【Haichuan Chemical Salary News】Sinopec’s Global Ship Fuel Supply Center has been established in Zhoushan, and it will supply low-sulfur marine fuel to the market
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According to multiple reports ----------------- Sinopec’s Global Ship Fueling Business Center is established in Zhoushan 2018-10-16 08:24:30 Source: Zhoushan Evening News Editor: International Ship Network I have something to say. Recently, Sinopec Zhejiang Zhoushan Petroleum Co., Ltd. has been busy preparing for the second World Oil Traders Conference. On June 11 last year, Sinopec’s Global Ship Fueling Business Center was relocated from Beijing and Shanghai to Zhoushan, becoming the headquarters of a major global oil company to be established in the Zhejiang Free Trade Pilot Zone ahead of and following the first World Oil Traders Conference. Now, she will once again attend this global event in the oil and gas industry, carrying the shared hopes of many oil companies. Sinopec supplies 40% of the fuel for ships across the country. \"There are currently over 30 employees here, and our business in Zhoushan is progressing very well.\" ”From the office of Cheng Anxiang, deputy general manager of Sinopec Zhejiang Zhoushan Petroleum Co., Ltd., the Putuo Banshengdong oil depot of Sinopec can be seen at a glance. “A domestic trade ship has just finished unloading oil, and a ship loaded with duty-free oil is about to dock as well. ”Cheng Anxiang pointed to the busy oil terminal and said that Sinopec’s ship fuel supply volume is expected to exceed 5 million tons this year, compared to 3.9 million tons for the entire previous year. Cheng Anxiang explained that in 2010, the total volume of fuel supply services provided by Sinopec for ships was only 10,000 tons per month; yet within just 8 years, this figure rose to 450,000 tons per month. Its share in China’s ship fuel supply market also increased from single digits to the current level of 42% to 45%. Cheng Anxiang said that thanks to the favorable business environment and policy advantages of the Zhejiang Free Trade Pilot Zone, Zhoushan’s ship fuel supply business accounts for nearly 40% of Sinopec’s total national operations. For this reason, on June 11 this year, Sinopec decided to merge its original sales and procurement centers located in Beijing and Shanghai, and to relocate the Global Ship Fueling Business Center, which is responsible for planning Sinopec’s global ship fueling network, developing global markets, and expanding global channels, to Zhoushan. This decision also drove a rapid increase in the ship fuel supply business in Zhoushan. 4 million tons of oil are settled in Zhoushan each year. \"Just on the 9th of this month, we supplied 7,000 tons of duty-free fuel to an international bulk carrier weighing 400,000 tons at the Shuilanghu mineral sand terminal in Qushan. This was done in just over a dozen hours, setting a record for Sinopec and representing something rare even among companies in the same industry across the country.\" ”Cheng Anxiang’s face was filled with pride. “This is the policy advantage of our Zhejiang Free Trade Pilot Zone. In the past, we never even dared to think that it could be done so easily; even handling the necessary procedures might take a whole day. ”Cheng Anxiang said that to handle such a \"large volume\" of business, the headquarters only keeps a few people on duty, and the shipowners are very satisfied with the service provided by the company. At the other end of the office, sales manager Qiu Changliang effortlessly monitored Sinopec’s global ship fueling operations. \"If a ship in Singapore needs Sinopec to supply it with fuel, all it has to do is submit an application to me; once an order is created, we can carry out the fueling operation abroad.\" ” In addition, the settlement of Sinopec’s global ship fuel supply business is also carried out at this headquarters. “Excluding some international portions, 4 million tons of settlement volume each year falls on our Zhoushan site. ”Cheng Anxiang explained that in the future, the company will also expand its business related to domestic oil and liquefied natural gas, with settlement processes taking place in Zhoushan. It is understood that at present, the development of the entire oil industry chain in the Zhejiang Free Trade Pilot Zone has led to the formation of a bonded oil price known as the \"Zhoushan price\", making Zhoushan China’s largest oil supply port. From January to August this year, 2.24 million tons of bonded oil were supplied, a year-on-year increase of 114.4%, while the value of goods supplied to foreign ships amounted to 951 million US dollars. It is expected that the supply of bonded oil this year will exceed 2.8 million tons, with a goal of reaching over 7 million tons by 2020, thereby establishing an international market for bonded oil supply. ---------------------------------
Sinopec will supply low-sulfur marine fuel to the market. Introduction: According to Sinopec, the Second World Oil Traders Conference was held in Zhoushan, Zhejiang on October 18. According to Sinopec, on October 18, the Second World Oil Traders Conference was held in Zhoushan, Zhejiang. Liu Zurong, executive director and general manager of Sinopec Fuel Oil Company, said that Sinopec is actively pursuing a green and low-carbon development strategy, and will supply the market with low-sulfur marine fuel oil. Replacement supply is planned to begin in 2019; starting from January 1, 2020, compliant, stable, and environmentally friendly low-sulfur heavy marine fuel oil will be supplied at all ports along China’s coast. Currently, the standard for marine fuel oil is a sulfur content of no more than 3.5%. In accordance with the International Convention for the Prevention of Pollution from Ships issued by the International Maritime Organization (IMO), as of January 1, 2020, ships worldwide are required to use marine fuel with a sulfur content of no more than 0.5% – a reduction of 86%. This will bring about significant changes to the global marine fuel market, presenting both opportunities and challenges for oil refining companies. It is understood that the global annual consumption of marine fuel in 2020 will remain around 300 million tons. However, the \"sulfur limits\" pose significant challenges to the supply of compliant fuel, and there remains a substantial gap between the supply capacity announced by major global oil companies and global market demand. After a comprehensive comparison of options such as installing desulfurization devices, heavy marine fuel oil will become the preferred choice for shipping companies, while the use of low-sulfur marine fuel oil remains the mainstream option in the market. In recent years, Sinopec has been continuously improving its global ship fuel supply network to enhance its customer service capabilities. In 2010, a specialized company for ship fuel supply was established – Fuel Oil Sales Co., Ltd. With the vision of becoming a world-class comprehensive service provider for ships and a supplier of clean energy, the company made every effort to expand its market presence, build a strong team, and serve its customers, thereby establishing a global ship fuel supply network that covers all coastal ports in China as well as over 40 key ports around the world. On January 1, 2020, Sinopec will, while giving priority to meeting the demand for bonded oil in China, supply low-sulfur fuels in Singapore and certain ports along the Belt and Road Initiative, and gradually expand its services to key markets around the world, thereby contributing to the development of green shipping on a global scale. Liu Zurong said that as the world’s largest oil refiner and China’s biggest supplier of refined oil products and petrochemicals, Sinopec possesses sufficient refining capacity. Its oil refining facilities feature a high complexity level and advanced technology. Located near coastal and riverine areas where marine fuel is consumed, these refining enterprises have the responsibility, capability, and advantages to achieve large-scale production of low-sulfur heavy marine fuel. In the future, Sinopec will continue to play a leading role, working together with shipping companies and other relevant parties as well as the free trade zones. It will strive for policy support for the modular production of low-sulfur marine fuel, work together to create a favorable production and supply environment, and jointly build a promising future for China’s bonded oil market as well as a global era of low-sulfur marine fuel.
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