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ENGINE: East of Suez Bunker Fuel Availability Outlook (24 Mar 2026)

Fuel availability tight in Singapore; bunker demand low in several South Korean ports; fuel availability tight across all grades in Fujairah.

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RESIZED ENGINE East of Suez

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:

  • Fuel availability tight in Singapore
  • Bunker demand low in several South Korean ports
  • Fuel availability tight across all grades in Fujairah

Singapore and Malaysia

Bunker prices in Singapore have remained firm, largely driven by escalating tensions in the Middle East. The situation has kept Brent crude prices firm and disrupted trade flows through the Strait of Hormuz, a critical corridor for global oil shipments.

In the prompt market, VLSFO remains under pressure with lead times of 8–11 days, while HSFO availability continues to be restricted within a 9–16 day range, largely unchanged week-on-week.

Singapore’s LSMGO price has edged lower this week but remains elevated, supported by tight supply, steady demand and firm gasoil cargo prices. Some bunker suppliers are applying premiums to take advantage of prevailing conditions. At the same time, supply disruptions and uncertainty in Fujairah have redirected LSMGO demand towards alternative hubs such as Singapore, according to a source.

Concerns over securing future gasoil import cargoes into Singapore have added further upward pressure. Meanwhile, the port’s middle distillate stocks averaged 12% lower so far in February.

Lead times for LSMGO have widened from 6–9 days last week to 5–12 days currently.

On the other hand, Singapore’s residual fuel oil inventories have averaged 4% higher so far this month compared to February, according to Enterprise Singapore data. Fuel oil stocks remain above 23 million bbls, supported by a sharp 43% increase in net imports in March. Total imports have risen by 1.13 million bbls, while exports have declined by 271,000 bbls.

At Port Klang, VLSFO availability remains relatively stable, particularly for smaller prompt stems. However, LSMGO supply has tightened, and HSFO availability continues to be limited, making both grades increasingly difficult to secure.

East Asia

Bunker prices across most Chinese ports have climbed sharply, closely following the rise in crude prices amid escalating tensions in the Middle East—particularly around the Strait of Hormuz.

In response, China “imposed a ban on refined fuel exports in March to avoid a potential domestic fuel shortage arising from Middle East tensions,” a source said.

Despite this move, fuel availability across all grades remains steady, according to a Zhoushan-based trader. Most suppliers are now advising lead times of 3–5 days for all grades, easing from 5–10 days last week.

Supply conditions vary across northern China. Dalian and Qingdao report sufficient availability of VLSFO and LSMGO, although HSFO remains limited in Qingdao. In Tianjin, supply is tight across all grades, while in Shanghai, both VLSFO and HSFO stocks are constrained, with LSMGO availability relatively stable.

Further south, supply pressures are more pronounced. VLSFO and LSMGO are tight in Fuzhou, while Xiamen has adequate VLSFO but limited LSMGO supply. Both grades remain constrained in Yangpu and Guangzhou.

In Hong Kong, bunker availability is largely stable, with lead times holding at around seven days for all grades in recent weeks.

In Taiwan, bunker supply has not been significantly affected by Middle East tensions, although there has been a slight increase in bunker calls. Prices, however, have reacted more strongly, as the Brent volatility linked to Middle East tensions has significantly influenced bunker prices, a trader said.

Recommended lead times for VLSFO and MGO in Keelung, Taichung and Hualien are around two days, while deliveries in Kaohsiung require approximately three days due to CPC’s MGO barge maintenance.

In South Korea’s southern ports—including Busan, Ulsan, Masan, Onsan, Yeosu and Kwangyang—HSFO supply remains tight, with most offers available only on enquiry. Lead times for VLSFO and LSMGO are generally around 3–4 days, largely unchanged from the previous week.

At western ports such as Incheon, Daesan, Dangjin, Pyeongtaek and Taean, HSFO is similarly offered on a firm enquiry basis. Meanwhile, VLSFO and LSMGO lead times have eased slightly to 2–4 days, down from 3–6 days last week.

Elevated bunker prices have discouraged buyers from sourcing fuel at South Korean ports, resulting in subdued demand, according to a source.

Seasonal winter conditions continue to pose operational risks. Weather-related disruptions are expected to potentially affect Busan and Ulsan on 23–24 March and 27–29 March, and Yeosu on 27–29 March.

In Japan, the domestic bunker market remains under intense strain amid persistent Middle East tensions. Last week, the government initiated the release of both strategic reserves and private-sector stockpiles equivalent to 15 days’ supply in an effort to stabilise the market. However, these crude volumes will take time to be refined into bunker fuels and reach end-users, meaning tight supply conditions are expected to persist through April, a Japan-based trader said.

Major domestic refiners have formally informed suppliers that marine bunker volumes will be reduced by approximately 50% starting in April, as they shift focus toward fulfilling term commitments. As a result, most suppliers have halted spot offers for late March and April, prioritising existing contractual obligations.

Hyundai, leveraging its import tank terminal in Nagoya, appears more flexible than domestic refiners. Depending on cargo arrival schedules, spot enquiries in the Nagoya region remain possible, presenting a rare “chance” in contrast to other regions where availability is effectively zero.

Meanwhile, Japanese refiner ENEOS occasionally retains the ability to issue direct offers. Although its selection process is highly stringent and varies daily, based on internal inventory levels, the opportunity is not entirely ruled out. Beyond these limited channels, spot supply is described as virtually non-existent, the source added.

