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:
20 September 2022
Singapore’s VLSFO and HSFO grades remain in tight availability, with recommended lead times stretching 10-11 days ahead. LSMGO is more readily available with lead times of just 1-2 days.
Singapore’s fuel oil stock levels have averaged 19.68 million bbls in the first two weeks of September, a 1% rise from their average across August, according to Enterprise Singapore.
The port’s middle distillate stocks have averaged 8.36 million bbls this month. This is up 8% from August and the highest monthly average since November last year.
Bunker operations have been suspended by rough weather in Zhoushan since Monday this week. Deliveries are expected to resume from Wednesday morning with calmer weather conditions.
Availability across all fuel grades remain tight in Zhoushan as most suppliers are running low on stocks.
VLSFO and LSMGO stems in Zhoushan have recommended lead times of about eight days for larger quantities, while a shorter three days for smaller quantities. Lead times vary between 5-7 days for HSFO.
Bunker operations are suspended across southern South Korean ports, including Busan, Yeosu, Onsan and Ulsan. Rough weather triggered by typhoon Nanmadol has kept bunkering suspended since Sunday. Bunkering is expected to resume from Wednesday morning, sources say.
Several recent weather-related disruptions in South Korea have pushed back lead times for all fuel grades to early October, sources say.
Availability is also getting tight for all grades in Hong Kong, where lead times of eight days are now advised.
Availability remains good across all grades in India’s Mumbai with lead times of 6-7 days.
Recommended lead times for HSFO and VLSFO in Mundra on India’s northwest coast are eight days.
Availability remains tight in Visakhapatnam on India’s east coast. Suppliers expect VLSFO supply to be boosted with incoming cargo replenishments over the coming days.
One supplier has started offering HSFO in Visakhapatnam and intends to supply vessels with barges in the nearby ports of Kakinada, Gangavaram, Krishnapatnam and Odisha on India’s east coast as well.
Recommended lead times for VLSFO in Fujairah are eight days, and nine days for HSFO. LSMGO has a shorter six days.
According to data compiled by Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights, a spike in HSFO and VLSFO sales pushed Fujairah’s total bunker sales up by 9% in August over July levels. HSFO sales surged 27% higher on the month.
A supplier can offer VLSFO and LSMGO for prompt dates in Oman’s Sohar, while LSMGO availability is tight in Duqm.
By Tuhin Roy and Nithin Chandran
Photo credit and source: ENGINE
Published: 21 September, 2022
Current ISO 8217 bunker fuel standard not comprehensive enough for biofuels; National Mirror Committee working with local players to develop more comprehensive biofuels standard for Singapore, says Capt. Rahul.
‘There are some important differences between VLSFO and biofuels, and as a result, parties should consider whether additional changes should be made to biofuel bunker contracts,’ says Paul Collier.
Quek Rong Hong first joined Shell sometime in 2005 and had held the position of Blending Specialist from November 2017. At the time of arrest, his monthly basic salary was about SGD 4,300, showed documents.
Glencore previously commenced Singapore International Arbitration Centre Emergency Applications against Straits Pinnacle but those applications were dismissed, according to documents obtained by Manifold Times.
Captain Segar, MPA Assistant Chief Executive, Operations, to be also joining IBIA for the game where proceeds will be channelled into an IBIA Bursary Fund for supporting students to obtain a maritime studies degree.
‘Consort Bunkers will be operating the youngest bunkering fleet in Singapore after complete delivery of the ‘K’ series vessels by late-2023,’ Mr SK Yeo, Founder of Consort Bunkers, tells Manifold Times.