Business

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).

Published

5 years ago

November 12, 2021

Admin

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.

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

Business

FLEX Commodities appoints Euwyn Tan as Senior Marine Fuels Trader in Singapore

Tan has experience across the marine fuels, bunkering and shipping markets, with a strong background in trading, procurement, commercial negotiations and developing relationships.

Published

22 hours ago

September 8, 2026

Admin

FLEX Commodities appoints Euwyn Tan as Senior Marine Fuels Trader in Singapore

Dubai-based bunker trading firm FLEX Commodities FZCO (FLEX) on Monday (7 September) announced the appointment of Euwyn Tan as its Senior Marine Fuels Trader based in Singapore.

Tan has experience across the marine fuels, bunkering and shipping markets, with a strong background in trading, procurement, commercial negotiations and developing relationships with shipowners and charterers across Asia and Europe.

Before FLEX, he was a Bunker Trading Manager in Propeller Fuels from 2023 to this month.

“Based in Singapore, Euwyn will play an important role in strengthening FLEX Commodities’ marine fuels trading capabilities and expanding our presence across the Asian market,” the company said in a social media post.

“We are delighted to have Euwyn on board and look forward to his contribution as we continue to grow our global trading business.”

Photo credit: FLEX Commodities
Published: 8 September, 2026

LNG Bunkering

Osaka Gas conducts Osaka Bay’s first STS LNG bunkering operation

Acting through Singapore-based marine fuel trading firm Integr8 Fuels, Osaka Gas supplied LNG bunker fuel to an LNG-fuelled PCTC operated by an overseas shipping company calling at the Port of Kobe.

Published

22 hours ago

September 8, 2026

Admin

Osaka Gas conducts Osaka Bay’s first STS LNG bunkering operation

Japanese energy company Osaka Gas on Friday (4 September) said it has successfully completed the first-ever ship-to-ship LNG bunkering operation in Osaka Bay, supplying LNG fuel to an LNG-fuelled PCTC.

The operation was conducted using SETO AZURE, an LNG bunkering vessel owned by Osaka Bay LNG Shipping Co Ltd, an affiliated company of Osaka Gas.

Acting through Integr8 Fuels Pte Ltd, a Singapore-based marine fuel trading company, Osaka Gas supplied LNG fuel to an LNG-fuelled PCTC operated by an overseas shipping company calling at the Port of Kobe.

Ship-to-ship bunkering will help ensure a stable supply of LNG fuel in the Osaka Bay area and support the development of the Port of Kobe as a Carbon Neutral Port.

In addition to ship-to-ship bunkering, Osaka Gas provides LNG fuel through truck-to-ship bunkering and port-to-ship bunkering. With capability covering all three major LNG bunkering methods, Osaka Gas provides flexible and reliable LNG fuel supply services to meet customers’ diverse needs.

The company said LNG bunkering infrastructure in Japan remains insufficient, highlighting the need to establish a stable fuel supply network to support the wider adoption of LNG-fuelled vessels.

Photo credit: Osaka Gas
Published: 8 September, 2026

Bunker Fuel

Bunker Holding, Dan-Bunkering to join USTC units at new Copenhagen hub

Employees from Bunker Holding, Dan-Bunkering, Global Risk Management, CM Biomass, Unit IT, Uni-Tankers, Selfinvest, and USTC will all be based together in a new shared USTC Hub.

Published

22 hours ago

September 8, 2026

Admin

Bunker Holding, Dan-Bunkering to join USTC companies at new Copenhagen hub

The owners and management of Danish-owned USTC have decided to consolidate the Group’s offices in the Greater Copenhagen area in a new shared USTC Hub, according to the Group on Monday (7 September).

Employees from Bunker Holding, Dan-Bunkering, Global Risk Management, CM Biomass, Unit IT, Uni-Tankers, Selfinvest, and USTC will all be based together in the new USTC Hub.

The lease will take effect on 1 December 2026, with employees and companies moving into the new hub in phases thereafter.

The chosen location is the brand-new Marmormolen development in Nordhavn, which will accommodate more than 150 workstations from across the Group’s companies under one roof.

The USTC Hub will provide better opportunities for the companies to connect and make the most of the possibilities that arise when independent businesses work in closer proximity. In that sense, the hub is a tangible expression of USTC’s approach: strong business acumen, a sense of cohesion and a keen eye for opportunities across the Group.

“In locations such as Houston and Singapore, we already have USTC Hubs where several of our companies are based together. This has created strong professional communities and valuable synergies across our organisation. We have therefore wanted to establish a similar concept in Copenhagen for some time. At the same time, the experience gained from our existing hubs will help us assess opportunities for additional hubs in other parts of the world where they make sound business sense,” said Nina Østergaard, co-owner and CEO of USTC.

The USTC Hub will span more than 3,000 square metres on the sixth floor of Marmormolen and will offer access to rooftop terraces as well as a range of shared facilities. This will provide an ideal setting for both formal and informal interactions across companies and teams.

According to Østergaard, however, the ambition is not to make the companies more alike.

“The hub is intended to be a platform for closer collaboration and knowledge sharing, but the aim is not to make our companies the same. Quite the opposite. Their differences are an important part of our strength. Each company has its own capabilities and direction. But by bringing people closer together, we create better opportunities to learn from each other, build bridges and make better use of the strengths that exist across our organisation,” said Østergaard.

The establishment of the USTC Hub will also support USTC’s ambitions for continued growth while creating a more attractive professional environment for employees.

“We are a Danish Group with offices around the world, and we have ambitions to continue developing. That makes it important for us to have a strong base in Copenhagen. It brings us closer to businesses, professional communities and some of the capabilities we will need in the future. At the same time, it gives us a stronger hand when it comes to attracting talented people,” said Østergaard.

“Our companies should, of course, retain their own identity. But it is equally important that there is something that connects us. To me, that includes strong business acumen, a sense of responsibility, keeping the distance from idea to action short, and staying close to the business.”

Photo credit: USTC
Published: 8 September, 2026