Connect with us

Bunker Fuel

JLC China Bunker Market Monthly Report (January 2026)

China sold roughly 1.82 million mt of bonded bunker fuel in January 2026, with the daily sales at 58,587 mt, up by 0.04% month on month and 10.95% year on year, JLC’s data shows.

Admin

Published

on

JLC China Bunker Market Monthly Report (January 2026) Highlights

Beijing-based commodity market information provider JLC Network Technology Co. recently shared its JLC China Bunker monthly report for January 2026 with Manifold Times through an exclusive arrangement:

Bunker Fuel Demand

China’s bonded bunker fuel sales inch up in January

China sold roughly 1.82 million mt of bonded bunker fuel in January 2026, with the daily sales at 58,587 mt, up by 0.04% month on month and 10.95% year on year, JLC’s data shows.

The global shipping industry performed well in January, as shipowners began to replenish stocks for the Spring Festival and some new ships came into use.

Regarding the sales by supplier, the sales by Chimbusco, Sinopec (Zhoushan), SinoBunker, and China Changjiang Bunker (Sinopec) respectively settled at 500,000 mt, 625,000 mt, 50,000 mt, and 15,000 mt in the month, while those by suppliers with regional bunkering licenses settled at 626,200 mt.

China’s LSFO output rebounds slightly in January 2026

China’s LSFO output rebounded in January 2026, as PetroChina raised its refineries’ production amid new export quotas.

Chinese refiners produced 825,000 mt of LSFO in the month, with the daily output at 26,613 mt, up by 0.98% month on month, JLC’s data shows.

PetroChina’s LSFO output grew in the month, as several refineries, including Jinzhou Petrochemical and Jinxi Petrochemical, boosted their production after obtaining new export quotas. However, LSFO production by Dalian Petrochemical, Liaoyang Petrochemical, Gaofu Refinery , Sichuan Petrochemical, and Guangdong Petrochemical remained suspended.

By contrast, Sinopec’s LSFO output declined in the month, as Zhenhai Refining and Chemical, Shanghai Petrochemical, and Shanghai Gaoqiao Petrochemical suspended their production. Despite a month-on-month drop, the output of Qingdao Petrochemical and Shengli Oilfield was still relatively high.

CNOOC also recorded a slip in its LSFO production, with Zhongjie Petrochemical and Zhoushan Petrochemical suspending production. However, T aizhou Petrochemical resumed production, and Huizhou Refinery raised its output.

ZPC and Sinochem did not produce any LSFO in January, and the latter did not export any LSFO amid maintenance.

Screenshot 2026 02 12 at 12.38.40 PM

Screenshot 2026 02 12 at 12.38.49 PM

Domestic-trade heavy bunker fuel demand grows in January

Domestic-trade heavy bunker fuel demand grew in January, mainly because of pre-holiday restocking.

The demand settled at 360,000 mt in January, an increase of 10,000 mt or 2.86% month on month, JLC’s data shows.

However, the demand growth was relatively modest, as the operation of some ports was hindered by strong winds and snow in early January.

Domestic-trade light bunker fuel demand stood at 150,000 mt in the month, unchanged from a month earlier, the data indicates. MGO demand was still seasonally tepid.

Bunker Fuel Supply

China’s bonded bunker fuel imports hit 12-month high in Dec 2025

China’s bonded bunker fuel imports hit a 12-month high in December 2025, mainly due to tightening supply of LSFO in the country.

Chinese bunker suppliers imported 848,300 mt of bonded bunker fuel in the month, rising by 5.25% month on month, JLC’s calculations show, based on the GACC data. The imports reached the highest level since December 2024.

Bonded distributors boosted their LSFO imports to meet bunkering demand when domestic production plunged rapidly amid export quota tightness. Meanwhile, their imports of MGO increased slightly.

In addition, the arrivals of HSFO stayed relatively high in the month, as HSFO bunkering still had economic benefits.

Regarding the imports by source, Singapore ranked first among all suppliers with 301,800 mt, accounting for 35.58% of China’s total imports. Malaysia came second with 195,900 mt, accounting for 23.09%, while South Korea ranked third with 170,400 mt, taking 20.09%. Russia ranked fourth with 164,500 mt, occupying 19.39%, followed by Japan, with 15,700 mt, accounting for 1.85%.

On a year-on-year comparison, however, China’s bonded bunker fuel imports tumbled by 22.49% in December 2025, calculations show. The imports exceeded 1 million mt and hit a 4-year high in December 2024.

China’s bonded bunker fuel imports totaled 7.05 million mt in 2025, soaring by 16.76% from the prior year, calculations also indicate.

Screenshot 2026 02 12 at 12.39.07 PM

Domestic-trade heavy bunker fuel supply rallies in January

Domestic-trade heavy bunker fuel supply rallied in January 2026, as the availability of low-sulfur residual  oil increased and downstream buying interest grew amid the approach of the Chinese New Year holiday.

Chinese blenders supplied about 360,000 mt of domestic-trade heavy bunker fuel in the month, a boost of 20,000 mt or 5.88% from the previous month, JLC’s data shows.

Domestic-trade MGO supply settled at 180,000 mt in January, still stable month on month, the data shows.

Screenshot 2026 02 12 at 12.39.23 PM

Bunker Prices, Profits

Screenshot 2026 02 12 at 12.40.04 PM

Editor
Yvette Luo
+86-020-38834382
[email protected]

Sales (Beijing)
Tony Tang
+86-10-84428863
[email protected]

Sales (Singapore)
Ginny Teo
+65-31571254
[email protected]
[email protected]

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 Market Monthly Report (December 2025)
Related: JLC China Bunker Market Monthly Report (November 2025)
Related: JLC China Bunker Fuel Market Monthly Report (October 2025)
Related: JLC China Bunker Fuel Market Monthly Report (September 2025)
Related: JLC China Bunker Fuel Market Monthly Report (July 2025)
Related: JLC China Bunker Fuel Market Monthly Report (June 2025)
Related: JLC China Bunker Fuel Market Monthly Report (May 2025)
Related: [Updated 15 May] JLC China Bunker Market Monthly Report (April 2025)
Related: JLC China Bunker Market Monthly Report (February 2025)
Related: JLC China Bunker Fuel Market Monthly Report (January 2025)
Related: JLC China Bunker Fuel Market Monthly Report (December 2024)
Related: JLC China Bunker Fuel Market Monthly Report (November 2024)
Related: JLC China Bunker Fuel Market Monthly Report (October 2024)
Related: JLC China Bunker Fuel Market Monthly Report (September 2024)
Related: JLC China Bunker Fuel Market Monthly Report (August 2024)
Related: JLC China Bunker Fuel Market Monthly Report (July 2024)
Related: JLC China Bunker Fuel Market Monthly Report (June 2024)
Related: JLC China Bunker Fuel Market Monthly Report (May 2024)
Related: JLC China Bunker Market Monthly Report (April 2024)
Related: JLC China Bunker Market Monthly Report (March 2024)
Related: JLC China Bunker Fuel Market Monthly Report (February 2024)
Related: JLC China Bunker Market Monthly Report (January 2024)

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: 12 February, 2026

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading
Advertisement

OUR INDUSTRY PARTNERS



Trending