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ENGINE: East of Suez Bunker Fuel Availability Outlook

01 Sep 2021

The following article regarding regional bunker fuel availability outlooks for East of Suez ports with special attention to availability in Singapore has been provided by online marine fuels procurement platform ENGINE for publication on Singapore bunkering publication Manifold Times:

1 September 2021

HSFO380 and VLSFO stocks have mostly been replenished in Zhoushan, and bunker supply has also improved in the Far East Russian market this week.

Singapore’s fuel oil stocks dropped to their lowest levels since late February last week, data from Enterprise Singapore showed. The port’s inventories fell by 4% on the week to 25 August, reaching a six-month low of 21.18 million bbls. 

Lead times remain steady for bunker fuel oils in Singapore, with 7-9 days recommended for VLSFO and HSFO380 supply. LSMGO is more readily available at 4-5 days ahead. 

HSFO380 supply has tightened again in Fujairah, with 10 days of lead time recommended in advance, up from seven last week. 

VLSFO and LSMGO are more readily available in the UAE bunkering hub with seven days of lead time required ahead, which is unchanged from last week. Fujairah’s fuel oil stocks fell by 11% to their lowest levels since late March last week, according to data released from Fujairah Oil Industry Zone and S&P Global Platts. 

Zhoushan’s fuel stocks have been mostly replenished with HSFO380 and VLSFO this week, after suppliers ran out of the two products last week. Lead times for VLSFO have come back down to 2-3 days for most suppliers in Zhoushan now, while one supplier advises around four days of lead time. LSMGO remains in good supply in the Chinese port.

Bunkers have become readily available in Far East Russia again, with suppliers able to offer all fuel grades. 3-4 days of lead time are now recommended to ensure supply in the local ports.

Bunker fuel availability tightened significantly in Far East Russia following maintenance work and delays at local refineries, coupled with continuous rough weather disrupted fuel supply. Favourable export economics had also pulled fuel cargoes out of the country, diminishing stocks available for local supply.

Fuel availability has also improved recently in Tokyo Bay, with all three fuel grades being readily available. Lead times have now dropped to 4-5 days for HSFO380, VLSFO and LSMGO, compared with 7-8 days recommended in July. 

Western Japanese ports were affected by last week’s bunker disruptions from Typhoon Omais last week. As a result, barge availability has tightened considerably in western Japanese ports, where the earliest delivery date was pushed forward to 4 September. 

 

Photo credit: ENGINE
Published: 1 September, 2021

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