Connect with us

Business

JLC China Bunker Market Monthly Report (February 2021)

In February, China’s bonded bunker fuel sales edged down to 1.33 million mt due to CNY holidays and harsh weather at certain ports in North China.

Admin

Published

on

Bonded bunkr fuel sales in Feb MT

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

JLC China Bunker Market Monthly Report (February 2021)

Highlights

Bunker Fuel Demand

Bonded bunker fuel sales dip in February

In February, China’s bonded bunker fuel sales edged down to 1.33 million mt, JLC data showed. Sales in February slipped due to the Chinese New Year holiday and harsh weather at certain ports in North China. But the fall was limited as some term contracts switched from January to February and sales were high at some ports in the southern region. Chimbusco and Sinopec sold about 579,600 mt and 512,500 mt of bonded bunker fuel, respectively. Bonded bunker fuel sales were about 70,200 mt for SinoBunker and 23,800 mt for China ChangJiang Bunker (Sinopec). New enterprises in the China (Zhejiang) Pilot Free Trade Zone sold 144,600 mt.

China’s bonded bunker fuel sales jumped to 2.61 million mt in December, up by 94.36% month on month, according to GAC data. In December, bonded bunker fuel suppliers ramped up sales to meet annual sales targets. Besides, a large quantity of bonded bunker fuel oil produced by Sinopec refineries was loaded into bonded warehouses in the month. Specifically, bonded bunker fuel sales were 1.25 million mt for Sinopec, 1.02 million mt for Chimbusco, 85,000 mt for SinoBunker, 50,300 mt for China ChangJiang Bunker (Sinopec) and 205,000 mt for new enterprises in the China (Zhejiang) Pilot Free Trade Zone. China’s bonded bunker fuel sales in 2020 surged by 4.76 million mt or 39.79% year on year to 16.72 million mt, GAC data shows.

Note: There is no update on import and export data for January, as the General Administration of Customs of the PRC is expected to combine January and February data instead of providing data for a single month. The combined data for January-February are expected to be released at the end of March, and we will update the data in the March version report.

 

China bunker exports in Feb

China Major bunker fuel suppliers sales in Feb

Domestic bunker fuel demand drops in February

Domestic bunker fuel demand declined in February. End users' consumption of domestic-trade heavy bunker fuel was about 340,000 mt in the month, down by 30,000 mt from the previous month. The demand for light bunker fuel was 120,000 mt in February, down by 10,000 mt from January. Demand dropped in February mainly due to the Chinese New Year holiday and fewer weekdays in the month. Earlier in the month, traders held caution and trades with high value were few. But later in the month, trades improved as some downstream users began stock replenishments amid low inventories and rising prices.

Bunker Fuel Supply

Bonded bunker fuel imports drop 2.85% in December

China’s bonded bunker fuel imports were 1.10 million mt in December, a drop of 2.85% month on month and a fall of 46% year on year, GAC data showed. Demand was still high in December. As domestic production fell behind demand, despite a rally in production, bonded bunker fuel distributors still had to import bunker fuel to meet demand.

Specifically, the largest import source for China was still Malaysia with 641,000 mt of bunker fuel. Imports from Singapore, South Korea and the UAE were 172,000 mt, 99,000 mt and 84,000 mt respectively. The imports were 68,000 mt and 34,000 mt respectively from Russia and Thailand.

China’s bonded bunker fuel imports were 12.24 million mt in 2020, a drop of 14.2% year on year, GAC data showed.

Note: There is no update on import and export data for January, as the General Administration of Customs of the PRC is expected to combine January and February data instead of providing data for a single month. The combined data for January-February are expected to be released at the end of March, and we will update the data in the March version report.

Bonded bunkr fuel imports in Feb

Domestic blended bunker fuel supply reduces in February

Chinese blending producers supplied a total of around 350,000 mt of heavy bunker fuel in February, down by 30,000 mt from January, JLC data showed. In February, supply fell as many blenders halted operation during the Chinese New Year holiday. Low-sulfur residue oil supply remained tight after the holiday. Besides, as some refineries started overhauls, supply reduced and low-sulfur residue oil was mainly for captive use. Supply of light coal tar and coal-based diesel also tightened when producers kept their inventories low. Blenders lowered their supply amid tight availability of blendstocks and high blendstock costs. Light bunker fuel supply was about 130,000 mt, down by 10,000 mt from the previous month amid impacts of the holiday.

