China: growing market. File Image / File Image.
Oil trader Trafigura has been awarded a bonded bunker supply licence for the port of Zhoushan on China's southeastern coast.
Other major energy firms such as Vitol, Glencore and Total have set up bunkering joint-ventures to develop their presence in the port.
Trafigura's licence has come without the need to team up with a Chinese firm, according to price reporting agency Argus Media.
The market potential for bunker sales at the port was underlined by an annual sales report
According to Ship & Bunker, bonded bunker sales to international-going vessels at Zhoushan's main anchorages jumped by nearly 40% last year compared with 2019. The total sales figure for 2020 came in at just under 2 million metric tonnes.