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ENGINE: East of Suez Bunker Fuel Availability Outlook

Fujairah bunkering resumes after tropical storm disruptions, and HSFO380 supply has tightened in Singapore this week.

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7 October, 2021

Fujairah bunkering resumes after tropical storm disruptions, and HSFO380 supply has tightened in Singapore this week.

Lead times for VLSFO remain unchanged in Singapore on the week, while HSFO380 now requires up to 10 days of lead time, up from eight days last week.

LSMGO is more readily available in the bunkering hub at four days.

Singapore’s residual fuel oil stocks dropped by close to 3 million bbls last week, to their lowest levels since September 2019, according to Enterprise Singapore data. Inventories fell to a low of 18.73 million bbls on 29 September.

Singapore’s fuel oil imports grew by 5.49 million bbls over the same period, after slumping to their lowest levels since January 2020 last week. Exports inched up by 48,000 bbls on the week.

The Port of Fujairah is experiencing severe bunker backlogs after tropical storm Shaheen lashed the area with winds of 60-70km/h on Sunday.

Cargo operations and bunker deliveries started resuming on Monday afternoon, and the majority of bunker suppliers had resumed deliveries by Tuesday. But their earliest delivery dates have been pushed back to 12-13 October as they try to clear the congestion.

HSFO380 continues to be particularly tight in Fujairah, with lead times standing at 12 days, which is two days more than Singapore’s lead time for the high sulphur fuel oil, and among the longest across East of Suez ports.

Fujairah’s fuel oil stocks dropped by 4% to 6.72 million bbls in the week to 27 September, hitting their lowest levels since December 2018, according to figures from the Fujairah Oil Industry Zone (FOIZ) and S&P Global Platts

HSFO380 remains tight in South Korean ports, too, as one of the two suppliers offering the grade has sold out of the product. There are no immediate prospects for HSFO imports to arrive in the country. Suppliers in South Korea can typically only accommodate smaller HSFO380 stems amid limited supplies.

At the same time, South Korean lead times for VLSFO have come down to three days now, compared to seven days two weeks ago. LSMGO is also readily available in the country’s main hubs.

The same availability situation has been observed in Zhoushan recently, where HSFO380 has been tight for most of the past month, while low sulphur fuels are more readily available with 2-3 days of lead time advised.

The nearby Port of Shanghai has good availability of all three fuel grades and could be a good alternative bunkering option.

Tokyo Bay’s bunker market is well supplied across fuel grades, but with lead times standing at eight days ahead. At the same time barges remain tight in several western Japanese ports – from Osaka to the Kyushu area.

 

Photo credit: ENGINE
Published: 7 October, 2021

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Winding up

Singapore: Liquidators of Nan Ho Maritime, Nan Xin Maritime issue notices of dividend

Nan Ho Maritime’s second interim dividend and Nan Xin Maritime’s second and final dividend are payable from 4 September, according to Government Gazette notices.

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Notices of dividend for Nan Ho Maritime Pte Ltd and Nan Xin Maritime Pte Ltd, which are currently in creditors’ voluntary liquidation, were published on the Government Gazette on Friday (4 September). 

The following are the details of the notice for Nan Ho Maritime:

Name of Company : Nan Ho Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 200814315C
Address of Former Registered Office : 21 Bukit Batok Crescent, #22-70 WCEGA Tower, Singapore 658065
Amount per centum : 2.305 per centum of all admitted ordinary claims
First and Final or otherwise : Second interim dividend
When Payable : 4 September 2026 onwards
Where Payable : c/o AAG Corporate Advisory Pte. Ltd., 11 Collyer Quay, #07-02 The Arcade, Singapore 049317

The following are the details of the notice for Nan Xin Maritime:

Name of Company : Nan Xin Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 201701966W
Address of Former Registered Office : 21 Bukit Batok Crescent, #22-70 WCEGA Tower, Singapore 658065
Amount per centum : 3.980 per centum of all admitted ordinary claims
First and Final or otherwise : Second and final dividend
When Payable : 4th day of September 2026 onwards
Where Payable : c/o AAG Corporate Advisory Pte. Ltd., 11 Collyer Quay, #07-02 The Arcade, Singapore 049317

 

Photo credit: Benjamin Child
Published: 7 September, 2026

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LNG Bunkering

Singapore-based EPS takes delivery of three LNG dual-fuel bulk carriers

Three vessels are the third, fourth and fifth in the company’s series of 14 Newcastlemaxes being built at the yard, and were delivered five months ahead of their contracted delivery dates.

