Zhang Tong, vice president of state oil major PetroChina International said Chinese refineries would be able to produce 18.1 million metric tonnes (mt) of low sulphur bunker fuel this year, sustainably serving its own market for marine fuel, reported Reuters.
The statement was reportedly made as part of a speech by Zhang at the opening of the LSFO futures contract on the Shanghai International Energy Exchange.
Zhang added China will be able to produce 22.6 million mt of the IMO-compliant fuel by 2021, increasing output to 29.6 million mt by 2022
If China were to optimise its production capacity, the country would be self-sufficient in supplying its bunker fuel market, which serves an estimated 12 million mt to the international shipping community annually, he concluded.
Traditionally, China imported its supply of bunker fuel from suppliers in the region like Singapore and South Korea, but the transition into IMO 2020 and the economic impact of COVID-19 has seen many state-run refineries pivot to producing low sulphur bunker fuel to serve domestic and international demand.
Published: 24 June, 2020
Port has made progress in digitisation by launching the 2.0 version of ‘International Marine Fuel Bunkering Intelligent Supervision Service Application’.
Argus Chairman and Chief Executive: ‘We expect the Zhoushan Bunker Index to serve as a regional benchmark as Zhoushan grows in importance as a regional bunker hub.’
MPA, Ocean Network Express, Equatorial Marine Fuel Management Services, and Claritecs share their thoughts with SSA in the final session of SIBCON 2020.
Single hull tankers registered under the Malaysia Flag are not permitted to carry Heavy Grade Oil (Fuel Oil/Black Oil/Residual Oil), according to a shipping notice.
More than half of the local suppliers reported that the latest delivery date is estimated to be 26 May while bunker fuel quotes at Zhoushan in May are very high.
Due to unauthorised anchoring as tanker failed to produce permission from the Director of the Sea, it says.
Digitalisation makes it easier for shipowners to conform to growing external regulations such as new sulphur regulations and ‘no scrubber’ zones; operators can identify better bunkering options to reduce costs.
‘We’ll start the application [to MPA] before the end of 2022 and hopefully to receive approval within six months or sooner,’ L. Y. Hwang, Director / General Manager of Oval Asia Pacific Pte Ltd, tells Manifold Times.
Rob Ashton, Market Manager of Infineum, explains how Infineum B402 is a relatively easy way for a ship operator to positively influence a vessel’s CII rating while improving its bunker fuel consumption performance.
Eventual adoption of Digital Bunker Document Standard speeds up interoperability between stakeholders from both public and private sectors, learns Singapore bunkering publication Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.
Cai Zhi Zhong received a total of about USD 1.3m to USD 1.6m, of which he saved a portion and spent the rest, including on property, cars and watches, according to court documents obtained by Manifold Times.
