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Guangzhou unveils grand plans for its bonded bunkering sector at launch event

Guangzhou, Shenzhen and Hong Kong plans to develop a “super bunkering hub” in the Guangdong-Hong Kong-Macao Greater Bay Area, says official.
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Editor’s Note [12 April 2022]: Article updated to reflect the correct English company name of 广州元亨仓储有限公司, which is Guangzhou Circle Storage Co., Ltd.

The following article published by Manifold Times on 8 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:

About 250 delegates attended the Guangzhou International Voyage Vessel Bonded Oil Bunkering Launch Event and International Oil Merchant Cooperation and Development Conference at the Guangzhou Yuexiu International Conference Center on 28 February.

The meeting was presided by Deng Maoying, Deputy Secretary General of the Municipal Government, and other Chinese officials who celebrated the increasing momentum of Guangzhou’s bunkering sector which received further support from the China’s central government in 2021.

Hong Qian, Director of the Municipal Bureau of Commerce, and Dong Ke, the Mayor of Nansha District, met with Guangzhou Circle Storage Co., Ltd. [广州元亨仓储有限公司] Guangzhou Yuanheng Warehousing Co., Ltd. and Guangzhou Development Bipi Oil Products which have been approved to carry out bonded bunkering operations for ships on international voyages.

A total of seven bonded bunker oil-related projects with a contract value of RMB 1.3 billion (USD 210 million) was signed at the event.

The China (Guangzhou) International Trade “Single Window” Information Service Platform for Bunker Fuel Supply for International Navigation Vessels, and an exclusive “Bunker Insurance” service provided by the Bank of China Guangzhou Branch were also simultaneously launched.

China Shipowners Association welcomes development

Bonded bunkering operations are an important indicator to measure the internationalisation level and supporting service level of the port, according to Zhang Shouguo, Executive Vice President of the China Shipowners Association.

The Guangdong-Hong Kong-Macao Greater Bay Area has the largest seaport group and airport group in the world. In 2021, Guangdong Province strongly supported Guangzhou City by implementing a pilot project to license bonded marine fuel operations. The development will promote bonded bunkering operations in the Guangdong-Hong Kong-Macao Greater Bay Area.

On 18 February 2022, the “Notice of the General Office of the Guangzhou Municipal People’s Government on Printing and Distributing the Interim Measures for the Administration of Bonded Bunkering of Ships on International Voyages in Guangzhou” was officially issued.

This marked the official launch of Guangzhou’s pilot program for undertaking bunkering licenses for ships on international voyages. Enterprises can apply to Guangzhou to carry out bonded bunkering business for ships on international voyages, and carry out direct supply of bonded oil within the scope of Guangdong Province.

“Ship bonded oil bunkering operations, which coordinate the direct supply business of bonded oil in cross-customs areas in the waters of the province, will help accelerate the development of the international shipping industry in the Guangdong-Hong Kong-Macao Greater Bay Area,” stated Huang Xin.

Construction of “super bunkering hub” in Guangdong-Hong Kong-Macao Greater Bay Area

Chen Jie, Deputy Mayor and Secretary General of Guangzhou City, said Guangzhou will firmly grasp the opportunity of the pilot project which allowed the provincial government to directly offer bonded bunkering licenses to oil companies.

Next, Guangzhou will work together with Shenzhen and Hong Kong to promote the development of a “super bunkering hub” in the Guangdong-Hong Kong-Macao Greater Bay Area to further optimise the region’s bonded marine oil market structure.

Dong Ke, the Mayor of Nansha District, said it has issued supporting policies to subsidise the rental of oil storage tanks in Nansha District and partially finance the installation of bonded bunker fuel supply monitoring facilities and information management systems to reduce operating costs for new bonded oil supply enterprises.

In addition, Nansha Customs has implemented business models such as paperless customs declarations and “reporting after supply” to improve the efficiency of bunkering operations.

