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Argus Media: Typhoon’s impact on bunkering in Asia remains limited

07 Sep 2022

Typhoon Hinnamnor’s passing over parts of China, Japan and South Korea is affecting bunkering operations in the region, but the impacts remain limited in scope.

6 September 2022

The typhoon today hit South Korea’s southern coast, where the country’s main bunkering ports of Busan, Ulsan and Yeosu are located. Bunkering in the country has been halted since 3-4 September, with operations due to restart tomorrow, according to market participants. The temporary closure of South Korean ports may benefit ports in China’s Bohai bay region in the short term, as vessels have to bunker there instead of at South Korean ports.

The typhoon passed through Zhoushan and Shanghai over 3-4 September, but local traders said it had little impact on bunker demand or operations there. Vessels have started to berth again in Shanghai port today, with operations back to normal. Ports in Taiwan closed briefly on 3 September, but are now operating as usual without any backlogs or delays, according to market participants.

Traders in Japan have avoided closing deals for deliveries this week in the western part of the country, as the typhoon passed over the country’s southern and western areas. Some scheduled deliveries in western Japan have already been cancelled or postponed and the impact is expected to last at least for the rest of this week, while the impact on the Tokyo bay area appears limited, according to traders.

 

Photo credit and source: Argus Media
Published: 7 September 2022

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