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JLC China Bunker Market Monthly Report (August 2025)

China’s bonded bunker fuel sales increased in August with about 1.77 million mt of bonded bunker fuel sold, driven up by more active exports and improved weather conditions in East and South China.

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JLC China Bunker Market Monthly Report (August 2025)

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

Bunker Fuel Demand

China’s bonded bunker fuel sales increase in August

China’s bonded bunker fuel sales increased in August, driven up by more active export and improved weather conditions in East and South China.

The country sold about 1.77 million mt of bonded bunker fuel in the month, with the daily sales rising by 4.07% month on month to 57,045 mt, JLC’s data shows.

China’s export showed relatively strong resilience in August, providing some support to the shipping market.

Meanwhile, the negative impact from bad weather on ports in East and South China faded, which also pushed up the country’s bonded bunker fuel sales.

The sales by Chimbusco, Sinopec (Zhoushan), SinoBunker and China Changjiang Bunker (Sinopec) respectively settled at 470,000 mt, 550,000 mt, 45,000 mt and 20,000 mt in the month, while those by suppliers with regional bunkering licenses settled at 683,400 mt.

China’s LSFO output rebounds in August

China’s low-sulfur fuel oil (LSFO) output rebounded in August, because of less unit maintenance.

Chinese refiners produced 1.10 million mt of LSFO in the month, with the daily output at 35,484 mt, up by 7.84% from the previous month, JLC’s data shows.

Specifically, Sinopec saw a rise in its LSFO output in the month, as Jinling Petrochemical resumed production after maintenance and Qingdao Petrochemical boosted its output to a new high, though its Shengli Oilfield was still under maintenance.

PetroChina’s LSFO output also increased in August. The company’s Liaohe Petrochemical, Jinzhou Petrochemical and Dagang Petrochemical ramped up their production, while other refineries maintained largely stable production.

CNOOC’s LSFO production did not change much in the month, with the output of Zhongjie Petrochemical, Zhoushan Petrochemical and Huizhou Petrochemical stable month on month.

ZPC and Sinochem did not produce any LSFO in August, but the latter exported about 20,000 mt of MGO.

On a year-on-year comparison, however, China’s LSFO output declined by 4.76% in August.

Sinopec has switched quotas on 700,000 mt of LSFO exports to clean oil products (gasoline, diesel and jet fuel) exports, and PetroChina has transferred quotas on 200,000 mt of LSFO exports to clean oil product exports, according to industry sources. By contrast, CNOOC has been heard to transfer quotas on 700,000 mt from clean oil products to LSFO.

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Domestic-trade bunker fuel demand recovers in August

Domestic-trade bunker fuel demand recovered in August, thanks to the end of fishing moratorium and increasing restocking.

Domestic-trade heavy bunker fuel demand came in at 360,000 mt in the month, growing by 30,000 mt or 9.09% from July , JLC’s data shows. In the meantime, domestic-trade light bunker fuel demand stood at 155,000 mt, an increase of 15,000 mt or 10.71% month on month.

Demand for bunker fuel grew in mid-to-late August as the fishing moratorium in most of China’s sea areas came to an end. In addition, some shipowners increased their purchases of bunker fuel to replenish their inventories ahead of the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War on September 3.

Bunker Fuel Supply

China’s bonded bunker fuel imports rally in July

China’s bonded bunker fuel imports rallied in July , mainly because of increasing demand for bonded high-sulfur fuel oil (HSFO).

Chinese bunker suppliers imported 643,200 mt of bonded bunker fuel in the month, leaping by 17.95% month on month and 40.16% year on year, JLC’s calculations show, based on data from the General Administration of Customs of PRC (GACC).

Bonded distributors boosted their HSFO imports amid growing demand while slashing LSFO imports. At the same time, the imports of marine gas oil (MGO) were largely stable.

Malaysia and Singapore were still the two largest suppliers to China in July, shipping 212,700 mt and 206,700 mt of bonded bunker fuel to China, accounting for 33.07% and 32.14% of China’s total imports, respectively. Russia ranked third with 151,300 mt, occupying 23.52%, followed by South Korea with 72,500 mt, making up 11.27%.

China tallied a total of 3.85 million mt of bonded bunker fuel imports in the first seven months of 2025, soaring by 57.92% from the same months in 2024, the calculations also show.

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Domestic-trade bunker fuel supply increases in August

Domestic-trade bunker fuel supply increased in August, mainly because of growing availability of low-sulfur residual oil and shale oil.

Chinese blenders supplied about 380,000 mt of domestic-trade heavy bunker fuel in the month, up by 20,000 mt or 5.56% month on month, JLC’s data shows.

Supply of low-sulfur residual oil and shale oil increased moderately , prompting blenders to boost their bunker fuel production. Meanwhile, some blenders in North China delivered their cargoes ahead of schedule due to the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War in early September, which also pushed up the overall bunker fuel supply.

Domestic-trade light bunker fuel supply rose to 180,000 mt in August, up by 10,000 mt or 5.88% from the previous month, the data indicates. Independent refineries continued to raise their operating rates amid unit restarts.

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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: 11 September, 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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