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Singapore-based Eastern Pacific Shipping (EPS) on Friday (4 September) announced the naming and delivery of three new LNG dual-fuel Newcastlemax bulk carriers from China’s Qingdao Beihai Shipbuilding. 

Cyril Ducau, CEO of EPS, said the vessels were named Mount Victoria, Mount Yulong and Mount Wuyi

The three vessels are the third, fourth and fifth in the company’s series of 14 Newcastlemaxes being built at the yard, and were delivered five months ahead of their contracted delivery dates.

“A big thank you to CSSC Group and Qingdao Beihai Shipbuilding, working alongside our EPS team, for the tremendous collaboration and commitment behind this achievement,” Ducau said in a social media post.  

 

Photo credit: Eastern Pacific Shipping
Published: 7 September, 2026

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Port & Regulatory

ISWG-GHG 22: IMO working group aims to present NZF text at MEPC 85

The Chair expressed his observation of a genuine willingness within the Group to make concrete further progress at the next ISWG-GHG meeting and work towards presenting text to MEPC 85.

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The Intersessional Working Group on Reduction of Greenhouse Gas (GHG) Emissions from Ships (ISWG-GHG 22) met for its 22nd meeting from 1 to 4 September 2026, chaired by Mr. Sveinung Oftedal (Norway), according to the International Maritime Organization on Friday (4 September). 

According to a meeting summary by IMO, the meeting had a high level of participation, with nearly 1200 registered participants, in person and online.

During the meeting participants considered the following agenda items:

Consideration of proposals, including documents submitted to MEPC 84 and 85, previous sessions of ISWG-GHG, as well as documents submitted to ISWG-GHG 22, on how to address concerns with the draft amendments to MARPOL Annex VI on the Net-Zero Framework, in line with the 2023 IMO GHG Strategy

Following constructive discussions, the Chair expressed his observation of a genuine willingness within the Group to make concrete further progress at the next ISWG-GHG meeting and work towards presenting text to MEPC 85 that adequately addresses the noted progress made in the consideration of proposals on how to address concerns raised regarding the draft amendments to MARPOL Annex VI on the mid-term measure.

The Group invited interested delegations to continue to consult intersessionally to address remaining concerns with the draft amendments to MARPOL Annex VI, in line with the 2023 IMO GHG Strategy, taking into account views expressed at the Group’s session, with a view to submitting concrete proposals reflecting enhanced convergence allowing timely adoption and effective implementation.

Further consideration of the draft guidelines supporting the uniform and effective implementation of IMO’s mid-term measures.

The Group held a preliminary exchange of views on this agenda item, although time became a limiting factor and the Group and agreed to defer the consideration of all documents submitted to this session under this agenda item to ISWG-GHG 23 (23-27 November 2026).

Further consideration of the development of the IMO Life Cycle GHG Assessment (LCA) framework.

Due to time constraints, the Group was not able to consider the agenda item related to the IMO Life Cycle GHG Assessment (LCA) framework. The Group deferred the consideration of those documents to ISWG-GHG 23, in conjunction with the report of the fourth meeting of the GESAMP-LCA Working Group expected to be submitted to MEPC 85.

Next steps

The next meeting of the Intersessional Working Group on Reduction of Greenhouse Gas (GHG) Emissions from Ships (ISWG-GHG 23) is scheduled for 23 to 27 November 2026, ahead of MEPC 85 (30 November to 3 December).

The second extraordinary session of MEPC (adjourned last October) is scheduled to resume on 4 December, subject to discussions at MEPC 85.

 

Photo credit: International Maritime Organization
Published: 7 September, 2026

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