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ENGINE: East of Suez Bunker Fuel Availability Outlook (7 Nov 2023)

VLSFO and HSFO availability under pressure in Singapore; Zhoushan could face weather disruptions; strong demand in Fujairah.

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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 and HSFO availability under pressure in Singapore
  • Zhoushan could face weather disruptions
  • Strong demand in Fujairah

Singapore

A source says Singapore has been witnessing “average” demand so far this week. Product loading delays at oil terminals have kept the availability of VLSFO tight in Singapore, with most suppliers advising lead times of 10-12 days – almost unchanged from last week.

Similarly, HSFO supply also remains under pressure in the port, with lead times of 10-12 days. LSMGO remains readily available, with prompt dates available.

Residual fuel oil stocks in Singapore averaged 6% lower in October than in September, data from Enterprise Singapore showed. In the same time frame, the port’s net fuel oil imports declined by 6%. On the other hand, both fuel oil imports and exports were up. While the port’s fuel oil imports inched 1% higher, fuel oil exports surged 23%.

The port’s middle distillate stocks were also down, declining by 5% in October.

China and East Asia

VLSFO and HSFO availability in Zhoushan has come under pressure because some suppliers are running low on stocks and the arrival of replenishment cargoes has been delayed. Most suppliers are advising lead times of 5-7 days for both grades, up from 3-5 days last week.

LSMGO remains in ample supply in the Chinese bunkering hub, with prompt dates available.

Strong wind gusts of 21-29 knots and swells of close to a metre are forecast to hit Zhoushan between Friday and Saturday, which may disrupt bunkering in the port.

The northern Chinese port of Dalian has good availability of VLSFO and LSMGO, while nearby Tianjin has good availability of VLSFO but tight availability of LSMGO and HSFO. In Qingdao, all three bunker fuel grades are under pressure.

The eastern Chinese ports of Shanghai and Xiamen have tight availability of VLSFO and LSMGO. HSFO deliveries also remain subject to enquiry in Shanghai.

Supply of VLSFO and LSMGO is tight in the southeastern port of Fuzhou, and deliveries remain subject to enquiry. However, both grades remain in good supply in the Chinese port of Yangpu.

Guangzhou port has good availability of VLSFO, but HSFO supply remains under pressure, with several suppliers recommending lead times of 5-7 days.

Availability of all grades remains good in Hong Kong, with recommended lead times of 5-7 days – virtually unchanged from last week.

Bad weather is predicted in Hong Kong between Wednesday and Thursday, and as well on Saturday, which might impact bunker operations.

Rough weather conditions are predicted intermittently in the South Korean ports of Ulsan, Onsan, Busan, Daesan, Taean and Yeosu till Sunday, which might disrupt bunker deliveries at these ports.

Availability of all grades has improved in South Korean ports, with lead times for VLSFO and LSMGO coming down from 6-12 days to 5-8 days now. HSFO also requires around four days of lead time, sharply down from 6-12 days last week.

Adverse weather conditions are also predicted to hit the Philippine port of Subic Bay on Wednesday, which may disrupt bunker deliveries at the port.

South Asia

VLSFO and LSMGO availability remains good in Kandla on India’s northwest coast and Cochin on the southern coast, with short lead times of 2-3 days.

Both grades remain in tight availability in several Indian ports including Mumbai, Chennai, Visakhapatnam, Paradip and Haldia, with deliveries subject to availability in these ports. VLSFO and LSMGO also remain subject to enquiry in Tuticorin port located on the southeast coast of India.

Middle East

A source says that strong demand for bunkers has put pressure on the prompt availability of all grades in Fujairah, with most suppliers recommending lead times of 5-7 days. However, some suppliers can still offer prompt stems for all grades.

The other UAE port of Khor Fakkan has good availability of all grades, with lead times of 5-7 days recommended – almost unchanged from last week.

Availability of LSMGO remains very good in the Omani ports of Muscat, Salalah, Sohar and Duqm, with prompt dates available.

By Tuhin Roy

Photo credit and source: ENGINE
Published: 8 November, 2023

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LNG Bunkering

Singapore: Pavilion Energy supplies LNG to TFG Marine dual-fuel bunker tanker

“MT Diligence” was refuelled with 34 cubic metres of LNG bunker fuel, supplied by Pavilion Energy, marking the first LNG bunkering of TFG Marine’s bunker vessel.

