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07 April 2020 The on-line newspaper devoted to the world of transports 06:18 GMT+2

December 7, 2005

Despite trade boom, shippers shun Chinese marine fuel

SHANGHAI: Oil tankers, container ships and bulk carriers are calling at Chinese ports in record numbers, but when it comes to filling up their tanks, owners look elsewhere.

China's marine fuel market - dominated by a single supplier barely a year before the country is due to open up its domestic wholesale oil sector under the terms of its WTO entry - remains a bit player in the international bunker fuels trade.

This is despite the world's fastest-growing major economy importing more raw materials than ever before, while exports are projected to grow at over 20 per cent next year ......
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