Statistics show that Singapore's bonded bunker fuel consumption saw a year-on-year decrease of 8 percent in the first four months of the year, while Zhoushan saw a 15 percent increase.

Industry insiders say that Singapore will continue as a refueling hub of high-sulphur fuel in the future while Zhoushan is expected to become a refueling hub of low-sulphur fuel if appropriate policies can be implemented.

The bunker fuel industry committee of the China Petroleum Circulation Association signs an agreement on the pricing of domestic trade bunker fuel with related companies at the meeting. [Photo/zj.zjol.com]