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ENGINE: East of Suez Bunker Fuel Availability Outlook

Prompt VLSFO and HSFO still tight in Singapore; sluggish demand in Zhoushan; several East Asian ports face weather disruptions.
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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:

7 March, 2023

  • Prompt VLSFO and HSFO still tight in Singapore
  • Sluggish demand in Zhoushan
  • Several East Asian ports face weather disruptions

Singapore

Singapore has been witnessing average demand so far this week. Availability of VLSFO and HSFO is getting tighter in the port. Some suppliers have limited stocks as they are obligated to supply bunkers to meet term contracts. Lead times of 5-8 days are recommended for VLSFO – almost same as last week. HSFO lead times have increased from 6-8 days last week, to 7-10 days now.

Availability of LSMGO remains very good in the port, with lead times unchanged at 2-3 days.

Residual fuel oil stocks in Singapore averaged 4% higher in February than in January, the latest data from Enterprise Singapore shows. The stock build was supported by a 1% uptick in net fuel oil imports.

Meanwhile, Singapore’s middle distillate stocks declined by 11% in February.

East Asia

Prompt availability of VLSFO remains slightly tight in Zhoushan as most suppliers are running low on stocks and replenishment cargoes have been delayed. But a lack of demand has prevented further tightening, a source says.

VLSFO and LSMGO stems require 3-5 days of lead time in the port, and HSFO needs 5-7 days. Lead times are unchanged from last week across all grades in Zhoushan.

Hong Kong continues to grapple with sluggish demand, a source says. Availability of all grades is normal to tight, with lead times of around seven days recommended – up from 5-6 days previously.

Strong wind gusts of 19-27 knots and waves of almost a metre are forecast to hit Hong Kong on 12 March, which might disrupt bunkering.

Bad weather is forecast intermittently in the South Korean ports of Ulsan, Onsan, Daesan, Taean and Yeosu between 9-12 March, which might impact bunker operations.

Demand has been average across South Korean ports so far this week. Availability is very tight for all grades in the country’s southern ports as most suppliers are running low on stocks, a source says. Lead times in southern ports vary widely between 5-12 days – almost the same as last week’s 3-11 days.

Meanwhile, availability across all grades has improved in western South Korean ports, with much shorter lead times of 4-5 days recommended, down from 3-11 days previously.

Both the Philippine port of Subic Bay and the Thai port of Leam Chabang are forecast experience adverse weather conditions on 14 March, which might hamper bunkering.

The Vietnamese port of Ho Chi Minh City faces rough conditions and potential bunker suspensions throughout this week, and the northern Vietnamese port of Hai Phong on 12 March.

South Asia

VLSFO and LSMGO availability remains good in India’s Mumbai, Visakhapatnam and Kandla, with short lead times of 2-3 days.

Cochin and Chennai on the southern coast of India also have good availability, while VLSFO and LSMGO remain subject to enquiry in Tuticorin and Haldia. A supplier in Paradip is almost out of VLSFO.

A supplier can offer both VLSFO and LSMGO in the Sri Lankan port of Colombo, with lead times of around five days recommended.

Middle East

Bunker availability remains under pressure for all grades in Fujairah, while demand has been weak, a source says. VLSFO and LSMGO stems require around 10-11 days in the UAE port, which is up from nine days last week. But lead times for HSFO are down from about 12 days to eight days now.

While LSMGO remains readily available in Sharjah, VLSFO has been running low, a source says.

Prompt dates are readily available for LSMGO in the Omani ports of Muscat, Salalah, Sohar and Duqm.

By Tuhin Roy

 

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

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Winding up

Singapore: Xihe Holdings subsidiaries to be wound up voluntarily, creditors to submit claims

Creditors of Da Zhong Tankers and Xin Ying Shipping are required on or before 17 July 2026 to send in their names and addresses and particulars of their debts or claims to appointed liquidators, says notice.
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June 19, 2026

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Xihe Holdings Pte Ltd subsidiaries Da Zhong Tankers Pte Ltd and Xin Ying Shipping Pte Ltd will voluntarily wind up following resolutions that were passed by written means, according to a Government Gazette notice published on Thursday (18 June).

The resolutions set out below were duly passed:

  • SPECIAL RESOLUTION – WINDING-UP

That the Company be wound up voluntarily pursuant to section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.

