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ENGINE: East of Suez Bunker Fuel Availability (12 March 2024)

Average bunker demand in Singapore; availability good across all grades in Zhoushan; LSMGO availability good in Omani ports.

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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:

  • Average bunker demand in Singapore
  • Availability good across all grades in Zhoushan
  • LSMGO availability good in Omani ports

Singapore and Southeast Asia

In Singapore, the availability of VLSFO for immediate delivery (0-2 days) remains constrained. Despite average demand, most suppliers in Singapore are recommending lead times varying between 5-12 days for the grade. Prompt HSFO supply is also tight, with lead times ranging from 7-13 days, consistent with the previous week. Meanwhile, LSMGO lead times range from 2-8 days, similar to last week.

According to Enterprise Singapore’s latest data, Singapore’s residual fuel oil stocks in the first week of March were 11% lower than in February. The port’s residual stocks have dipped below 20 million bbls despite a 41% increase in net fuel imports.

Both imports and exports have risen this month, with fuel oil imports surpassing exports by 2.80 million bbls. In contrast, middle distillate stocks in Singapore have increased by 12% this month.

In Malaysia’s Port Klang, VLSFO and LSMGO availability remain adequate amidst average demand. Overall, bunker demand has been low in the port compared to last month, when severe congestion in Singapore prompted several bunker buyers to lift bunkers in Port Klang and other nearby ports. Lead times of 3-5 days are recommended for both VLSFO and LSMGO, with some suppliers able to deliver even more quickly depending on stem sizes. HSFO supply remains strained in Port Klang.

China and East Asia

Bunker fuel availability remains good amid subdued demand in Zhoushan. Several suppliers are recommending lead times of 2-5 days, unchanged from last week. Bunker operations were suspended across all anchorages in Zhoushan on Tuesday. Operations are expected to resume on Wednesday with a forecast of calmer weather.

VLSFO and LSMGO availability is restricted in Dalian, while Tianjin encounters tightness across all fuel types. Qingdao experiences limitations in promptly delivering VLSFO and LSMGO, with HSFO supply based on enquiry. In Shanghai and Guangzhou, VLSFO and LSMGO supply is short, while Shanghai faces constraints in HSFO availability. In contrast, Fuzhou, Yangpu and Xiamen report abundant availability of both low-sulphur fuel grades.

In Hong Kong, bunker fuel supply remains robust amid average demand. Majority of suppliers are recommending lead times of around seven days, in line with the previous week. Some can accommodate deliveries more swiftly, depending on stem sizes. But wind gusts of 21-24 knots and swells of over a meter are forecast between Wednesday and Friday, which could potentially disrupt bunker operations at the port.

In South Korean ports, bunker demand remains subdued because of higher bunker prices in comparison to nearby Chinese ports. Busan’s VLSFO premium over Zhoushan stood at $35/mt on Tuesday. VLSFO and HSFO availability remains good, with most suppliers recommending lead times varying between 3-9 days for both grades, virtually unchanged from last week. HSFO requires lead times of around 3-7 days. However, rough weather is forecasted throughout this week, which could potentially impact bunkering in ports including Ulsan, Onsan, Busan, Daesan, Taean, and Yeosu.

In Japan, bunker demand remains sluggish due to elevated prices and restricted cargo availability. Tokyo’s VLSFO price was about $64/mt higher than Zhoushan’s on Tuesday and was $55/mt higher than Singapore’s. Lead times differ across key Japanese ports, spanning from 5-8 days in Tokyo, Chiba, Osaka, and Kobe, to longer durations of 11-15 days in Nagoya, Yokkaichi, Mizushima, and Oita.

Adverse weather conditions are forecast in Subic Bay (Philippines) on 13 March and intermittently in Ho Chi Minh (Vietnam) between 14-18 March, posing potential challenges for bunker deliveries.

South Asia

Numerous ports across India, such as Kandla, Chennai, Visakhapatnam, and Haldia, are encountering difficulties due to shortages of VLSFO and LSMGO. Cochin and Paradip are notably affected, with certain suppliers nearing depletion of their VLSFO and LSMGO stocks.

Additionally, Tuticorin and Mumbai are experiencing dwindling supplies of VLSFO.

Adverse weather conditions are forecast on Wednesday at Indian ports, including Sikka, Kandla and Visakhapatnam, and could potentially disrupt bunkering operations.

Middle East

Many shipping companies continue to steer clear of transiting through the Red Sea due to rising attacks by Houthis on commercial vessels. Instead, more ships are opting for the longer route around Africa, bypassing the shorter Suez Canal route. This shift in shipping routes is gradually impacting bunker fuel demand in Fujairah.

Prompt availability of all bunker fuel grades remains tight in Fujairah due to ongoing weather-related disruptions and bunker backlogs there. Suppliers are projecting lead times of 7-10 days. Supply constraints are also present in the UAE port of Khor Fakkan, where most suppliers are recommending lead times of 7-10 days.

In the Saudi Arabian port of Jeddah, both VLSFO and LSMGO are readily available. On the contrary, certain suppliers in Djibouti are facing VLSFO shortages, though LSMGO remains available.

Meanwhile, Omani ports including Sohar, Salalah, Muscat, and Duqm boast ample LSMGO supply, with prompt supply available.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 13 March 2024

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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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