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3.3 million mt of bunkers supplied at Zhoushan from Jan to Sept; 17.7% on year increase

19 Oct 2020

Zhoushan Bunker Industry Association (ZIBIA) on Friday (16 October) reported latest statistics indicating nearly 3.3 million metric tonnes (mt) of bonded marine fuel oil being supplied at Zhoushan from January to September 2020, reflecting a 17.7% year-on-year rise.

Approximately 1.4 million mt, or 43% of total bunker sales volumes at Zhoushan, was supplied at its major Anchorages – Tiao Zhou Men Anchorage, Xia Zhi Men Anchorage, Ma Zhi Anchorage and Xiu Dong Anchorage, which posted a 56.8% year on year growth.

Zhoushan-based shipyards, one of the three major vessel repair facilities in China, saw delivery of about 600,000 metric tonnes of bunker fuel to the facilities in the same period, reflecting a 16% increase compared from January to September in 2019.

ZIBIA attributes this increase to the relatively simple customs procedures and efficient bunker supply operations which allows owners to purchase bunkers before leaving the shipyard. 

Since the start of 2020, ZIBIA reported a steady increase in bunker sales at Zhoushan using locally produced avails. At the last count 870,000 metric tonnes of locally produced marine fuel, or 27% of the total bond marine fuel oil, was supplied by eight local physical suppliers at Zhoushan from January to September in 2020.

Further, with the government’s support, Zhejiang Seaport International Trade Co completed the first cross-port bunker operation between Zhoushan and Shanghai Yangshan Port during the September national holiday.

According to publicly available data, the average delivery price of VLSFO at Zhoushan was at USD319.11 per metric ton in August which is lower than in Singapore.

ZIBIA added government sources have revealed more bunker depots such as Huang Ze Shan and Jian Qiao Energy will go into service soon.

The government is also purportedly increasing its efforts to establish more anchorages at Off Port Limits (OPL) such as Qu Shan Anchorage and Lv Hua Shan Anchorage which will provide more options for bunkering specific demand.

Related: Shanghai and Zhoushan port complete first cross-port bunkering operation


Photo credit: Manifold Times
Published: 19 October, 2020

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