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JLC China Bunker Fuel Market Monthly Report (July 2025)

China’s bonded bunker fuel sales declined further in July as shipping demand was still depressed by geopolitical tension in the Middle East and trade war while operation of some ports was affected by typhoons.

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JLC China Bunker Fuel Market Monthly Report (July 2025)

Beijing-based commodity market information provider JLC Network Technology Co. recently shared its JLC China Bunker monthly report for July 2025 with Manifold Times through an exclusive arrangement:

Bunker Fuel Demand

China’s bonded bunker fuel sales decline further in July

China’s bonded bunker fuel sales declined further in July because of multiple factors.

The country sold about 1.70 million mt of bonded bunker fuel in the month, with the daily sales at 54,816 mt, a drop of 5.34% from June, JLC’s data shows.

Shipping demand was still depressed by the geopolitical tension in the Middle East and the trade war.

Meanwhile, some shipowners carried out semi-annual maintenance for their ships in July, which also dragged down bonded bunker fuel sales. In addition, the operation of some ports in East and South China was affected by typhoons.

Bonded bunker fuel sales by Chimbusco, Sinopec (Zhoushan), SinoBunker and China Changjiang Bunker (Sinopec) respectively settled at 500,000 mt, 550,000 mt, 40,000 mt and 20,000 mt in the month, while those by suppliers with regional bunkering licenses came in at 589,300 mt.

China’s LSFO output declines in July

China’s LSFO output declined in July , as some refineries’ maintenance caused more production losses, also because of still bad production margins.

Chinese refiners produced about 1.02 million mt of LSFO in the month, with the daily output at 32,903 mt, down by 3.42% month on month and 22.61% year on year, JLC’s data shows.

Specifically, Sinopec recorded a fall in its LSFO output in July, as its Shengli Oilfield and Jinling Petrochemical suffered more production losses because of unit maintenance. However, some other refineries boosted their production, with Qingdao Petrochemical’s monthly output touching its highest level of 160,000 mt.

PetroChina maintained basically stable production in July . The company’s Gaofu Refinery resumed its LSFO production after four months of suspension, while Jinzhou Petrochemical and Liaohe Petrochemical continued to cut their output. Huabei (North China) Petrochemical produced 875 mt of ultra-low-sulfur fuel oil (ULSFO, with the maximum sulfur content of 0.1%) in the month and successfully pumped the fuel into a COSCO shipping container ship named “COSCO PRIDE” on July 24, marking the launch of Huabei Petrochemical’s ULSFO bunkering service.

CNOOC’s LSFO output went higher in the month, as Zhongjie Petrochemical boosted its production sharply.

Meanwhile, Zhoushan Petrochemical, Huizhou Refinery and T aizhou Petrochemical maintained stable LSFO production.

ZPC and Sinochem did not produce any LSFO in July , but the latter exported about 20,000 mt of MGO.

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Domestic-trade heavy bunker fuel demand shrinks in July

Domestic-trade heavy bunker fuel demand shrank in July, as some ports in East and South China suspended their shipping services at certain points amid typhoons and heavy rains.

Domestic-trade heavy bunker fuel demand settled at 330,000 mt in the month, sliding by 10,000 mt or 2.94% month on month, JLC’s data shows.

At the same time, domestic-trade light bunker fuel demand stood at 140,000 mt, stable month on month. 

Diesel demand stayed seasonally weak amid the fishing moratorium and frequent rains.

Bunker Fuel Supply

China’s bonded bunker fuel imports retreat in June

China’s bonded bunker fuel imports retreated in June, mainly because of larger domestic production.

Chinese bunker suppliers imported 545,300 mt of bonded bunker fuel in the month, down by 10.68% month on month, JLC’s calculation shows, based on the GACC data.

Domestic LSFO supply increased in June as several refineries wrapped up maintenance and resumed production, which led to a decline in bonded LSFO imports. At the same time, the imports of MGO dropped moderately amid slightly larger production, while those of HSFO were basically stable.

Malaysia topped all suppliers by shipping 173,300 mt of bonded bunker fuel to China in the month, accounting for 31.78% of the latter’s total. Singapore remained in the second place with 166,700 mt, accounting for 30.57%, while South Korea still ranked third with 115,700 mt, occupying 21.21%. Iraq ranked fourth with 89,600 mt, making up 16.44%.

On a year-on-year comparison, however, China’s bonded bunker fuel imports jumped by 50.84% in June. China’s bonded bunker fuel imports totaled about 3.20 million mt in the first six months of this year, an upsurge of 62.04% year on year, the calculation also indicates.

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Domestic-trade heavy bunker fuel supply stable in July

Domestic-trade heavy bunker fuel supply did not change much in July .

Chinese blenders supplied about 360,000 mt of domestic-trade heavy bunker fuel in the month, largely stable month on month, JLC’s data indicates.

On the one hand, supply of low-sulfur residual oil and shale oil increased as China Offshore Bitumen (Binzhou) brought its units back online after maintenance. On the other hand, most blending in Northeast and East China was still at a halt due to the impact from tax inspections. Most blenders still made cross-regional purchases from North China and Shandong.

Domestic-trade light bunker fuel supply settled at 170,000 mt in July , an increase of 20,000 mt or 13.33% from the prior month, the data shows. Diesel supply increased as independent refineries raised their operating rates amid unit restarts.

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Bunker Prices, Profits

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JLC Network Technology Co., Ltd is recognised as the leading information provider in China. We specialise in providing the transparent, high-value, authoritative market intelligence and professional analysis in commodity market. Our expertise covers oil, gas, coal, chemical, plastic, rubber, fertilizer 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 authorization from JLC.

Related: JLC China Bunker Fuel Market Monthly Report (June 2025)
Related: JLC China Bunker Fuel Market Monthly Report (May 2025)
Related: [Updated 15 May] JLC China Bunker Market Monthly Report (April 2025)
Related: JLC China Bunker Market Monthly Report (February 2025)
Related: JLC China Bunker Fuel Market Monthly Report (January 2025)
Related: JLC China Bunker Fuel Market Monthly Report (December 2024)
Related: JLC China Bunker Fuel Market Monthly Report (November 2024)
Related: JLC China Bunker Fuel Market Monthly Report (October 2024)
Related: JLC China Bunker Fuel Market Monthly Report (September 2024)
Related: JLC China Bunker Fuel Market Monthly Report (August 2024)
Related: JLC China Bunker Fuel Market Monthly Report (July 2024)
Related: JLC China Bunker Fuel Market Monthly Report (June 2024)
Related: JLC China Bunker Fuel Market Monthly Report (May 2024)
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Related: JLC China Bunker Market Monthly Report (March 2024)
Related: JLC China Bunker Fuel Market Monthly Report (February 2024)
Related: JLC China Bunker Market Monthly Report (January 2024)

Note: China-based commodity market information provider JLC Technology has been providing Singapore bunkering publication Manifold Times China bunker volume data since 2020. Data from earlier periods are available here.

 

Photo credit: JLC Network Technology
Published: 12 August, 2025

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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.

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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

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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.

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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

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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.

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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.”

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Photo credit: DNV
Published: 4 September, 2026

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