Qingdao Port to operate marine fuel transfer centre

Qingdao Port, China's biggest crude oil transfer base, started the operation of an international transfer centre for marine fuel oil on November 6.

Under the joint venture, Qingdao Port invested US$29.4 million while the China Marine Bunker Company (PetroChina), China’s largest marine fuel provider, invested US$24.8 million.
The first-stage of the project includes the construction of four 50,000 cubic metre bonded fuel oil tanks and other supporting transportation facilities.

Tracey Jia  

Source: Baird Maritime