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Zhoushan and Ningbo collaborate to allow ‘cross-port’ bonded bunkering operations

10 Mar 2022

The following article published by Manifold Times on 10 March 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:

Representatives from the shipping and transportation departments of Zhoushan and Ningbo recently signed the “Agreement on Mutual Recognition of Bonded Marine Fuel Oil Cross-port Supply” plan which is valid until 1 March 2023, according to the Zhoushan Shipping and Port Administration.

A total of 17 bonded marine fuel oil supply companies (14 in Zhoushan and 3 in Ningbo) will be allowed to carry out bunkering operations between the adjacent ports of Zhoushan and Ningbo, according to the plan.

The development builds upon an earlier “Five-Port Agreement” which plans for the cross-port supply of bonded bunker oil between other maritime facilities within the province.

Moving forward, the maritime transportation departments of Zhoushan and Ningbo will jointly establish a whitelist of bunker tankers which are allowed to carry out bunkering operations between both ports.

The operation will strengthen data sharing and business collaboration between both ports to ensure a healthy, stable and sustainable development of the bonded marine fuel oil supply industry at the China (Zhejiang) Pilot Free Trade Zone.

In 2021, Zhoushan’s bonded marine fuel supply reached 5.5217 million metric tons, a year-on- year increase of 16.89%.

Related: China: Digitalisation of Zhoushan port operations improves bunkering throughput
Related: China: Zhoushan bonded bunkering volume up 10% on year to 460,000 mt in January
Related: Emergence of China’s marine fuels industry challenges Singapore’s dominant position

 

Photo credit: Zhoushan Shipping and Port Administration
Published: 10 March, 2022

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