  • ORDINARY RESOLUTION – APPOINTMENT OF LIQUIDATORS

That Paresh Tribhovan Jotangia and Ho May Kee of Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960 be and are hereby appointed as joint and several liquidators to conduct the said winding-up and that their remuneration be fixed on the usual scale of their professional charges for the work involved.

  • SPECIAL RESOLUTION – POWERS OF LIQUIDATORS

That the liquidators of the Company be authorised to exercise any of their powers given by section 177, 144 (1) and (2) of the Insolvency, Restructuring and Dissolution Act 2018 and to distribute to members, in specie, any part of the assets of the Company.

In another notice, the liquidator of the company said creditors are required on or before 17 July 2026 to send in their names and addresses with particulars of their solicitors (if any) to liquidator Paresh Tribhovan Jotangia at Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960. 

The liquidator may require creditors or their solicitors to “come in and prove their said debts or claims at such time and place as shall be specified in such notice or in default thereof, they will be excluded from the benefit of any distribution made before such debts are proved.”

Related: Singapore: Additional Xihe Holdings subsidiaries to be placed under judicial management

 

Photo credit: steve pb from Pixabay
Published: 19 June, 2026

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Winding up

Singapore: Liquidator of Parakou Shipping issues notice of dividend

Second and final dividend to admitted creditors of Parakou Shipping is payable by 14 July, according to Government Gazette notice.

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June 19, 2026

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A notice of dividend for Parakou Shipping Pte Ltd, which is currently in voluntary liquidation, was published on the Government Gazette on Thursday (18 June). 

The following are the details of the notice:

Name of Company : Parakou Shipping Pte Ltd (In Creditors’ Voluntary Liquidation)
Address of Registered Office : c/o KordaMentha, 50 Raffles Place, 25-01 Singapore Land Tower, Singapore 048623
Amount per centum : 0.55 per centum of admitted claims (in accordance with the Order of Court HC/ORC 4175/2024)
First and Final or otherwise : Second and Final Dividend to admitted creditors (in accordance with the Order of Court HC/ORC 4175/2024)
When payable : By 14 July 2026
Where payable : c/o KordaMentha Pte Ltd, 50 Raffles Place, #25-01 Singapore Land Tower, Singapore 048623

Related: Singapore: Notice of intended dividend issued for Parakou Shipping Pte Ltd

 

Photo credit: Benjamin Child
Published: 19 June, 2026

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Alternative Fuels

MOL inks bio-LNG bunker fuel supply deals with Titan and Axpo for car carriers in Europe

Titan, part of Amsterdam-based Molgas, will continue to supply bio-LNG fuel in Northwest Europe, while Axpo will take charge of supply in the Mediterranean region.
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June 19, 2026

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MOL inks bio-LNG bunker fuel supply deals with Titan and Axpo for car carriers in Europe

Mitsui OSK Lines (MOL) on Thursday (18 July) said it has signed new supply agreements in Northern Europe and the Mediterranean region to expand the use of bio-LNG marine fuel on MOL-operated LNG-fuelled car carriers.

Titan, part of Amsterdam-based Molgas, will continue to supply bio-LNG fuel in Northwest Europe, while Axpo will take charge of supply in the Mediterranean region.

MOL said the agreement makes it possible for its company to supply bio-LNG fuel for automobile carriers in the Mediterranean region, specifically Port of Malaga and Barcelona in Spain, following the bio-LNG fuel supply agreement in Western Europe, which commenced in March last year.

The bio-LNG fuel to be supplied in this initiative has a lifecycle carbon intensity (carbon dioxide emissions per unit of energy consumption) of -15 g-CO2/MJ or less, from production through consumption. Furthermore, this bio-LNG fuel has obtained International Sustainability and Carbon Certification (ISCC-EU). 

“Through this supply agreement, MOL has established a framework that ensures a continuous and stable supply of bio-LNG fuel not only in Northern Europe but also in the Mediterranean,” the company said.

As part of the group’s efforts to adopt alternative fuels and achieve net-zero greenhouse gas (GHG) emissions, it is utilising LNG-fuelled vessels as a bridge solution to facilitate the transition to carbon-neutral fuels such as bio-LNG and synthetic LNG (e-methane).

In 2025, MOL signed a bio LNG fuel supply agreement in Northwest Europe with Titan, part of the Molgas, and MOL has continued this bio LNG fuel supply agreement with the same company in 2026 as well.

 

Photo credit: Mitsui OSK Lines
Published: 19 June, 2026

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