Fujairah port stops bunkering after floods – Traders

by Admin
Fujairah port

Fueling for ships at the UAE’s Port of Fujairah, the world’s third largest bunkering hub, was stopped due to flooding, traders said July 28.

“Operations stopped yesterday evening. It is a very bad situation,” a Dubai based trader told S&P Global Commodity Insights.

“Backlog and delays are there due to no supply. This is just a start, expecting it to be for 18-20 hours,” said a second trader.

The port was not available to comment. Efforts to reach the Vitol and Uniper Energy refineries in Fujairah were also unsuccessful.

Rain clouds will be over some areas in the region, on the UAE’s east coast, and may move into some interior regions, accompanied by active and sometimes strong winds with a speed of 45 km/hour, the National Centre of Meteorology said on its website.

With most bunker fuel oil prices higher, marine fuel with 0.5% sulfur bunkers delivered Fujairah jumped 2.9% to $890/mt on July 28, according to Platts assessments by S&P Global Commodity Insights.

Source Platts