Connect with us

Bunker Fuel

JLC China Bunker Market Monthly Report (December 2025)

China sold about 1.82 million mt of bonded bunker fuel in December 2025, with the daily sales at 58,565 mt, an eight-month high since April 2025, JLC’s data shows.

Admin

Published

on

Beijing-based commodity market information provider JLC Network Technology Co. recently shared its JLC China Bunker monthly report for December 2025 with Manifold Times through an exclusive arrangement: Bunker Fuel Demand China's daily bonded bunker fuel sales hit 8-month high in December China sold about 1.82 million mt of bonded bunker fuel in December 2025, with the daily sales at 58,565 mt, an eight-month high since April 2025, JLC's data shows. The daily sales in December increased by 5.29% month on month and 14.09% year on year. The container shipping market performed well amid growing replenishment at the end of the year, and the dry bulk shipping market was relatively prosperous. Meanwhile, some enterprises made efforts to achieve their annual sales targets, which also bolstered bunkering demand. Regarding the sales by supplier, the sales by Chimbusco, Sinopec (Zhoushan), SinoBunker and China Changjiang Bunker (Sinopec) respectively settled at 490,000 mt, 580,000 mt, 50,000 mt and 10,000 mt in the month, while those by suppliers with regional bunkering licenses settled at 685,500 mt. China's LSFO output plunges to 12-month low in December China's low-sulfur fuel oil (LSFO) output plunged to a 12-month low in December, because of tight export quotas. Chinese refiners produced 817,000 mt of LSFO in the month, with the daily output at 26,355 mt, a slump of 20.46% month on month, JLC's data shows. Specifically, most refineries under Sinopec reduced LSFO production amid quota tightness. Though Qingdao Petrochemical lowered its output as well, its output was still relatively high. Shengli Oilfield maintained largely stable daily LSFO output. PetroChina's LSFO output plunged in the month, dampened by tight quotas. Liaohe Petrochemical slashed its output, and most of the other refineries decelerated their production. By contrast, Dalian WEPEC recorded an output increase, as the refinery restarted its hydrotreating unit after maintenance. CNOOC's LSFO output dropped as well, with Zhoushan Petrochemical and Huizhou Refinery lowering their output. However, Zhongjie Petrochemical maintained largely stable production, and T aizhou Petrochemical had not resumed production yet. ZPC and Sinochem did not produce any LSFO in December, and the latter did not export any LSFO due to unit maintenance. On a year-on-year comparison, however, China's LSFO output surged by 115% in December, JLC's data indicates. The upsurge could be mainly ascribed to a low base in December 2024. China's LSFO output totaled 12.59 million mt in 2025, decreasing by 3.13% year on year, with the daily output down by 2.87% to 34,501 mt, JLC's data shows. Different declines were due to one more day in February 2024 than in February 2025. China has released its first batch of 2026 quotas on LSFO exports, keeping it flat at 8.0 million mt, with 3.72 million mt for Sinopec, 3.06 million mt for PetroChina, 1.16 million mt for CNOOC, 60,000 mt for Sinochem, industry sources said. Domestic-trade heavy bunker fuel demand stable in December Domestic-trade heavy bunker fuel demand was stable month on month in December. The demand settled at 350,000 mt in the month, unchanged from the prior month, JLC's data shows. On the one hand, demand for restocking grew moderately before the New Year's Day holiday. But on the other hand, continuous falls in freight rates dampened market sentiment and limited shipowners' buying interest. Most of the bunker fuel was supplied to regular customers, and only a few orders were newly signed. Domestic-trade light bunker fuel demand settled at 150,000 mt in the month, a decline of 10,000 mt or 6.25% month on month, the data indicates. Marine gas oil (MGO) demand became seasonally lukewarm. Bunker Fuel Supply China's bonded bunker fuel imports surge to year's new high in November China's bonded bunker fuel imports surged to the year's new high in November, with high-sulfur fuel oil (HSFO) arrivals increasing obviously. Chinese bunker suppliers imported 806,000 mt of bonded bunker fuel in the month, an upsurge of 55.36% from the prior month, JLC's calculations show, based on the GACC data. Bonded distributors increased their HSFO imports as the economic benefit of HSFO bunkering was relatively high. Meanwhile, some top distributors were making attempts to boost their bonded bunker fuel sales by the end of the year, which also led to a rise in bonded HSFO imports. In order to guarantee normal bunkering, bunker suppliers continued to import bonded LSFO in November when domestic production dropped amid tight export quotas. Bonded MGO imports were largely stable in the month. Regarding the bonded bunker fuel imports by supplier, Singapore returned to the first place by exporting 309,800 mt of bonded bunker fuel to China, accounting for 38.44% of China's imports. Malaysia ranked second with 248,700 mt, accounting for 30.85%. Russia ranked third with 128,900 mt, accounting for 15.99%, while South Korea slipped to the fourth place with 118,600 mt, accounting for 14.72%. On a year-on-year comparison, however, China's bonded bunker fuel imports dropped by 11.93% in November, calculations show. Domestic-trade heavy bunker fuel supply tightens in December Domestic-trade heavy bunker fuel supply tightened in December, as low-sulfur residual oil supply plunged amid slower transportation. Meanwhile, blenders' production enthusiasm was limited by insufficient supply of consumption-tax-included resources. Chinese blenders supplied about 340,000 mt of domestic-trade heavy bunker fuel in the month, a cut of 20,000 mt or 5.56% from the prior month, JLC's data shows. Domestic-trade MGO supply settled at 180,000 mt in December, without changes month on month, the data shows. Despite weaker demand, MGO supply was still relatively high, underpinned by widening production margins. Bunker Prices, Profits Editor Yvette Luo +86-020-38834382 yvetteluo@jlcint.com Sales (Beijing) Tony Tang +86-10-84428863 tonytang@jlcint.com Sales (Singapore) Ginny Teo +65-31571254 ginnyteo@jlcint.com service@jlcint.com 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) Related: JLC China Bunker Fuel Market Monthly Report (July 2025) 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) Related: JLC China Bunker Market Monthly Report (April 2024) 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 JLC China Bunker Market Monthly Report (December 2025)

