Connect with us

Business

ENGINE: East of Suez Bunker Fuel Availability Outlook

VLSFO availability tight in Singapore; weather might disrupt bunkering in South Korea; LSMGO availability good in Omani ports.
Admin

Published

3 years ago

on

ENGINE East of Suez Bunker Fuel Availability Outlook

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:

27 December 2022

  • VLSFO availability tight in Singapore
  • Weather might disrupt bunkering in South Korea
  • LSMGO availability good in Omani ports

 

Singapore

VLSFO availability remains tight in Singapore with recommended lead times increasing slightly to 12-14 days from 11-13 days in the prior week. Demand for the grade in the port remains normal, a source says.

Lead times for HSFO in Singapore have come down to 6-10 days from 9-12 days previously. LSMGO has the shortest lead times among the grades in Singapore at 3-5 days.

Residual fuel oil stocks in Singapore have averaged 2% higher so far in December than in November, according to Enterprise Singapore. The Net fuel oil imports have fallen 21% in Singapore, so far this month, with both fuel oil imports and exports declining by 18% and 11%, respectively.

Meanwhile, Singapore’s middle distillate stocks have averaged 2% lower, so far, in December than the average in November.

 

East Asia

Zhoushan continues to price its VLSFO at levels lower than other major Asian hubs. Chinese port’s bunkering has been grappling with sluggish demand and weather disruptions, a source says.

Availability of VLSFO and LSMGO in Zhoushan remains good, with lead times remaining almost steady throughout the week at 3-4 days and 2-3 days, respectively.

HSFO availability remains subject to availability in Zhoushan as most suppliers are sold out and replenishment cargoes are due to arrive in January, a source says.

Availability across all grades is tight in Hong Kong, with recommended lead times remaining steady at seven days from the past week.

Recommended lead time across all grades in South Korean ports is two weeks out now, but one supplier can offer the grades at much shorter lead times of around five days, a source says.

Bad weather has disrupted bunkering in the South Korean ports of Busan, Onsan and Ulsan so far this week. Bad weather is forecast at South Korean ports till 31 December, which might impact bunkering, a source says.

 

South Asia

Availability of VLSFO and LSMGO remains good in Mumbai, with short lead times of 2-3 days.

Recommended lead times for VLSFO in Mundra and Kandla on India’s northwest coast are around 2-3 days. LSMGO remains readily available in Kandla.

Prompt dates for both VLSFO and LSMGO remain available in Cochin and Chennai on the southern coast of India. While VLSFO availability remains good in Tuticorin, LSMGO is subject to the enquiry at the port.

Visakhapatnam on India’s southwestern coast has short lead times of 2-3 days for both VLSFO and LSMGO.

Meanwhile, Paradip on India’s east coast has almost run out of VLSFO. Haldia has good availability of VLSFO.

One supplier can offer all the grades in Sri Lanka’s Colombo, with lead times of four days.

 

Middle East

High demand with loading delays has contributed to tightness in Fujairah’s market. Availability of all grades remains tight in the UAE port, with recommended lead times increasing to 9-12 days from 8-9 days in the prior week.

The Omani ports of Duqm, Sohar, Salalah and Muscat have good availability of LSMGO, with short lead times of 2-3 days.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 28 December, 2022

Related Topics:
Continue Reading

Biofuel

Singapore: Sea Oil Petroleum receives ISCC EU certification, mulls increasing product portfolio

‘Sea Oil seeks to do its part for climate change by giving options to support to our end users,’ says Steve Goh, Head of Trading.

Admin

Published

2 hours ago

on

July 10, 2025

By

Sea Oil logo

Singapore-based bunker trading firm Sea Oil Petroleum Pte Ltd (Sea Oil), a wholly owned subsidiary of Thailand-listed Sea Oil Public Company Limited, has received International Sustainability and Carbon Certification (ISCC) EU certification, learned Manifold Times.

ISCC EU is a certification scheme that verifies compliance with the sustainability criteria for biofuels and bioliquids within the European Union. It ensures that biomass and biofuels used in the EU meet specific environmental and social requirements, including greenhouse gas emission reductions and traceability throughout the supply chain.

