Shanghai Port hits bonded bunkering volume record of over 4 million mt

Shanghai Port delivered more than 4 million metric tonnes (mt) of bonded marine fuel oil to international vessels in 2024, according to China’s General Administration of Customs. 

The port reached 4.159 million mt, an increase of 20.4% year-on-year, setting a record high for the same period in history.

The milestone was reached after bunker barge Tong Yin 5006 completed the refuelling of vehicles carrier Dream Diva, under ZIM Integrated Shipping Services, with 1,500 mt of bonded fuel oil on 31 December. 

In order to enhance Shanghai’s global shipping resource allocation capabilities and reduce the cost of bonded bunkering for international ships, Shanghai Customs actively promoted the implementation of innovative policies such as “integration of the two warehouse functions” and “mixing and blending of bonded high and low fuel oils”, supported the expansion of bonded bunkering business, and helped the innovative development of Shanghai’s shipping services industry.

“Since 2024, the total amount of bonded fuel oil refuelled by our company has increased by more than 2.5 times year-on-year, and the export trade volume has exceeded 6 billion yuan,” said Wu Hao, manager of the bunkering business department of Shanghai Fuyuan Fuel Oil.

“Customs policies such as ‘integration of two warehouse functions’, ‘one ship, multiple supplies’, and ‘supply first, report later’ have saved us about 9 million yuan in various costs. We will pass on the cost savings to customers and attract more and more shipowners to choose to refuel at Shanghai Port.”

Photo credit: Siyuan Hu on Unsplash
Published: 6 January, 2025