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Singapore: Pavilion Energy supplies LNG to TFG Marine bunker tanker

Global marine fuel supply and procurement firm TFG Marine on Monday (20 May) announced the completion of the first liquefied natural gas (LNG) refuelling of its dual-fuel bunker tanker MT Diligence this week in Jurong Port, Singapore.

The 34 cubic metres (m3) of LNG to power the MT Diligence was supplied by the Marine division of Singapore-headquartered Pavilion Energy. 

“Deploying a vessel that can be powered by LNG as well as conventional low sulphur marine fuels helps TFG Marine to meet its licence requirement with the Maritime and Port Authority of Singapore (MPA),” TFG Marine said in a social media post.

Singapore: Pavilion Energy supplies LNG to TFG Marine dual-fuel bunker tanker

“Built and operated for TFG Marine by CBS Ventures Pte Ltd, the 5,000 dwt MT Diligence has been designed to our technical specifications, including stringent safety considerations and has joined our supply fleet this year in the major bunkering centre of Singapore.”

Manifold Times previously reported TFG Marine christening the first LNG dual-fuel bunker tanker to join its fleet.  

The newbuild vessel, MT Diligence, has joined the company's low sulphur fuel oil and biofuel supply operations in the major bunkering centre of Singapore.

Related: LNG dual-fuel bunker tanker “MT Diligence” joins TFG Marine fleet for Singapore ops

 

Photo credit: TFG Marine
Published: 21 May 2024

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Bunker Fuel

Island Oil eyes Korean market with new Seoul office

New office marked the company’s latest expansion within Far East and Southeast Asia markets, following the opening of the company’s Hong Kong office last year.

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TANIM MUNSHI on Unsplash

International marine fuel trading firm Island Oil on Monday (20 May) announced it has established an office in Seoul.

This marked the company’s latest expansion within the Far East and Southeast Asia markets, following the opening of the company’s Hong Kong office last year. 

Additionally, Island Oil has several years of established presence in Singapore, along with a representative office in Shanghai. 

Mr. Yongje (Jayden) Choi will be heading the Seoul office as Business Development Manager. 

Jayden

Mr. Yongje (Jayden) Choi

“We welcome Jayden to the Island Oil family”, said Mr. Michell Kamphorst, Head of International Trading, Asia at Island Oil.  

“His expertise in the Korean market will provide an immediate impact as we inaugurate our Seoul office, marking another significant milestone in our Asia expansion.”

“Stepping into Island Oil, I am impressed by their dedication to maintaining a culture of dignity and respect for all team members, as well as their strong commitment to fairness and transparent communication”, said Choi.

“I am excited to be a part of Island Oil's journey towards greater growth and prosperity”, he concluded.

Note: Enquiries can be sent to Island Oil’s Seoul office via email at [email protected]

Related: Island Oil continues expansion into Chinese markets with new Hong Kong trading office
Related: Island Oil and Island Petroleum receive ISCC EU certification for bio bunker fuels

 

Photo credit: TANIM MUNSHI on Unsplash / Island Oil
Published: 21 May 2024

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Bunker Fuel

China: Chimbusco completes bonded bunkering ops of “OOCL Finland”

Containership “OOCL Finland” was refuelled with low sulphur fuel oil and 380-cst high-sulphur fuel oil in Qingdao, Yangshan and Ningbo during its maiden voyage.

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China: Chimbusco completes bonded bunkering ops of “OOCL Finland”

China Marine Bunker (Petro China) Co Ltd (CHIMBUSCO) on Friday (17 May) said it conducted several bonded bunkering operations recently for containership OOCL Finland in three ports in China to support the ship’s maiden voyage. 

The company arranged for its Qingdao, Ningbo and Shanghai Chimbusco subsidiaries to jointly complete the bunkering task.

The ship, reportedly built in China and considered one of the largest container ships in the world, has a load capacity of 24,000 TEUs. 

OOCL Finland was refuelled with low sulphur fuel oil and 380-cst high-sulphur fuel oil (HSFO) in Qingdao, Yangshan and Ningbo during its maiden voyage. 

Disclaimer: The above article published by Manifold Times was sourced from China’s domestic market through a local correspondent. While considerable efforts have been taken to verify its accuracy through a professional translator and processed from sources believed to be reliable, no warranty is made regarding the accuracy, completeness and reliability of any information.

 

Photo credit: China Marine Bunker (Petro China)
Published: 21 May 2024

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