Sinopec Fuel Oil Sales, a full subsidiary of Sinopec, is expected to officially commence bonded bunker business in Qingdao port in Shandong Province this October, according to a company source.
"Preparation work has been ready and business will start once fuel oil enters terminal," said the source.
Sinopec Fuel Oil Sales rent a 100,000 cu m of bonded oil terminal in Qingdao's Huangdao and it plans to lease 2-3 bunkering ships there, the source told C1.
The company supplied 900mt of bonded 380CST bunker fuel oil from nearby Yantai terminal to a foreign ship in Qingdao on Sep 15.
Currently, Chimbusco is the sole bonded bunker supplier in Qingdao.
