The following article published by Manifold Times on 14 February was sourced from China’s domestic market through a local correspondent. An online translation service was used in the production of the current editorial piece:
The PetroChina Guangdong Petrochemical Refining and Chemical Integration Project which is currently under construction along the province’s southern coast will now add low-sulphur marine fuel oil, in addition to clean gasoline, diesel and aviation kerosene products, to its production portfolio, reported China Economic Herald in January.
The development will improve the company’s product structure and assist in China’s carbon emissions reduction strategy.
Detailed design of the project has been currently completed, and construction of four new low-sulphur marine fuel oil storage tanks are scheduled to start in late February.
The total size of China’s domestic marine fuel oil bunkering market is expected to reach nearly 80 million metric tonnes (mt) in 2025, according to reports.
However, the total domestic supply for low sulphur marine fuel oil is currently 7.65 million mt.
The PetroChina Guangdong Petrochemical Refining and Chemical Integration Project is expected to produce about 2.6 million mt of low sulphur marine fuel oil per annum for supply into the local market when in operation.
In December 2021, Manifold Times reported the Chinese State Council giving permission for bonded bunkering operations to be carried out at Guangdong province.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.
Maersk, CMA CGM, BP and Stena Bulk give insights on availability of the three potential bunker fuel types, their plans, transition from fuel oil and LNG to alt fuels, how important sustainable marine fuels are to shipowners and more.