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China: Guangzhou bunkering volumes up 183% YTD on policy improvements

30 Dec 2021

The following article first published by Manifold Times on 30 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 introduction of government policies to support bonded bunkering operations and oil export tax rebates for domestic refineries at Guangzhou have resulted in growth of its regional marine refuelling sector, reports Guangzhou Daily.

From January to November 2021, Guangzhou Customs statistics issued 704 tickets for the release of fuel oil and diesel avails to bonded bunkering firms, totalling 346,400 metric tonnes (mt) and worth a value of RMB 1.194 billion (USD 190 million); the figures represent a year-on-year increase of 183%, 78%, and 163%.

Dong Hongwei, deputy general manager of China Marine Bunker Guangzhou Co., Ltd., said the firm supplied 251,000 mt of bonded bunkers worth RMB 800 million in the year to date.

“We are a company operating refined oil storage and ship fuel supply,” states Dong.

“Guangzhou Customs promptly guided our company to apply for the establishment of bonded warehouses, and rationally used the bonded warehouse’s ‘tax deferred’ policy to facilitate us to realise the supply of bonded imported oil in a short time.”

At the end of 2020, the General Administration of Customs issued relevant policies to promote the paperless declaration of ship materials.

The development led to Guangzhou Customs optimising the declaration process of bonded oil supply within the customs area by creating online processes for applications, warehouses, and verification and write-offs. As such, local oil enterprises need not submit paper-based work documents.

“We meet the fuel supply needs of companies in advance, and help companies become familiar with policies such as integrated customs clearance, full paperless supervision, and bonded account book declaration,” shared Huang Weihua, head of the integrated business section at Panyu Customs, a subsidiary of Guangzhou Customs.

“At the same time, we have established an online customs approval and coordination mechanism for fuel supply and fuel receiving areas, and realised ship supply applications.

“The online application, approval, and integration of supervision and management in such links as oil delivery and verification and clearance have greatly reduced the waiting time for enterprises.”

Guangzhou Customs’ migration to a paperless system has also resulted in benefits for prompt bonded bunker deliveries, highlights Wang Xiaorong, manager of Sinopec’s CNOOC Guangzhou Petroleum Public Bonded Warehouse.

“When encountering an emergency bunker fuel supply order for a ship on an international voyage, Guangzhou Customs will carry out paperless declaration review and supervision, and the relevant declaration process can be completed on the same day,” explains Wang.

“This helps us complete the bunkering operation in a short time after the ship arrives at the port, which has further improved the turnover efficiency of the berth. We will be more confident in accepting such urgent fuel supply orders in the future!”

Related: Emergence 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: 30 December, 2021

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