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China's "teapot" import a lot of crude oil refinery To Qingdao port for unloading oil tanker exploded

China's "teapot" import a lot of crude oil refinery To Qingdao port for unloading oil tanker exploded

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
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China's "teapot" import a lot of crude oil refinery To Qingdao port for unloading oil tanker exploded

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

Recent Chinese new crude oil importer, the so-called "tea" (teapot) refinery purchases of crude oil soared, leading to Qingdao port tanker explosion, the longest delay time of discharge to a month, so as to lead to expensive costs and increased the difficulty of selling the oil to China.

These independent refiners just from government restrictions on last year, and get the crude oil import license, now for the signing of a large number of low cost of crude oil in 2016.

According to port agent and ship tracking data, this phenomenon has led to the shandong Qingdao port tanker extended triple the number of days of discharge to 20 to 30 days. Qingdao is a major port of import these refineries.

One dealer said, "this month" teapot "refinery demand growth, leading to import crude oil to delay for a period of time to get to." He said the buyer to be affected by this delay, because want pay large amount of demurrage. Is known as demurrage, if the goods are not in the specified time of discharge, the cost of the charterer should be paid to the owner.

According to the iea Energy Aspects of data, Qingdao port on February imports hit a record high of 2.3 million barrels per day, march is expected to hit a record high. In February, according to Chinese customs data Qingdao port China imports about 29% of total imports of the month.

Strong demand for Qingdao port capacity under great pressure. At least 15 oil tankers, according to the shipping data (including the giant oil tankers (VLCC combined) and grade the suez tanker) are stranded in Qingdao port waiting for unloading, the vessel was scheduled for last month to unload.

In addition, the domestic oil refining enterprises and lack of pipeline connection between Qingdao, about 80% of crude oil can only mean they buy by trucking, so Qingdao is difficult to quickly clear the backlog of import cargo, for the new arrival of tankers for discharging space, combined with the terminals on the lack of storage space, also let the tanker cannot easily uninstall and continue to deliver other cargo.

Situation or worse in the future

Tanker outside of Qingdao port congestion is one of several of the world's oil industry bottleneck, the bottleneck of pushing the freight, due to the ship was trapped in the queue. Iraq basra port also appear similar tanker into port delay phenomenon, in addition the ningbo port, tianjin port of China also reported similar congestion, but on a smaller scale.

Shipping broker and vessel tracking, according to data of Qingdao port congestion caused some tankers have to to other ports, at least a supertanker its carrying 2 million barrels of oil to China's two port of unloading. As more ship arriving, Qingdao port congestion may become more serious.

Analysts pointed out that in April shipment from west Africa to China oil is expected to rise to 1.14 million barrels a day of 19 months high, largely by these "teapot" refinery demand.

Norway's national oil company (altogether) to sell "teapot" about 4 million barrels of oil refinery, and through the two port of April to ship to Qingdao port on fob, the company has the third supertanker reservation (VLCC combined) to ship the goods.

Singapore shipping broker said, "such as statoil charterer will usually get stranded costs at buyer's account. Otherwise, in terms of crude oil prices are low, each is $65000 a day, for ten days will eat trader, much of the profit."

Energy Aspects Asian Michal Meidan, an analyst in the report pointed out that "until resolved tanker plug port, small refinery recent procurement will brake. However, north of Qingdao port plans to build a pipeline to mainly small factory, is expected to open in June or July, at the appointed time may stimulate demand again."

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