Representatives of China Ocean Shipping Group Co., Ltd. (COSCO) and Zhejiang Pilot Free Trade Zone arranged a meeting on 24 July to discuss the feasibility of securing a supply of bonded low sulphur fuel oil (LSFO) through the development of a bunkering centre at Zhoushan port, according to Chinese media Eworldship.
Huang Xiaowen, the Deputy General Manager of COSCO, said the shipping firm needs to find a source of LSFO due to the upcoming International Maritime Organization (IMO) 2020 sulphur limit regulation.
He noted resources at the Zhejiang Pilot Free Trade Zone, particularly its business friendly policies, close proximity to maritime trade routes, and availability of anchorage, qualifying the facility to be a developed into a full-fledged bunkering centre comparable to Singapore.
Ma Guohua, Deputy Director of the Management Committee of the Zhejiang Pilot Free Trade Zone, says the organisation will take measures to promote the production capacity of LSFO in the region and welcomes the COSCO Shipping Group to particulate in the bunkering project.
Moving forward, both entities will start a special working group to conduct research and policy reviews for the joint establishment of a future bonded fuel oil bunkering firm at Zhoushan.
Photo credit: COSCO Shipping Lines
Published: 31 July, 2018
Rough weather has disrupted bunker deliveries in Zhoushan and South Korean bunkering hubs, while Singapore continues to see tightness on the back of terminal congestion.
Teams determined to promote innovative development of Zhoushan’s bunkering sector ‘with a more vigorous attitude’ after studying ideology.
Due to Covid, the port officer cannot attend to vessels and the Port Authority of New South Wales has issued revised guidelines for processing Hotwork and Bunker permits.
Research aims to create a visual twin model for optimisation, engine operating state monitoring and engine failure diagnosis.
IMO's current target is for a 50pc reduction in overall GHG emissions by 2050 compared with 2008 levels, and for a 70pc cut in CO2 emissions over the same timeframe.
Bunker Holding Group does not expect a repeat of the good results for the new financial year 2020/21 due to decline in world trade and markets.
Top three positive movers in 2021 were Hong Lam Fuels Pte Ltd (+14); Sirius Marine Pte Ltd (+12); and TFG Marine (+11); according to the latest data from the Maritime and Port Authority of Singapore.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.
