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ENGINE: East of Suez Bunker Fuel Availability Outlook

VLSFO and HSFO availability tight in Zhoushan; several East Asian ports could face weather disruptions; availability across all grades good in Colombo.
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ENGINE East of Suez Bunker Fuel Availability Outlook

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 June 2023

  • VLSFO and HSFO availability tight in Zhoushan
  • Several East Asian ports could face weather disruptions
  • Availability across all grades good in Colombo

 

Singapore

A source says that Singapore has been witnessing “decent” demand so far this week. VLSFO and HSFO availability remains tight in the port as it has been in recent weeks. Lead times for VLSFO and HSFO are about 9-12 days – almost unchanged from last week.

Some suppliers, who were offering LSMGO at prompt dates last week, are now offering the grade with lead times of 5-7 days.

Singapore’s fuel oil inventories have grown by 4% over May levels, according to Enterprise Singapore.

The port’s net fuel oil imports have surged by 45% and are at their highest level since June last year, partly due to more fuel oil imports this month. The port’s fuel oil imports have risen by 22% so far this month and are at an 11-month high. Fuel oil exports, on the other hand, have declined by 16%. This has increased the port’s net import surplus.

Meanwhile, Singapore’s middle distillate stocks have grown by 7% over May’s average.

 

East Asia and Oceania

Prompt availability of large VLSFO stems has tightened in Zhoushan owing to delays in custom formalities, but small stems can still be secured with a shorter lead time of 3-5 days, a source says.

LSMGO and HSFO availability remains good in the Chinese bunkering hub, with most suppliers recommending lead times of 2-5 days.

Bunker operations have resumed at Zhoushan’s OPL this morning after being suspended by rough weather since Saturday, a source says. However, strong wind gusts of 23-29 knots and waves of close to a metre are forecast on Tuesday evening, which might hamper bunker deliveries again.

Demand has been normal in Hong Kong so far this week, a source says. Lead times across all bunker fuel grades remain unchanged at 7-10 days.

Meanwhile, VLSFO availability has improved in South Korea. Lead times of around six days are recommended for the grade in western South Korean ports, while around three days are advised for the country’s southern ports. The grade was subject to enquiry last week.

Availability of LSMGO and HSFO has also improved in southern South Korean ports, with lead times coming down from 4-7 days last week to around two days and four days, respectively. On the other hand, lead times for both grades are around six days in western South Korean ports – almost unchanged from last week.

Bad weather conditions are also forecast intermittently between today and 2 July in the South Korean ports of Ulsan, Onsan, Busan, Daesan, Taean and Yeosu, which may disrupt bunker operations.

The Thai ports of Koh Sichang and Leam Chabang are predicted to experience adverse weather conditions between 3-4 July, the Vietnamese port of Ho Chi Minh on 1 July and Hai Phong between 2-3 July, and the Kiwi port of Tauranga between 28 June-3 July, which could hamper bunkering operations.

 

South Asia

Several Indian ports, including Kandla on the northwest coast, and Cochin and Chennai on the southern coast have good availability of VLSFO and LSMGO, with short lead times of around 2-3 days.

But both grades remain subject to availability in Mumbai, Tuticorin and Paradip. Meanwhile, supply is subject to enquiry in Tuticorin port on the southeast coast and Haldia on the east coast.

Rough weather is forecast in the Indian west coast ports of Kandla and Sikka on 30 June, which could affect bunkering.

The Sri Lankan port of Colombo has good availability across all bunker fuel grades.

 

Middle East

Prompt availability of all bunker fuel grades remains tight in Fujairah, as several suppliers are working through backlogs due to recent weather-related delays. Recommended lead times remain unchanged at 5-7 days in the port. But some suppliers can offer all grades at prompt dates depending on stem sizes, a source says.

Lead times of 5-7 days are advised across all grades in the other UAE port of Khor Fakkan – virtually unchanged from last week.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 28 June, 2023

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Winding up

Singapore: Xihe Holdings subsidiaries to be wound up voluntarily, creditors to submit claims

Creditors of Da Zhong Tankers and Xin Ying Shipping are required on or before 17 July 2026 to send in their names and addresses and particulars of their debts or claims to appointed liquidators, says notice.
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June 19, 2026

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Xihe Holdings Pte Ltd subsidiaries Da Zhong Tankers Pte Ltd and Xin Ying Shipping Pte Ltd will voluntarily wind up following resolutions that were passed by written means, according to a Government Gazette notice published on Thursday (18 June).

The resolutions set out below were duly passed:

  • SPECIAL RESOLUTION – WINDING-UP

That the Company be wound up voluntarily pursuant to section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.

