ENGINE: East of Suez Fuel Availability Outlook

East of Suez sees tight fuel availability outlook. Singapore and Malaysia's bunker markets remain constrained despite average demand, with VLSFO lead times at 10-15 days and LSMGO lead times at 5-7 days. Malaysia's Port Klang faces tight supply, particularly for VLSFO. East Asia sees similar tight conditions at Zhoushan, with VLSFO lead times at 12 days and LSMGO at 12 days.

Chinese ports like Dalian, Qingdao, Tianjin, and Shanghai have mixed conditions, with some ports facing tightness across all grades. Southern Chinese ports also struggle with supply shortages. Chinese bunkering activity slows during the National Day Golden Week holiday. Hong Kong's market stays steady with around seven-day lead times.

Taiwan's Keelung, Hualien, Taichung, and Kaohsiung ports see quick VLSFO and LSMGO deliveries, though availability remains stable. South Korea experiences improved bunker availability due to subdued demand during public holidays. Weather disruptions loom for western ports in South Korea. Japan's market remains constrained due to refinery maintenance and power generation priorities, with VLSFO and HSFO in high demand.

Indonesia's market stays healthy, with VLSFO lead times at 2-3 days. Western Australia's market stays stable with VLSFO readily available at Kwinana and Fremantle. East Australian ports like Sydney and Melbourne have tightened availability for HSFO. Dampier Cargo Wharf resumes pipeline bunkering in Western Australia, but cyclone season poses fresh risks. New Zealand's market remains stable with readily available VLSFO in Tauranga and Auckland.