Connect with us

Business

JLC China Bunker Market Monthly Report (December, 2020)

Bunker demand in China increased amid bullish sentiments on transport demand and higher bunker prices; suppliers also offered discounts to boost sales for the year end.

Admin

Published

on

Screen Shot 2021 01 14 at 2.02.36 PM

Beijing-based commodity market information provider JLC Network Technology Co. on Thursday (14 January) shared its JLC China Bunker monthly report for December with Manifold Times through an exclusive arrangement: 

JLC China Bunker Market Monthly Report (December, 2020)

Highlights

 Demand and Supply

Bunker Fuel Demand

Bonded bunker fuel sales edge up in December

In December, China’s bonded bunker fuel sales inched up to 1.49 million mt, JLC data showed. Bunkering demand from end users increased amid bullish sentiments on better transportation demand and higher bonded bunker fuel prices. Besides, bonded bunker fuel suppliers tended to offer discounts to boost sales by the end of the year. Chimbusco and Sinopec sold about 643,400 mt and 556,500 mt of bonded bunker fuel, respectively. Bonded bunker fuel sales were about 45,600 mt for SinoBunker and 42,000 mt for China ChangJiang Bunker (Sinopec). New enterprises in the China (Zhejiang) Pilot Free Trade Zone sold 205,000 mt.

China’s bonded bunker fuel sales nudged up to 1.34 million mt in November, up by 0.91% month on month, according to GAC data. In November, sales were underpinned by stable to higher bunker fuel demand. Bunker fuel oil prices strengthened from H2 November amid a stronger shipping market. Specifically, bonded bunker fuel sales were 522,800 mt for Sinopec, 610,400 mt for Chimbusco, 44,400 mt for SinoBunker, 22,000 mt for China ChangJiang Bunker (Sinopec) and 144,100 mt for new enterprises in the China (Zhejiang) Pilot Free Trade Zone.

Screen Shot 2021 01 14 at 2.03.44 PM

Screen Shot 2021 01 14 at 2.04.26 PM

Domestic bunker fuel demand improves in December

Domestic bunker fuel demand grew in December. End users’ consumption of domestic-trade heavy bunker fuel was about 350,000 mt in the month, up by 20,000 mt from the previous month. The demand for light bunker fuel was 130,000 mt in December, up by 10,000 mt from November. Supported by strong blendstock costs and international crude prices, domestic bunker fuel prices rose markedly, sparking buying interest of downstream users. Demand for coal transport improved significantly in winter, but transportation slowed down amid cold weather. As a result, freight rates and domestic bunker fuel demand rose. 

Bunker Fuel Supply

Bonded bunker fuel imports rebound 78.87% in November

China’s bonded bunker fuel imports were 1.13 million mt in November, a jump of 78.87% month on month and a rise of 6.85% year on year, GAC data showed. Bonded bunker fuel distributors increased imports as import prices were attractive in early November and domestic inventories were low. Chimbusco and Sinopec ramped up imports of low-sulfur fuel oil, with large imported cargoes arriving at Zhoushan and Qingdao ports. Therefore, bonded bunker fuel imports in November rebounded sharply. 

Specifically, the largest import source for China was still Malaysia with 528,600 mt of bunker fuel. Imports from Singapore and South Korea were 319,000 mt and 155,400 mt respectively. The imports were 88,900 mt from the UAE and 28,600 mt from Russia.

Screen Shot 2021 01 14 at 2.04.52 PM

Domestic blended bunker fuel supply climbs in December

Chinese blending producers supplied a total of around 380,000 mt of heavy bunker fuel in December, a rise of 30,000 mt or 8.57% month on month, JLC data showed. In December, low-sulfur residue oil supply rose, especially the supply in the northeastern region. However, blended bunker fuel supply in East and South China was thin on tight supply of asphalt there. Trades were active, supported by firm international crude prices. Due to tight supply of tax-included products, some downstream users fixed their purchasing prices in advance. Light bunker fuel supply was about 140,000 mt, up by 10,000 from November as refiners kept high operating rates, despite narrowing refining margins.

Screen Shot 2021 01 14 at 2.05.12 PM

Bunker Prices, Profits Screen Shot 2021 01 14 at 2.07.31 PM

Screen Shot 2021 01 14 at 2.08.16 PM

Screen Shot 2021 01 14 at 2.07.53 PM  

Editorial Director

Amanda Zhao

+86-10-84428984

[email protected]  

Sales  Beijing

Tony Tang

+86-10-84428863

[email protected] 

Editor

Rachel Xu

+86-20-38834392

[email protected]  

Singapore

Ginny Teo

+65-31571254

[email protected] 

Tobey Li

+86-10-84428620

[email protected]  

Hong Kong

Jin Byun

+852 9103 1936

[email protected]

 

[email protected] 

 

JLC Network Technology Co., Ltd is recognised as the leading information provider in China. We specialised in providing the transparent, high-value, authoritative market intelligence and professional analysis in commodity markets. Our expertise covers oil, gas, coal, chemical, plastic, rubber, fertiliser and metal industry, etc.

JLC China Bunker Fuel Market Monthly Report is published by JLC Network Technology Co., Ltd every month on China bunker market, demand, supply, margin, freight index, forecast and so on. The report provides full-scale & concise insight into China bunker oil market. 

All rights reserved. No portion of this publication may be photocopied, reproduced, retransmitted, put into a computer system or otherwise redistributed without prior authorisation from JLC.

Related: JLC China Bunker Market Monthly Report (November, 2020)
Related: JLC China Bunker Market Monthly Report (October, 2020)
Related: JLC China Bunker Market Monthly Report (September, 2020)
Related: JLC China Bunker Market Monthly Report (July, 2020)
Related: JLC China Bunker Market Monthly Report (June, 2020)
Related: JLC China Bunker Oil Market Monthly Report (May, 2020)


Photo credit: JLC Network Technology Co Ltd
Published: 14 January, 2021

Continue Reading

Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

Admin

Published

on

By

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

Continue Reading

Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Admin

Published

on

By

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

Continue Reading

Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

Admin

Published

on

By

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

Continue Reading
Advertisement

OUR INDUSTRY PARTNERS



Trending