ENGINE: East of Suez Bunker Fuel Availability Outlook
Singapore and Malaysia Bunker supply in Singapore is very tight for prompt dates across all three grades. VLSFO is very tight further out as well, while HSFO and LSMGO are tight. Suppliers recommend 13-17 days’ notice for VLSFO, up from 13-15 days last week, and 12-16 days for HSFO. LSMGO lead times have eased slightly ...
Bunker fuel supply is extremely tight in Singapore for immediate deliveries across all three grades, according to recent reports. VLSFO is particularly scarce, with suppliers recommending a 13-17 day lead time, up from 13-15 days the previous week. HSFO also faces tight supply, with recommended lead times increasing to 12-16 days. LSMGO, however, now has slightly shorter lead times of 7-10 days.
Lead times for bunker fuels have been creeping upward since late September, when VLSFO and HSFO were available for booking 10 days ahead and LSMGO could be secured in around five days. In October, onshore residual fuel oil stocks averaged 18.56 million barrels, a significant drop from 24.13 million barrels a year earlier, despite higher net fuel oil imports of 3.80 million barrels compared to 3.03 million barrels the previous year.
In the first week of November, stocks slightly rebounded to 19.14 million barrels. The top suppliers of fuel oil this month have been Venezuela (20%), Russia (15%), and Kuwait (14%), according to cargo tracker Vortexa. Port Klang in Malaysia is currently experiencing limited availability of HSFO, while LSMGO and prompt VLSFO are in short supply.
Lead times remain consistent at approximately seven days for all three grades at Hong Kong's port. However, supply is tight for HSFO and LSMGO, and very tight for VLSFO. In South Korea's southern ports, including Busan, Masan, Ulsan, Onsan, Yeosu, and Gwangyang, LSMGO can be delivered within 2-5 days, while all grades take 4-9 days. VLSFO requires 3-9 days, and HSFO takes six days to deliver.
East Asia's Fujairah port in the Middle East is also facing fuel oil supply tightness across all three grades for immediate and future deliveries. Stocks at Fujairah held around 4.5 million barrels in September and October, after fluctuating between 3.45 million and 5.54 million barrels during the summer months. Fujairah has exported more fuel oil than it has imported every month since June, with Singapore accounting for 46% of its exports in October.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.