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

Bunker Fuel Demand

China’s daily bonded bunker fuel sales hit 8-month high in December

China sold about 1.82 million mt of bonded bunker fuel in December 2025, with the daily sales at 58,565 mt, an eight-month high since April 2025, JLC’s data shows. The daily sales in December increased by 5.29% month on month and 14.09% year on year.

The container shipping market performed well amid growing replenishment at the end of the year, and the dry bulk shipping market was relatively prosperous. Meanwhile, some enterprises made efforts to achieve their annual sales targets, which also bolstered bunkering demand.

Regarding the sales by supplier, the sales by Chimbusco, Sinopec (Zhoushan), SinoBunker and China Changjiang Bunker (Sinopec) respectively settled at 490,000 mt, 580,000 mt, 50,000 mt and 10,000 mt in the month, while those by suppliers with regional bunkering licenses settled at 685,500 mt.

China’s LSFO output plunges to 12-month low in December

China’s low-sulfur fuel oil (LSFO) output plunged to a 12-month low in December, because of tight export quotas.

Chinese refiners produced 817,000 mt of LSFO in the month, with the daily output at 26,355 mt, a slump of 20.46% month on month, JLC’s data shows.

Specifically, most refineries under Sinopec reduced LSFO production amid quota tightness. Though Qingdao Petrochemical lowered its output as well, its output was still relatively high. Shengli Oilfield maintained largely stable daily LSFO output.

PetroChina’s LSFO output plunged in the month, dampened by tight quotas. Liaohe Petrochemical slashed its output, and most of the other refineries decelerated their production. By contrast, Dalian WEPEC recorded an output increase, as the refinery restarted its hydrotreating unit after maintenance.

CNOOC’s LSFO output dropped as well, with Zhoushan Petrochemical and Huizhou Refinery lowering their output. However, Zhongjie Petrochemical maintained largely stable production, and T aizhou Petrochemical had not resumed production yet.

ZPC and Sinochem did not produce any LSFO in December, and the latter did not export any LSFO due to unit maintenance.

On a year-on-year comparison, however, China’s LSFO output surged by 115% in December, JLC’s data indicates. The upsurge could be mainly ascribed to a low base in December 2024.

