Low sulphur fuel delays hit Singapore

Low sulphur fuel delays hit Singapore

Bloomberg is reporting that ships are queuing more than twice as long as normal to stock up on new low sulphur fuel at the world’s top bunkering hub, Singapore.

Rather than the normal average of five days, Bloomberg reports it is now taking on average about two weeks to book a barge in Singapore with only around of a fifth of the 300 bunker barges having completed the cleaning of their tanks to be able to handle low sulphur fuel.

Elsewhere, Splash is hearing of delays across the world as shipping’s greatest fuel switch for a century has hit an inevitable initial supply chain bump. The delays are expected to send freight rates higher, especially for tankers, where tonnage has been tight in recent weeks.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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1 Comment

  1. Avatar
    jim walsh
    November 30, 2019 at 4:23 pm

    Sam,
    Would it be a stretch to suggest that the bargemen are manipulating the market to their best advantage…What motivates: The Wealth Of Nations, Book IV Chapter VIII, v. ii, p. 660, para. 49.…AND THE DISTORTION OF TRADE
    “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices…. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies, much less to render them necessary…