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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)
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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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Mass Flowmeter

Hong Kong backs MFM adoption with voluntary scheme to boost bunkering competitiveness

Hong Kong’s Marine Department launched the Quality Bunker Operator Scheme to encourage bunker operators to install and use mass flow meter systems on their bunker vessels.

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RESIZED EH dual mfm setup

Hong Kong’s Marine Department (MD) on Wednesday (3 June) launched the Quality Bunker Operator Scheme to encourage bunker operators to install and use mass flow meter systems (MFM systems) on their bunker vessels.

MD said the scheme aims to enhance Hong Kong’s bunkering service quality and the competitiveness of Hong Kong ports, thereby further consolidating Hong Kong’s position as an international maritime centre and a major bunkering port.

Under the Scheme, bunker operators of traditional maritime fuel and biodiesel that install and use MFM systems on their bunker vessels, with the MFM systems inspected and certified by an accredited body in accordance with the International Organization for Standardization’s ISO 22192 Standard or equivalent requirements, can apply to the MD for inclusion in the scheme’s “List of Quality Bunker Vessels”, provided they meet the relevant technical and operational requirements. 

Details of the bunker vessels successfully included in the List will be published on a dedicated page on the MD’s website for reference by shipping companies and relevant stakeholders.

Participation in the Scheme is voluntary. In addition to receiving recognition from the MD, participating bunker operators will benefit from enhanced corporate image and competitiveness through the adoption of MFM systems, thereby boosting customers’ confidence and helping to create new business opportunities.

 A spokesman for the MD, said: “As an international maritime centre supported by our country, Hong Kong has a strategic location adjacent to major international fairways. Coupled with years of development in marine fuel bunkering, Hong Kong possesses rich experience and talent in the field. For many years, Hong Kong has consistently ranked as the seventh-largest bunkering port globally, the second-largest in our country, and the largest in the Greater Bay Area, providing reliable and competitive fuel bunkering services to ocean-going vessels from around the world. 

“As the international shipping industry has an increasing demand for accuracy and transparency in bunkering services, service quality and measurement precision in bunkering operations have become important indicators of a bunkering port’s competitiveness. The Scheme will enhance bunkering accuracy and transparency, further enhancing the quality of Hong Kong’s bunkering services.

The spokesman added that comprehensive port services are one of Hong Kong’s key advantages as an international maritime centre.

“We will also mandate the use of MFM systems on all methanol bunker vessels this year to ensure that Hong Kong continues to provide high-quality bunkering services in the era of green maritime fuels.” 

Note: The application form for the Scheme can be found on the MD’s website. Interested bunker operators can download the application form from the website or contact the MD’s Green Maritime Fuel Team via email ([email protected]) for details.

 

Photo credit: Manifold Times
Published: 4 June, 2026

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Alternative Fuels

MPA and MSC ink MoU to support adoption of alternative bunker fuels

MPA and MSC will explore new routes and services to strengthen connectivity, support the adoption of alternative marine fuels such as bio-LNG, and advance technologies to improve vessel energy efficiency.

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MPA and MSC ink MoU to support adoption of alternative bunker fuels

The Maritime and Port Authority of Singapore (MPA) on Wednesday (3 June) said it signed a Memorandum of Understanding (MoU) with MSC Mediterranean Shipping Company to strengthen collaboration in maritime decarbonisation, digitalisation, innovation, and manpower development. 

The MoU was signed on 25 May 2026 by Mr Ang Wee Keong, Chief Executive of MPA, and Mr Soren Toft, Chief Executive Officer of MSC.

The MoU underscores the shared commitment of MPA and MSC to foster a sustainable, digital, and future-ready maritime sector, while enhancing MSC’s operational and business activities in Singapore. This year also marks the 30th anniversary of MSC establishing its Asia Regional Office and local office in Singapore.

Under the MoU, MPA and MSC will explore new routes and services to strengthen connectivity, support the adoption of alternative marine fuels such as bio-LNG, and advance technologies to improve vessel energy efficiency and operational performance.

MPA and MSC will also collaborate on maritime digitalisation initiatives to improve operational efficiency, including streamlining vessel arrivals and port operations. 

On manpower development, MSC will support internship and scholarship opportunities through Singapore Maritime Foundation’s Maritime Outreach Network (MaritimeONE) platform, an industry-led tripartite partnership comprising industry, government and institutes of higher learning that aims to raise awareness of the maritime industry and attract quality talent into the maritime sector.

Mr Ang Wee Keong, Chief Executive of MPA, said: “This partnership reflects the strong collaboration between MPA and MSC in driving sustainability and digitalisation in the maritime sector. By working together on decarbonisation, operational efficiency and talent development, we aim to strengthen Maritime Singapore’s position as a trusted and future-ready global maritime hub.”

Mr Soren Toft, Chief Executive Officer of MSC, said: “Singapore is a strategically important hub for MSC and a key gateway to the broader Asia region. As we mark 30 years in Singapore, this MOU reinforces our long-term commitment to strengthening our presence here. MSC and Singapore are closely aligned on the priorities shaping the future of global shipping, and we look forward to deepening this partnership to drive the continued growth and resilience of the maritime industry.”

 

Photo credit: Maritime and Port Authority of Singapore
Published: 4 June, 2026

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Methanol

Seaspan and Hapag-Lloyd complete first of five methanol vessel retrofit

Following “Seaspan Yangtze”, the remaining vessels planned for retrofit under the methanol retrofit programme are “Seaspan Amazon”, “Seaspan Ganges”, “Seaspan Thames”, and “Seaspan Zambezi”.

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Seaspan and Hapag-Lloyd complete first of five methanol vessel retrofit

Seaspan Corporation (Seaspan) and Hapag-Lloyd on Wednesday (3 June) announced the successful completion of the first of the five vessel conversions under their methanol retrofit programme with the delivery of Seaspan Yangtze.

From the early SAVER (Seaspan Action for Vessel Energy Reduction) programme to today’s CleanBlue initiative, Seaspan has committed over USD 230 USD million across 86 vessels, executing more than 550 efficiency and retrofit projects.

Following Seaspan Yangtze, the remaining vessels planned for retrofit under the programme are Seaspan Amazon, Seaspan Ganges, Seaspan Thames, and Seaspan Zambezi. Each retrofit is expected to reduce well-to-wake CO₂e emissions by approximately 30,000 to 50,000 metric tonnes per vessel annually when operating on low-carbon methanol, while also extending vessel lifespan and enhancing fuel flexibility.

“Decarbonisation is not just about building the fleet of tomorrow, it is also about unlocking the full potential of the fleet we have today. Retrofitting and upgrades on existing fleets play a practical, immediate, and economical role in accelerating shipping’s decarbonization journey,” said Bing Chen, Chairman, President and CEO of Seaspan. 

“Project SAVER CleanBlue highlights Seaspan’s strong customer partnerships, deep technical expertise, and unique platform integrated with JV partners, such as WattSpan Maritime Technology, in executing complex and large-scale retrofit projects.”

“The successful conversion of the Seaspan Yangtze together with the planned retrofit of its four sister vessels is another important step on our ambitious path towards net-zero fleet operations by 2045,” said Silke Lehmköster, Managing Director, Fleet, Hapag-Lloyd. 

“Together with Seaspan, we are demonstrating that retrofitting existing vessels for low-carbon methanol can be a practical way to reduce emissions in shipping.”

 

Photo credit: Seaspan
Published: 4 June, 2026

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