Connect with us

Business

JLC China Bunker Market Monthly Report (November, 2020)

Sales of bonded bunker fuel increased and prices soared in H2 November amid growing trades and economic activities in the upcoming winter season, it said.

Admin

Published

on

Screen Shot 2020 12 16 at 3.19.39 PM

Beijing-based commodity market information provider JLC Network Technology Co. on Wednesday (16 December) shared its JLC China Bunker monthly report for November with Manifold Times through an exclusive arrangement:

JLC China Bunker Market Monthly Report (November, 2020)

Highlights

Demand and Supply

Bunker Fuel Demand

Bonded bunker fuel sales rise in November

In November, China’s bonded bunker fuel sales rose to 1.45 million mt, JLC data showed. As the shipping market improved, sales of bonded bunker fuel increased in November amid growing trades and economic activities. Besides, as bonded bunker fuel prices soared in H2 November, end-user demand perked up amid bullish sentiments. Chimbusco and Sinopec sold about 593,700 mt and 622,000 mt of bonded bunker fuel, respectively. Bonded bunker fuel sales were about 40,200 mt for SinoBunker and 38,000 mt for China ChangJiang Bunker (Sinopec). New enterprises in the China (Zhejiang) Pilot Free Trade Zone sold 161,000 mt.

China’s bonded bunker fuel sales dropped to 1.33 million mt in October, down by 5.43% month on month, according to GAC data. In October, most Chinese ports were closed for bunkering service during the long holiday in early October and strong winds affected eastern port operation at the end of the month, which dampened demand. Specifically, bonded bunker fuel sales were 456,700 mt for Sinopec, 621,400 mt for Chimbusco, 39,300 mt for SinoBunker, 45,900 mt for China ChangJiang Bunker (Sinopec) and 168,200 mt for new enterprises in the China (Zhejiang) Pilot Free Trade Zone.

JLC 2

JLC 3

Domestic bunker fuel demand climbs in November

Domestic bunker fuel demand rose in November. End users' consumption of domestic-trade heavy bunker fuel was about 330,000 mt in the month, up by 40,000 mt from the previous month. The demand for light bunker fuel was 120,000 mt in November, up by 10,000 mt from October. Demand for coastal coal transport improved significantly in winter. Due to winter storage opportunities amid snows and falling temperature, domestic bunker fuel demand and freight rates rose on tight freight capacity. Besides, bunker fuel prices rose on the back of firm international crude prices and blendstock costs, sparking buying interest of downstream traders.

Bunker Fuel Supply

Bonded bunker fuel imports drop 10.3% in October 

China’s bonded bunker fuel imports were 632,000 mt in October, a drop of 10.3% month on month and a fall of 33.1% year on year, GAC data showed. Imports and exports businesses of some ports were closed for the National Day holiday in October, weighing down on bonded bunker fuel imports. In addition, overseas fuel oil production fell sharply due to large-scale unit maintenance of refineries in Europe. Arbitrage cargoes of fuel oil arriving at Asia fell to a low level and the overall bunker fuel supply in Asia tightened. Therefore, China's bonded bunker fuel imports dropped markedly in October.

Specifically, the largest import source for China was still Malaysia with 425,000 mt of bunker fuel. Imports from South Korea and Singapore were 85,000 mt and 40,000 mt respectively. The imports were 35,000 mt from Russia and 31,000 mt from Iraq. Besides, there were 16,000 mt of imports from Indonesia.

JLC 4

Domestic blended bunker fuel supply rises in November

Chinese blending producers supplied a total of around 350,000 mt of heavy bunker fuel in November, a rise of 30,000 mt or 9.375% month on month, JLC data showed. In November, low-sulfur residue oil supply rose amid rising downstream demand. As blendstock costs stayed high, blenders tended to raise their prices. Sales climbed on improving market sentiments amid slightly rising prices. Active buying interest and trades were seen in the market as shipping demand was pushed up amid firmer international crude prices. Light bunker fuel supply was about 130,000 mt, up by 10,000 from October as demand edged up.

