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China: Yantian Port Shihua Company completes first bonded bunkering op

14 Sep 2022

Guangdong Yantian Port Shihua Energy Development Co., Ltd. (Yantian Port Shihua Company) on Friday (9 September) delivered 2,000 metric tonnes (mt) of bonded low sulphur fuel oil (LSFO) and 380 mt of marine gas oil (MGO) to container ship GLEN CANYON at Yantian Port, according to Shenzhen Yantian District People’s Government office on 13 September. 

The occasion marks the success of Yantian Port Shihua Company’s first bonded bunkering operation for international ships.

Yantian Port Shihua Company is a joint venture established by Yantian Port Group and Sinopec Fuel Oil Sales Co., Ltd., the first domestic and fifth largest marine fuel company in the world, specialising in marine bonded fuel oil delivery business. 

It is the fourth company to obtain the ‘Shenzhen Bonded Fuel Oil Operation Licence’ after Yantian Port Group, Sinopec Zhonghai Shenzhen Shipping Fuel Co., Ltd, and CNOOC (Shenzhen) Marine Supplies Co., Ltd. 

The smooth development of the company’s bonded bunkering business will further stimulate Shenzhen’s bonded bunker supply market, help improve the service level of the industry, and continuously consolidate the status of Shenzhen Port as a bunkering centre for international voyages, according to the local government website. 

According to statistics, in the first 8 months of this year, the annual bunkering volume of Shenzhen’s local bonded fuel oil has exceeded 150,000 mt and the revenue has exceeded RMB 800 million. 

Yantian District plans to fully speed up the pilot work of bonded LNG bunkering and strive to build a strong partnership with Rotterdam and Singapore. The established LNG bunkering centre will promote a reformed bonded fuel bunkering for ships on international voyages.

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.


Photo credit: Marine Traffic / sav_ships_photography
Published: 14 September, 2022

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