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ENGINE: East of Suez Bunker Fuel Availability Outlook (16 Jan 2024)

VLSFO availability remains tight in Singapore; VLSFO and LSMGO tight in several Chinese ports; 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:

  • VLSFO availability remains tight in Singapore
  • VLSFO and LSMGO tight in several Chinese ports
  • LSMGO availability good in Omani ports

Singapore

Prompt VLSFO availability remains tight in Singapore amid strong demand for the grade. At least eight suppliers are grappling with tight delivery schedules, which has added to the supply pressure. Lead times for VLSFO have increased from 9-13 days last week, to 8-17 days now. In contrast, HSFO maintains lead times of 7-10 days, while LSMGO requires a shorter 3-8 days lead time.

Singapore sold about 51.27 million mt of conventional bunker fuels in 2023 – the highest yearly volumes since 2013, according to preliminary figures from the Maritime and Port Authority of Singapore. This increase is attributed to the increase in number of vessels arriving for bunkers in 2023.

Total bio-bunker sales touched 524,000 mt in 2023, an increase from 140,000 mt in 2022.

Looking at the fuel stock situation in Singapore, residual fuel oil stocks have averaged 10% higher this month compared to December, according to Enterprise Singapore’s data. In contrast, middle distillate stocks have seen a 13% decrease so far in January.

China and East Asia

In Zhoushan, VLSFO availability remains tight due to a lack of product supply available with suppliers and delays in the arrival of resupply cargoes. This has stretched lead times to seven days for the grade.

The other two grades – LSMGO and HSFO – remain more readily available with shorter lead times of 3-5 days.

In Dalian, VLSFO and LSMGO supply has tightened, and all three bunker grades are under pressure in nearby Tianjin, with deliveries subject to inquiry. Qingdao is experiencing tight prompt availability of VLSFO and LSMGO, while HSFO supply is subject to firm inquiry.

The southern Chinese ports of Shanghai and Xiamen are facing tight availability for VLSFO and LSMGO, while HSFO availability is constrained in Shanghai. Guangzhou is grappling with a tight supply for both VLSFO and LSMGO, and in Fuzhou, both grades are subject to inquiry. Meanwhile, bunker supply is relatively better in Yangpu.

Hong Kong is also facing a shortage of stocks amid high demand, pushing lead times to almost two weeks now. Bad weather conditions are forecast on Wednesday and may disrupt bunker operations in the port.

In South Korean ports, VLSFO and LSMGO supply has been tight, despite slower demand this week. Recommended lead times vary widely between 4-9 days for both grades in South Korean ports.

High winds and waves are expected to impact bunkering in the South Korean ports of Ulsan, Onsan, Busan, Daesan, Taean, and Yeosu between 18-21 January, potentially affecting bunker deliveries.

In Japan, sluggish bunker demand due to cold weather conditions is observed, with varying lead times across ports. Lead times of 7-8 days are recommended in Tokyo and Chiba, 7-8 days in Osaka and Kobe, and longer 10-11 days in Oita. The harsh winter has led Japanese refineries to redirect their supply towards heating demand, resulting in reduced availability for bunkers.

All grades remain in tight availability in Nagoya, Yokkaichi and Mizushima.

Adverse weather conditions are forecast in Subic Bay (Philippines) between 16-17 January and intermittently in Ho Chi Minh and Hai Phong (Vietnam) between 17-21 January, posing potential challenges for bunker deliveries.

South Asia

Kandla, situated on India’s northwest coast, has good availability of VLSFO and LSMGO, with prompt supply available. However, several other Indian ports, including Mumbai, Cochin and Chennai, are grappling with supply challenges for both grades.

Suppliers in Visakhapatnam, Paradip and Haldia have nearly depleted their VLSFO and LSMGO stocks, a source says.

Middle East

Persistent attacks on commercial ships in the Red Sea have prompted several shipping companies to reroute vessels via the southern tip of Africa rather than the shorter Suez Canal route. Despite concerns in the Red Sea, Fujairah continues to witness an uptick in demand.

This has kept prompt availability tight for all grades in Fujairah. Most suppliers are recommending lead times of 7-10 days.

A similar scenario is observed in the UAE port of Khor Fakkan, where lead times of 7-10 days are recommended for all fuel grades. On the other hand, LSMGO remains readily available for prompt supply in nearby Omani ports, including Sohar, Salalah, Duqm, and Muscat.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 17 January 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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