Sign up
Log in Sign up
Wed 24 Jun 2009, 08:22 GMT

Guangzhou expansion plans for bunker supplier


Petrochina JV eyes bunker supply partnership as agreement is signed to build South China's largest oil terminal.

China Marine Bunker (Petrochina) Co Ltd. intends to team up with a local firm on Xiaohu Island, Guangzhou, to supply around one million tonnes of marine fuel per year, according to industry sources.

The news follows reports that PetroChina International Co Ltd. signed an agreement on June 22nd with the management committee of Nansha District to build South China's largest oil terminal on the same island.

According to the agreement, the new oil facility will have a storage capacity of 765,000 cubic meters (cbm) and a wharf with a loading capacity of 80,000 tonnes.

China Marine Bunker, a joint venture between PetroChina and China Ocean Shipping (Group) Co (COSCO), is reportedly planning to establish the marine fuel supply partnership with a local company on Xiaohu Island in order to provide bunkering services to vessels calling at the new terminal.

Also on Xiaohu Island, China Petroleum Transportation Corp, a subsidiary of China National Petroleum Corporation (CNPC), and a local company are expected to launch a petrochemical logistics hub which will load around 500,000 tonnes of refined oil per month. The cost of the new facility is estimated at CNY 350 million(US$ 51 million) and it s expected to generate around CNY 350 million(US$ 51 million) in annual operating revenue.

Hapag-Lloyd and DSV logo side by side. Hapag-Lloyd and DSV sign 18,000-tonne CO2e reduction agreement for sustainable marine fuels  

Two-year framework allows inclusion of alternative fuels beyond biofuels in shipping decarbonisation partnership.
Bangkok city skyline. Uni-Fuels opens Thailand office as part of Southeast Asia expansion  

Marine fuel supplier establishes Bangkok entity, appoints managing director with 15 years’ industry experience.
Washington State Hybrid-Electric 160-Auto Ferry vessel render. Corvus Energy to supply battery systems for Washington State Ferries hybrid vessels  

ABB selects Corvus for two new 160-vehicle ferries as part of $3.98bn electrification plan.
Vinssen and Mana Engineering sign MoU. Vinssen, Mana Engineering partner on hydrogen fuel cell retrofit for 800-teu feeder vessel  

South Korean and Dutch firms to pursue Lloyd’s Register approval for hybrid retrofit concept.
Hercules Elisabeth vessel. Hercules Tanker Management takes delivery of second Ultra-Spec vessel in China  

Hercules Elisabeth is the second of 10 hybrid-ready tankers designed for alternative fuels.
Wolf 1 vessel. Petrol Ofisi launches fuel supply tanker Wolf 1  

Turkish bunker supplier adds 1,750-dwt vessel with alternative fuel infrastructure to fleet.
BIMCO meeting. BIMCO to convene for adoption of biofuel clause and ETS provisions at February meeting  

Documentary Committee to consider new contractual frameworks for alternative fuels and emission trading scheme compliance.
Sea Change II vessel render. Incat Crowther and Switch Maritime develop 150-passenger hydrogen ferry for New York  

Design work begins on 28-metre vessel with 720 kg hydrogen capacity and 25-knot speed.
Aerial view of a container vessel. HIF Global signs heads of agreement with German eFuel One for 100,000 tonnes of e-methanol annually  

Deal covers supply from HIF’s Uruguay project, with e-methanol meeting EU RED III standards.
Welcoming of Kota Odyssey at Jordan’s Aqaba Container Terminal. PIL’s LNG-powered vessel makes maiden call at Jordan’s Aqaba port  

Kota Odyssey is Pacific International Lines’ first LNG-fuelled ship to call at the Red Sea port.




 Recommended