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Italy: Societa Anonima Raffinerie Sarde starts Cagliari bunkering ops

Refiner completes heaviest part of scheduled refinery maintenance programme in preparation for IMO 2020.

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Italian refiner Societa Anonima Raffinerie Sarde (SARAS) will be commencing bunkering operation at the Cagliari area from August onwards, it stated in the company’s second quarter (Q2) financial report.

The group posted net result of EUR 28.2 million (US $31.65 million) in Q2 2019, 52% lesser than net result of EUR 58.9 million in Q2 2018.

Revenue was EUR 2.59 billion during Q2 2019, 18% lower than revenue of EUR 3.17 billion recorded in Q2 2018.

SARAS has completed the heaviest part of a scheduled maintenance programme for its refinery in the first half of the year and is “ready to seize the opportunities deriving from the new IMO regulation”, it says.

Experts have also indicated a robust crack spread in the middle distillates market to further strengthen in the second half of the year when the effects of IMO 2020 start to emerge, in particular in the fourth quarter in conjunction with the preparation of the bunkering global supply logistics for the new legislation.

Moving forward, SARAS is expecting higher refining margins in the second half of the year partly due to IMO 2020, states Chairman Massimo Moratti.

“The results of the first half were influenced by the great volatility of the oil market, high prices of heavy crude and by a significant planned maintenance cycle that we have completed successfully and on time,” he says.

“We are ready, starting from the second half of the year, to fully benefit from a scenario that is expected to be more favourable, also thanks to improving refining margins and the first effects of the IMO legislation that will come into force on 1st January 2020, resulting in positive market conditions for high-conversion and integrated refineries like ours.

“We are proceeding swiftly in the implementation of the business plan: we sold service stations in Spain to Kuwait Petroleum on 25 July. We have obtained all the authorizations and we will soon start the direct sale of bunker fuels in the Cagliari area. We are also installing 9 new turbines at the Ulassai wind farm to expand its capacity by 30 MW, increasing our presence in renewable sources.”

Photo credit: Societa Anonima Raffinerie Sarde
Published: 6 August, 2019

 

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Bunker Fuel

Huanghua Port expands bunkering capabilities with dedicated fuel oil terminal

Previously, bunkering vessels serving Huanghua Port were required to replenish marine fuel oil at other ports, including Tianjin, before returning to carry out bunkering operations, often resulting in delays.

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Huanghua Port has strengthened its marine fuel supply infrastructure with the commissioning of its first dedicated, all-weather bunker terminal, a move aimed at improving vessel turnaround times and supporting growing shipping activity at the port, according to China-based news outlets on Thursday (11 June). 

On 9 June, bunker tanker Heng Feng You 165 completed fuel loading operations at the terminal in the Huanghua Port Comprehensive Port Area before proceeding to an anchorage to provide bunkering services to waiting cargo vessels.

According to local authorities, the new facility addresses a longstanding bottleneck in the port’s marine fuel supply chain. 

Yao Meichen, Deputy Director of the Cangzhou Municipal Ocean and Port Administration Bureau said bunkering vessels serving Huanghua Port were required to replenish marine fuel oil at other ports previously, including Tianjin, before returning to carry out bunkering operations, often resulting in delays for vessels awaiting bunkers.

As cargo throughput and vessel traffic have increased in recent years, the absence of a specialised bunker terminal became a constraint on port efficiency. To address the issue, local authorities invested RMB 266 million (USD 39 million) to develop Huanghua Port’s first dedicated marine fuel oil terminal and actively pursued regulatory approvals for both a domestic transfer export bonded warehouse and a liquid bonded storage facility.

The terminal, which entered service at the end of last year, features a dedicated 5,000-dwt berth and storage tanks with a combined capacity of 66,000 cubic metres. It has a designed annual throughput capacity of 820,000 tonnes and primarily handles marine gasoil as well as 120 CST and 180 CST fuel oils.

Authorities said the facility has been operating smoothly since its launch and is capable of ensuring a stable supply of bunker fuel for vessels calling at the port.

The bunkering infrastructure will be further enhanced following approval from Shijiazhuang Customs for the establishment of both the domestic transfer export bonded warehouse and liquid bonded storage facilities. The additions are expected to strengthen Huanghua Port’s ability to provide bunkering services to international-going vessels.

