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China: PetroChina SIPG Energy completes first bonded bunker fuel op

16 Nov 2022

PetroChina SIPG Energy Co., Ltd. on Friday (11 November) successfully completed its first bonded bunkering operation to containership SITC Zhejiang, according to several China-based news outlets.

The firm delivered about 400 metric tonnes (mt) of  bonded low sulphur fuel oil to the Hong Kong-flagged vessel, which was berthing at the Waigaoqiao Phase IV port area of ​​Shanghai Port.

This is the first bonded bunkering operation embarked by the firm after it was one of the first two companies to obtain Shanghai’s bonded bunkering licence in August, marking the company’s successful launch of its bonded bunkering business in China.

This was following Shanghai’s move to promote the “Shanghai Municipal Measures for the Administration of Bonded Fuel Bunkering for International Voyage Ships”.

Manifold Times had previously reported PetroChina SIPG Energy establishing Shanghai Fuyuan Fuel Oil Co., Ltd. in the Yangshan Special Comprehensive Bonded Zone. With the licence, PetroChina’s goal is to achieve a bonded bunkering volume of 1 million metric tonnes (mt) per year, which is expected to bring in RMB 3.5 billion (USD 510 million) per year in commodity sales.

Disclaimer: The above article published by Manifold Times was sourced from China’s domestic market through a local correspondent. While considerable efforts have been taken to verify its accuracy through a professional translator and processed from sources believed to be reliable, no warranty is made regarding the accuracy, completeness and reliability of any information.

 

Related: Shanghai issues first batch of bonded bunkering licences to two local players

Related: China: Shanghai releases requirements for operating a provincial bunkering business

Related: China: Additional 10 companies awarded bonded bunker fuel licences from Jan to Sept 2022

Related: China: Guangzhou issues bonded bunkering business licences to two local players
Related: China: CNOOC Sales Shenzhen Co., Ltd obtains international bonded bunkering license

 

Photo credit: Marine Traffic / Geir Vinnes

Published: 16 November, 2022

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