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
IMO’s PPR Sub Committee to amend July 2024 usage and carriage ban, with caveat to extend usage for domestic shipping.
The company returned to profit for the nine months ended December 31, 2017,
Company plans to complete the production of 80,000 mt of low sulfur marine fuel by June 2020 using the residue hydrotreating method which is more difficult, it said.
Global price reporting agency remains the only publisher of LSFO 0.5% delivered bunker assessments.
‘We look forward to welcoming key leaders from around the world to Singapore next October,’ says MPA.
Maersk will procure 1.25 million mt per year of 0.5% sulphur fuel oil from PBF in the US Atlantic coast.
The local bunkering sector has adapted to IMO 2020 requirements and LSFO is now available at more than two earlier locations, notes bunker supplier Trillion Energy.
Claiming USD 108,887.87 for the supply and delivery of 310.00 mt of low sulphur marine gas oil at the Port of Jeddah on or about 23 February 2020.
A sanitisation expert offers Manifold Times a summary of the processes involved in disinfecting a ship together with the equipment and products used in the operation.
‘As the saying goes without people buying things, manufacturing will slow, trade will also slow and shipping movements slows down. It’s a whole chain of reaction,’ says Simon Neo.
Laboratory looking to collaborate with Singapore bunker surveyors to roll out COVID 19 testing service, which has been successfully adopted by land-based industries, to the maritime sector.
Sinfeng Marine Services filed an application to the Court of Appeal to withhold information from the liquidators on October 2019; the appeal was dismissed a month later.
