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Bunker Fuel Availability

JLC China Bunker Market Monthly Report (January 2024)

Country recorded about 1.82 million mt of bonded bunker fuel sales in January, with the daily sales up by 17.54% month on month to 58,548 mt, JLC’s data shows.

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Zhoushan bunker sales Jan 2024

Beijing-based commodity market information provider JLC Network Technology Co. recently shared its JLC China Bunker monthly report for January 2024 with Manifold Times through an exclusive arrangement:

Bunker Fuel Demand

China’s bonded bunker fuel sales surge in January

China’s bonded bunker fuel sales spiked in January, mainly because of healthy demand from the shipping sector, as well as increasing supply following the release of LSFO export quotas.

The country recorded about 1.82 million mt of bonded bunker fuel sales in January, with the daily sales up by 17.54% month on month to 58,548 mt, JLC’s data shows.

The sales by Chimbusco and Sinopec (Zhoushan) respectively rose to 580,000 mt and 670,000 mt in the month, while those by suppliers with regional bunkering licenses climbed to 495,000 mt, up from 424,100 mt in December. By contrast, the sales by SinoBunker slid to 40,000 mt in the month, down from 50,000 mt in the previous month. At the same time, China ChangJiang Bunker (Sinopec) sold about 30,000 mt of bonded bunker fuel, unchanged month on month.

China’s bonded bunker fuel exports rally in December 2023

China’s bonded bunker fuel exports rallied in December 2023, because of a relatively low base a month earlier.

The country recorded about 1.59 million mt of bonded bunker fuel exports in the month, jumping by 16.18% month on month, JLC estimated, with reference to data from the General Administration of Customs of PRC (GACC).

Heavy bunker fuel exports amounted to 1.51 million mt in the month, accounting for 94.85% of the total, while light bunker fuel exports settled at 81,900 mt, accounting for 5.15%.

Suppliers with national bunkering licenses exported roughly 1.17 million mt of bonded bunker fuel in the month, accounting for 73.32%, with Sinopec Fuel Oil and Chimbusco taking 67.63%. In the meantime, enterprises with regional licenses exported about 424,100 mt, occupying 26.68%.

The month-on-month increase in the exports was mainly ascribed to a relatively low base in November when Chinese refiners cut their bonded bunker fuel exports to a ten-month low.

However, tighter export quotas and low-sulfur fuel oil (LSFO) supply limited the growth in December’s bonded bunker fuel exports.

On a year-on-year comparison, China’s bonded bunker fuel exports surged by 32.32% in December.

China exported a total of 19.66 million mt of bonded bunker fuel in 2023, growing by 3.06% from the previous year, accelerating from a rise of 1.09% in January-November.

China bunker blending profit by region 2023

China major blending producers Dec 2023

Domestic-trade heavy bunker fuel demand largely stable in Jan

Domestic-trade heavy bunker fuel demand was basically stable in January, when most shipowners based purchase on rigid demand amid overpriced bunker fuel. Domestic-trade heavy bunker fuel demand was estimated at 430,000 mt in the month, largely stable from the previous month, JLC’s data shows.

However, domestic-trade marine gasoil (MGO) demand dwindled to 120,000 mt in the month, down by 10,000 mt or 7.69% month on month, the data also shows. Domestic-trade light bunker fuel demand weakened, as the inland shipping market sagged and downstream restocking shrank with the approach of the Spring Festival.

Bunker Fuel Supply

China’s bonded bunker fuel imports tumble in December

China's bonded bunker fuel imports stood at 315,200 mt in December, a slump of 41.29% month on month and 23.92% year on year, JLC estimated, with reference to data from the General Administration of Customs of PRC (GACC).

Though domestic LSFO output declined further, most distributors continued to cut their imports in the month amid high import costs.

South Korea topped all suppliers by shipping 95,400 mt to China in December, accounting for 30.26% of the latter's total imports, while Malaysia climbed to the second place with 88,600 mt, accounting for 28.11%. Iraq and Japan ranked third and fourth with 86,600 mt and 30,700 mt, making up 27.46% and 9.73% respectively.

Russia slipped to the fifth place with 13,000 mt, occupying 4.12%, while Singapore fell to the sixth place with only 1,000 mt, accounting for 0.32%.