Fuel oil cargo imports in Feb

China Main oil blending feedstocks in Feb

China Domestic Trading 180 cSt

China Bunker blending profit by region in Feb

Editorial Director

Amanda Zhao

+86-10-84428984

[email protected]

Sales  Beijing

Tony Tang

+86-10-84428863

[email protected]

Editor

Rachel Xu

+86-20-38834392

[email protected]

Singapore

Ginny Teo

+65-31571254

[email protected]

Tobey Li

+86-10-84428620

[email protected]

Hong Kong

Jin Byun

+852 9103 1936

[email protected]
[email protected]

 

JLC Network Technology Co., Ltd is recognised as the leading information provider in China. We specialised in providing the transparent, high-value, authoritative market intelligence and professional analysis in commodity markets. Our expertise covers oil, gas, coal, chemical, plastic, rubber, fertiliser 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 authorisation from JLC.

Related: JLC China Bunker Market Monthly Report (January 2021)
Related: JLC China Bunker Market Monthly Report (December, 2020)
Related: JLC China Bunker Market Monthly Report (November, 2020)
Related: JLC China Bunker Market Monthly Report (October, 2020)
Related: JLC China Bunker Market Monthly Report (September, 2020)
Related: JLC China Bunker Market Monthly Report (July, 2020)
Related: JLC China Bunker Market Monthly Report (June, 2020)
Related: JLC China Bunker Oil Market Monthly Report (May, 2020)

 

Photo credit: JLC Network Technology Co Ltd
Published: 18 May, 2021

Continue Reading

Biofuel

GCMD concludes its final biofuel blend supply chain trial with Hapag-Lloyd

bp provided the B30 biofuel blend to the “TIHAMA”, a 19,870 TEU container vessel operated by Hapag-Lloyd in final trial; marks the end of a series of trials initiated in July 2022.

Admin

Published

on

By

GCMD concludes its final biofuel blend supply chain trial with Hapag-Lloyd

The Global Centre for Maritime Decarbonisation (GCMD) on Thursday (18 July) said it has successfully completed its final supply chain trial for biofuel blended with very low sulphur fuel oil (VLSFO). 

This marks the end of a series of trials initiated in July 2022 as part of a larger pilot to develop a framework to provide quality, quantity and GHG abatement assurances for drop-in fuels.

In this final trial, bp provided the B30 biofuel blend to the TIHAMA, a 19,870 twenty-foot equivalent unit (TEU) container vessel operated by Hapag-Lloyd.

The biofuel component used is certified to the International Sustainability & Carbon Certification (ISCC) standard – a multistakeholder certification scheme for biobased materials. The biofuel component comprised neat Fatty Acid Methyl Ester (FAME) produced from food waste.

Authentix, a tracer solutions provider, supplied and dosed the FAME with an organic-based tracer at the storage terminal outside the Netherlands. The dosed FAME was then transported to the Port of Rotterdam for blending with VLSFO to achieve a B30 blend, before the blend was bunkered onboard the TIHAMA.

Similar to previous trials, GCMD engaged fuel testing company Veritas Petroleum Services (VPS) to witness the operations at all stages – from biofuel cargo transfer to bunkering. VPS also collected and conducted extensive laboratory tests on samples of the biofuel and biofuel blend collected at pre-determined points along the supply chain to assess quality per Standards EN 14214 and ISO 8217.

With well-to-wake emissions of 13.74 gCO2e/MJ, the neat FAME presented a 85.4% emissions reduction compared to the emissions of the fossil marine fuel. The reduced emissions complies with the MEPC 80, which requires a minimum emissions reduction of 65% in order for biofuels to be classified as sustainable.

GCMD and Hapag-Lloyd determined that consumption of the 4,500 MT B30 blend of FAME and VLSFO resulted in 27.9% emissions reduction compared to sailing on VLSFO.

A newly developed tracer deployed with this supply chain

GCMD collaborated with Authentix to develop and deploy a new organic-based tracer to authenticate the origin and verify the amount of FAME present in the blend. The proprietary tracer blended homogeneously with FAME and was detected at expected concentrations at all sampling points along the supply chain.

This trial marks the first deployment of this tracer in a marine fuel supply chain. Previously, similar tracers were used to authenticate and quantify biofuels in road transport and LPG supply chains.

