Sinopec to provide marine fuels and bunkering at Hambantota

Sinopec to provide marine fuels and bunkering at Hambantota


Sinopec Fuel Oil Sales Co. Limited has won a tender process held by Hambantota International Port (HIP) to provide marine fuel and other ancillary facilities to marine liners calling and passing through Hambantota.

It was among 23 interested parties from Singapore, China, India, Dubai and Sri Lanka, who purchased tender documents and participated in a pre-bid meeting held at the port.  

“The partnership with Sinopec, who are one of the largest providers of bunkers worldwide, underlines our goal of becoming a bunkering hub for the entire region,” said Ray Ren, CEO of Hambantota International Port Group (HIPG) in a statement.

“Plans are already in the pipeline to expand our tank capacity in the near future.

“Due to their global networking strength, Sinopec will be in a position to offer competitive pricing, opening doors for local parties hoping to provide bunkering services.

“We plan to expand the port’s capacity — in fact we estimate the volume to surpass 1 Million TPA (tons per annum) in the space of five years, bringing us closer to our goal of establishing Hambantota Port as a bunkering hub in South Asia.

“HIP will also be looking at a number of associated services such as FW supply, sludge removals etc., which are already in the pipeline.”

Hambantota is located 10 nautical miles from the main sea route connecting east and west, on which ply more than 31,000 vessels each year.

Sinopec Fuel Oil Sales Company operates at all key ports in China’s coastal areas, and in more than 40 overseas key ports worldwide. It owns and operates 25 in-use oil depots with a storage capacity of more than one million cubic meters and has more than 100 oil barges in use.

It guarantees the start of bunkering operations at Hambantota by the fourth quarter of 2019.

Han Xueling, Deputy General Manager and Chief Accountant of Sinopec Fuel Oil Sales Corporation Limited says, “With our capability as the largest oil product supplier in China, we considered it our responsibility to start the production and supply of low Sulphur fuel (LSFO) and MGO.”

“Hambantota International Port is one of the many world ports, we would be supplying marine fuel to in 2019, and we guarantee the supply of VLSFO to service all Indian Ocean vessels.

“We look forward to a long-term partnership with HIP who we consider as a strategic hub in South Asia.”

Related: Sinopec 0.5% LSFO bunker heads to maritime institute for trial tests
Related: Shanghai Petrochemical starts LSFO marine fuel production
Related: Sinopec to supply IMO 2020 compliant bunkers from deadline
Related: Sinopec prepares refinery for 2020 IMO rule



Photo credit: Sinopec
Published: 17 April, 2019

 

Oil Price

Top Ports Price $/mt Change High Low Spread
Singapore 000.00 000.00 000.00 000.00 000.00
Fujairah 000.00 000.00 000.00 000.00 000.00
Rotterdam 000.00 000.00 000.00 000.00 000.00
Hong Kong 000.00 000.00 000.00 000.00 000.00
Antwerp 000.00 000.00 000.00 000.00 000.00
Top Ports Price $/mt Change High Low Spread
Singapore 000.00 000.00 000.00 000.00 000.00
Fujairah 000.00 000.00 000.00 000.00 000.00
Rotterdam 000.00 000.00 000.00 000.00 000.00
Hong Kong 000.00 000.00 000.00 000.00 000.00
Antwerp 000.00 000.00 000.00 000.00 000.00
Top Ports Price $/mt Change High Low Spread
Singapore 000.00 000.00 000.00 000.00 000.00
Fujairah 000.00 000.00 000.00 000.00 000.00
Rotterdam 000.00 000.00 000.00 000.00 000.00
Hong Kong 000.00 000.00 000.00 000.00 000.00
Antwerp 000.00 000.00 000.00 000.00 000.00

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