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China expedite development of Zhoushan port into a world-class bunkering port

19 Sep 2022

Zhoushan Port has supplied 3.88 million metric tonnes (mt) of bonded bunker fuel from January to August this year, up 16.01% year-on-year, according to a Chinese daily on Friday (16 September).

In 2021, Zhoushan’s bonded marine fuel oil supply exceeded 5.52 million mt and secured fifth place in a global bunker ranking list. 

Several steps have been taken by China in an effort to accelerate Zhoushan into a world-class bunkering port including adding two new anchorages for bunkering operations to further expand the northern oil supply market and improve barge service capacity. 

A total of 81 white-listed barges have been approved, including Jinhui 17 that were officially put into operation and the upcoming Shunping 19 that will be operational in November. Two more barges are expected to be built as well. 

The 410,000 square metre bonded fuel warehouse of Sinochem Xingzhong has been put into use and the storage tanks of the second-phase construction project of Huangzeshan Petroleum Transfer, Storage and Transportation is expected to be completed and start operation by the end of the year.

As of July this year, a total of 335 bunkering operations of huge international ships were successfully completed with a bunkering volume of 552,000 mt. 

Newly approved bunkering licensees Sinochem Petroleum and Trafigura Energy have carried out refuelling operations on a regular basis at the port. 

Also, two Zhoushan licensed companies, Haigang International Trade and PetroChina SIPG, regularly carry out cross-Shanghai port fuel supply business. From January to July this year, Zhoushan’s cross-port oil supply reached 1.75 million mt, accounting for 53.28% of total supply.

The port has also made progress in digitisation by launching the 2.0 version of  “International Marine Fuel Bunkering Intelligent Supervision Service Application”.

It became a one-stop application integrating low sulphur price index, meteorological information, customs clearance inquiry and declaration services to provide more detailed information services for oil suppliers and recipients including international shipowners. 

Disclaimer: The above article published by Manifold Times was sourced from China’s domestic market through a local correspondent. While considerable efforts have been taken to verify its accuracy through a professional translator and processed from sources believed to be reliable, no warranty is made regarding the accuracy, completeness and reliability of any information.

Related: China: Zhousan jumps up to fifth place in 2021 Top 10 Global Ship Bunkering Ports
Related: China officially launches Zhoushan Bonded Fuel Oil Index System with ‘Buyer’s Quotation’
Related: China: Zhoushan port digitalises bunker fuel, oil product storage availability info
Related: China: Zhejiang Oil Center launches price information service for the storage of oil products
Related: Zhoushan and Ningbo authorities update bonded bunkering procedure document for shipowners
Related: Zhoushan port launches bunkering operations at Qushan temporary anchorage
Related: Shanghai Futures Exchange futures market report reveals top players, fuel oil trading volume
Related: China: “Jinhui 17” joins Zhoushan bonded bunkering fleet


Photo credit: Manifold Times
Published: 19 September, 2022

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