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Qingdao Port welcomes first bunkering operation for large vessels in offshore area

15 May 2020

Disclaimer: An online translation service was used in the production of the current editorial piece.

Qingdao Port International Ltd. on Monday (11 May) said Sinopec’s bunker vessel Anshen 5 arrived at its Anchorage Area No. 3 to supply 1,600 metric tonnes of low sulphur marine fuel for large tanker New Vista.

This marks the first bunkering operation of large-scale ships in the offshore area of ​​Qingdao, it notes. 

In early February, the Ministry of Finance, the State Administration of Taxation and the General Administration of Customs jointly announced the implementation of an export tax rebate (exemption) policy for domestically produced fuel oil bunkered by international shipping vessels at China ’s coastal ports, with a VAT export rebate rate of 13%.

The policy provided significant benefits for the development of the local bunkering business, said the port. 

Qingdao port added it has shown support for companies who wish to gain market share in the IMO 2020 compliant bunkering business by upgrading its bunkering process to be more efficient – launching the industry into the ‘fast lane’. 

“The development of the bunkering of large vessels outside the anchorage area in Qingdao will attract more large ships to re-fuel with low sulphur marine oil. At the same time, shipping companies will receive preferential and convenient services, achieving a win-win situation for all parties,” it concluded.  

Photo credit: MarineTraffic / Derrick Pinington
Published: 15 May, 2020

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