Development of a comprehensive biofuels assurance framework underway

With the completion of this trial, GCMD has deployed a diverse range of tracer technologies, including synthetic DNA and element-based tracers, in addition to the organic-based tracer used in this trial. The trials have also included the development of a chemical fingerprinting methodology and the evaluation of lock-and-seal and automatic identification systems (AIS) as additional solutions to ensure the integrity of the biofuels supply chain.

Learnings on tracer limitations and benefits will be incorporated into a framework that recommends appropriate use to ensure consistent and robust performance. This effort will complement existing ISCC by providing additional supply chain assurance through physical traceability.

The insights from these trials will be shared in a series of reports covering issues, such as traceability, biofuel degradation, supply chain optimisation and abatement costs. These findings will culminate in a comprehensive assurance framework to provide guidance on biofuels use, slated for release in the fourth quarter of 2024.

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 19 July 2024

Continue Reading

Ammonia

MPA, ITOCHU and partners sign MoU on ammonia-fuelled bulk carriers study

As a government agency, MPA,will review and provide their views to the designs of the ammonia-fuelled ships to ensure their safe operations, says ClassNK.

Admin

Published

on

By

RESIZED venti views

Classification society ClassNK on Thursday (18 July) said it signed a Memorandum of Understanding (MoU) with ITOCHU Corporation, Nihon Shipyard Co., Ltd., and Maritime and Port Authority of Singapore (MPA) regarding a joint study for the design and safety specifications of ammonia-fuelled ships which are under development by ITOCHU and partners.

“The discussion for a specification of ammonia-fuelled ships with a governmental body related to their operation is essential for a social implementation of ammonia-fuelled ships,” ClassNK said. 

“As one of parties of the MoU, MPA, a government agency overseeing the world’s busiest bunkering hub, will review and provide their views to the designs of the ammonia-fuelled ships to ensure their safe operations.”

The MoU is based on the premise that 200,000 deadweight ton class bulk carriers will be built by Nihon Shipyard with an ammonia dual-fuelled engine.

“The necessary clarifications of the specification for the ammonia-fueled ship to carry out ammonia bunkering in Singapore will be conducted among parties of this MoU, for the commercialisation of ammonia-fuelled ships,” ClassNK added.

 

Photo credit: Venti Views on Unsplash
Published: 19 July 2024

Continue Reading

Biofuel

“K” Line to use biofuel on three Gram Car Carriers-chartered vessels in Singapore

Biofuel will be supplied to the sister vessels “Viking Ocean”, “Viking Diamond” and “Viking Coral” while bunkering in Singapore, says Gram Car Carriers.

Admin

Published

on

By

“K” Line to use biofuel on three Gram Car Carriers-chartered vessels in Singapore

Norwegian transportation firm Gram Car Carriers (GCC) on Thursday (18 July) said Kawasaki Kisen Kaisha (“K” LINE) will use biofuel on three vessels chartered from GCC from July onwards. 

“The biofuel will be supplied to the sister vessels Viking Ocean, Viking Diamond and Viking Coral while bunkering in Singapore, an Asian hub for marine biofuels,” GCC said on its social media. 

“The use of biofuel is a key environmental initiative to reduce emissions across the entire value chain (well-to-exhaust) and an effective way of transitioning to low-carbon marine fuels amid globally tightening environmental regulations.”

“We support the green mobility shift. This means that GCC commit to supporting the transition of both vehicles and their logistic chain towards a zero-emission future in close cooperation with leading customers such as K-Line,” said Georg A. Whist, CEO of GCC.

 

Photo credit: Gram Car Carriers
Published: 19 July 2024

Continue Reading
Advertisement
  • v4Helmsman Gif Banner 01
  • RE 05 Lighthouse GIF
  • SBF2
  • EMF banner 400x330 slogan
  • Aderco advert 400x330 1
  • Consort advertisement v2

OUR INDUSTRY PARTNERS

  • 102Meth Logo GIF copy
  • SEAOIL 3+5 GIF
  • Singfar advertisement final
  • Triton Bunkering advertisement v2
  • HL 2022 adv v1


  • PSP Marine logo
  • pro liquid
  • Synergy Asia Bunkering logo MT
  • intrasea
  • Auramarine 01
  • endress
  • E Marine logo
  • SMS Logo v2
  • MFA logo v2
  • CNC Logo Rev Manifold Times
  • VPS 2021 advertisement
  • Headway Manifold
  • Advert Shipping Manifold resized1
  • 400x330 v2 copy

Trending