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IPEC 2024: China’s largest bunkering port highlights ‘breakthroughs’ in five key areas

Zhoushan official shares progress of local bunkering industry; including infrastructures and logistics of alternative bunker fuels, white-listed bunker barges, and MFMs.

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cui yi ling IPEC SPEECH MT

Bunkering publication Manifold Times, an official media partner of the 7th International Petroleum and Natural Gas Enterprises Conference, was present at the event to report on the following development:

Several improvements have taken place within China’s largest bunkering port since 2023 to date, said the Deputy Director of Zhoushan High-tech Zone Administrative Committee on Thursday (17 October).

Cui Yiling was giving a speech to delegates at the 7th International Petroleum and Natural Gas Enterprises Conference (IPEC 2024) in Zhoushan, Zhejiang province when she highlighted “breakthroughs” in five areas at Zhoushan port.

“Since the beginning of this year, we have benchmarked ourselves against world class ports following the highest international standards and requirements to support the development of Zhoushan’s bunkering industry,” said Ms Cui.

“We focused on maritime low carbon transition, service efficiency & improvement, market standardisation, sector engagement, and value creation – resulting in breakthroughs in five aspects.”

Green marine fuels

“Zhoushan is entering a new stage for the supply of clean marine fuels. To date, the number of LNG (liquefied natural gas) bunkering entities at Zhoushan port increased to two, while customs have approved the construction of a new 160,000 m3 (cubic meter) LNG bonded tank,” she stated.

“New biofuel blending policies are expected to be implemented in Zhoushan before the end of this year and a 1 million annual mt (metric tonne) capacity biofuel production plant is being constructed. 200,000 mt of biofuel will be put into production next year though pilot blending projects.

“A pilot truck-to-ship methanol bunkering operation was carried out and construction of methanol bunkering barges have been launched. We are in talks with stakeholders to secure green methanol.”

Operational improvements

Ms Cui noted the number of anchorages at Zhoushan port rose to 86 positions in 2024, resulting in increasing efficiency of bunkering operations. Meanwhile, the maritime department has implemented all-weather anchorage positions which are able to meet the bunkering requirements of various ship types.

Overall, bunker barges at Zhoushan have become larger and more specialised. A total of 52 white-listed bunker barges, about half having more than 4,000 mt capacity, are currently registered with the port. The figure includes 18 Zhoushan type bunker tankers with the largest having a capacity of 7,000 mt.

More than 2.73 million m3 of oil storage capacity was added to Zhoushan this year. To date, the total oil storage capacity of Zhoushan has exceeded 38 million m3.

Market standardisation

“The maritime digital fuel station has been upgraded and we are now able to supervision all parties involved in a bunkering fuel supply operation in Zhoushan,” she shared.

“In conjunction with the CPCA (China Petroleum Circulation Association), we have also launched a group technical standard for MFMs (mass flowmeters) this year and there are plans to complete the certification work of another three bunker tankers to meet ISO 22192 bunkering standards by end of this year.

“Our maritime joint law enforcement branch has been strictly controlling key links, such as barge tendering, oil transportation, and bunker measurement of marine refuelling operations. Barges not meeting regulations have been withdrawn accordingly [from the whitelist].”

Industry engagement

Ms Cui noted representatives of the Zhoushan High-tech Zone Administrative Committee have been also carrying out regular visits to large domestic and foreign shipowners and oil traders.

This year, strategic cooperations have been formed between international business entities at Rotterdam and Singapore to further develop Zhoushan’s bunkering sector; including in the areas of overseas publicity through a cooperative agreement with Singapore bunkering publication Manifold Times.

Manifold Times x Zhoushan port mou signing MT

Market research on new fuels has been carried out, and cooperation agreements have been formed between bunker fuel suppliers, traders, producers, and other stakeholders to jointly enhance the international influence and reputation of Zhoushan as a bonded bunker oil center.

Value creation

To date, approximately 1,600 maritime service firms have gathered at Zhoushan to help the island achieve a leading maritime position within China, she said.

“Zhoushan currently accounts for about 40% of China’s repair output and crew transfer volume, and about a-third of our country’s newbuilding capacity; we are the largest foreign ship repair base and crew transfer port in China,” explained Ms Cui.

“In the first half of this year, the total output of maritime services at Zhoushan reached RMB 32.2 billion representing a year-on-year increase of more than 31%.

“Moving forward, we will continue to focus on the goal of creating a world class hub for the allocation of commodity resources and continue to make efforts in the areas of innovation, regulatory, training and more to further establish Zhoushan as Northeast Asia’s top bonded ship fuel refilling center.”

Related: IPEC 2024: CPCA releases lists of top ten global bunkering ports and marine fuel suppliers
RelatedIPEC 2024: Zhoushan port records 7.04 million mt annual bunker volume for 2023
RelatedChina: Zhoushan to host 7th IPEC commodities, bunker conferences on 16 to 17 October

 

Photo credit [first image]: Zhoushan High-tech Zone Administrative Committee
Photo credit [second image]: Zhoushan Daily
Published: 25 October 2024

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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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