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Alternative Fuels

China: Enterprises optimistic of bonded bunkering market expansion, but highlight challenges ahead

Sinopec’s 2021 China’s Energy and Chemical Industry Development Report forecasts fuel oil demand to increase from 43 million mt tons to 49.5 million mt tons in 2025.

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The following article first published by Manifold Times on 16 December was sourced from China’s domestic market through a local correspondent. An online translation service was used in the production of the current editorial piece:

The State Council of China recently gave permission to start bonded bunkering operations for international sailing vessels at Shanghai and Guangzhou, said a Sunday (12 December) report by China Energy News.

A number of local enterprises applauded the development, and believed it  marks the expansion of the Chinese bonded marine fuel oil market.

In 2020, seven domestic Chinese ports ranked among the top ten global port throughput. Ningbo Zhoushan Port was the largest marine fuel oil filling port, with an annual filling capacity of 4.7 million metric tonnes (mt).

“The oil supply business [bunkering] process of each single ship in China is more complex and less convenient,” says Yu Xiao, fuel oil analyst at Jin Lianchuang.

“At the same time, China’s bonded marine fuel oil has been highly dependent on imports for a long time, resulting in a lack of price competitive advantage.

“This prevented, international sailing ships docked at domestic ports from conducting bunkering operations, so the market size [for bonded bunkering operations] did not match the economic development level of Chinese domestic ports.

In recent years, in order to improve the efficiency of oil supply, Chinese customs, maritime affairs, border inspection and port free trade zones have introduced a number of innovative measures in terms of customs and policies to improve the bonded marine fuel oil market.

Guangzhou Port is the largest comprehensive main hub and container port in South China. At present, it is linked to 131 international container liner routes.

In 2020, the cargo throughput at Guangzhou Port is 636 million tons, ranking fourth in the world. Therefore, Guangzhou also has unique advantages in developing its bonded marine oil market.

A 2021 China Energy and Chemical Industry Development Report released by Sinopec predicts China’s fuel oil demand to increase from 43 million mt to 49.5 million mt in 2025.

Sinopec Fuel Oil company said it will improve its supply capacity and the quality of marine fuel oil production to prepare for the expected increase in China’s bonded marine oil market

“With the continuous decentralisation of the international ship bonded refueling permit, more oil supply enterprises will enter the relevant industries in the future, and it is also necessary to effectively improve the storage, distribution and fleet renewal,” says Sinopec.

“Infrastructure and equipment should be improved to reduce the oil supply operation time and to improve the quality and efficiency of bunkering operations.

“The most important thing is to optimise the regulatory environment, improve the regulatory efficiency, and provide greater regulatory convenience for the receiving vessel so as to greatly reduce cost inefficiencies of the bunkering industry.

“Overall, on the whole, in the era of low sulphur China’s bonded shipping oil market will develop well and the prospects are relatively optimistic.”

Related: Chinese government issues bonded bunkering permission at Guangzhou port
Related: China: Zhejiang Oil Center launches price information service for the storage of oil products
Related: China: Pilot digital trial reduces documentation time for Zhoushan bunkering ops

 

Photo credit: MarineTraffic / kapoor nischint
Published: 16 December, 2021

 

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LNG Bunkering

Singapore-based EPS takes delivery of three LNG dual-fuel bulk carriers

Three vessels are the third, fourth and fifth in the company’s series of 14 Newcastlemaxes being built at the yard, and were delivered five months ahead of their contracted delivery dates.

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Singapore-based Eastern Pacific Shipping (EPS) on Friday (4 September) announced the naming and delivery of three new LNG dual-fuel Newcastlemax bulk carriers from China’s Qingdao Beihai Shipbuilding. 

Cyril Ducau, CEO of EPS, said the vessels were named Mount Victoria, Mount Yulong and Mount Wuyi

The three vessels are the third, fourth and fifth in the company’s series of 14 Newcastlemaxes being built at the yard, and were delivered five months ahead of their contracted delivery dates.

“A big thank you to CSSC Group and Qingdao Beihai Shipbuilding, working alongside our EPS team, for the tremendous collaboration and commitment behind this achievement,” Ducau said in a social media post.  

 

Photo credit: Eastern Pacific Shipping
Published: 7 September, 2026

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LNG Bunkering

LR awards AiP to CSSC Huangpu Wenchong for 12,500 m³ LNG bunker vessel design

Vessel design incorporates Type C LNG cargo tanks and has been evaluated against a range of class notations covering gas operations, automation, environmental performance and cyber resilience.

