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Guangzhou unveils grand plans for its bonded bunkering sector at launch event

Guangzhou, Shenzhen and Hong Kong plans to develop a “super bunkering hub” in the Guangdong-Hong Kong-Macao Greater Bay Area, says official.

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Editor’s Note [12 April 2022]: Article updated to reflect the correct English company name of 广州元亨仓储有限公司, which is Guangzhou Circle Storage Co., Ltd.

The following article published by Manifold Times on 8 March was sourced from China’s domestic market through a local correspondent. An online translation service was used in the production of the current editorial piece:

About 250 delegates attended the Guangzhou International Voyage Vessel Bonded Oil Bunkering Launch Event and International Oil Merchant Cooperation and Development Conference at the Guangzhou Yuexiu International Conference Center on 28 February.

The meeting was presided by Deng Maoying, Deputy Secretary General of the Municipal Government, and other Chinese officials who celebrated the increasing momentum of Guangzhou’s bunkering sector which received further support from the China’s central government in 2021.

Hong Qian, Director of the Municipal Bureau of Commerce, and Dong Ke, the Mayor of Nansha District, met with Guangzhou Circle Storage Co., Ltd. [广州元亨仓储有限公Guangzhou Yuanheng Warehousing Co., Ltd. and Guangzhou Development Bipi Oil Products which have been approved to carry out bonded bunkering operations for ships on international voyages.

A total of seven bonded bunker oil-related projects with a contract value of RMB 1.3 billion (USD 210 million) was signed at the event.

The China (Guangzhou) International Trade “Single Window” Information Service Platform for Bunker Fuel Supply for International Navigation Vessels, and an exclusive “Bunker Insurance” service provided by the Bank of China Guangzhou Branch were also simultaneously launched.

China Shipowners Association welcomes development

Bonded bunkering operations are an important indicator to measure the internationalisation level and supporting service level of the port, according to Zhang Shouguo, Executive Vice President of the China Shipowners Association.

The Guangdong-Hong Kong-Macao Greater Bay Area has the largest seaport group and airport group in the world. In 2021, Guangdong Province strongly supported Guangzhou City by implementing a pilot project to license bonded marine fuel operations. The development will promote bonded bunkering operations in the Guangdong-Hong Kong-Macao Greater Bay Area.

On 18 February 2022, the “Notice of the General Office of the Guangzhou Municipal People’s Government on Printing and Distributing the Interim Measures for the Administration of Bonded Bunkering of Ships on International Voyages in Guangzhou” was officially issued.

This marked the official launch of Guangzhou’s pilot program for undertaking bunkering licenses for ships on international voyages. Enterprises can apply to Guangzhou to carry out bonded bunkering business for ships on international voyages, and carry out direct supply of bonded oil within the scope of Guangdong Province.

“Ship bonded oil bunkering operations, which coordinate the direct supply business of bonded oil in cross-customs areas in the waters of the province, will help accelerate the development of the international shipping industry in the Guangdong-Hong Kong-Macao Greater Bay Area,” stated Huang Xin.

Construction of “super bunkering hub” in Guangdong-Hong Kong-Macao Greater Bay Area

Chen Jie, Deputy Mayor and Secretary General of Guangzhou City, said Guangzhou will firmly grasp the opportunity of the pilot project which allowed the provincial government to directly offer bonded bunkering licenses to oil companies.

Next, Guangzhou will work together with Shenzhen and Hong Kong to promote the development of a “super bunkering hub” in the Guangdong-Hong Kong-Macao Greater Bay Area to further optimise the region’s bonded marine oil market structure.

Dong Ke, the Mayor of Nansha District, said it has issued supporting policies to subsidise the rental of oil storage tanks in Nansha District and partially finance the installation of bonded bunker fuel supply monitoring facilities and information management systems to reduce operating costs for new bonded oil supply enterprises.

In addition, Nansha Customs has implemented business models such as paperless customs declarations and “reporting after supply” to improve the efficiency of bunkering operations.

It is also actively exploring various supervision modes such as “multiple supply from one ship” and “separate declaration” for outside port bunkering operations, amongst others, in order to enhance the business flexibility of bonded oil supply enterprises and improve the utilisation rate of local oil depots.

Related: China: Bonded bunkering and oil conference held at Guangzhou in late February
Related: China: Guangzhou issues bonded bunkering business licences to two local players
Related: China: Guangzhou approves “Interim Measures” for more bonded bunkering firms
Related: PetroChina Guangdong project to add 2.6 million mt of low sulphur marine fuel capacity
Related: China: Guangzhou bunkering volumes up 183% YTD on policy improvements
Related: Emergence of China’s marine fuels industry challenges Singapore’s dominant position
Related: Chinese government issues bonded bunkering permission at Guangzhou port

 

Photo credit: Loeng Lig on Unsplash
Published: 8 March, 2022

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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