China’s LSFO output totaled 12.59 million mt in 2025, decreasing by 3.13% year on year, with the daily output down by 2.87% to 34,501 mt, JLC’s data shows. Different declines were due to one more day in February 2024 than in February 2025.

China has released its first batch of 2026 quotas on LSFO exports, keeping it flat at 8.0 million mt, with 3.72 million mt for Sinopec, 3.06 million mt for PetroChina, 1.16 million mt for CNOOC, 60,000 mt for Sinochem, industry sources said.

Screenshot 2026 01 12 at 2.14.50 PM

Screenshot 2026 01 12 at 2.15.01 PM

Domestic-trade heavy bunker fuel demand stable in December

Domestic-trade heavy bunker fuel demand was stable month on month in December. The demand settled at 350,000 mt in the month, unchanged from the prior month, JLC’s data shows.

On the one hand, demand for restocking grew moderately before the New Year’s Day holiday. But on the other hand, continuous falls in freight rates dampened market sentiment and limited shipowners’ buying interest. Most of the bunker fuel was supplied to regular customers, and only a few orders were newly signed.

Domestic-trade light bunker fuel demand settled at 150,000 mt in the month, a decline of 10,000 mt or 6.25% month on month, the data indicates. Marine gas oil (MGO) demand became seasonally lukewarm.

Bunker Fuel Supply

China’s bonded bunker fuel imports surge to year’s new high in November

China’s bonded bunker fuel imports surged to the year’s new high in November, with high-sulfur fuel oil (HSFO) arrivals increasing obviously.

Chinese bunker suppliers imported 806,000 mt of bonded bunker fuel in the month, an upsurge of 55.36% from the prior month, JLC’s calculations show, based on the GACC data.

Bonded distributors increased their HSFO imports as the economic benefit of HSFO bunkering was relatively high. Meanwhile, some top distributors were making attempts to boost their bonded bunker fuel sales by the end of the year, which also led to a rise in bonded HSFO imports.

In order to guarantee normal bunkering, bunker suppliers continued to import bonded LSFO in November when domestic production dropped amid tight export quotas.

Bonded MGO imports were largely stable in the month.

Regarding the bonded bunker fuel imports by supplier, Singapore returned to the first place by exporting 309,800 mt of bonded bunker fuel to China, accounting for 38.44% of China’s imports. Malaysia ranked second with 248,700 mt, accounting for 30.85%. Russia ranked third with 128,900 mt, accounting for 15.99%, while South Korea slipped to the fourth place with 118,600 mt, accounting for 14.72%.

On a year-on-year comparison, however, China’s bonded bunker fuel imports dropped by 11.93% in November, calculations show.

Screenshot 2026 01 12 at 2.15.16 PM

Domestic-trade heavy bunker fuel supply tightens in December

Domestic-trade heavy bunker fuel supply tightened in December, as low-sulfur residual oil supply plunged amid slower transportation. Meanwhile, blenders’ production enthusiasm was limited by insufficient supply of consumption-tax-included resources.

Chinese blenders supplied about 340,000 mt of domestic-trade heavy bunker fuel in the month, a cut of 20,000 mt or 5.56% from the prior month, JLC’s data shows.

Domestic-trade MGO supply settled at 180,000 mt in December, without changes month on month, the data shows. Despite weaker demand, MGO supply was still relatively high, underpinned by widening production margins.

Screenshot 2026 01 12 at 2.15.34 PM

Bunker Prices, Profits

Screenshot 2026 01 12 at 2.15.46 PM

Screenshot 2026 01 12 at 2.15.55 PM

Screenshot 2026 01 12 at 2.16.11 PM

Editor
Yvette Luo
+86-020-38834382
[email protected]

Sales (Beijing)
Tony Tang
+86-10-84428863
[email protected]

Sales (Singapore)
Ginny Teo
+65-31571254
[email protected]
[email protected]

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)
Related: JLC China Bunker Fuel Market Monthly Report (July 2025)
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)
Related: JLC China Bunker Market Monthly Report (April 2024)
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 January, 2026

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

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.

Admin

Published

on

By

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.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

Continue Reading
Advertisement

OUR INDUSTRY PARTNERS



Trending