Connect with us

LNG Bunkering

China: Zhoushan establishes first LNG bonded warehouse to improve bunkering services

New warehouse is expected to enhance bunkering efficiency and reduce operating costs as Zhoushan previously did not have such a warehouse and LNG for bunkering was shipped from other regions.

Admin

Published

on

China: Zhoushan establishes first LNG bonded warehouse to expand bunkering services

China’s Hangzhou Customs on Monday (7 April) announced the successful establishment of the first LNG bonded warehouse in Zhoushan, which will provide support for the development of the oil and gas industry chain of China (Zhejiang) Pilot Free Trade Zone. 

This comes following its approval of the TK04 storage tank of ENN (Zhoushan) LNG in Zhoushan on 31 March, becoming a certified bonded warehouse. 

“The bonded storage tank capacity we applied for this time is 160,000 cubic metre in total. With the support and guidance of Hangzhou Customs, we passed the bonded warehouse acceptance at the fastest speed, laying the foundation for the development of LNG bonded business,” said Liu Biao, ENN (Zhoushan) LNG. 

In recent years, LNG has been quite popular in the energy field, and the international shipping industry has increasingly chosen LNG to replace traditional fuels. In August 2023, the first bonded LNG bunkering business for international ships was launched in the Zhoushan area of ​​China (Zhejiang) Pilot Free-Trade Zone. 

“At that time, Zhoushan did not have an LNG bonded warehouse, and the LNG for bunkering was shipped from other regions, and the transportation cost was relatively high,” said Wang Jianhua, general manager of the Zhoushan Branch of Shenzhen CNPC International LNG Bunkering.

“Now Zhoushan has its own LNG bonded warehouse. In the future, when bunkering international ships with LNG, we can directly pick up gas from the warehouse ‘at our doorstep’, which improves the bunkering efficiency while reducing the operating costs of enterprises.”

The establishment of this LNG bonded warehouse is expected to attract more companies to carry out diversified LNG business in Zhoushan and enrich the port functions of Zhoushan. 

“More convenient access to LNG resources and fewer logistics links can attract more international ships to gather here, which will further accelerate the pace of building Zhoushan’s global bonded ship fuel refuelling center,” said a spokesperson of the Zhoushan Customs Bonded Supervision Section under Hangzhou Customs. 

To ensure the smooth implementation of LNG bonded warehouses, Hangzhou Customs proactively takes into consideration the needs of enterprises, provides “one-to-one” policy consultation during the establishment of bonded warehouses, and guides enterprises on-site to complete the construction of hardware supervision facilities and information systems. 

The customs provides “one-stop” administrative approval services, guiding enterprises to prepare bonded storage tank establishment application materials in advance to ensure that the warehouse establishment approval and acceptance are passed as soon as possible. 

Hangzhou Customs said it will further leverage Zhoushan’s policy and location advantages, strive for the implementation of policies that benefit enterprises such as biofuel processing and blending, and “supply first, declare later” for bonded ship goods and support Zhoushan in building a global bonded bunkering centre.

 

Photo credit: Hangzhou Customs
Published: 10 April, 2025

Continue Reading

LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

Admin

Published

on

By

PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions. 

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post. 

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024. 

 

Photo credit: Pacific International Lines
Published: 21 July, 2026

Continue Reading

LNG Bunkering

CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s alternative fuel bunkering infrastructure.

Admin

Published

on

By

CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

China’s Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. (CIMC SOE) recently signed a contract with Sinopec (Beijing) Clean Energy Co., Ltd. to build a 12,000-cubic metre (m3) LNG bunkering vessel, according to Chinese maritime media.

The vessel is scheduled for delivery in 2028 and will support Sinopec’s efforts to expand its presence in the marine clean energy sector.

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s LNG bunkering infrastructure.

With this signing , CIMC Pacific Offshore Engineering’s LNG bunkering vessel orderbook is further strengthened, maintaining its leading position in the global market for small and medium-sized LNG bunkering vessels.

