Editor’s Note [12 April 2022]: Article updated to reflect the correct English company name of 广州元亨仓储有限公司, which is Guangzhou Circle Storage Co., Ltd.
The following article published by Manifold Times on 1 March 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:
Two local players, namely Guangzhou Development Bibi Youpin Co., Ltd. (广州发展碧辟油品有限公司) and Guangzhou Circle Storage Co., Ltd. Guangzhou Yuanheng Storage Co., Ltd. (广州元亨仓储有限公司), have reportedly obtained bonded bunkering business licences from the Guangzhou Municipal Government.
The recent development builds on the “Interim Measures for the Administration of Bonded Bunkering of International Voyage Vessels in Guangzhou” which was approved by local authorities in February this year.
The interim measures, introduced to enhance international trade at Guangzhou, allows local oil companies to obtain bonded bunkering business licences directly from the local government; instead of from the Chinese State Council.
According to statistics, the container throughput of Guangzhou Port was 23.03 million TEUs in 2021, while the annual supply of bonded marine fuel at Guangzhou port was about 500,000 mt in the similar year.
Oil storage and distribution operations at Guangdong province is currently supported the Nansha Xiaohu Island Petrochemical Zone. The area has 310 storage tanks with a total storage capacity of more than 3,174,300 cubic meters and 46 berths.
The Nansha area of Guangzhou Port is located in the centre of the Greater Bay Area. It can reach Zhongshan, Zhuhai, Jiangmen, Foshan and Dongguan within an hour, and can cover more than 80% of the province’s ship refuelling market within five hours.
Related: China: Guangzhou approves “Interim Measures” for more bonded bunkering firms
Related: China: Guangzhou bunkering volumes up 183% YTD on policy improvements
Related: Emergence of China’s marine fuels industry challenges Singapore’s dominant position
Related: Shenzhen plans acceleration of domestic and international LNG bunkering business
Related: Chinese government issues bonded bunkering permission at Guangzhou port
Photo credit: Manifold Times
Published: 1 March, 2022
The committee calls for immediate governance enhancements to remedy board dysfunction.
Creditors meeting is scheduled to be held on 18 January 2021 after approval from the High Court of Hong Kong and Supreme Court of Bermuda.
The total value of the vessels is just over $196 million; Clarksons Platou and Arrow Shipbroking Group have been selected to oversee the sale, reports Reuters.
Ye Jianming, who founded the company in 2002, is under questioning by authorities for alleged economic crimes.
Vessel has been developed through a joint development project (JDP) between KR, KMS EMEC, and Singaporean shipping company Navig8, it said.
At present, no crew and passengers are allowed to disembark in Singapore, crew change is not permitted, and all suspected COVID-19 cases will be tested.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.
