Gr. Ningbo | Now | Click here |
5,500 | Chemicals | South China | Now | Click here |
75,000 | Dirty Petroleum Products | South Korea | Now | Click here |
14,100 | Chemicals | South Korea | Now | Click here |
72,500 | Light Ends | South Korea | Now | Click here |
90,000 | Dirty Petroleum Products | Malaysia | Now | Click here |
22,000 | Vegoils / Chems | Malaysia | Q2, 2019 | Click here |
400,000 | Dirty Petroleum Products | Singapore | Now | Click here |
46,000 | Light Ends | Singapore | Now | Click here |
580,000 | Light Ends / Diesel | Singapore | Q3, 2019 | Click here |
60,000 | Light Ends / Diesel | Singapore | Q4, 2019 | Click here |
200,000 | Diesel / Gasoil | Gr. Singapore | Now | Click here |
255,000 | Dirty Petroleum Products | Gr. Singapore | Now | Click here |
North America | ||||
320,000 | Light Ends | California USA | Now | Click here |
150,000 | Light Ends | California USA | Q2, 2019 | Click here |
20,000 | Chemicals | California USA | Now | Click here |
2,360,000 | Dirty Petroleum Products | New York USA | Now | Click here |
2,295,000 | Crude | New York USA | Now | Click here |
50,000 | Chems | New Jersey USA | Now | Click here |
100,000 | Diesel / Gasoil | New Jersey USA | Now | Click here |
50,000 | Light Ends | Washington, USA | Q2, 2019 | Click here |
76,000 | Dirty Petroleum Products | Maryland USA | Now | Click here |
100,000 bbl | LPG | New Hampshire, USA | Now | Click here |
570,000 | Various Products | Georgia USA | Now | Click here |
265,000 | Chemicals | Louisiana USA | Now | Click here |
210,000 | Various Products | Texas, USA | Now | Click here |
194,000 | Chemicals | Texas, USA | Q1, 2019 | Click here |
Central & South America | ||||
350,000 | Crude | Bahamas | Now | Click here |
2,300,000 | Diesel / Gasoil | Aruba | Now | Click here |
190,000 | Various Products | Puerto Rico | Now | Click here |
392,000 | Diesel / Gasoil | Colombia (Caribbean) | Now | Click here |
285,000 | Dirty Petroleum Products | Panama, Atlantic | Now | Click here |
29,500 | Dirty Petroleum Products | Argentina | Now | Click here |
10,000 | Diesel/ Gasoil | Argentina | Now | Click here |