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ENGINE: East of Suez Bunker Fuel Availability Outlook (23 Jan 2024)

VLSFO and HSFO supply remains tight in Singapore; VLSFO availability improves in Zhoushan; bunker demand dips in Fujairah.

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ENGINE East of Suez 1

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 and HSFO supply remains tight in Singapore
  • VLSFO availability improves in Zhoushan
  • Bunker demand dips in Fujairah

Singapore

VLSFO availability remains very tight in Singapore despite average demand so far this week. At least seven suppliers are struggling to meet delivery schedules, adding to supply pressure there. Lead times of up to two weeks are recommended for the grade.

Similarly, HSFO availability has tightened, with lead times approaching two weeks now.

LSMGO remains readily available in Singapore, with short lead times of 3-5 days.

Singapore’s residual fuel oil stocks have averaged 9% higher so far in January than across December, according to Enterprise Singapore. The port’s net fuel oil imports have climbed by 73% this month, with both imports and exports witnessing an uptick. Fuel oil imports have risen by 3.42 million bbls, outpacing fuel oil exports by 644,000 bbls, which has contributed to the stock build.

In contrast, middle distillate stocks in the port have seen a decline, averaging 15% lower this month.

China and East Asia

In Zhoushan, VLSFO availability has improved significantly. Lead times for the grade have come down from last week’s seven days, to just 3-5 days now. However, adverse weather conditions have disrupted bunkering in Zhoushan since Saturday. Bunkering is expected to resume fully on Thursday, when calmer weather conditions are forecast.

VLSFO and LSMGO supply tightness persists in Dalian. Availability is tight at nearby Tianjin, where deliveries are subject to enquiry. Qingdao is experiencing tight prompt availability for VLSFO and LSMGO, with HSFO deliveries subject to firm inquiry.

Southern Chinese ports of Shanghai, Xiamen and Guangzhou are grappling with tight availability for VLSFO and LSMGO, while Shanghai faces constraints in HSFO supply. Both grades are subject to enquiry in Fuzhou, while supply is relatively better in Yangpu.

Meanwhile, Hong Kong contends with supply shortages amid high bunker demand, pushing lead times to nearly two weeks. Port Klang in Malaysia has tight VLSFO and LSMGO availability, with recommended lead times of around 13 days, while some suppliers are almost out of HSFO stocks.

South Korean ports are facing product supply shortages despite sluggish demand. Several suppliers are recommending lead times of 6-9 days for all grades – virtually unchanged from last week. Additionally, bunker operations in several South Korean ports, including Ulsan, Onsan, Busan, Daesan, Taean, and Yeosu, may face intermittent disruptions for the remaining days of this week due to anticipated high winds and waves, potentially impacting bunkering.

In Japan, varying lead times are advised across key ports. Suppliers in Tokyo, Chiba, Osaka and Kobe recommend approximately nine days of lead times, and longer lead times of 11 days in Oita. Some suppliers are still offering stems for delivery dates this month, but these are typically priced higher. Harsh winter conditions have prompted Japanese refineries to redirect their supply towards heating demand, resulting in reduced availability for bunkers. Nagoya, Yokkaichi, and Mizushima report tight availability across all grades.

Subic Bay in the Philippines anticipates difficult bunkering conditions between 24-29 January. Similarly, the Thai ports of Koh Sichang and Leam Chabang expect adverse weather on 24-25 January, potentially impacting bunker operations in these regions.

South Asia

Located on India’s northwest coast, Kandla currently has ample availability of VLSFO and LSMGO. On the other hand, several other Indian ports, including Mumbai, Cochin and Chennai, are contending with supply tightness for both grades.

Some suppliers in Visakhapatnam, Paradip and Haldia have nearly exhausted their VLSFO and LSMGO stocks, a source says.

Middle East

The ongoing attacks on commercial ships in the Red Sea have led shipping companies to divert vessels around Africa instead of using the shorter Suez Canal route. The shift in shipping routes to some extent has affected bunker demand in Fujairah.

Demand has declined in Fujairah this week, after a period of strong demand in previous weeks. Prompt availability is tight for all grades in the port. Lead times of 7-10 days are recommended for all grades, unchanged from the previous week. The UAE port of Khor Fakkan presents a similar supply scenario with lead times of 7-10 days across all grades.

Omani ports including Sohar, Salalah, Duqm and Muscat have prompt supply of LSMGO.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 23 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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