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JLC China Bunker Fuel Market Monthly Report (October 2025)

Availability of ships at some domestic ports declined amid special port charges, which also depressed China’s bonded bunker fuel sales, according to JLC.

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JLC China Bunker Market Monthly Report (October 2025)

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

Bunker Fuel Demand

China’s bonded bunker fuel sales drop further in October

China sold about 1.59 million mt of bonded bunker fuel in October, with the daily sales at 51,261 mt, a decline of 7.78% month on month, JLC’s data shows.

Due to the negative impact from geopolitical tensions and trade conflicts, global shipping demand remained tepid in October, though it used to be a traditionally strong month.

Meanwhile, the availability of ships at some domestic ports declined amid special port charges, which also depressed China’s bonded bunker fuel sales. In response to the US’s imposition of additional port fees on Chinese ships, China’s Ministry of Transport issued an ”Announcement on Imposing Special Port Fees on US Ships” on October 10, 2025, and the measures took effect on October 14, according to the ministry.

In addition, cargo delivery and transportation in East and South China were hit again by new typhoons in October, adding to the downward pressure on the country’s overall bonded bunker fuel sales.

The sales by Chimbusco, Sinopec (Zhoushan), SinoBunker and China Changjiang Bunker (Sinopec) respectively settled at 430,000 mt, 510,000 mt, 50,000 mt and 15,000 mt in the month, while those by

suppliers with regional bunkering licenses settled at 584,100 mt.

China’s LSFO output continues to drop in October

China’s LSFO output continued to drop in October, because of tight export quotas for some companies and still bad production margins.

Chinese refiners produced about 1.00 million mt of LSFO in the month, with the daily output at 32,387 mt, down by 7.29% from the prior month, JLC’s data indicates.

Specifically, CNOOC’s LSFO output fell in October, because of tightening export quotas, low production margins, and Zhoushan Petrochemical’s plan to launch maintenance.

However, Sinopec maintained largely stable LSFO production in the month. Qingdao Petrochemical boosted its LSFO output, offsetting a slight output cut by Shengli Oilfield. The output of other refineries did not change much.

PetroChina’s LSFO output was also stable in October. The company’s Liaoyang Petrochemical suspended its LSFO production, while some other refineries increased production to compensate for Liaoyang Petrochemical’s production losses.

ZPC and Sinochem did not produce any LSFO in October, but the latter exported about 7,000 mt of MGO.

On a year-on-year comparison, however, China’s LSFO output surged by 27.46% in October.

It was heard that in October Sinopec applied for a quota switch from 100,000 mt of LSFO to clean petroleum products (CPP); PetroChina applied for 360,000 mt from LSFO to CPP; and ZPC applied for 30,000 mt from LSFO to CPP .

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Domestic-trade heavy bunker fuel demand shrinks in October

Domestic-trade heavy bunker fuel demand settled at 370,000 mt in October, a decline of 10,000 mt or 2.63% from the previous month, JLC’s data shows. Most shipowners reduced their purchases of bunker fuel in early October, as they preferred to consume their stockpiles during the National Day holiday . 

Though the shipping market picked up later in the month, market participants still held a wait-and-see attitude and just based their purchases on rigid demand.

By contrast, domestic-trade light bunker fuel demand stood at 165,000 mt in October, an increase of 5,000 mt or 3.13% month on month, the data shows. Demand for 0# MGO and 4# bunker fuel improved slightly amid more active fishing activities.

Bunker Fuel Supply

China’s bonded bunker fuel imports rally in September

Chinese bunker suppliers imported 543,400 mt of bonded bunker fuel in September, a boost of 10.98% from the previous month, despite a fall of 4.11% year on year, JLC’s calculations show, based on the GACC data.

Bonded distributors increased their HSFO imports amid relatively fair bunkering demand and lower inventories, and their bonded MGO imports also grew. However, the arrivals of imported LSFO decreased slightly, though domestic production slowed down.

Singapore was still the largest bonded bunker fuel supplier to China in the month, shipping 267,200 mt of bonded bunker fuel to China, accounting for 49.18% of China’s total imports. Malaysia climbed to the second place with 166,300 mt, accounting for 30.60%, while South Korea slipped to the third place with 66,900 mt, occupying 12.31%. Japan ranked fourth with 43,000 mt, making up 7.91%.

China’s bonded bunker fuel imports settled at 4.88 million mt in the first nine months of this year, an upsurge of 45.43% year on year, the calculations also show.

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Domestic-trade bunker fuel supply tightens in October

Chinese blenders supplied about 370,000 mt of domestic-trade heavy bunker fuel in October, a cut of 30,000 mt or 7.50% month on month, JLC’s data shows.

Cargo delivery and transportation slowed down in early October, because of the public holidays for the National Day and the Mid-Autumn Festival. Blenders’ production enthusiasm did not grow much after the holidays, as terminal users’ demand was still limited.

Domestic-trade MGO supply settled at 170,000 mt in October, down by 10,000 mt or 5.56% from the previous month, the data shows. Independent refineries lowered their operating rates in October, leading to a decline in MGO supply. 

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Bunker Prices, Profits

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Sales (Beijing)
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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 (September 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: 13 November, 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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