Connect with us

Business

ENGINE: East of Suez Bunker Fuel Availability Outlook

Availability good across grades in Zhoushan; South Korean ports face weather disruptions; demand picks up in Fujairah.

Admin

Published

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:

25 April 2023 

  • Availability good across grades in Zhoushan
  • South Korean ports face weather disruptions
  • Demand picks up in Fujairah

 

Singapore

Demand has been average in Singapore so far this week. Availability of VLSFO and HSFO has gotten tighter in Singapore, where stems of both grades require lead times of 9-11 days and 5-11 days, respectively. Lead times of both grades are roughly the same as last week.

LSMGO is more readily available with shorter lead times of 4-7 days – almost unchanged from last week.

Singapore’s residual fuel oil stocks have averaged 6% higher so far in April than across March, according to Enterprise Singapore. Net fuel oil imports to Singapore have declined by 6% this month. Both imports and exports are up this month. While imports have inched up 1%, exports have surged 16%.

Meanwhile, Singapore’s middle distillate stocks have averaged 10% lower this month than in March.

 

East Asia

Bunker deliveries resumed at all of Zhoushan's four anchorages on Tuesday, after being suspended by rough weather on Monday, a source says.

VLSFO and LSMGO stems require lead times of 3-5 days in the Chinese bunkering hub – virtually unchanged from end of last week. Lead times for HSFO are slightly longer at 5-7 days recommended.

Demand is healthy in Hong Kong and VLSFO and HSFO grades are tight, a source says. Both grades need lead times of around seven days. VLSFO lead times have gone up from four days, while availability of HSFO has improved from last week, when the grade was subject to enquiry. LSMGO is readily available.

Meanwhile, availability across all bunker grades has been getting tighter across South Korean ports, with lead times varying widely between 5-10 days. Lead times have increased across both southern and western South Korean ports, from 3-7 days and 4-5 days last week, respectively.

Bad weather conditions are forecast intermittently between 26-30 April, which could trigger suspensions or disrupt deliveries in the South Korean ports of Ulsan, Onsan, Daesan, Taean and Yeosu.

Adverse weather conditions are also predicted to hamper bunker deliveries in the Kiwi port of Tauranga between 25-26 April and 30 April-1 May.

 

South Asia

VLSFO and LSMGO can be delivered with around 2-3 days of lead time in several Indian ports, including Kandla on the northwest coast, Cochin and Chennai on the southern coast, and Visakhapatnam on the southwestern coast.

Availability of VLSFO and LSMGO remains subject to availability in India’s Mumbai. Meanwhile, availability of grades is subject to enquiry in Tuticorin on the southeast coast and Haldia on the east coast, while a supplier in Paradip is almost out of stock for both grades.

However, rough weather may disrupt bunkering in Kandla on 26 April and in the southwestern port of Visakhapatnam on 30 April, a source says.

 

Middle East

Lead times of 5-6 days are recommended for VLSFO and LSMGO in Fujairah – slightly lower than 5-7 days last week. But lead times have gone up for HSFO, from 5-7 days last week to around nine days now. Demand has been picking up this week in the port, a source says.

The Omani ports of Duqm, Sohar, Salalah and Muscat have good availability of LSMGO, with prompt dates available.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 26 April, 2023

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

Winding up

Singapore: Liquidators schedule final meeting for Sejahtera Shipping and related companies

Final meetings will be held at 9 Raffles Place, #19-21 Republic Plaza Tower 2, Singapore 048619 for Sejahtera Shipping, Molek Shipping and Madu Shipping.

Admin

Published

on

By

Resized benjamin child

The final meetings of Sejahtera Shipping Pte Ltd and its related companies have been scheduled to take place on 21 June, according to the company’s liquidators on a notice posted on Monday (20 May) on the Government Gazette.

The other companies are Molek Shipping Pte Ltd and Madu Shipping Pte Ltd. 

The meetings will be held at 9 Raffles Place, #19-21 Republic Plaza Tower 2, Singapore 048619 at the following times:

  1. Sejahtera Shipping at 11am
  2. Molek Shipping at 10.30am
  3. Madu Shipping at 10am

They will be held for the purposes of having accounts laid before the meeting showing the manner in which the winding-up has been conducted and the property of the company disposed of, and of hearing any explanation that may be given by the liquidator.

The details of the liquidators are as follows:

Cheng Sam Tai Catherine
Liquidator
c/o Crowe Horwath First Trust Corporate Advisory Pte. Ltd.
9 Raffles Place, #19-20 Republic Plaza Tower 2, Singapore 048619

A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote in his stead. A proxy need not be a member of the company. The instrument appointing a proxy must be deposited at the Registered Office of the company not less than 48 hours before the time set for holding the meeting.

Related: Singapore: Sejahtera Shipping and related companies to be wound up voluntarily

 

Photo credit: Benjamin-child
Published: 21 May 2024

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading
Advertisement
  • SBF2
  • Consort advertisement v2
  • EMF banner 400x330 slogan
  • v4Helmsman Gif Banner 01
  • Aderco advert 400x330 1
  • RE 05 Lighthouse GIF

OUR INDUSTRY PARTNERS

  • 102Meth Logo GIF copy
  • HL 2022 adv v1
  • Triton Bunkering advertisement v2
  • Singfar advertisement final


  • E Marine logo
  • endress
  • Victory Logo
  • Central Star logo
  • Auramarine 01
  • metcore
  • Innospec logo v6
  • Golden Island logo square
  • MFA logo v2
  • Trillion Energy
  • Advert Shipping Manifold resized1
  • VPS 2021 advertisement
  • 400x330 v2 copy
  • Headway Manifold

Trending