Consequently, availability across all fuel grades in major Japanese hubs—including Tokyo, Chiba, Yokohama, Kawasaki, Nagoya, Yokkaichi, Mizushima, Kashima, Tokuyama and Oita—is now assessed strictly on an enquiry basis.

In Indonesia, by contrast, supply conditions remain relatively stable. VLSFO availability is steady in Jakarta, Surabaya, Balikpapan and Cigading, with lead times of around 2–3 days. LSMGO supply is also stable across Jakarta, Benoa, Surabaya and Batam, while HSFO stocks are well supplied in Jakarta, Surabaya and Balikpapan, according to a trader.

Oceania

Bunker prices across several Australian ports remain elevated, largely due to constrained availability. Some suppliers are limiting sales to contracted customers, while others are unable to offer spot bunkers altogether, according to an Australia-based trader.

In Western Australia, suppliers in Kwinana and Fremantle typically require about a week’s notice. Deliveries are mainly carried out via barge through a single provider, although LSMGO can also be supplied by truck.

In New South Wales, VLSFO deliveries at Port Kembla can be arranged by truck or pipeline. Sydney suppliers maintain healthy inventories of VLSFO and LSMGO, but HSFO availability remains tight, with lead times of around seven days.

In Queensland, ports such as Brisbane and Gladstone are supplying VLSFO and LSMGO with lead times of roughly seven days. HSFO is available on request in Brisbane. Deliveries of VLSFO and LSMGO are handled by two barges operated by separate suppliers, while HSFO is offered strictly on an enquiry basis.

In Victoria, inventories of VLSFO and LSMGO are adequate in both Melbourne and Geelong, though HSFO availability is limited for prompt deliveries. Bunkering operations in these ports depend on a single barge, with lead times close to seven days.

At the same time, Australia’s northern cyclone season, spanning November to April, is expected to cause intermittent disruptions. Tropical Cyclone Narelle is tracking parallel to the Pilbara coast from Wednesday to Thursday, before turning south–southeast on Friday, with a likely impact on Western Australia’s west coast over the weekend.

Several ports—including Broome, Port Hedland, Dampier, Ashburton, Varanus Island, Port Walcott, Cape Preston, Onslow, Barrow Island and Carnarvon—are moving toward full clearing within 24 hours, according to GAC Hot Port News.

In New Zealand, bunker supply conditions remain stable. VLSFO is readily available in Tauranga and Auckland, with some berths in Tauranga connected by pipeline. At Marsden Point, both VLSFO and LSMGO can be delivered via pipeline to cargo vessels, although truck-based deliveries across South Island ports continue to face limitations.

South Asia

Adverse weather is expected to disrupt operations at India’s Kandla, Sikka and Visakhapatnam ports on 28 March, and at Mumbai on 24 and 26 March, potentially impacting bunkering activities.

Middle East

Despite continued volatility in the Middle East, bunkering operations in Fujairah are ongoing, even after repeated attacks on the port in recent weeks, a source said.

While authorities in Fujairah and Khor Fakkan have not issued official alerts, navigational warnings have been circulated following reports of intermittent GPS spoofing and signal jamming offshore. Such disruptions can result in inaccurate positioning, erratic vessel movements and misleading navigational data, prompting guidance for mariners to treat the area as high risk, according to Inchcape Shipping.

Fuel availability remains tight across all grades, with offers subject to firm enquiry, a trader noted. In Fujairah, bunkering continues “depending on the port and booking conditions, though delays are possible due to vessel rerouting and port congestion,” another source said.

Elsewhere in the UAE, operations at Jebel Ali, Hamriya and Sharjah Port are proceeding as normal. Petroleum terminals in Abu Dhabi, including Ruwais, are also functioning without disruption.

Ras Al Khaimah Ports remain open and fully operational. However, RAK Ports Group will introduce a marine risk surcharge for all vessels calling at its ports, harbours, anchorages and approaches, according to shipping agency Inchcape Shipping.

In Kuwait, both Shuaiba and Shuwaikh ports continue to operate normally.

In Saudi Arabia, no formal alerts have been issued, although bunker availability remains tight in Jeddah, particularly for VLSFO and LSMGO.

In Qatar, port operations and vessel movements remain steady at Hamad, Doha and Al Ruwais, with activity also continuing at Mesaieed and Ras Laffan. However, VLSFO and LSMGO supply is tight in Ras Laffan, while Al Ruwais Port is limited to small craft, including dhows and barges.

“Omani ports like Salalah, Sohar, and Muscat now open,” an Oman-based trader said. Other ports in Oman—including Port Sultan Qaboos, Muscat, Mina Al Fahal, Port of Sohar and Port of Duqm—are operating normally, with prompt LSMGO available across several locations.

In Bahrain, vessel movements are gradually resuming, although operations remain constrained due to a shortage of pilots. The Suez Canal and all Egyptian ports continue to function normally, and conditions remain stable in Jordan. Ports in Pakistan, Iraq, Cyprus and Lebanon are also operating as usual.

Meanwhile, Israeli ports—including Eilat, Ashkelon, Ashdod, Hedera and Haifa—are running at full capacity, the shipping agency added.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 25 March, 2026

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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