China's bonded bunker fuel imports are expected to move lower in January 2024 because domestic LSFO production will return to normal after the release of the first batch of LSFO export quotas for this year.

Bonded bunker fuel imports by source Nov 2023

Domestic-trade heavy bunker fuel supply increases in January

Domestic-trade heavy bunker fuel supply increased slightly in January, as blenders showed higher production interest amid considerable blending margins. Meanwhile, downstream buyers increased purchases for pre-holiday replenishment, which also prompted blenders to accelerate production. Chinese blenders supplied about 440,000 mt of domestic-trade heavy bunker fuel in the month, up by 10,000 mt or 2.33% from a month earlier, JLC’s data indicates.

On the contrary, domestic-trade marine gasoil (MGO) supply came in at 140,000 mt in the month, a monthly decline of 10,000 mt or 6.67%, the data shows. Refineries’ production enthusiasm was relatively low when MGO prices dropped in tandem with falling diesel prices.

Arrival of imported FO cargoes Jan 2024

Bunker Prices, Profits

China main oil blending feedstock prices

China domestic trading 180 cSt bunker fuel price 2020 2023

China bunker blending profit by region 2023

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JLC Network Technology Co., Ltd is recognized as the leading information provider in China. We specialized in providing the transparent, high-value, authoritative market intelligence and professional analysis in commodity market. Our expertise covers oil, gas, coal, chemical, plastic, rubber, fertilizer and metal industry, etc.

JLC China Bunker Fuel Market Monthly Report is published by JLC Network Technology Co., Ltd every month on China bunker market, demand, supply, margin, freight index, forecast and so on. The report provides full-scale & concise insight into China bunker oil market.

All rights reserved. No portion of this publication may be photocopied, reproduced, retransmitted, put into a computer system or otherwise redistributed without prior authorization from JLC.

Related: JLC China Bunker Market Monthly Report (December 2023)
RelatedJLC China Bunker Market Monthly Report (November 2023)
Related: JLC China Bunker Market Monthly Report (October 2023)
Related: JLC China Bunker Fuel Market Monthly Report (September 2023)
Related: JLC China Bunker Market Monthly Report (August 2023)
Related: JLC China Bunker Market Monthly Report (July 2023)
Related: JLC China Bunker Market Monthly Report (June 2023)
Related: JLC China Bunker Fuel Market Monthly Report (May 2023)
Related: JLC China Bunker Market Monthly Report (March 2023)
Related: JLC China Bunker Market Monthly Report (February 2023)
Related: JLC China Bunker Market Monthly Report (January 2023)

Note: China-based commodity market information provider JLC Technology has been providing Singapore bunkering publication Manifold Times China bunker volume data since 2020. Data from earlier periods are available here.

 

Photo credit: JLC Network Technology
Published: 9 February 2024

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Bunker Fuel Availability

ENGINE: Europe & Africa Bunker Fuel Availability Outlook (16 Apr 2025)

HSFO and VLSFO supply normal in the ARA; bunker supply improves in Gibraltar; VLSFO supply remains tight in Durban.

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RESIZED ENGINE Europe and Africa

The following article regarding Europe and Africa bunker fuel availability has been provided by online marine fuel procurement platform ENGINE for post on Singapore bunkering publication Manifold Times:

  • HSFO and VLSFO supply normal in the ARA
  • Bunker supply improves in Gibraltar
  • VLSFO supply remains tight in Durban

Northwestern Europe

HSFO and LSMGO supplies in the ARA are normal, while VLSFO supply remains tight, a trader told ENGINE. However, securing very prompt delivery of HSFO can be difficult in the hub, with recommended lead times of 8-10 days. Lead times of 3-5 days are advised for LSMGO and VLSFO requires up to seven days.

The ARA’s independently held fuel oil stocks are down by 9% so far this month compared to March, according to Insights Global data. At 6.63 million bbls, the region’s fuel oil stocks are at their lowest so far this year.

The region has imported 269,000 b/d of fuel oil so far this month, an increase from 198,000 b/d of fuel oil imported in March, according to data from cargo tracker Vortexa.

Mexico (30% of the total) has emerged as the region’s topmost import source, followed by Estonia (23%), the US (15%), the UK (12%), France and Poland (8% each), Denmark (4%) and Finland (1%).

