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ENGINE: East of Suez Bunker Fuel Availability Outlook

Lead times for low sulphur fuel stems are steady on the week in Singapore, Zhoushan and Tokyo, while prompt supply has improved in Fujairah.
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The following article regarding regional bunker fuel availability outlooks for East of Suez ports with special attention to availability in Singapore has been provided by online marine fuels procurement platform ENGINE for publication on Singapore bunkering publication Manifold Times:

11 May 2021

Lead times for low sulphur fuel stems are steady on the week in Singapore, Zhoushan and Tokyo, while prompt supply has improved in Fujairah.

Singapore’s fuel oil inventories surged 11% higher to 27.23 million bbls last week – their highest level since March 2017, Enterprise Singapore data shows. There is more fuel oil in storage as imports have declined and local bunker demand has been muted. The port’s middle distillate stocks rose by 4%.

A combination of growing fuel oil and gasoil stocks and a slowdown in bunker demand has shortened lead times in Singapore. VLSFO stems now require bookings 6-8 days ahead, down from more than 10 days a month ago. LSMGO is also readily available in the port with 4-5 days of lead time needed, down from 5-7 days a month ago.

HSFO380 continues to be less available in the bunkering hub, with lead times steady on the week at 10 days ahead, while shorter compared to 12-15 days during April.

Fujairah’s lead times for VLSFO and LSMGO stems have improved on the week standing at four days, down from five days last week. HSFO380 supply remains tight.

Ships arriving in the UAE port of Khor Fakkan from India will have to complete a 14-day quarantine before crew changes are allowed, Khorfakkan Immigrations has announced. Fujairah has banned crew changes for ships sailing from India since late April, following surging Covid-19 cases in the country.

Northern Chinese ports, including Lianyungang, Lanshan, Rizhao and Qingdao, were hit by rough weather late last week, disrupting bunkering operations in the region over the weekend. Operations have now resumed, and supply backlogs have already been cleared in the local ports.

The bunkering hub of Zhoushan was unaffected by the rough weather as it is located further south. Both Zhoushan and Shanghai require just three days of lead time for low sulphur fuel stems, the shortest among most East of Suez ports. HSFO380 supply is tighter in the two neighbouring Chinese ports, but with some suppliers able to accommodate prompt stems.

Lead times for low sulphur fuel stems in Tokyo are steady on the week, standing at seven days, while HSFO380 supply continues to be tight.

The earliest delivery date for VLSFO in southern South Korean ports stands at 15-16 May. Similar to Tokyo, HSFO380 is tighter in South Korean ports with limited availability.

 

Photo credit: ENGINE
Published: 12 May, 2021

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Winding up

Singapore: Liquidator of Xin Bo Shipping Pte Ltd issues notice of dividend

First interim dividend of Xin Bo Shipping is payable by 7 October, according to Government Gazette notice.
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9 hours ago

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September 24, 2026

By

RESIZED Drew Beamer

A notice of dividend for Xin Bo Shipping Pte Ltd, which is currently in creditors’ voluntary liquidation, was published on the Government Gazette on Wednesday (23 September). 

The following are the details of the notice:

Name of Company : Xin Bo Shipping (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 199003660R
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Amount per centum (US$) : 30.00 cents to a dollar of admitted unsecured claims
First and Final or otherwise : First Interim Dividend
When payable : By 7 October 2026
Where payable : Entitlements will be made either by way of telegraphic transfer or by cheque, to be collected from the Company’s registered address as above.

 

Photo credit: Drew Beamer
Published: 24 September, 2026

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Winding up

Singapore: Creditors’ meeting for Fair Wind Chartering Pte Ltd scheduled for 6 October

A creditors’ meeting of Fair Wind Chartering Pte Ltd has been scheduled to take place at 3pm on 6 October, according to a Government Gazette notice.

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9 hours ago

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September 24, 2026

By

Resized benjamin child

A creditors’ meeting of Fair Wind Chartering Pte Ltd has been scheduled to take place on 6 October, according to a Tuesday (22 September) notice on the Government Gazette.

The meeting will be held via video conferencing at 3pm for the following agenda: 

  • To receive a Statement of Affairs of the Company, showing the assets and liabilities, together with a list of creditors and the estimated amount of their claims.
  • To confirm the appointment of Chee Fung Mei, Licensed Insolvency Practitioner, of CHEE FM & ASSOCIATES 110 Middle Road #05-03 Singapore 188968 as Liquidator of the Company for the purpose of such voluntary winding up, and that the Liquidator’s fees be based on her normal scale rates and disbursements incurred be paid out of the Company’s assets.
  • To consider and if deemed fit appoint a Committee of Inspection.
  • To consider any other matters which may properly be brought before the meeting.

According to the Singapore Business Directory website, the company’s principal activity is shipping and chattering of ships or boats. 

Note: To entitle you to vote thereat, your Proof of Debt must be lodged with the Provisional Liquidator not later than 10:00am on the 5th October 2026. Please submit your Proof of Debt and register your attendance by email to [email protected] to receive further details on the video conference.

 

Photo credit: Benjamin Child
Published: 24 September, 2026

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Business

Straits Energy proposes MYR 90 million capital reduction to offset accumulated losses

Straits Energy Resources proposed to undertake a reduction of MYR 90 million of its issued share capital to offset accumulated losses of the company and strengthen its financial position.
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9 hours ago

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September 24, 2026

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Resized Straits Energy Resources Berhad

Bursa Malaysia-listed Straits Energy Resources Berhad (Straits) on Monday (21 September) proposed to undertake a reduction of MYR 90 million (USD 22 million) of its issued share capital to offset accumulated losses of the company and strengthen its financial position.

In a filing with Bursa Malaysia, the company said the proposed capital reduction entails the reduction of the issued share capital of Straits via the cancellation of the company’s paid-up share capital, which is substantially lost or unrepresented by available assets. 

The corresponding credit of MYR 90 million arising from the proposed exercise will be utilised to partially offset the accumulated losses while any balance credit will be credited to the capital reserve account which would serve as an additional credit buffer to set off future losses of the company.

The MYR 90 million was determined by the Board, after taking into consideration amongst others, the unaudited accumulated losses of the company for the financial year ended 30 June 2026 of MYR 101.91 million.

The proposal will not have any effect on the number or percentage of shares held by the substantial shareholders of the company as it does not involve any issuance, cancellation or transfer of shares held by the shareholders.

“Barring any unforeseen circumstances and subject to all required approvals being obtained, the proposed capital reduction is expected to be completed in the first quarter of 2027,” the company added. 

 

Photo credit: Straits Energy Resources
Published: 24 September, 2026

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