Asia/Pacific News
Zhoushan Completes First Marine Biofuel Blending Under Pilot Programme
China has completed its first marine biofuel blending under the newly approved pilot programme in Zhoushan.
The first batch of B24-HSFO was blended on March 13 at the Sinochem Xingzhong Aoshan Petroleum Base in Zhejiang Province, according to Zhejiang Free Trade Zone's statement on its website on March 13.
The operation marks the first transaction since the Chinese Ministry of Commerce approved in February to carry out bonded blending and export of marine biofuel in Zhoushan
The authority said 120,000 mt of marine biofuel was bunkered in Zhoushan in 2025, up from less than 100 mt in 2024.
This volume accounted for nearly 80% of Chinese biofuel bunker volumes in 2025.
The authority said the pilot supports efforts to develop Zhoushan as a hub for bulk commodity trade and marine fuel supply.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 1119.50 | 1.00 | 1865.50 | 54.50 |
| Rotterdam | 772.50 | 21.50 | 1174.50 | 34.00 |
| Houston | 788.50 | 45.50 | 1201.00 | 72.50 |
| Fujairah | 1085.00 | 3.50 | 1653.50 | 23.50 |
| APAC Average | 1130.00 | 7.00 | 1655.00 | 16.50 |
| Global 20 Ports Average | 1036.50 | 14.00 | 1521.00 | 43.50 |
| Global 4 Ports Average | 941.50 | 16.00 | 1473.50 | 18.50 |
| Global Average Bunker Price | 1018.50 | 6.50 | 1471.50 | 21.50 |
Popular Now More
-
Mar 17At Suzun Marine Fuels, we have chosen a path that may seem unusual for a supplier. We have limited the number of bunker traders we work with to a maximum of ten. -
Mar 13The top ten global bunkering firms handled about half of global bunker demand in 2025. -
Mar 17The vessel has reported minor damage following an attack last night.