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On September 29, Sinopec Fuel Oil Company supplied 90 tons of methanol fuel at Nansha Port in Guangzhou for the maiden voyage of China’s first methanol dual-fuel ship, built through independent research and development, thus becoming the first ship fuel supplier in the country to carry out methanol fuel refueling operations. Compared to fuels such as methanol and liquefied natural gas (LNG), methanol is more convenient for storage and transportation, and the costs associated with upgrading infrastructure are lower; it offers significant advantages in terms of cost and safety. As a result, it is rapidly emerging as a viable alternative to marine fuels that feature low carbon emissions and low costs. It is reported that this ship is the first of its kind in the world – a 49,900-ton methanol dual-fuel chemical/product tanker – developed and built independently by Guangzhou Shipyard International, which is part of the China State Shipbuilding Corporation. Equipped with a world-leading methanol dual-fuel propulsion system, it can use four different types of fuel: diesel, diesel hydrate, methanol, and methanol hydrate. It is also capable of controlling the combustion process to reduce exhaust emissions; thus, no exhaust treatment system is required to meet the highest emission standards set by the International Maritime Organization, with carbon emissions potentially reduced by up to 75%. Lacking any existing solutions for methanol refueling of ships to draw on, Sinopec Fuel Oil Company developed a \"ten-step method\" for the operation of transferring methanol from land-based facilities to ships via the dock infrastructure, based on the actual conditions on site. In doing so, it pioneered a new approach to refueling ships with new energy fuels in the industry and successfully completed China’s first supply order of methanol fuel for ships. As the specialized ship fueling company under Sinopec, Sinopec Fuel Oil Company is committed to becoming a world-leading comprehensive ship service provider and supplier of clean energy. The company is making every effort to develop a core business framework for ship fuel supply; it has quickly established a dominant position in the domestic bonded fuel market and expanded its influence in the Asia-Pacific ship fuel supply sector. At present, the company serves all domestic ship fuel supply ports that are open to external operations, and it has the capability to supply fuel at more than 50 key overseas ports. At the same time, the company has made active efforts in the \"low-sulfur era\"; by the end of August 2022, the low-sulfur marine fuel it supplied to Sinopec accounted for around 60% of the total domestic production, contributing to a 30% and 20% growth rate in China’s bonded marine fuel market over two consecutive years. According to the data released at the 5th World Oil Traders Conference, the fuel oil company’s ship servicing operations have risen to rank it as the fifth largest ship refueling company in the world, while its market share in the bonded ship refueling sector remains the highest in the country.