Singapore
Availability of VLSFO remains tight in Singapore with lead times remaining almost steady on the week, at 11-13 days. Demand for the grade remains okay at the port, a source says.
Lead times of 9-12 days are recommended for HSFO in Singapore, compared to much shorter lead times of 5-6 days for LSMGO.
Singapore’s residual fuel oil stocks have remained steady with November levels so far this month, despite a 21% decline in net fuel oil imports, according to Enterprise Singapore. Fuel oil imports have fallen by 25% in Singapore so far in December. The port’s fuel oil exports have slumped 32% lower, but from a smaller base.
Singapore’s middle distillate stocks, meanwhile, have averaged 3% lower so far this month than in November.
East Asia
VLSFO availability remains good in Zhoushan with lead times 2-3 days advised. However, weather disruptions can delay deliveries in the port during the winter, and rough weather conditions are forecast until 25 December, a source says.
LSMGO cane be delivered prompt and requires around four days of lead time in Zhoushan. The arrival of replenishment cargoes has eased the tightness for the grade.
Availability of HSFO remains tight in the Chinese bunkering hub, with recommended lead times subject to enquiry. Replenishment cargo volumes are only expected to arrive in early January, which might alleviate the situation, a source says.
Availability across all grades remain fairly good in Hong Kong, with lead times of around seven days.
Meanwhile, recommended lead times for VLSFO across South Korean ports have halved from last week, to seven days now. Availability, however, remains tight for the grade despite low demand, a source says.
Lead times for LSMGO and HSFO are around a week out in South Korea’s southern ports. Deliveries of the grades remain subject to barge availability.
Bunkering in South Korean ports of Busan, Onsan and Incheon might be impacted by weather-related disruptions in the later part of the week, a source says.
LSMGO availability is normal in the Philippines’ Manila, with lead times of three days, as suppliers require approval from customs.
Availability of VLSFO and LSMGO is normal in Indonesian ports. One supplier can deliver prompt stems.
South Asia
Availability of both VLSFO and LSMGO remains good in India’s Mumbai. Recommended lead times for the grade are prompt at around two days.
Mundra on India’s northwest coast has good availability of VLSFO and HSFO, with lead times of five days.
VLSFO and LSMGO availability remains normal in Visakhapatnam on India’s southwestern coast. One supplier can also accommodate HSFO stems for prompt delivery, but these are typically subject to enquiry.
One supplier in Sri Lanka’s Colombo can offer all the grades, with short lead times of around four days. However, potential bunker disruptions are anticipated at the port from Wednesday afternoon through to Thursday, when strong winds are forecast.
Middle East
Recommended lead times are 8-9 days ahead for all fuel grades in Fujairah. Some suppliers can offer prompt stems for all the grades. The UAE port has been witnessing high demand for the past weeks, a source says.
Prompt delivery dates for LSMGO are available across the Omani ports of Duqm, Sohar, Salalah and Muscat.
Source: ENGINE, By Tuhin Roy, https://engine.online/