The milestone, which took place on 22 May after two months of processing, was reflective of the company’s aim to expand its bunker fuel product offerings to clients seeking sustainable solutions, Steve Goh, Head of Trading at Sea Oil, told the bunkering publication.

“It is important for the bunkering sector to remain relevant, adapt, and play an active role in supporting shipping’s decarbonisation journey,” said Mr Goh while adding that, “this is in line with our group’s green initiative and sustainability drive.”

“As such, Sea Oil seeks to do its part for climate change by giving options to support to our end users.

“By achieving ISCC EU certification, Sea Oil will be in a better position to provide green marine fuel solutions to customers embarking on this journey towards net zero.”

Manifold Times in May reported Sea Oil welcoming a Senior Bunker Trader to its team.

The company started 2025 with an expanded team on both international and local fronts.

Sea Oil Petroleum may be reached at: [email protected]

Related: Singapore: Sea Oil Petroleum boosts Asia and international presence with new Senior Bunker Trader
Related: Singapore: Sea Oil Petroleum enters 2025 with international representatives, expanded team

 

Photo credit: Sea Oil Petroleum
Published: 10 July 2025

Continue Reading

Wind-assisted

Anemoi unveils state-of-the-art rotor sail production facility in China

Site boasts an annual production capacity of 250 Rotor Sails, and the option to expand further and store units for fast turnaround.
Admin

Published

2 hours ago

on

July 10, 2025

By

Anemoi Rotor Sail production facility MT

Wind propulsion solutions provider Anemoi Marine Technologies on Tuesday (8 July) officially opened its new Rotor Sail production facility in China.

Strategically located on the banks of the Yangtze River, Anemoi’s facility is located in Jingjiang City, Jiangsu Province, within Daming Heavy Industry’s manufacturing base.

The facility provides direct access to port infrastructure, enabling seamless logistics for import, export, and delivery.

With barge transport available on-site, Rotor Sails can be transported efficiently and installed directly at nearby major shipyards, streamlining operations and minimising environmental impact.

“This is more than just a new site,” said Clare Urmston, CEO of Anemoi.

“It’s a fully integrated, end-to-end production hub where every stage, from steel fabrication and precision assembly to rigorous testing and quality assurance, is handled under one roof.

“That means faster turnaround, uncompromised quality, and complete oversight by our expert team, on site, from start to finish. Anemoi’s strategy is quality first and this site enables exactly that.”

With an annual production capacity of 250 Rotor Sails, and the option to expand further and store units for fast turnaround, the new site positions Anemoi to meet surging global demand and support its customers in achieving critical decarbonisation goals.

 

Photo credit: Anemoi Marine Technologies
Published: 10 July 2025

Continue Reading

Milestone

Global Energy Storage Group sells Rotterdam terminal to Tepsa, exits Dutch market

Chooses to sharpen its focus on growth in Asia, particularly its flagship terminal in Port Klang, Malaysia.
Admin

Published

3 hours ago

on

July 10, 2025

By

Global Energy Storage Group MT

Global Energy Storage Group (GES) on Wednesday (9 July) announced the completion of the sale of its terminal located in the Port of Rotterdam., marking its exit from the Dutch market.

The facility, which includes 212,000 m³ of tank storage and approximately 18 hectares of development land in the Europoort area, was sold to Tepsa, a European bulk liquid and gas storage operator.

The transaction represents a key milestone for GES as it continues to focus its resources on expanding its presence in the fast-growing Asian market, with particular emphasis on its strategic terminal at Port Klang, Malaysia.

It also ensures that the Rotterdam terminal is passed into the hands of a high-quality follow-on owner well positioned to take the asset forward. The transaction also delivers a strong return for GES’s shareholders.

“Part of the investment cycle is realising value from assets at the right time, and we’re confident this was the right moment for GES,” commented Peter Vucins, CEO of GES.

“We are now fully focused on growing our business in Asia, with Port Klang at the centre of that strategy. We extend our sincere thanks to the Rotterdam team and our customers for their support and for maintaining a safe, reliable, and forward-looking operation throughout our ownership.”

With the sale of the Rotterdam terminal, GES no longer holds assets in the Netherlands.

 

Photo credit: Global Energy Storage Group
Published: 10 July 2025

Continue Reading

Trending