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China’s exports of clean marine fuels rose in December to a record since shipments began a year ago, taking 2020 exports of the ship fuel to 15.45 million tonnes, customs data showed on January 20, 2021.<\/p>\n
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Chinese oil refineries began exporting very low-sulphur fuel oil (VLSFO) in January to comply with emission rules set by the International Maritime Organization (IMO), after Beijing granted tax incentives to boost production and help create a regional bunkering hub.\u00a0<\/p>\n
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In December, exports of VLSFO, with a maximum sulphur content of 0.5%, were 2.47 million tonnes, data from the General Administration of Customs showed, nearly double the volume in November.<\/p>\n
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Fuel oil imports into bonded storage, which includes both high-sulphur and low-sulphur materials, were 1.03 million tonnes in December, steady to November, and annual imports totaled 11.48 million tonnes.<\/p>\n
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China has 16 licensed firms supplying bonded marine fuel along its coast, including about a dozen based in the eastern port of Zhoushan, the country’s top bunkering center. Despite a surge in domestic production, companies maintained imports of less expensive low-sulphur cargoes from Singapore for re-export.<\/p>\n
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In late December, China issued 5 million tonnes of clean marine fuel export quotas in the first release for 2021 to five companies, including private refiner Zhejiang Petrochemical Corp.<\/p>\n
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The table shows China’s fuel oil exports in metric tonnes. The exports section largely captures the VLSFO bunkering sales along its coast.<\/p>\n
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(Source: Reuters)<\/em><\/p>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" China’s exports of clean marine fuels rose in December to a record since shipments began a year ago, taking 2020 exports of the ship fuel to 15.45 million tonnes, customs data showed on January 20, 2021. Chinese oil refineries began exporting very low-sulphur fuel oil (VLSFO) in January to comply with emission rules set by …<\/p>\n","protected":false},"author":1,"featured_media":24747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[95,2469,1615,12351,1280,3680,531],"class_list":["post-24746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-china","tag-exports","tag-fuel","tag-heights","tag-hit","tag-lowsulphur","tag-marine"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/24746","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=24746"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/24746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/24747"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=24746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=24746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=24746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}