It is also actively exploring various supervision modes such as “multiple supply from one ship” and “separate declaration” for outside port bunkering operations, amongst others, in order to enhance the business flexibility of bonded oil supply enterprises and improve the utilisation rate of local oil depots.

Related: China: Bonded bunkering and oil conference held at Guangzhou in late February
Related: China: Guangzhou issues bonded bunkering business licences to two local players
Related: China: Guangzhou approves “Interim Measures” for more bonded bunkering firms
Related: PetroChina Guangdong project to add 2.6 million mt of low sulphur marine fuel capacity
Related: China: Guangzhou bunkering volumes up 183% YTD on policy improvements
Related: Emergence of China’s marine fuels industry challenges Singapore’s dominant position
Related: Chinese government issues bonded bunkering permission at Guangzhou port

 

Photo credit: Loeng Lig on Unsplash
Published: 8 March, 2022

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Legal

Singapore: Bunker Partner succeeds in High Court bid to wind up Victory Shipping

Estonia-based marine fuels and commodities trading company Bunker Partner filed a winding up application against Victory Shipping on 13 April.

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Singapore: Estonian firm Bunker Partner files bid to wind up of Victory Shipping

The High Court of Singapore granted a winding up order against Victory Shipping Pte Ltd on 12 June, according to a Thursday (25 June) notice on the Government Gazette. 

The winding up application was filed by Estonia-based marine fuels and commodities trading company Bunker Partner on 13 April.

Victory Shipping, with representations in Malaysia, India and the U.A.E., operates dry bulk shipping contracts around the globe with voyages performed mainly in the Middle East and Southeast Asia.

The winding up order also included the following name and address of a liquidator:

Mr Farooq Ahmad Mann
C/o M/s Mann & Associates PAC
3 Shenton Way #03-06C
Shenton House
Singapore 068805

The notice noted that all creditors of the Victory Shipping should file their proof of debt with the liquidator who will be administering all the affairs of the company. 

Manifold Times previously reported a virtual hearing between Victory Shipping and Integr8 Fuels Pte Ltd, organised by the High Court of the Republic of Singapore.

The event was to set aside a statutory demand served on 3 October 2025 by Integr8 Fuels lawyers under Section 125(2)(c) and Section 10 of the Insolvency, Restructuring and Dissolution Act 2018 (IRDA) against Victory Shipping, according to court documents obtained by the bunkering publication.

Integr8 Fuels provides bunker trading and brokerage services to shipowners and operators that enables them to optimise fuel procurement.

Related: Singapore: Court to hear Bunker Partner’s winding-up bid against Victory Shipping on 12 June
Related: Singapore: Estonian firm Bunker Partner files bid to wind up Victory Shipping
Related: Singapore: Victory Shipping aiming to set aside bankruptcy court process from Integr8 Fuels

 

Photo credit: Manifold Times
Published: 26 June, 2026

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FuelEU

Hafnia Pools surpasses 170 vessels, achieves FuelEU Maritime compliance

In announcing the company’s Q1 2026 financial results, it said five vessels joined Hafnia Pools during the first quarter of the year, bringing the total number of Pool Partners to 24 across segments.
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Hafnia Pools surpasses 170 vessels, achieves FuelEU Maritime compliance

Singapore-headquartered tanker operator Hafnia on Wednesday (24 June) the company closed Q1 2026 with more than 170 vessels trading across its pool platform.

In announcing the company’s Q1 2026 financial results, it said five vessels joined Hafnia Pools during the first quarter of the year, bringing the total number of Pool Partners to 24 across segments.

Since November 2025, vessels entering the Pools have had an average age of six years or younger, further strengthening the competitiveness and earnings capability of the platform. 

This continued inflow of modern tonnage supports Hafnia’s focus on maintaining an efficient and attractive fleet profile, while enhancing the long-term value proposition for Pool Partners.

In Hafnia’s MR Pool, six owners now each have three or more vessels committed.

