Exports of low sulphur marine fuels in December reached a record high since deliveries started a year ago, and customs data showed annual bunker volume exports reaching 15.45 million tonnes, reports Reuters.
According to the same data, exports for 0.5% VLSFO in December alone reached 2.47 million tonnes.
In January when IMO 2020 came into effect, the government put in place some text incentives to boost Chinese oil refinery exports as well as local blending production to create a regional bunkering hub.
As reported earlier by Manifold Times, bunker sales at Zhoushan, China’s top bunkering port, reported a 15.14% year on year increase and is working towards an additional 27% increase for 2021.
Over 2020, local refineries have been working towards increasing production of low sulfur marine fuels and companies maintain imports from countries like Singapore and Malaysia for re-export, as seen in JLC’s China bunker market monthly report.
Photo credit: Zhoushan Bunker Association
Published: 22 January, 2021
Associate Director at Helmsman highlights the need to stay up-to-date with latest protocols / measures introduced by MPA, with continuous education of Master and crew of the visiting vessel.
BunkerPlanner Lite is an attempt to educate professionals engaged in bunker decisions about the use of advanced technology in the decision process, explains BunkerMetric CEO Christian Plum.
Senior Associate at Clyde & Co offers guidance to protect shipowners and bunker tanker operators in the event opposing counterparty breaches Covid-19 protocols, resulting in Covid-19 transmission.
Having a surveyor’s watchful eye to detect illegal activities also sends a strong signal to barge and vessel crew not to undertake any intended non-compliance, states VPS Senior Sales Manager.
Bunker tanker owner’s trust in LR and Metcore’s expertise proves duo’s experience in bunkering MFMs and unceasing support made the difference in ensuring trust during bunker transactions.
‘To be clear, the activities undertaken by Ang outside of Sea Hub are categorically unrelated to the current non-active status of the company,’ Glen Lim, Shipping Director of Sea hub, tells Manifold Times.
21 Jul 2021