Trade Resources Industry Views Taiwan's State-Owned CPC Sold 1.35 Million Mt of Bunker Fuel in 2013

Taiwan's State-Owned CPC Sold 1.35 Million Mt of Bunker Fuel in 2013

Taiwan's state-owned CPC sold 1.35 million mt of bunker fuel in 2013, up 2.6% from a year earlier, a company source said Friday.

There are two bunker suppliers in Taiwan, while CPC covers more than 90% of supply there, the source added.

The source said demand picked up after a pipeline explosion suspended bunkering operations in Qingdao, east China, in November last year.

The Chinese government ordered the suspension of bunker fuel loading at the port over November 22-29.

Even after the government allowed bunkering operations, it took time for normal operations to resume, a market source said.

While bunkering operations were suspended, Hong Kong and Japan experienced an increase in consumption.

CPC supplies bunker fuel at five ports in Taiwan -- Hualien, Suao, Kaohsiung, Keelung and Taichung. The company suspended 380 CST bunker fuel supply in Taichung in December 2012 for maintenance on a storage tank there.

The company will restart supply of the grade at Taichung in late March or April, the source added. 

 

Source: http://news.chemnet.com/Chemical-News/detail-2250810.html
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Taiwan CPC's 2013 Bunker Fuel Sales up 2.6% on Year to 1.35 Mil Mt: Source
Topics: Metallurgy