JLC 5

JLC 6

JLC 7

JLC 8

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 specialise in providing transparent, high-value. authoritative market intelligence and professional analysis in commodity markets. Our expertise covers oil, gas. coal, chemical, plastic, rubber. fertilizer and metal industry, etc.

JLC China Bunker Oil Market Monthly Report is published by JLC Network Technology Co., Ltd every month on China bunker market’s, demand, supply, margin, freight index. forecast and so on. The report provides full-scale & concise insight into China’s 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 (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: 16 December, 2020

Continue Reading

Alternative Fuels

Singapore: MPA issues circular on resolutions adopted at IMO MSC 109

New circular informs shipping community of the resolutions, including on use of ammonia cargo as bunker fuel, and urges the shipping community to prepare for the implementation of these resolutions.

Admin

Published

on

By

RESIZED MPA stock photo, Singapore flag

The Maritime and Port Authority of Singapore (MPA) on Monday (17 March) issued Shipping Circular No. 2 of 2025 regarding resolutions adopted by the 109th session of the Maritime Safety Committee (MSC 109) of the International Maritime Organization (IMO), which was held from 2 to 6 December 2024:

This circular informs the shipping community of the resolutions adopted by MSC 109 and urges the shipping community to prepare for the implementation of these resolutions.

MSC 109 adopted the following mandatory resolutions:

Resolution MSC.566(109) – Amendments to the International Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk (IGC Code)

This resolution adopts amendments to Chapter 16 of the IGC Code, mainly to allow the use of ammonia cargo as fuel. The amendments will enter into force on 01 July 2026 and will be given effect through the Merchant Shipping (Safety Convention) Regulations.

Resolution MSC.567(109) – Amendments to the International Code of Safety for Ships using Gases or other Low-flashpoint Fuels (IGF Code)

This resolution adopts amendments to IGF Code regarding ship design and arrangements; general pipe design; safety functions of the gas supply system; fire protection; hazardous area zones; and ventilation requirements. The amendments will enter into force on 01 January 2028 and will be given effect through the Merchant Shipping (Safety Convention) Regulations.

MSC 109 also adopted the following resolutions:

Resolution MSC.568(109) – Amendments to the Revised recommendation on testing of life-saving appliances (resolution MSC.81(70))

This resolution adopts amendments to Part 1- Prototype Test for Life-saving Appliances, for self-righting test requirements of totally enclosed lifeboats, under paragraph 6.14.1.1 of the Revised recommendation on testing of life-saving appliances (resolution MSC.81(70)).

Resolution MSC.569(109) – Performance standards for the reception of maritime safety information and search and rescue related information by MF and HF digital navigational data (NAVDAT) system

This resolution adopts the Performance standards for the reception of maritime safety information and search and rescue related information by MF and HF digital NAVDAT system.

Resolution MSC.509(105)/REV.1 – Provision of radio services for the Global Maritime Distress and Safety System (GMDSS)

This resolution adopts the revised Recommendation on provision of radio services for the GMDSS, the Criteria for use when providing shore-based digital selective calling (DSC) facilities for use in the GMDSS, the Criteria for establishing GMDSS sea areas, the Criteria for use when providing a NAVTEX service and the Criteria for use when providing a NAVDAT service, set out in annexes 1 to 5, respectively, to the resolution. This resolution revokes resolution MSC.509(105).

Resolution MSC.570(109) – Performance standards for a universal shipborne Automatic Identification System (AIS)

This resolution adopts the revised Performance standards for a universal shipborne AIS, recognising the need for measures to prevent unauthorised entry or tampering of the ship's identity information in shipborne AIS.

Any queries relating to this circular should be directed to MPA Shipping Division via email at [email protected]

 

Photo credit: Maritime and Port Authority of Singapore
Published: 18 March, 2025

Continue Reading

Business

Singapore-based AET appoints Nick Potter as new President and CEO

Potter, who assumes the CEO role from Zahid Osman, also assumed the role of Vice President, Petroleum & Products at MISC Group, joining the MISC Executive Leadership Team.

Admin

Published

on

By

Singapore-based AET appoints Nick Potter as new President and CEO

Singapore-headquartered AET, MISC’s petroleum arm, on Monday (17 March) announced the appointment of Nick Potter as the new President and Chief Executive Officer (CEO) of the company. 

