Business

ENGINE: East of Suez Bunker Fuel Availability Outlook

VLSFO supply has tightened further in Singapore on the week, with recommended lead times stretching to 13 days, up from 11 days last week.

Published

5 years ago

October 27, 2021

Admin

The following article regarding regional bunker fuel availability outlook for the East of Suez region has been provided by online marine fuels procurement platform ENGINE for publication on Singapore bunkering publication Manifold Times:

27 October, 2021

Singapore sees longer lead times for VLSFO
Tightness persists in Fujairah’s bunker market

VLSFO supply has tightened further in Singapore on the week, with recommended lead times stretching to 13 days, up from 11 days last week. It can be difficult to source fuel on shorter notice.

Terminal congestion continues to be an issue in the bunkering hub, with delayed barge loadings after a Covid-19 outbreak two weeks ago.

Singapore’s HSFO380 availability remains tight with lead times steady on the week at 10-12 days, while LSMGO requires a shorter 6-7 days in advance.

Higher net imports added 1% to Singapore’s residual fuel oil in the week to 20 October, when they stood at 21.69 million bbls, according to Enterprise Singapore data. Singapore’s fuel oil imports grew by just over 5 million bbls on the week, while exports saw a smaller increase.

Fujairah’s bunker market has tightened significantly on the week, resulting in longer lead times for all three fuel grades. Suppliers are facing cargo shortages due to a lack of blending components, with earliest delivery dates stretching up to the second week of November.

HSFO380 has among the longest lead time in the UAE bunkering hub, at 14 days, while VLSFO and LSMGO require a shorter 10 days, up from six days last week.

Fujairah’s fuel oil stocks gained by 9% on the week, to 7.75 million bbls on 18 October, data from the Fujairah Oil Industry Zone (FOIZ) and S&P Global Platts showed last week.

Bunker supply operations restarted in Zhoushan on Monday, after being disrupted since last Thursday on rough weather. Lead times vary between suppliers, but with some able to offer as soon as 28 October.

HSFO380 supply has become more difficult in Zhoushan this week, with only one supplier able to offer the fuel grade. Earliest replenishment is expected for early November, sources say.

Meanwhile, Shanghai did not experience any weather disruptions last week. Availability of VLSFO and LSMGO remains good, while HSFO380 is tight in the Chinese port.

In Tokyo Bay, the earliest delivery for low sulphur fuel grades is 3-4 November, while HSFO380 usually requires longer lead times to ensure timely delivery.

Photo credit: ENGINE
Published: 27 October, 2021

Legal

Singapore withdraws remaining 127 charges against Hin Leong founder OK Lim

Lim Oon Kuin, also known as OK Lim, was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges on 17 July.

Published

10 hours ago

July 21, 2026

Admin

Founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, has had the remaining 127 charges against him withdrawn, according to The Straits Times on Monday (20 July).

OK Lim was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges, including those for cheating, on 17 July. The discharge means Lim cannot be prosecuted again for the same offences.

Lim, 84, is currently serving a 13½-year prison sentence after the High Court reduced his original 17½-year jail term in March 2026. He was convicted in 2024 on two cheating charges and one count of abetting forgery in a case prosecutors described as one of Singapore’s most serious trade finance frauds.

Lim was convicted in May 2024 of two charges of cheating the Hongkong and Shanghai Banking Corporation (HSBC) and one count of abetting forgery that proceeded to trial out of a total of 130 criminal charges.

He was first charged in court on 14 August 2020, and was subsequently handed further charges in court on 25 September 2020, 30 April 2021 and 24 June 2021 for his role in perpetuating fraud on various financial institutions.

A total of 130 charges were eventually brought against him for cheating and forgery-related offences.

Photo credit: Sora Shimazaki
Published: 21 July, 2026

Winding up

Singapore: Coastal Logistics Pte Ltd to be wound up voluntarily

Coastal Logistics was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

Published

10 hours ago

July 21, 2026

Admin

Several resolutions for Coastal Logistics Pte Ltd were made during an extraordinary general meeting held on 14 July, according to a notice in the Government Gazette on Friday (4 July).

The following resolutions were duly passed during the meeting:

As Special Resolution

That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018);

As Ordinary Resolutions

that Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte Ltd, One Raffles Quay, #27-10 South Tower, Singapore 048583 be appointed as the joint and several Liquidators of the Company for the purpose of such winding up; and
that the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit; and
that a Committee of Inspection will not be formed.

Manifold Times previously reported Nicholas James Gronow, director of Heng Tong Fuels & Shipping and Coastal Logistics, filed statutory declarations for both companies stating the firms cannot continue their businesses due to liabilities.

Both companies were reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

In 2019, several vessels owned by both firms entered the sale & purchase (S&P) market in Singapore.

Photo credit: Drew Beamer
Published: 21 July, 2026

LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

Published

10 hours ago

July 21, 2026

Admin

PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post.

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024.

Photo credit: Pacific International Lines
Published: 21 July, 2026