The following article first published by Manifold Times on 20 December was sourced from China’s domestic market through a local correspondent. An online translation service was used in the production of the current editorial piece:
The People’s Government of Hainan Province on Thursday (16 December) published the “Interim Measures for the Management and Administration of Bonded Oil for Ships in Hainan Free Trade Port”.
The document, approved at the recent 89th Executive Meeting of the Seventh Hainan Provincial People’s Government, outlines requirements for enterprises interested in starting bonded bunkering operations at China’s Hainan Free Trade Port.
It aims to further accelerate the development of the Hainan Free Trade Port’s bonded oil business by standardising operating behaviour and issuing regulatory responsibilities.
“A bonded oil business enterprise must obtain a bonded oil business qualification in accordance with the requirements of these Measures before it can conduct related businesses,” states the document.
The bunkering sector at Hainan
Singapore bunkering publication Manifold Times understands there are two physical suppliers currently operating at the Port of Yangpu, Hainan.
One is China Shipping & Sinopec Suppliers Co. Ltd., while the other is Sinopec Zhejiang Zhoushan Petroleum Co., Ltd.
Currently, only Very Low Sulphur Fuel Oil (VLSFO) can be supplied as bonded oil to international vessels at the Port of Yangpu.
Photo credit: MarineTraffic / Vladyslav Bystray
Published: 20 December, 2021
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