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China: Zhoushan Bureau of Commerce disqualifies ZFZEC as bunker supplier at Zhoushan port

13 Aug 2020

The Zhoushan Bureau of Commerce in early August disqualified Zhoushan Free Zone Energy and Chemical Co., Ltd. (ZFZEC), a subsidiary of Zhejiang Herun Group, as a physical bunker supplier for Zhoushan port, according to an update seen by Manifold Times.

To date, ZFZEC is the first and only physical supplier who has been disqualified by the government at China (Zhejiang) Pilot Free Trade Zone.

The reason for the disqualification was due to poor marine fuel sales for a three-year period in a row, said the notice.

In terms of bunkering volume, ZFZEC was ranked amongst the last physical bunker suppliers at Zhoushan in 2018 and 2019; it recorded zero sales since 2020, according to Zhoushan government data.

ZFZEC was one of the first of four companies to be issued a bunkering license by the Zhoushan government in June 2017.

The remaining three are Zhejiang Petroleum Marine Fuels Co. Ltd, Zhejiang Pilot F.T.Z. CNPC and TAFO Marine Fuel Co., Ltd, and CEFC China Energy Company Limited (CEFC China).

ZFZEC’s parent company, Herun Group, is ranked among China’s top 500 private firms.

Herun has been present in the related business of bunkering supply such as oil trading, storage, supply and ocean shipping for over 30 years.

Total Bunker Supply Volume at Zhoushan in 2019
Physical Suppliers Volume (mt)
Sinopec Zhejiang Zhoushan Petroleum Co., Ltd 1,393,000
China Marine Bunker (Petro China) Co., Ltd. 1,254,000
Zhejiang Seaport International Trading Company Limited 399,700
Zhejiang Petroleum Marine Fuels Co. Ltd 328,800
China Shipping & Sinopec Suppliers Co., Ltd 214,200
Zhejiang Pilot F.T.Z. CNPC and TAFO Marine Fuel Co., Ltd 186,200
Consort Bunkers (Zhoushan) Co., Ltd 131,400
China Changjiang Bunker (Sinopec) Co., Ltd. 65,400
CEFC China Energy Company Limited 62,500
Zhoushan Marine Fisheries Co. 28,500
Zhoushan National Pelagic Fishery Base 27,700
Zhoushan Free Zone Energy and Chemical Co., Ltd. 6,600
ZheJiang Free Trade Zone PetroChina Fuel Oil Co. ,Ltd 3,100
TOTAL: 4,101,300

 

 

Photo credit: Manifold Times
Published: 13 August, 2020

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