The supply of fuel for ships in Singapore is facing serious challenges. Issues such as delays in the arrival of shipments and congestion at loading terminals have led to restrictions in fuel supply. Currently, the estimated times for VLSFO fuel are around 13 to 15 days, while last week these times varied between 13 days to three weeks. Additionally, the estimated times for HSFO fuel are also between 13 to 15 days.
Fuel Supply Situation in Malaysia
In Malaysia, the fuel supply situation at Port Klang is facing limitations in several types of fuel. Access to VLSFO fuel at this port is severely under pressure, and the supply of LSMGO fuel is also limited. Furthermore, the supply of HSFO fuel in this area is also encountering challenges.
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In East Asia, the supply situation for VLSFO and HSFO at Zhoushan Port is also facing shortages. The estimated times for both types of fuel have increased to about 15 days. This is occurring while demand in this region has decreased. Insufficient inventory and adverse weather conditions have caused restrictions in supply.
Developments in Fuel Supply in South Korea
In South Korea, demand for fuel has increased, and the price of VLSFO at Busan Port has decreased from about $80 per ton at the end of October to approximately $1390. At southern ports including Busan, Ulsan, and Masan, the estimated times for all types of fuel are currently between 4 to 9 days. Meanwhile, the supply situation at western ports such as Incheon and Pyeongtaek has also improved.
However, adverse weather conditions are expected to disrupt fuel supply operations at several ports in South Korea in the coming days.
The situation in Japan is also concerning. At the ports of Tokyo and Chiba in Japan, the supply of VLSFO and HSFO is severely limited, with estimated times for these fuels ranging between 9 to 13 days. At Nagoya Port, the supply of these fuels is also facing limitations.
In Australia, the fuel market in the west of the country remains stable, but in eastern Australia, the supply conditions are mixed. Port Kembla has a good supply situation for VLSFO, while Sydney Port is facing shortages in HSFO supply. Additionally, the supply of VLSFO and LSMGO is being carried out well at Brisbane and Gladstone ports.
In New Zealand, the fuel market is generally stable, but weather conditions in Wellington and other ports on the South Island may cause delays in fuel delivery.
In India, the estimated times for fuel supply at key ports such as Mumbai and Kochi are around 3 to 4 days, while in Sri Lanka, these times at Colombo and Hambantota ports remain around three days.
In the Middle East, the supply situation for VLSFO at Fujairah Port has improved, but the supply of LSMGO and HSFO remains limited.
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