“The commissioning of the marine fuel oil terminal has completely changed the previous situation of off-site fuel supply and ships queuing for fuel, achieving benefits for both bunkering vessels and cargo ships,” said Dong Xianke, General Manager of Cangzhou Bohai New Area Gangkun Marine Fuel Co., Ltd., the terminal’s operator.

 

Photo credit: David Yu from Pixabay
Published: 16 June, 2026

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Methanol

China: Chimbusco takes delivery of new methanol bunkering vessel in Zhoushan

Company says commissioning of “Zhong Ran LV Neng 85” will further enhance its service capabilities in green methanol bunkering in major domestic ports.

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Chimbusco takes delivery of new methanol bunkering vessel in Zhoushan

China Marine Bunker (PetroChina) (Chimbusco) recently took delivery of its first bunkering vessel in China to deliver methanol to dual-fuel ships.

The 8,500-dwt duplex stainless steel chemical tanker Zhong Ran LV Neng 85 was successfully delivered in Zhoushan.

The company said the commissioning of this new ship will further enhance Chimbusco’s service capabilities in green methanol bunkering in major domestic ports and expand its national marine new energy service and support network

During the delivery period, Chimbusco said it focused on safe operations and conducted special training for all crew members of the vessel.

The training covered methanol bunkering operation specifications, prevention of collisions between commercial and fishing vessels, daily vessel reporting, and voyage report filling standards.

Manifold Times previously reported the launching of the bunkering vessel at Taizhou Fangzhen Shipbuilding Wharf in Zhejiang.

The floating out of the ship comes after Chimbusco has obtained methanol bunkering licences for Shanghai Port and Ningbo Port.

Related: Chimbusco launches new methanol bunkering vessel in Zhejiang

 

Photo credit: China Marine Bunker (PetroChina) (Chimbusco)
Published: 16 June, 2026

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LNG Bunkering

CCEC and CMA CGM form joint venture to build and operate LNG bunkering vessel

Each party will hold a 50% ownership stake in the joint venture, which has been established for the purpose of constructing, chartering, and operating one 20,000 cbm dual-fuel LNG bunkering vessel.

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Capital Clean Energy Carriers Corp. (CCEC), an international owner of ocean-going gas vessels, on Friday (12 June) announced the formation of a joint venture company with CMA CGM. 

Each party will hold a 50% ownership stake in the joint venture, which has been established for the purpose of constructing, chartering, and operating one 20,000 cbm dual-fuel LNG bunkering vessel. 

The joint venture marks CCEC’s entry into the LNG bunkering segment, the company’s first vessel dedicated to marine fuel supply.

In connection with this transaction, the joint venture has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) for the construction of the vessel at a contract price of USD 82.8 million, with delivery expected in the third quarter of 2028.

Incorporating the latest technologies, the vessel is designed to enable safe and reliable LNG transfers across a wide range of operating conditions. Advanced emissions reduction systems, combined with highly efficient dual-fuel power generation, are designed to help the vessel meet applicable environmental standards of the global shipping industry.

In addition, the joint venture is expected to enter into a 12-year time charter with a joint venture company formed between CMA CGM and TotalEnergies, commencing upon delivery of the vessel from the shipyard.

Jerry Kalogiratos, CEO of Capital Clean Energy Carriers, commented: “This joint venture marks CCEC’s entry into LNG bunkering — a natural extension of our gas platform from carriage into marine fuel supply. 

“Working alongside counterparties of the calibre of CMA CGM and TotalEnergies, we can help build the infrastructure that allows LNG to deliver a cleaner emissions profile, alongside security and diversity of supply, while opening a new, long-term contracted revenue stream for the Company through the Joint Venture.”

Christine Cabau, Executive Vice President Operations and Assets of CMA CGM, said: “Together with Capital Clean Energy Carriers and TotalEnergies, we are committed to building a reliable and high-performance LNG bunkering supply chain, which is essential to ensuring the availability and reliability of fuels such as LNG that represent the first step in the decarbonization of our industry.”

 

Photo credit: Scott Graham
Published: 16 June, 2026

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