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IPEC 2025: Top ten global bunkering ports and marine fuel suppliers revealed

Chimbusco overtook Bunker Holding and Sinopec Fuel Oil Sales in the top ten international bunker suppliers list while Singapore maintained its leading position among global bunkering ports.

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IPEC 2025: Top ten global bunkering ports and marine fuel suppliers revealed

The lists of the top ten global bunkering ports and marine fuel suppliers for 2024 were revealed at the 8th International Petroleum and Natural Gas Enterprises Conference (IPEC 2025) in Zhoushan, Zhejiang province on Wednesday (22 October). 

Singapore maintained its leading position among global bunkering ports with a bunkering volume of 54.92 million metric tonnes (mt). 

Zhoushan maintained its fourth place globally, closely following third-placed Fujairah in bunkering volume, demonstrating strong growth. 

As for the top marine fuel suppliers, China Marine Bunker (PetroChina) (Chimbusco) saw rapid growth, successfully jumping two places up compared to its 2023 ranking to the top spot in the world.

Zhoushan Hi-Tech Zone Administrative Committee said this achievement underscored China’s rising competitiveness in the industry and rapid growth capabilities of Chinese companies in this sector. 

IPEC top 10 global bunkering ports

This year marked the fifth consecutive year of both rankings since their inaugural launch in 2020. 

Cui Yiling, Deputy Director of the Zhoushan Hi-Tech Zone Administrative Committee, also officially announced the Ten Achievements and Ten Initiatives in Zhoushan’s efforts to build a global bonded bunkering hub with the highest efficiency and lowest cost. 

These include drone fuel deliveries, digitalising the entire bonded bunkering process, and port services designed to optimise operations and reduce delays.

The launch of these key initiatives highlights Zhoushan’s progress, comprehensively enhancing digital applications, and accelerating customs clearance at ports. 

“These initiatives lay a solid foundation for Zhoushan’s development into a world-leading bonded marine fuel bunkering centre,” said the Committee. 

Manifold Times previously reported the lists of the top ten global bunkering ports and marine fuel suppliers for 2023, which was released at IPEC 2024. 

Related: IPEC 2024: CPCA releases lists of top ten global bunkering ports and marine fuel suppliers

 

Photo credit: Manifold Times
Published: 23 October, 2025

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Methanol

CRI delivers world’s largest e-methanol reactor to Liaoyuan project in China

First phase of the project has a production capacity of 170,000 mt of renewable methanol annually, supporting demand for low-carbon fuels in shipping, chemicals, and other sectors.

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CRI delivers world’s largest e-methanol reactor to Liaoyuan project in China

Carbon Recycling International (CRI) has recently delivered the largest of its kind e-methanol reactor for the Liaoyuan E-Methanol Project in Jilin Province, China. 

CRI, a company that develops and deploys technology that converts carbon dioxide emissions into renewable methanol, said the delivery and successful installation of CRI’s proprietary methanol converter reactor is a major construction milestone. 

“The project continues to progress according to plan toward commissioning and start-up later this year,” it said. 

The Liaoyuan project is being developed by CRI’s client Tianying Group (CNTY) and once commissioned will become the largest e-methanol facility in operation globally. 

The first phase has a production capacity of approximately 170,000 metric tonnes (mt) of renewable methanol annually from green hydrogen and captured biogenic carbon dioxide, supporting the growing demand for low-carbon fuels in shipping, chemicals, and other sectors seeking practical and scalable pathways to decarbonisation.

The methanol converter reactor forms the core of CRI’s proprietary Emissions-to-Liquids (ETL) technology. Designed and supplied by CRI, the reactor is where renewable hydrogen and captured carbon dioxide are converted into renewable methanol through the company’s proven industrial-scale process. It has been specifically designed and constructed with operational flexibility as a key feature and represents the third generation of CRI’s e-methanol reactor design.

The successful installation represented a significant construction milestone and marked the transition to the final stages of project execution.

“The installation of the methanol converter reactor is an important milestone for both Tianying and CRI,” said John Milner, Project Manager at Carbon Recycling International. 

“The reactor is the core of our ETL technology and embodies nearly two decades of innovation, engineering development, and commercial operating experience. Seeing this equipment installed at one of the world’s most ambitious renewable energy projects is a proud moment for our team and a major milestone as the Liaoyuan facility advances toward commissioning and start-up.”