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Classification society Lloyd’s Register (LR) on Thursday (3 September) said it has awarded Approval in Principle (AiP) to CSSC Huangpu Wenchong Shipbuilding Co., Ltd. for a new 12,500 m³ LNG bunkering vessel design.

The AiP was signed at SMM 2026 in Hamburg and confirms that the vessel concept has successfully completed an independent design assessment against LR’s latest classification requirements.

The new 12,500 m³ vessel design incorporates Type C LNG cargo tanks and has been evaluated against a comprehensive range of class notations covering gas operations, automation, environmental performance and cyber resilience.

LR’s assessment was carried out in accordance with its Rules and Regulations for the Classification of Ships and Rules and Regulations for the Construction and Classification of Ships for the Carriage of Liquefied Gas in Bulk.

Constantinos Chaelis, LR’s Global Gas Segment Director, said: “This project demonstrates the continued market confidence in LNG and the importance of building the supporting infrastructure that enables owners to make practical emissions reductions today, while maintaining flexibility for the future. Through early engagement between shipyard and class, we can accelerate the delivery of robust designs that meet both operational and regulatory requirements.”

A Huangpu Wenchong spokesperson, said: “This Approval in Principle from Lloyd’s Register validates the technical approach and provides a strong foundation for future development. We believe vessels of this type will play an increasingly important role in supporting the energy transition by helping ensure LNG is available where shipowners need it most.”

 

Photo credit: Lloyd’s Register
Published: 7 September, 2026

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Alternative Fuels

DNV at SMM: Chinese shipbuilders, European owners seek closer ties on alternative bunker fuels

Chinese shipbuilders and European shipowners called for closer collaboration on vessel development, alternative fuels and digitalization during the inaugural China-Europe Maritime Summit at SMM 2026.

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Chinese shipbuilders and European shipowners called for closer collaboration on vessel development, alternative fuels and digitalization during the inaugural China-Europe Maritime Summit at SMM 2026, according to classification society DNV on Friday (4 September). 

The summit, jointly organized by the China Association of the National Shipbuilding Industry (CANSI), the German Shipowners’ Association (VDR) and DNV, brought together leaders from two maritime sectors that collectively shape a significant share of the global fleet. 

Energy efficiency, operational flexibility and digital innovation were highlighted as key areas for the industry as it navigates decarbonization targets, evolving regulation and uncertainty around future fuel pathways.

Knut Ørbeck-Nilssen, Group President and CEO at DNV, said: “Gathering leaders from across Chinese shipbuilding, European shipping and the wider maritime value chain in one room is both timely and important. The decisions being made across our industry today will shape shipping for decades to come, and this summit demonstrates a shared commitment to shaping the future of our industry together.”

Xu Peng, Chairman of China State Shipbuilding Corporation (CSSC), said: “China and Europe’s maritime sectors share aligned missions, complementary strengths and promising prospects. This summit can serve as a starting point for deeper cooperation between China’s shipbuilding industry and Europe’s shipping community, and help broaden the boundaries of full‑chain collaboration and build an interconnected ecosystem.”

Dr. Gaby Bornheim, President of the German Shipowners’ Association (VDR), said: “For shipowners, a new vessel is never an investment for the next quarter. It is a commitment for decades. Long-term investments require trusted partnerships, and many of the world’s most advanced commercial vessels are the result of cooperation between European shipowners and Chinese shipbuilders. Excellence is rarely achieved in isolation.”

China’s shipbuilding industry accounts for around 70% of the global orderbook, while European shipowners operate more than one-third of the world’s fleet capacity. As the global shipping industry faces increased uncertainty, finding solutions that provide flexibility is essential. 

The summit featured two high-level panel discussions moderated by Dr. Martin Kröger, CEO of VDR, and Li Yanqing, Vice Chairman and Secretary General of CANSI, bringing together senior executives from leading Chinese shipbuilders, including China Merchants Industry (CMI), Guangzhou Shipyard International (GSI), Shanghai Waigaoqiao Shipbuilding (SWS), and Shanghai Merchant Ship Design & Research Institute (SDARI), alongside European shipowners and operators such as Vogemann Reederei, Briese Schiffahrt, Bernhard Schulte, MPC Containerships, and Grieg Edge, as well as DNV. 

Discussions further highlighted the importance of close China-Europe collaboration to support shipping’s transformation.

 

Photo credit: DNV
Published: 7 September, 2026

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