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ENGINE: East of Suez Bunker Fuel Availability Outlook

VLSFO supply has tightened in Fujairah and Busan since last week, while lead times for low sulphur bunkers are unchanged on the week in Singapore, Zhoushan and Tokyo.
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The following article regarding regional bunker fuel availability outlooks for East of Suez ports with special attention to availability in Singapore has been provided by online marine fuels procurement platform ENGINE for publication on Singapore bunkering publication Manifold Times:

16 March 2021

VLSFO supply has tightened in Fujairah and Busan since last week, while lead times for low sulphur bunkers are unchanged on the week in Singapore, Zhoushan and Tokyo.

Several suppliers in Fujairah have been unable to offer stems since Thursday last week, as a local refinery has been experiencing technical issues. Barge loadings from the refiner have been delayed, limited supply volumes and hiking prices.

As a result, lead times for VLSFO stems in Fujairah have gone up by four days, to 11 days now, while lead times for LSMGO are four days shorter than last week. Fujairah’s fuel oil stocks have dropped to their lowest levels in many months, limiting available volumes to the bunker market.

Singapore’s residual fuel oil stocks swelled by 4% to 22.8 million bbls last week. That is their highest level since mid-December last year, according to Enterprise Singapore data.

Despite the stockbuild, lead times for residual fuels are long in Singapore. VLSFO stems continue to require bookings of up to nine days ahead, and HSFO380 stems 12-15 days ahead. The port’s middle distillate stocks dropped to a five-week low of 14.36 million bbls this week. Lead times for LSMGO stems, however, are steady for another week, at 4-6 days.

Singapore’s bunker sales fell from January to February, as bunker and cargo volumes were capped in the shortest month of the year.

VLSFO and HSFO sales dipped to 4.12 million mt in Singapore in February, bringing the port’s total sales 9% below its levels in January, according to preliminary data from the Maritime and Port Authority of Singapore.

Zhoushan continues to have fuels available for prompt deliveries, with lead times for low sulphur fuel stems steady on the week at three days. One bunker supplier is sold out in the Chinese port, but this has not had a significant impact on fuel availability or deliveries. The supplier is expected to replenish its stocks after 23 March. Other suppliers have better availability of bunker fuels.

Bunker availability is also good in the neighbouring port of Shanghai, with suppliers able to deliver on prompt basis with lead times at 2-3 days ahead.

VLSFO and LSMGO stems continue to be tight in Tokyo, with lead times steady on the week at 7-10 days. One supplier is operating under berth restrictions due to carried out maintenance in Tokyo Bay, contributing to keep the port’s market tight. However, some suppliers can deliver at shorter notice of 7-8 days.

Japanese low sulphur fuel oil (LSFO) stocks have fallen by a further 6% to a multi-month low of 3.97 million bbls.

Higher HSFO production contributed to grow Japanese HSFO stocks by 4% to a nine-week high of 7.52 million bbls last week. Japan did not import any HSFO, but exported 738,000 bbls – the highest levels in many months.

Low sulphur bunker fuels have tightened for another week in South Korean ports. Lead times have increased by three days to 10 days for VLSFO and LSMGO stems in Busan. Fuel availability seems to be better in the South Korea’s western ports, with the earliest delivery dates 5-6 days ahead. HSFO380 availability has been persistently tight throughout the country’s ports in recent weeks.

Bunker fuels continue to be in short supply in Far East Russian ports. Cargoes are being sold to support export contracts, which has tightened the bunker market, according to trading sources.


Photo credit: ENGINE
Published: 23 March, 2021

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Winding up

Singapore: Liquidator of Xin Bo Shipping Pte Ltd issues notice of dividend

First interim dividend of Xin Bo Shipping is payable by 7 October, according to Government Gazette notice.
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September 24, 2026

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RESIZED Drew Beamer

A notice of dividend for Xin Bo Shipping Pte Ltd, which is currently in creditors’ voluntary liquidation, was published on the Government Gazette on Wednesday (23 September). 

The following are the details of the notice:

Name of Company : Xin Bo Shipping (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 199003660R
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Amount per centum (US$) : 30.00 cents to a dollar of admitted unsecured claims
First and Final or otherwise : First Interim Dividend
When payable : By 7 October 2026
Where payable : Entitlements will be made either by way of telegraphic transfer or by cheque, to be collected from the Company’s registered address as above.

 

Photo credit: Drew Beamer
Published: 24 September, 2026

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Winding up

Singapore: Creditors’ meeting for Fair Wind Chartering Pte Ltd scheduled for 6 October

A creditors’ meeting of Fair Wind Chartering Pte Ltd has been scheduled to take place at 3pm on 6 October, according to a Government Gazette notice.

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9 hours ago

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September 24, 2026

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Resized benjamin child

A creditors’ meeting of Fair Wind Chartering Pte Ltd has been scheduled to take place on 6 October, according to a Tuesday (22 September) notice on the Government Gazette.

The meeting will be held via video conferencing at 3pm for the following agenda: 

  • To receive a Statement of Affairs of the Company, showing the assets and liabilities, together with a list of creditors and the estimated amount of their claims.
  • To confirm the appointment of Chee Fung Mei, Licensed Insolvency Practitioner, of CHEE FM & ASSOCIATES 110 Middle Road #05-03 Singapore 188968 as Liquidator of the Company for the purpose of such voluntary winding up, and that the Liquidator’s fees be based on her normal scale rates and disbursements incurred be paid out of the Company’s assets.
  • To consider and if deemed fit appoint a Committee of Inspection.
  • To consider any other matters which may properly be brought before the meeting.

According to the Singapore Business Directory website, the company’s principal activity is shipping and chattering of ships or boats. 

Note: To entitle you to vote thereat, your Proof of Debt must be lodged with the Provisional Liquidator not later than 10:00am on the 5th October 2026. Please submit your Proof of Debt and register your attendance by email to [email protected] to receive further details on the video conference.

 

Photo credit: Benjamin Child
Published: 24 September, 2026

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Business

Straits Energy proposes MYR 90 million capital reduction to offset accumulated losses

Straits Energy Resources proposed to undertake a reduction of MYR 90 million of its issued share capital to offset accumulated losses of the company and strengthen its financial position.
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9 hours ago

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September 24, 2026

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Resized Straits Energy Resources Berhad

Bursa Malaysia-listed Straits Energy Resources Berhad (Straits) on Monday (21 September) proposed to undertake a reduction of MYR 90 million (USD 22 million) of its issued share capital to offset accumulated losses of the company and strengthen its financial position.

In a filing with Bursa Malaysia, the company said the proposed capital reduction entails the reduction of the issued share capital of Straits via the cancellation of the company’s paid-up share capital, which is substantially lost or unrepresented by available assets. 

The corresponding credit of MYR 90 million arising from the proposed exercise will be utilised to partially offset the accumulated losses while any balance credit will be credited to the capital reserve account which would serve as an additional credit buffer to set off future losses of the company.

The MYR 90 million was determined by the Board, after taking into consideration amongst others, the unaudited accumulated losses of the company for the financial year ended 30 June 2026 of MYR 101.91 million.

The proposal will not have any effect on the number or percentage of shares held by the substantial shareholders of the company as it does not involve any issuance, cancellation or transfer of shares held by the shareholders.

“Barring any unforeseen circumstances and subject to all required approvals being obtained, the proposed capital reduction is expected to be completed in the first quarter of 2027,” the company added. 

 

Photo credit: Straits Energy Resources
Published: 24 September, 2026

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