CRI’s technology is already deployed at commercial scale at the company’s reference plants in Anyang and Lianyungang, and the Liaoyuan project represents the next step in the continued deployment of carbon recycling technology to support the production of renewable fuels and chemicals.

 

Photo credit: Carbon Recycling International
Published: 7 July, 2026

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Business

Bunker Oil inks four-year bunker fuel supply deal with Norwegian Defence Materiel Agency

Framework agreement, which entered into force on 1 July, is for the supply of fuel to vessels belonging to the Navy, Coastal Hunter Command, Coast Guard and Governor of Svalbard, among others.

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Bunker Oil inks four-year bunker fuel supply deal with Norwegian Defence Materiel Agency

Norwegian marine fuel supplier Bunker Oil on Friday (3 July) said it has signed a new four-year framework agreement with the Norwegian Defence Materiel Agency for the supply of marine fuel.

The fuel will be supplied to vessels belonging to the Navy, the Coastal Hunter Command, the Coast Guard, the Governor of Svalbard, the Norwegian Coastal Administration, the Institute of Marine Research and the Norwegian Defence Research Establishment, among others.

The new agreement entered into force on 1 July, following the expiry of the current agreement on 30 June 2026. 

The agreement covers the delivery of fuel from Bunker Oil’s plants, tankers and tankers along the entire Norwegian coast – from Kirkenes in the north to Egersund in the south.

The company said Bunker Oil’s strong presence along the coast has been a decisive factor. 

“The authorities have signalled increased activity and presence from the Navy and the Coast Guard in the waters off Troms and Finnmark,” the company said.

“With large facilities in Kirkenes, Båtsfjord, Honningsvåg, Hammerfest and Tromsø, in addition to several smaller facilities, Bunker Oil is well equipped for increased activity in the High North. The facilities in Tromsø, with their proximity to Olavsvern, will be particularly important during the agreement period.”

The deliveries will vary in size – from a few thousand litres for the Coastal Ranger Command’s smaller vessels, to several hundred cubic metres for the Navy’s other fleet.

The contract’s financial framework is estimated at NOK 1.2 to 1.5 billion (USD 122.59 million to USD 153.24 million), and the agreement will have a major impact on activity at Bunker Oil’s facilities along the entire coast.

A renewal of the Navy’s fleet is also underway, and Bunker Oil said it is looking forward to supplying fuel to the new vessels as well.

“We look forward to four more years as a supplier of fuel to the Norwegian Defence Materiel Agency,” said Tore Slinning, contract manager at Bunker Oil.

“The agreement is of great importance to Bunker Oil, in addition to the fishing fleet, which is still by far our largest and most important customer group.”

 

Photo credit: Bunker Oil
Published: 7 July, 2026

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Bunker Fuel

Bunker vessel “Monjasa Thunder” resumes US Gulf operations after Bahamas drydock

The 2009-built vessel completed intermediate and docking surveys at the Grand Bahama Shipyard Limited in Freeport and is resuming full operation.

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Bunker vessel “Monjasa Thunder” resumes US Gulf operations after Bahamas drydock

Marine fuel supplier Monjasa on Monday (6 July) said its 19,991 dwt bunker vessel, Monjasa Thunder, has returned to the US Gulf after completing its first ever drydocking in the Bahamas. 

The 2009-built vessel completed intermediate and docking surveys at the Grand Bahama Shipyard Limited in Freeport and is resuming full operation. 

“This scheduled drydock campaign was completed in close collaboration with Montec and involved everything from main engine and auxiliary engine overhauls, propeller blades maintenance, full recoating of hull and painting according to the Monjasa fleet design,” the company said. 

Since launching its offshore US Gulf operations in late 2024, Panama-flagged Monjasa Thunder has performed 272 deliveries with a 100% satisfaction rate on ship-to-ship operational service and a 0.36% claims ratio related to product quality. 

 Overall, Monjasa fleet comprises around 30 tankers and barges deployed worldwide.

Related: Monjasa redeploys tanker “Monjasa Thunder” from Panama to US Gulf
Related: Monjasa relocates tanker “Monjasa Thunder” from West Africa to Panama Canal
Related: Monjasa acquires two tankers for bunkering operations in West Africa and Middle East

 

Photo credit: Monjasa

Published: 7 July, 2026

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