The region’s independent gasoil inventories - which include diesel and heating oil – have averaged 5% lower in April thus far. The ARA hub has imported 172,000 b/d of gasoil and diesel so far this month, marking a steep decline from 346,000 b/d imported in March, according to Vortexa data.

Prompt bunker supply is good in Germany’s Hamburg port, a trader said. All bunker grades require lead times of 3-5 days, consistent with the past last few months.

Mediterranean

Bunker supply in the Gibraltar Strait has improved now, after remaining tight for prompt deliveries last week. Lead times of 4-8 days are recommended for all three grades.

After multiple days of adverse weather conditions, Gibraltar, Algeciras and Ceuta are now fully operational. Conducive weather is forecast in Gibraltar until Friday. However, strong winds are expected to hit the port on Saturday and Sunday, which could complicate deliveries.

Similar to last week, prompt supply is tight in the port of Las Palmas, a trader said. Lead times of 12-14 days are advised for all three grades. 

Bunker supply is stable in other Mediterranean ports, including Istanbul, Piraeus and Malta Offshore, a trader told ENGINE.

In Turkey's Istanbul, prompt availability is good for all three grades. Lead times of 3-5 days are recommended for deliveries there.

In the Greek port of Piraeus, securing bunker deliveries during the Easter weekend can be difficult, as barge operations will be suspended between 19-20 April, a source said.

Malta Offshore has good bunker supply with prompt delivery dates available, a trader said.

Africa

VLSFO supply remains tight in the South African ports of Durban and Richards Bay, with lead times of 7-10 days advised for the grade in both ports, according to a trader.

Durban's LSMGO supply still remains dry, a trader said. The grade has been dry since the last week of January, when suppliers ran out of LSMGO stock.

Port Louis continues to have normal bunker availability. Prompt deliveries with lead times of 5-7 days are possible for VLSFO and LSMGO, while HSFO requires 7-10 days .

By Samantha Shaji

 

Photo credit and source: ENGINE
Published: 17 April, 2025

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Bunker Fuel

Panama bunker fuel sales up by 27.7% on year in March 2025

Total bunker sales at Panama was 498,814 mt in March 2025, compared to sales of 390,678 mt during the similar period in 2024, according to latest PMA data.

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RESIZED Panama

Bunker fuel sales at Panama increased by about 27.7% in March 2025, according to the latest data from La Autoridad Maritima de Panama, also known as the Panama Maritime Authority (PMA).

Total bunker sales at Panama was 498,814 metric tonnes (mt) in March 2025, compared to sales of 390,678 mt during the similar period in 2024.

In March 2025, the Pacific side of Panama posted bunker sales of 422,034 mt; 250,364 mt of VLSFO, 129,968 mt of RMG 380, 5,410 of marine gas oil (MGO), and 36,292 mt of low sulphur marine gas oil (LSMGO) were delivered.

The similar region saw total marine sales of 329,076 mt a year before in March; with VLSFO sales at 191,038 mt, RMG 380 sales at 106,059 mt, MGO sales at 10,270 mt, and 21,709 mt of LSMGO being sold.

Panama’s Atlantic side, meanwhile, recorded total bunker fuel sales of 76,780 during March 2025; the figure comprised 56,388 mt of VLSFO, 6,604 mt of RMG 380, 2,582 mt of MGO, and 11,206 mt of LSMGO.

It saw total sales of 61,602 mt in March a year before; with VLSFO sales of 43,294 mt, RMG 380 sales of 8,170 mt, 3,972 mt of MGO, and LSMGO sales of 6,166 mt.

 

Photo credit: jhernandezb05 from Pixabay
Published: 16 April, 2025

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Bunker Fuel Availability

ENGINE: East of Suez Bunker Fuel Availability Outlook (15 Apr 2025)

VLSFO availability is tight in Singapore; bunker demand low in Fujairah; prompt HSFO supply is tight across several Japanese ports.

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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 availability is tight in Singapore
  • Bunker demand low in Fujairah
  • Prompt HSFO supply is tight across several Japanese ports

Singapore and Malaysia

VLSFO lead times in Singapore have widened to 8–12 days, up from 7–10 days last week. In contrast, HSFO lead times have shortened to 5–9 days, compared to the previous 7–11 days. LSMGO availability remains steady, with recommended lead times ranging from 2-7 days.