Potter also assumed the role of Vice President, Petroleum & Products at MISC Group, joining the MISC Executive Leadership Team. 

With over 35 years of experience in the maritime and energy sectors, Potter has led commercial, technical, and operational teams across the globe. He previously served as Head of Shipping and Maritime for Asia, Pacific, and the Middle East at Shell, and before that, as Global Head of Maritime at BG Group. 

His career began at sea as an Engineering Officer, before progressing through various roles at Shell and BG, giving him deep expertise in maritime logistics and the tanker business. 

Beyond his leadership roles, Potter is a strong advocate for energy transition, maritime talent development, and seafarer welfare. He has actively contributed to key industry bodies, including OCIMF, the Singapore Maritime Foundation, and the International Chamber of Shipping's Clean Energy Marine Hubs Task Force. 

Outgoing CEO Zahid Osman welcomed Potter in a symbolic leadership handover at AET’s headquarters, marking a new chapter in our journey. 

“As Zahid takes on his expanded leadership role as President & Group CEO at MISC, we look forward to continuing our close collaboration as part of MISC Group,” AET added.

 

Photo credit: AET
Published: 18 March, 2025

Continue Reading

Alternative Fuels

AAL Shipping names methanol-ready multipurpose heavy lift vessel in China

Singapore-based AAL Shipping says it held a naming ceremony for “AAL Dubai” – a multipurpose heavy lift vessel that is methanol-ready – at CSSC Huangpu-Wenchong Shipyard in Guangzhou.

Admin

Published

on

By

AAL Shipping names methanol-ready multipurpose heavy lift vessel in China

Singapore-headquartered project heavy lift carrier AAL Shipping (AAL) on Thursday (13 March) said it held a formal naming ceremony for its fifth Super B-Class vessel, AAL Dubai

The 32,000 dwt AAL Dubai – a multipurpose heavy lift vessel that is methanol-ready – was officially named on March 12 at the CSSC Huangpu-Wenchong Shipyard in Guangzhou, China.

The AAL Dubai is engineered to transport a vast array of cargo, including heavy lift project equipment, breakbulk, and dry bulk, all on a single voyage. With a combined lifting capacity of 700 tonnes, this vessel is designed to offer high efficiency, cargo flexibility, and economies of scale to shippers worldwide.

The vessel will now embark on its maiden voyage, joining sister vessels AAL Limassol, AAL Hamburg, AAL Houston, and AAL Antwerp in serving project cargo customers across Asia, Europe, the Middle East, and the Americas.

“We are now over the halfway mark with our Super B-Class deliveries, and those already in service are exceeding our expectations,” said Liew Teck Liong, Chief Financial Officer at AAL.

“With these vessels, we have achieved both company and industry firsts, and we look forward to redefining what a heavy lift, multipurpose vessel can accomplish as we deploy them for complex cargo challenges.”

Later this year, AAL will take delivery of the AAL Dammam, which will be shortly followed by the AAL Newcastle and AAL Mumbai that have an increased maximum heavy lift capability of 800 tonnes.

 

Photo credit: AAL Shipping
Published: 18 March, 2025

Continue Reading
Advertisement
  • Aderco Manifold Website Advert EN
  • Consort advertisement v2
  • EMF banner 400x330 slogan
  • v4Helmsman Gif Banner 01
  • RE 05 Lighthouse GIF
  • SBF2
  • Sea Trader & Sea Splendor
  • Zhoushan Bunker

OUR INDUSTRY PARTNERS

  • HL 2022 adv v1
  • Singfar advertisement final
  • Triton Bunkering advertisement v2
  • MFT 25 01 E Marine Logo Animation
  • SEAOIL 3+5 GIF


  • intrasea
  • Mokara Final
  • PSP Marine logo
  • NW Logo advertisement
  • MFA logo v2
  • 300 300
  • Energe Logo
  • Auramarine 01
  • Trillion Energy
  • Synergy Asia Bunkering logo MT
  • Advert Shipping Manifold resized1
  • VPS 2021 advertisement
  • LabTechnic

Trending