Business

China: Bunkering volume at Tianjin port up 36.8% on year during 1H 2023

Tianjin Xingang Customs supervised a total of 785 bonded fuel oil bunkering operations, a 44.6% increase when compared to the similar period in 2022.

Published

3 years ago

August 17, 2023

Admin

The bunkering volume at Tianjin port rose to almost 500,000 metric tonnes (mt) during the first half (1H) of 2023; the figure represented a year-on-year increase of 36.8% on year, according to Tianjin Xingang Customs.

During 1H 2023, Tianjin Xingang Customs supervised a total of 785 bonded fuel oil bunkering operations, a 44.6% increase when compared to the similar period in 2022.

The positive development was due to the implementation of several measures to improve the local bunkering sector.

Almost measures were an arrangement between Tianjin Customs and Shijiazhuang Customs to optimise the fuel supply route and supervision process for the direct supply of bonded fuel oil from Tianjin Port to Caofeidian, Jingtang, Qinhuangdao and Huanghua ports across the customs area.

Focus on the development needs of bonded fuel oil companies, through increased policy support, “one-to-one” corporate service specialists between customs and bonded bunkering firms, and advice to guide companies to enjoy the national export tax rebate policy in accordance with the law, further reduce business operating costs.

“Assistance of the customs has facilitated the bonded fuel oil trade, and it is also the driving force for us to continuously improve our competitiveness and explore the international market,” Li Haibin, general manager of Tianjin Chimbusco Marine Fuel Co., Ltd., told local media.

Tao Ye, Chief of the Bonded Supervision Section of the Tianjin Xingang Customs Logistics Monitoring Office, said, “We actively support the operational needs of local bonded bunkering enterprises.”

“Recently, we have just added a 4,500 dwt bunker tanker for the record. Currently, there are 17 vessels registered in our jurisdiction with a total load capacity of more than 50,000 dwt which has further improved the carrying capacity of Tianjin Port’s bonded oil cross-customs direct supply business.”

Photo credit: MarineTraffic / Max Noz
Published: 17 August, 2023

Related Topics:Country/region - Asia (China)Others - Bunker fuel availability

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Lim Oon Kuin, also known as OK Lim, was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges on 17 July.

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Founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, has had the remaining 127 charges against him withdrawn, according to The Straits Times on Monday (20 July).

OK Lim was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges, including those for cheating, on 17 July. The discharge means Lim cannot be prosecuted again for the same offences.

Lim, 84, is currently serving a 13½-year prison sentence after the High Court reduced his original 17½-year jail term in March 2026. He was convicted in 2024 on two cheating charges and one count of abetting forgery in a case prosecutors described as one of Singapore’s most serious trade finance frauds.

Lim was convicted in May 2024 of two charges of cheating the Hongkong and Shanghai Banking Corporation (HSBC) and one count of abetting forgery that proceeded to trial out of a total of 130 criminal charges.

He was first charged in court on 14 August 2020, and was subsequently handed further charges in court on 25 September 2020, 30 April 2021 and 24 June 2021 for his role in perpetuating fraud on various financial institutions.

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Singapore: Coastal Logistics Pte Ltd to be wound up voluntarily

Coastal Logistics was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

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Several resolutions for Coastal Logistics Pte Ltd were made during an extraordinary general meeting held on 14 July, according to a notice in the Government Gazette on Friday (4 July).

The following resolutions were duly passed during the meeting:

As Special Resolution

That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018);

As Ordinary Resolutions

that Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte Ltd, One Raffles Quay, #27-10 South Tower, Singapore 048583 be appointed as the joint and several Liquidators of the Company for the purpose of such winding up; and
that the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit; and
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Both companies were reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

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PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

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“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post.

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

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Photo credit: Pacific International Lines
Published: 21 July, 2026