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Zhoushan bunkering conference discusses marine fuel sector trends

Forum where more than 150 guests were invited was held at the Zhoushan International Conference Center on Wednesday (10 November).

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

The international shipping and oil industry gathered on Wednesday (10 November) at the Zhoushan International Conference Center to attend a conference focusing, amongst others, on the global marine fuel market development trends and solutions leading to IMO 2030 and IMO 2050, according to a report from the Zhoushan Bonded Ship Fuel Association. 

Affected by the epidemic, the forum used online viewing and communication for the first time, and invited more than 150 guests from well-known domestic and foreign oil and gas companies, as well as marine oil-related storage and transportation, trade, refining, maritime services, finance, and information consulting services. 

The development of the Chinese bonded marine fuel industry, low-carbon transition and discussions on how to develop and respond to the global marine fuel market leading up to IMO 2030/2050 took place at the event.

The content of the event was broadcasted live in both Chinese and English through CCTV, China News Network, Sina Weibo, and more.

The forum was hosted by China Shipowners Association, China Petroleum Circulation Association, Zhoushan Port Comprehensive Bonded Zone Management Committee, Zhejiang Seaport Investment Operation Group Co., Ltd., Zhoushan Bonded Ship Fuel Association, Sinopec Fuel Oil Sales Co., Ltd., PetroChina Fuel Oil Co., Ltd., China Marine Fuel Co., Ltd., Shanghai Futures Exchange, Fuel Oil Branch of Shanghai Petroleum Products Trade Association.

Conference

The forum started with a live presentation of the major reform achievements in the oil and gas field in Zhejiang Pilot Free Trade Zone focusing on the main business. 

Chen Lin, member of the Party Leadership Group of Zhoushan Municipal People’s Government, Secretary of the Party Working Committee and Director of the Management Committee of Zhoushan High-tech Industrial Park (Zhoushan Port Comprehensive Bonded Zone, Zhoushan Aviation Industrial Park), delivered a speech for the forum through a video connection. 

Sun Hougang, Executive Director of the Marine Fuel Industry Committee of the China Petroleum Circulation Association, announced the rankings of the Top Ten Global Ship Refueling Ports and Top Ten Global Ship Refueling Companies in 2020, and provided an introduction of the world’s top ten ship refueling ports and companies.  

Zhoushan Port’s refueling volume in 2020 reached 4.7 million tons, ranking sixth in the world, up two places from 2019. 

Wei Xiaohong, Deputy Secretary of the Party Working Committee, Deputy Director of the Management Committee of Zhoushan High-tech Industrial Park, and Deputy Director of the Management Committee of Zhoushan Port Comprehensive Bonded Zone, introduced to the guests developments of the Zhejiang Free Trade Pilot Zone in the Northeast Asia bonded marine fuel refueling center in the past year. 

He said China has made new achievements and new progress, and has put forward six major work measures for the next step of building  a world-class port.

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Keynote Speeches

In the keynote speech session, six guests from different fields brought forward an exchange of thoughts. 

Liu Zurong, executive director of Sinopec Fuel Oil Sales Co., Ltd., presented a video highlighting the development of Zhoushan’s marine fuel supply industry. 

The video showed that as an enterprise, Zhoushan was earlier unable to produce oil; today, the port is an integrated node within China’s entire oil and gas industry supply chain.

E Hongda, general manager of China Marine Fuel Co., Ltd., introduced the theme Global Marine Fuel Development Trends, Challenges and Opportunities.

He analysed the development status of the global marine fuel supply market together with challenges encountered by the marine fuel supply industry in the post-epidemic era, and predicted that China’s competitiveness in the global marine fuel supply market will continue to increase.

He forecast the global marine fuel supply market to move eastward under the background of sustainable trends and low carbon fuels and put forward development suggestions from the three aspects of the country, shipping companies, and oil supply companies.

Li Hui, Deputy General Manager of the Shanghai Futures Exchange, made a presentation on Building an Integrated Derivatives Market System for Low-Sulfur Fuel Oil Futures

The Shanghai Futures Exchange stated it has planned for a low-sulfur fuel oil futures pricing system to meet the different needs of enterprises in the industry chain.

Zhu Maijin, Director and General Manager of COSCO SHIPPING Energy Transportation Co., Ltd. shared the strategic choices of oil and gas shipowners under IMO 2030 and IMO 2050 and proposed from the customer’s perspective that low-carbon emission reduction and green projects are the only way for oil and gas shipowners to achieve sustainable development.

Karl Kleemeier, head of the regional oil market and joint region, at Argus Asia introduced the current market conditions of low-sulfur fuel oil price evaluation system in Asia from a global perspective, providing an effective reference for Zhoushan’s innovative breakthroughs and continuous improvement of the international competitiveness of the fuel supply market.

Ye Dongsheng, General Manager of ENN LNG (Singapore) Pte. Ltd. gave a speech on LNG helping the shipping industry to achieve IMO 2030 and IMO 2050. He also analysed the aspects of infrastructure, policy support, safety supervision, technological innovation, and Zhoushan’s advantages as an international refueling center.

 

Photo credit and source: Zhoushan Bonded Ship Fuel Association
Published: 12 November, 2021

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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