The contract also marked another milestone for CIMC SOE, which has seen a sharp increase in orders and business performance this year amid a surge in domestic LNG vessel demand.

 

Photo credit: Nantong CIMC Sinopacific Offshore & Engineering
Published: 21 July, 2026

Continue Reading

Alternative Fuels

ENGINE on Fuel Switch Snapshot: LSMGO surges to greater premium over biofuel

B100 discount to LSMGO widens to $541/mt in Rotterdam; Singapore’s B100 drops to $106/mt below LSMGO; Rotterdam LBM at $639-833/mt discounts to LSMGO.

Admin

Published

on

By

ENGINE on Fuel Switch Snapshot: LSMGO surges to greater premium over biofuel

Once a week, bunker intelligence platform ENGINE will publish a snapshot of alternative and conventional bunker fuel prices in the world’s two biggest bunkering hubs. The following is the latest snapshot:

20 July 2026

  • B100 discount to LSMGO widens to $541/mt in Rotterdam
  • Singapore’s B100 drops to $106/mt below LSMGO
  • Rotterdam LBM at $639-833/mt discounts to LSMGO

B100’s premium over HSFO in Rotterdam has narrowed by $50/mt over the past week to $64/mt, while its discount to VLSFO has widened by $83/mt to $105/mt.

B100 has become far more competitive against LSMGO in Rotterdam, with its discount widening by $180/mt over the past week to $541/mt, as a surge in conventional fuel prices left B100 broadly unchanged by comparison.

B100’s price has risen by $109/mt in Singapore, but its discount to LSMGO has still widened by $102/mt to $106/mt, as LSMGO surged by an even greater $211/mt.

Rotterdam’s LNG premium over VLSFO has widened by $35/mt to $201/mt for vessels with Otto medium speed (Otto MS) engines. For vessels with diesel slow speed (diesel SS) engines, LNG has flipped to a $15/mt premium over VLSFO, from a $22/mt discount the prior week.

Liquefied biomethane (LBM) discounts to VLSFO in Rotterdam have narrowed by $50-52/mt to $203-396/mt over the past week. Against LSMGO, LBM discounts have widened by $45-47/mt to $639-833/mt, depending on engine type.

In Singapore, LNG is now $42/mt cheaper than LSMGO for vessels with Otto MS engines, and $134/mt cheaper for vessels with diesel SS engines.

ENGINE on Fuel Switch Snapshot: LSMGO surges to greater premium over biofuel

Liquid fuels

HSFO and VLSFO prices in Rotterdam have jumped by $66/mt and $99/mt respectively over the past week, while LSMGO has surged by an even steeper $196/mt. A $9.69/bbl ($71/mt) rise in front-month ICE Brent futures, to $87.94/bbl ($645/mt), drove bunker prices sharply higher across the board.

Bunker fuel availability is tight for prompt delivery dates in the ARA ports, with buyers advised to enquire about stems between 5-7 days ahead to get good coverage, a trader said.

Rotterdam’s B100 price has risen by $16/mt over the past week. Dutch ZRE A ticket prices were unchanged at €107.50/mtCO2e.

Singapore’s HSFO and VLSFO prices have risen by $130/mt and $132/mt respectively, while its LSMGO price has gained an even steeper $211/mt over the past week.

VLSFO availability in Singapore has been tight, with several suppliers reporting low stock levels. Recommended lead times have widened from 13–17 days last week to 14–19 days now.

Liquid gases

Rotterdam’s LNG prices have surged by $134-136/mt over the past week, while its LBM prices have climbed by $149-151/mt.

LBM discounts to LNG in Rotterdam have narrowed by $15/mt to $404-411/mt.

Singapore’s LNG bunker benchmarks have surged by $196-197/mt over the past week.

By Erik Hoffmann

 

Photo credit and source: ENGINE
Published: 21 July, 2026

Continue Reading

Trending