During Q1 2026, Hafnia Pools successfully met the EU’s FuelEU Maritime requirements for 2025. Across the Pool, 108 vessels collectively exceeded the emissions limits; however, by working together under a “pooling” system, this was balanced out. By using cleaner vessels, biofuel, and purchased emissions credits, the Pools avoided penalties and achieved meaningful cost savings for partners.

This outcome reflects strong collaboration across Hafnia’s commercial, operational, and compliance teams, as well as constructive engagement with all Document of Compliance holders as regulations such as FuelEU come into full force.

In June 2026, Hafnia Pools further strengthened Partner engagement and alignment through its bi-annual Pool Board meeting, taking place during Posidonia in Greece.

Peter Kolding, VP Chartering Regional Trades & Pool Management, said: “As we move further into 2026, our focus remains on delivering consistent commercial results, strengthening the value proposition for all Pool Partners, and continuing to build on the close cooperation between our Chartering and Operations teams that underpins the success of the Hafnia Pools.

“I am encouraged to see that our commercial performance and efforts in staying close to our partners are paying off as we enjoy growing support from many of those same partners. It indicates that we are on the right path and energizes us to continue doing everything we can to improve even further.”

 

Photo credit: Hafnia
Published: 26 June, 2026

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Digital platform

VPS debuts VeriSphere Webshop, enhancing digital access to marine fuel solutions

Key addition is the MySurveys application, designed to support bunker quantity survey processes by providing detailed insights into quantity losses, density variations, and bunkering performance.
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VPS debuts VeriSphere Webshop, enhancing digital access to marine fuel solutions

Marine fuels testing company VPS on Thursday (25 June) announced the launch of its VeriSphere Webshop, a major step forward in the evolution of its digital platform and customer experience.

The new webshop provides customers with direct, self-service access to a growing portfolio of VPS products and services, including digital applications, Application Programming Interfaces (APIs) and sampling equipment; enabling faster, more flexible engagement with VPS’s global offerings.

The VeriSphere Webshop has been designed to simplify how shipowners, operators, and stakeholders across the marine fuel value chain, access critical tools and data. Through a streamlined interface, users can:

  • Browse and subscribe to VPS digital applications
  • Purchase services and products directly online
  • Discover complementary solutions tailored to their operational needs from VPS as well as its ecosystem partners

Alongside the launch of the webshop module, VPS continues to expand the capabilities of its VeriSphere platform, introducing new applications and enhancing existing solutions to deliver deeper operational insights.

A key addition is the MySurveys application, designed to support bunker quantity survey processes by providing detailed insights into quantity losses, density variations, and bunkering performance. This capability represents an important step in the digitalisation of traditionally manual survey processes, enabling greater transparency and benchmarking across operations.

Further enhancements across the platform reinforce VPS’s commitment to delivering actionable, data-driven insights across fuel quality, equipment performance, and operational risk management.

With continuous improvements to applications such as PortStats and the broader VeriSphere suite, VPS is enabling customers to move beyond static reporting toward pro-active operational intelligence.

By combining its extensive global fuel quality database with advanced analytics and digital delivery, VPS aims to empowere its customers to identify risks early, optimise fuel performance, simplify compliance and improve operational efficiency.

Dr. Malcolm Cooper, CEO at VPS, said: “The launch of the VeriSphere Webshop marks an important milestone in our digital journey.

“We are making it easier than ever for our customers to access the data, insights, and tools they need, when they need them. As the maritime industry continues to evolve, our focus is on delivering scalable, digital solutions that drive better decision-making, improve operational performance of vessels, prevent downtime and support the transition towards more sustainable maritime operations.”

VPS added that the VeriSphere Platform will continue to evolve with an expanding portfolio of products, services, and ecosystem partnerships.

Related: VPS unveils digital bunker fuel and emissions platform Verisphere

 

Photo credit: VPS
Published: 26 June, 2026

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