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China: Guangzhou approves “Interim Measures” for more bonded bunkering firms

14 Feb 2022

The following article published by Manifold Times on 14 February 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:

Guangzhou Municipal Government officials approved the “Interim Measures for the Administration of Bonded Bunkering of International Voyage Vessels in Guangzhou” at an executive meeting on Friday (11 February) evening, according to China News Network.

The “Interim Measures” proposes for the establishment of bonded bunkering enterprises to operate at Guangdong province.

These firms are expected to carry out the bunkering business in accordance with the requirements of international conventions, marine oil quality standards, and management regulations.

Under the measures, an enterprise applying for bonded bunkering business shall meet six conditions including:

  • Owning or leasing of at least one double-bottom and double-hull bunkering vessel of not less than 1,000 dwt, which meets relevant technical and safety standards;
  • Customs supervision requirements, oil tanks with a storage capacity of not less than 5,000 cubic meters and supporting facilities for receiving, unloading and transhipment of bonded oil;
  • Enterprises legally registered in Guangzhou;
  • Registered foreign trade operators, etc.

In December 2021, Manifold Times reported the Chinese State Council giving permission for bonded bunkering operations to be carried out at Guangdong province.

The development is expected to open up the bunkering sector at Guangzhou, a port city located at northwest of Hong Kong on the Pearl River within Guangdong province.

A limited number of bonded bunkering firms currently operate at Guangzhou port, which recorded a bunkering volume of 346,400 metric tonnes (mt) from January to November 2021.

Related: China: Guangzhou bunkering volumes up 183% YTD on policy improvements
RelatedEmergence of China’s marine fuels industry challenges Singapore’s dominant position
RelatedShenzhen plans acceleration of domestic and international LNG bunkering business
RelatedChinese government issues bonded bunkering permission at Guangzhou port

 

Photo credit: Loeng Lig on Unsplash
Published: 14 February, 2022

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