  • ORDINARY RESOLUTION – APPOINTMENT OF LIQUIDATORS

That Paresh Tribhovan Jotangia and Ho May Kee of Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960 be and are hereby appointed as joint and several liquidators to conduct the said winding-up and that their remuneration be fixed on the usual scale of their professional charges for the work involved.

  • SPECIAL RESOLUTION – POWERS OF LIQUIDATORS

That the liquidators of the Company be authorised to exercise any of their powers given by section 177, 144 (1) and (2) of the Insolvency, Restructuring and Dissolution Act 2018 and to distribute to members, in specie, any part of the assets of the Company.

In another notice, the liquidator of the company said creditors are required on or before 17 July 2026 to send in their names and addresses with particulars of their solicitors (if any) to liquidator Paresh Tribhovan Jotangia at Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960. 

The liquidator may require creditors or their solicitors to “come in and prove their said debts or claims at such time and place as shall be specified in such notice or in default thereof, they will be excluded from the benefit of any distribution made before such debts are proved.”

Related: Singapore: Additional Xihe Holdings subsidiaries to be placed under judicial management

 

Photo credit: steve pb from Pixabay
Published: 19 June, 2026

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Winding up

Singapore: Liquidator of Parakou Shipping issues notice of dividend

Second and final dividend to admitted creditors of Parakou Shipping is payable by 14 July, according to Government Gazette notice.

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June 19, 2026

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A notice of dividend for Parakou Shipping Pte Ltd, which is currently in voluntary liquidation, was published on the Government Gazette on Thursday (18 June). 

The following are the details of the notice:

Name of Company : Parakou Shipping Pte Ltd (In Creditors’ Voluntary Liquidation)
Address of Registered Office : c/o KordaMentha, 50 Raffles Place, 25-01 Singapore Land Tower, Singapore 048623
Amount per centum : 0.55 per centum of admitted claims (in accordance with the Order of Court HC/ORC 4175/2024)
First and Final or otherwise : Second and Final Dividend to admitted creditors (in accordance with the Order of Court HC/ORC 4175/2024)
When payable : By 14 July 2026
Where payable : c/o KordaMentha Pte Ltd, 50 Raffles Place, #25-01 Singapore Land Tower, Singapore 048623

Related: Singapore: Notice of intended dividend issued for Parakou Shipping Pte Ltd

 

Photo credit: Benjamin Child
Published: 19 June, 2026

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Alternative Fuels

MOL inks bio-LNG bunker fuel supply deals with Titan and Axpo for car carriers in Europe

Titan, part of Amsterdam-based Molgas, will continue to supply bio-LNG fuel in Northwest Europe, while Axpo will take charge of supply in the Mediterranean region.
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June 19, 2026

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MOL inks bio-LNG bunker fuel supply deals with Titan and Axpo for car carriers in Europe

Mitsui OSK Lines (MOL) on Thursday (18 July) said it has signed new supply agreements in Northern Europe and the Mediterranean region to expand the use of bio-LNG marine fuel on MOL-operated LNG-fuelled car carriers.

Titan, part of Amsterdam-based Molgas, will continue to supply bio-LNG fuel in Northwest Europe, while Axpo will take charge of supply in the Mediterranean region.

MOL said the agreement makes it possible for its company to supply bio-LNG fuel for automobile carriers in the Mediterranean region, specifically Port of Malaga and Barcelona in Spain, following the bio-LNG fuel supply agreement in Western Europe, which commenced in March last year.

The bio-LNG fuel to be supplied in this initiative has a lifecycle carbon intensity (carbon dioxide emissions per unit of energy consumption) of -15 g-CO2/MJ or less, from production through consumption. Furthermore, this bio-LNG fuel has obtained International Sustainability and Carbon Certification (ISCC-EU). 

“Through this supply agreement, MOL has established a framework that ensures a continuous and stable supply of bio-LNG fuel not only in Northern Europe but also in the Mediterranean,” the company said.

As part of the group’s efforts to adopt alternative fuels and achieve net-zero greenhouse gas (GHG) emissions, it is utilising LNG-fuelled vessels as a bridge solution to facilitate the transition to carbon-neutral fuels such as bio-LNG and synthetic LNG (e-methane).

In 2025, MOL signed a bio LNG fuel supply agreement in Northwest Europe with Titan, part of the Molgas, and MOL has continued this bio LNG fuel supply agreement with the same company in 2026 as well.

 

Photo credit: Mitsui OSK Lines
Published: 19 June, 2026

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