Asian bunker markets brace for more disruption as Hormuz tensions reignite
- Lead times at key Asian ports have increased from last week as supplies to key ports remain limited
- Fuel oil imports into Fujairah stay well below pre-Hormuz conflict levels even with new arrivals of Iraqi cargoes
- The fall in prices in Fujairah, Zhoushan and Singapore has been a reflection of tepid demand and the correction in oil prices instead of ample availability
Disruptions at Chinese ports caused by Typhoon Bavi could cause a knock-on effect on other ports as vessels get diverted elsewhere for bunkering
