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JLC China Bunker Fuel Market Monthly Report (September 2025)

China’s bonded bunker fuel sales declined in September due to factors including port operations being affected by a new round of typhoons and bunkering efficiency of ports decreasing amid US sanctions.

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Beijing-based commodity market information provider JLC Network Technology Co. recently shared its JLC China Bunker monthly report for September 2025 with Manifold Times through an exclusive arrangement:

Bunker Fuel Demand

China’s bonded bunker fuel sales decline in September

China’s bonded bunker fuel sales declined in September, due to multiple factors.

The country sold roughly 1.67 million mt of bonded bunker fuel in the month, with the daily sales at 55,583 mt, down by 2.56% from August, JLC’s data shows.

Port operations in East and South China were affected by a new round of typhoons, and downstream demand for cargo transportation was also depressed. Meanwhile, the bunkering efficiency of some domestic ports decreased amid the US’s sanctions.

The sales by Chimbusco, Sinopec (Zhoushan), SinoBunker and China Changjiang Bunker (Sinopec) respectively settled at 450,000 mt, 530,000 mt, 44,000 mt and 18,000 mt in the month, while those by suppliers with regional bunkering licenses settled at 625,500 mt.

China’s LSFO output slips in September

China’s LSFO output slipped in September, as refiners’ production margins were relatively bad and CNOOC was short of export quotas.

Chinese refiners produced 1.05 million mt of LSFO in the month, with the daily output at 34,933 mt, a cut of 1.55% month on month, JLC’s data shows.

Specifically, Sinopec’s LSFO output was stable in the month. The company’s Shengli Oilfield resumed production after maintenance, while most of the other refineries reduced production after previous boosts.

PetroChina recorded a fall in its output in September, as its Fushun Petrochemical was under maintenance through September and Gaofu Refinery suspended LSFO production. The output of other refineries did not change much in the month.

CNOOC lowered its LSFO production when it was running short of LSFO export quotas. The company’s Zhongjie Petrochemical and Huizhou Petrochemical decelerated their production, while Taizhou Petrochemical slightly boosted its output. The output of Zhoushan Petrochemical was stable month on month.

ZPC and Sinochem did not produce any LSFO in September, but the latter exported about 15,000 mt of MGO.

On a year-on-year comparison, however, China’s LSFO output increased by 5.54% in September.

China has released this year’s third batch of LSFO export quotas, with 605,000 mt, all for Sinopec, according to industry sources.

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Domestic-trade bunker fuel demand continues to grow in September

Domestic-trade bunker fuel demand continued to grow in September, because of pre-holiday restocking.

Domestic-trade heavy bunker fuel demand settled at 380,000 mt in the month, growing by 20,000 mt or 5.56% month on month, JLC’s data shows. At the same time, domestic-trade light bunker fuel demand stood at 160,000 mt, rising by 5,000 mt or 3.23% from the prior month.

Shipowners increased purchases of domestic-trade bunker fuel to replenish their inventories before the public holidays for the National Day and the Mid-Autumn Festival. Meanwhile, demand for MGO and  bunker fuel was relatively fair after the end of the fishing moratorium in all Chinese waters.

Bunker Fuel Supply

China’s bonded bunker fuel imports tumble in August

China’s bonded bunker fuel imports tumbled in August, with HSFO arrivals decreasing amid relatively high inventories.

Chinese bunker suppliers imported 489,600 mt of bonded bunker fuel in the month, a plunge of 23.88% from the prior month, despite a surge of 38.77% year on year, JLC’s calculations show, based on the GACC data.

Bonded distributors reduced their purchases of imported HSFO as their inventories were relatively high after previous boosts in the imports. However, bonded LSFO arrivals increased, while those of marine gas oil were still basically stable.

As the largest bonded bunker fuel supplier in August, Singapore exported 145,100 mt to China, accounting for 29.63% of the latter’s total imports. South Korea climbed to the second place with 126,700 mt, accounting for 25.88%, while Malaysia slipped to the third place with 110,100 mt, making up 22.48%. Indonesia ranked fourth with 107,700 mt, occupying 22.01%.

China’s bonded bunker fuel imports totaled about 4.34 million mt in January-August 2025, soaring by 55.50% from the same period of time in 2024, the calculations also show.

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Domestic-trade heavy bunker fuel supply grows in September

Domestic-trade heavy bunker fuel supply grew further in September, supported by increasing availability of low-sulfur residual oil and higher buying interest. 

Chinese blenders supplied about 400,000 mt of domestic-trade heavy bunker fuel in the month, a boost of 20,000 mt or 5.26% from the previous month, JLC’s data shows.

These blenders ramped up their bunker fuel production when upstream supply of low-sulfur residual oil increased. Meanwhile, downstream buying interest grew amid the approach of the public holidays for the National Day and the Mid-Autumn Festival, which also prompted blenders to increase their bunker fuel supply.

Domestic-trade MGO supply settled at 180,000 mt in September, unchanged from the prior month, the data shows.

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Bunker Prices, Profits

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JLC Network Technology Co., Ltd is recognised as the leading information provider in China. We specialise in providing the transparent, high-value, authoritative market intelligence and professional analysis in commodity market. Our expertise covers oil, gas, coal, chemical, plastic, rubber, fertilizer and metal industry, etc.

JLC China Bunker Fuel Market Monthly Report is published by JLC Network Technology Co., Ltd every month on China bunker market, demand, supply, margin, freight index, forecast and so on. The report provides full-scale & concise insight into China bunker oil market.

All rights reserved. No portion of this publication may be photocopied, reproduced, retransmitted, put into a computer system or otherwise redistributed without prior authorization from JLC.

Related: JLC China Bunker Fuel Market Monthly Report (July 2025)
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Note: China-based commodity market information provider JLC Technology has been providing Singapore bunkering publication Manifold Times China bunker volume data since 2020. Data from earlier periods are available here.

 

Photo credit: JLC Network Technology
Published: 15 October, 2025

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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.”

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Photo credit: DNV
Published: 4 September, 2026

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