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…
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 to 7-10 days. The shortest lead times have crept up since late September, when VLSFO and HSFO could be booked 10 days ahead and LSMGO in around five days.
Onshore residual fuel oil stocks averaged 18.56 million bbls in October, against 24.13 million bbls a year earlier, according to Enterprise Singapore data. That is despite higher net fuel oil imports than a year ago: 3.80 million bbls in October, against 3.03 million bbls.
In the first week of November, stocks edged up to 19.14 million bbls. Venezuela (20%), Russia (15%) and Kuwait (14%) have supplied the most fuel oil so far this month, according to cargo tracker Vortexa. Port Klang in Malaysia has limited HSFO available. LSMGO and prompt VLSFO are tight.
This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →
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