• Follow Us On Our Preferred Social Media Platform:

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

08 Mar 2022

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

Related News

Featured News

Our Industry Partners

  • argus

PR Newswire