High freight rates cut bunker demand in Zhoushan, Hong Kong as bunker-only calls declineShips occasionally deviate from the most direct route between their loading and discharge ports to buy cheaper bunker fuel. However, at current freight rates it is more profitable to complete journeys as quickly as possible to maximize utilization, market sources said.
Singapore's 380 CST bunker sales slip to one-year low; other ports eager to get pie"Not all physical suppliers here [in Singapore] supply HSFO. Shipping bottlenecks and delayed vessel sailing schedules [in the Asian region] are also weighing on overall demand," an industry source said.
Bunker prices at Chinese ports gain on supply tightness; Zhoushan bucks trendBunker fuel prices in ports other than Zhoushan are strong because of tight supply, driven by a shift by refiners to middle and light distillates.
Fujairah oil product stocks dip amid plunge in middle distillatesThe supply of marine fuel 0.5%S in Fujairah has tightened as robust demand for the bunker fuel depleted inventories and tightened barge availability, traders said.
INTERVIEW: Shipping's decarbonization move set to hit HSFO demandJanuary-September sales of high sulfur bunker fuel, which includes 180 CST, 380 CST and 500 CST bunker fuel, at the world's largest bunkering port stood at about 9.4 million mt, up about 26% year on year.