Chimbusco Pan Nation Holdings (HK) started to rent oil terminal in Hong Kong from August as it terminated the lease of the Guishan oil terminal in Zhuhai of Guangdong Province, a company source said.
The company rented 200,000-cu-m tanks at the Tsing Yi oil terminal from ExxonMobil to support its bonded bunker business there, according to the source.
It is more convenient and economical to rent an oil terminal in Hong Kong, since Chimbusco Pan Nation mainly focuses on the Hong Kong market, a source from Zhuhai port said.
Chimbusco Pan Nation previously rent 50,000-cu-m storage at the Guishan oil terminal.
Chimbusco Guishan Terminal, operator of the Guishan terminal, will begin to expand berthing capacity of its jetty from 60,000DWT to 150,000-250,000DWT at the end of December, according to a company source.
The source with Chimbusco Pan Nation said the change of oil terminal did not affect the company’s bonded bunker sales, which recorded at 200,000mt per month since August.
