Singapore’s VLSFO availability is improving. Demand is low in Zhoushan, and supply is limited in Fujairah.
Singapore
Suppliers in Singapore have been seeing average demand so far this week, a source says. VLSFO availability has improved in the port, with lead times for the grade coming down from 8-9 days last week to 3-5 days now.
Meanwhile, some suppliers that were offering HSFO with lead times of 8-9 days last week, are now recommending slightly longer lead times of 9-11 days. LSMGO remains readily available, with unchanged lead times of 2-4 days.
East Asia and Oceania
A source says weak demand has prevented tightness in Zhoushan, with most suppliers recommending short lead times of 3-5 days – almost unchanged from last week. Availability across all bunker fuel grades remains good in Hong Kong amid decent demand. Several suppliers are advising unchanged lead times of around seven days across all grades. Meanwhile, all port operations resumed late last week in the South Korean ports of Pyeongtaek,
Dangjin, Ulsan, Onsan and Yeosu, after being suspended by typhoon Khanun. This has helped to improve availability across all fuel grades in South Korean ports.
South Asia
VLSFO and LSMGO grades can be delivered with around 2-3 days of lead time in Kandla on the northwest coast of India and in the country’s southern ports of Cochin and Chennai.
Availability of both grades remains tight in Mumbai and Visakhapatnam, where delivery dates are subject to availability. On the other hand, both grades remain subject to inquiry in Tuticorin port on the southeast coast and Haldia on the east coast, a source says. Bad weather is forecast in the Indian west coast ports of Kandla and Sikka between from 15-24 August, which could affect bunkering.
The Middle East
Due to high demand, prompt availability in Fujairah remains limited, and lead times remain unchanged from the previous week at 5-7 days. However, depending on stem size, certain providers can provide swift stems across all grades.
The nearby UAE port of Khor Fakkan offers excellent accessibility of all assessments, with 5-7 days recommended lead times – essentially the same as last week.
