Editor’s Note [12 April 2022]: Article updated to reflect the correct English company name of 广州元亨仓储有限公司, which is Guangzhou Circle Storage Co., Ltd.
The Guangzhou International Voyage Vessel Bonded Oil Bunkering Launch Event and International Oil Merchant Cooperation and Development Conference was held at Guangzhou city in China on 28 February.
Li Zhi, Deputy General Manager of Sinopec China Shipping Marine Fuel Supply Co., Ltd (SinoBunker), was invited to attend the conference, shared the company.
During the meeting, Li Zhi discussed the international crude oil market, fuel oil and bonded oil market prospects, and conducted in-depth exchanges on further cooperation with representatives of various parties.
The bunkering sector of Guangzhou, located in Guangdong province, received a boost in late 2021 when the Chinese State Council gave permission for bonded bunkering operations to be carried out at Guangdong province.
Specifically, the development allows local oil companies to obtain bonded bunkering business licences directly from the local government; instead of from the Chinese State Council.
Two local players, namely Guangzhou Development Bibi Youpin Co., Ltd. (广州发展碧辟油品有限公司) and Guangzhou Circle Storage Co., Ltd.
Guangzhou Yuanheng Storage Co., Ltd. (广州元亨仓储有限公司), obtained bonded bunkering business licences from the Guangzhou Municipal Government in late February.
Related: China: Guangzhou issues bonded bunkering business licences to two local players
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Photo credit: SinoBunker
Published: 7 March, 2022
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.