Disclaimer: An online translation service was used in the production of the current editorial piece.
Sinopec Qingdao Petrochemical on Wednesday (12 May) said it has successfully exported 2,161 metric tonnes of low-sulphur marine fuel, according to Sinopec News Network, the company’s official news agency.
The cargo of fuel has successfully cleared the customs division customs at Qingdao Port and entered the customs-supervised division of the Sinopec warehouse.
The Chinese government issued the first export quota for low sulphur marine fuel at the end of April, and on Monday (11 May), Sinopec received its export license.
On the same day, 2,161 mt of low sulphur marine fuel was produced at Qingdao, and the team worked together with officials to have it cleared at customs the next day.
“Low sulphur marine fuel produced by the company was exported smoothly after the government implemented the quota system to manage the process,” said Lin Yongsen, deputy manager of the Sinopec Qingdao Petrochemical Development Planning Department.
“We are thankful for the excellent work ethics shown by our production team and the efficiency shown by the customs and commodity inspection company.
“The smooth process is important to provide greater confidence and motivations for enterprises to promote the production of low sulphur marine oil and enter the market.”
Manifold Times reported various Sinopec refineries starting production of low bunker fuel this year due to IMO 2020. Earlier developments are as follows:
Related: China: Sinopec Luoyang successfully ships 3,000 mt of low sulphur marine fuel
Related: Sinopec Shengli produces and exports first batch of low sulphur bunker fuel
Related: Sinopec Jinling ramps up production of low sulphur bunker fuel and catalytic materials
Related: Sinopec Yangzi commences production of low sulphur bunker fuel
Related: Sinopec Guangzhou exceeds RMG180 marine fuel oil production in Q1
Related: Sinopec Shanghai produced 66,800 mt of low sulphur bunker fuel in Q1 2020
Related: Sinopec Guangzhou announces first export of LSFO bunker fuel cargo
Related: Sinopec Guangzhou Petrochemical announces first delivery of marine fuel oil
Related: Sinopec Hainan Company readies LSFO bunker cargo for export
Related: Sinopec Maoming Company announces first LSFO bunker cargo
Related: Sinopec Qilu Company announces first delivery of LSFO marine fuel product
Photo credit: Sinopec News Network
Published: 15 May, 2020
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Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
