<\/p>\n
SINGAPORE, Oct 14 (Reuters) \u2013 Sales of marine fuel from the Chinese port <\/span>of\u00a0Zhoushan<\/span>, the country\u2019s top supplier of shipping fuel, in first nine months of 2020 rose nearly 18% from a year earlier, a local government official said on Wednesday.<\/p>\n <\/p>\n Zhoushan <\/span>supplied 3.26 million tonnes of bonded marine fuel from January to September, the official said, declining to be identified since he is not a spokesman.<\/p>\n <\/p>\n China aims to build Zhoushan<\/span>, an archipelago city in east China\u2019s Zhejiang province, into a regional ship fuel hub to rival Singapore as the world\u2019s largest shipping, or bunker, fuel centre.<\/p>\n <\/p>\n But marine fuel demand took a hit during the first half of 2020 because of the coronavirus pandemic, recovering in the third quarter in part because of the more competitive prices offered at Zhoushan<\/span>, the official said.<\/p>\n <\/p>\n Zhoushan<\/span>\u2018s supplies, of mostly very-low sulfur fuel oil (VLSFO) that meet the International Maritime Organization\u2019s emission standards, were at parity to competing supplies in Singapore and $15-20 per tonne below South Korea, the official added.<\/p>\n <\/p>\n Chinese refineries began in January supplying VLSFO, with sulfur content capped at 0.5%, to the bonded marine fuel market along the country\u2019s coast, after Beijing offered tax incentives to boost local production.<\/p>\n <\/p>\n VSLFO export<\/span>s in August rose to 1.62 million tonnes, the highest this year, Chinese customs data showed last month.<\/p>\n <\/p>\n According to Chinese commodities consultancy JLC, Chinese oil refineries produced over 5 million tonnes of VLSFO between January and August, with the annual volume likely to hit 9 million tonnes.<\/p>\n <\/p>\n (Report<\/span>ing by Chen Aizhu; Editing by Christian Schmollinger)<\/p>\n <\/p>\n <em>(c) Copyright Thomson Reuters 2020.<\/em><\/p>\n <\/p>\n \u00a0<\/p>\n gCaptain<\/p>\n","protected":false},"excerpt":{"rendered":" SINGAPORE, Oct 14 (Reuters) \u2013 Sales of marine fuel from the Chinese port of\u00a0Zhoushan, the country\u2019s top supplier of shipping fuel, in first nine months of 2020 rose nearly 18% from a year earlier, a local government official said on Wednesday. Zhoushan supplied 3.26 million tonnes of bonded marine fuel from January to September, the …<\/p>\n","protected":false},"author":1,"featured_media":13980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[50,1218,2750,3926,1928,953,10637],"class_list":["post-19646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marine-world","tag-bunker","tag-chinas","tag-expansion","tag-hub","tag-plans","tag-port","tag-zhoushan"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/19646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=19646"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/19646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/13980"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=19646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=19646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=19646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}