According to the latest data from Enterprise Singapore, the port’s residual fuel oil stocks have averaged 15% higher so far this month than in March. Fuel oil imports have surged by 29%, increasing by 1.64 million bbls. This rise has far outpaced the 432,000-bbl increase in exports, resulting in a notable buildup of stock levels. On the other hand, middle distillate inventories at the port have dropped by 9% this month to 9.35 million bbls—the lowest level since January.

At Malaysia’s Port Klang, VLSFO and LSMGO remain readily available, with prompt deliveries possible for smaller volumes. However, HSFO supply continues to be limited.

East Asia

Availability has improved across all grades in Zhoushan, where most suppliers now recommend lead times of 4–6 days, down from 5–7 days previously.

In northern China, Dalian and Qingdao have healthy stocks of VLSFO and LSMGO, although HSFO remains limited in Qingdao. Tight supply conditions persist in Tianjin for both VLSFO and HSFO, while LSMGO availability remains steady.

In Shanghai, VLSFO and HSFO are also under supply pressure, but LSMGO continues to be readily available. Further south, Fuzhou has strong availability of both VLSFO and LSMGO. Xiamen has good VLSFO supply but limited LSMGO.

Prompt deliveries of VLSFO and LSMGO remain difficult to secure in Yangpu and Guangzhou.

In Hong Kong, lead times for all fuel grades remain stable at around seven days, unchanged from recent weeks.

In Taiwan, VLSFO and LSMGO supplies remain stable in Hualien and Keelung, with lead times holding steady at around two days, the same as last week. In Kaohsiung and Taichung, deliveries of both grades require lead times of approximately three days.

Lead times for all fuel grades at several South Korean ports have shortened from 3–10 days last week to 3–6 days currently.

However, bunker operations are expected to face disruptions due to high waves and strong winds in Ulsan, Onsan, and Busan from 16–21 April, in Daesan and Taean from 16–19 April, and in Yeosu from 19–21 April.

Prompt VLSFO supply remains tight across several Japanese ports, including Tokyo, Chiba, Yokohama, Kawasaki, Osaka, Kobe, Sakai, Nagoya, Yokkaichi and Mizushima.

LSMGO availability is generally stable, although prompt deliveries can be difficult to secure in Osaka, Kobe, Sakai, Nagoya, Yokkaichi and Mizushima. Similarly, prompt HSFO supply remains constrained across many Japanese ports. In Oita, availability of all fuel grades is subject to enquiry.

Oceania

In Western Australia, Kwinana, Fremantle, and Kembla have strong supplies of VLSFO and LSMGO, with recommended lead times of 7–8 days. In New South Wales, Sydney has ample LSMGO availability, though securing prompt HSFO deliveries remains challenging.

In Victoria, both Melbourne and Geelong report abundant VLSFO and LSMGO stocks, but prompt HSFO stems are difficult to obtain. Queensland ports—Brisbane and Gladstone—also maintain sufficient VLSFO and LSMGO supplies, with lead times of 7–8 days. However, HSFO availability in Brisbane remains limited.

In New Zealand, Tauranga and Auckland have adequate VLSFO stocks, and suppliers in Auckland can provide prompt LSMGO deliveries. Bunker operations in Tauranga, however, may face intermittent disruptions due to rough weather expected throughout the week.

South Asia

VLSFO continues to be in tight supply at several Indian ports—Mundra, Kandla, Mumbai, Tuticorin, Chennai, Visakhapatnam, Cochin, and Haldia—reflecting conditions seen in recent weeks. LSMGO availability at most Indian ports remains subject to inquiry.

Adverse weather is expected to disrupt bunker deliveries at Kandla and Sikka from 16–19 April, and at Visakhapatnam from 17–19 April.

In Sri Lanka, a supplier recommends lead times of approximately eight days for all grades at ports including Colombo and Hambantota.

Middle East

In Fujairah, prompt availability remains tight despite low demand, with lead times for all grades steady at 5–7 days, the same as last week. Suppliers in Khor Fakkan report similar lead times.

In Jeddah, VLSFO supply continues to be limited, while LSMGO is sufficiently available. In Djibouti, bunker supply is under pressure, with both VLSFO and LSMGO running low.

At Omani ports—including Sohar, Salalah, Muscat, and Duqm—LSMGO supply remains ample.

By Tuhin Roy

 

Photo credit and source: ENGINE
Published: 16 April, 2025

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