Shanghai, China | November 7, 2025 – In a major move highlighting the evolving marine energy landscape, Chimbusco – China Marine Bunker (PetroChina) Co., Ltd. and Consort Bunkers Pte Ltd have signed a Memorandum of Understanding (MoU) in Shanghai to strengthen their strategic partnership and promote the development and supply of alternative fuels for the global shipping industry.
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A Milestone in Alternative Fuel Cooperation
The MoU was signed on 5 November at a ceremony attended by Qin Ling, General Manager of Chimbusco; Jiang Shi and Hu Boxing, Deputy General Managers of Chimbusco; and Yang Sujing, Director and General Manager of Consort Bunkers. Senior management representatives from both sides witnessed the signing, marking a new chapter in a relationship built on operational collaboration and trust.
Qin Ling said the partnership “marks a new chapter in our cooperation with Consort Bunkers and reflects a shared ambition to ensure the stable, efficient, and sustainable supply of alternative fuels as the industry accelerates its energy transition.”
Building a Strategic Framework for Alternative Fuels
The agreement establishes a long-term framework for collaboration across marine fuel supply, logistics coordination, and alternative fuel development. It supports global maritime sustainability goals by enabling both companies to deliver cleaner, innovative fuel solutions across key international ports.
Qin Ling emphasized that the partnership aligns with Chimbusco’s vision of becoming a world-class, innovation-driven marine fuel solutions provider, leveraging its integrated supply chain and operational scale to expand alternative fuel availability for the shipping sector.
Expanding the Global Alternative Fuel Network
For Consort Bunkers, the collaboration provides opportunities to enhance supply coverage and operational efficiency.
Yang Sujing stated that the partnership will “expand both companies global alternative fuel networks and strengthen supply resilience, adding that both sides will explore innovative supply models and digital solutions that deliver value to shipowners while supporting the industry’s transition to alternative fuels.”
The companies plan to coordinate on port-to-port logistics, bunker trading, and emerging energy technologies, creating synergies across the alternative fuels value chain.
Aligning with Maritime Energy Transition Goals
The signing comes as global shipowners accelerate adoption of alternative fuels to meet emissions regulations and decarbonisation targets. Reliable and scalable alternative fuel supply chains are increasingly critical to the industry’s competitive and environmental performance.
By joining forces, Chimbusco and Consort Bunkers aim to ensure a stable, efficient, and sustainable alternative fuel supply ecosystem that supports both international shipping growth and regulatory compliance.
About Consort Bunkers
Consort Bunkers Pte Ltd, established in 1988 and headquartered in Singapore, is a leading multi-port bunkering solutions provider with over three decades of industry experience. The company’s core business focuses on bunkering and barging, with expanded operations into freight for foreign and coastal voyages, underpinned by a strong ethos of integrity and operational transparency.
Consort Bunkers maintains a global presence in key maritime hubs:
- Singapore: Deeply rooted in one of the world’s top bunkering ports.
- China: Operates as Consort Bunkers (Zhoushan) Co. Ltd, the first foreign bunker supplier to establish operations in China.
- Arab Gulf: Operates via Pearl Marine DMCC in Dubai, UAE.
The company offers a comprehensive portfolio of services to the maritime industry, including:
- Fuel & Gas Oil Supply: Delivers ISO 8217-compliant fuels across multiple grades marine fuels, with strict quality control and rapid turnaround capabilities.
- Vessel & Barging Services: Provides robust vessel support, with fleet operations benchmarked against Ship Inspection Report Exchange (SIRE) standards for safety and compliance.
- Risk Management Solutions: Offers professional in-house trading and risk management services, including fixed forward pricing, floating pricing, spot contracts, and customized agreements.
- Sustainability & Safety: Maintains vigilant fleet inspections and operational protocols, reflecting a strong commitment to safe and sustainable bunkering practices.
About China Marine Bunker (PetroChina) Co., Ltd. – Chimbusco
China Marine Bunker (PetroChina) Co., Ltd. (Chimbusco), the world’s third-largest bunkering enterprise, brings over 50 years of industry experience and 1.45 million cubic meters of storage capacity to the global marine fuel market. Headquartered in Beijing, Chimbusco operates through more than 30 domestic branches and key overseas offices in Singapore, Europe, and the Americas, providing comprehensive fuel supply services—including bonded and domestic oil, lubricants, and LNG—across over 170 international ports and more than 100 domestic ports.
Backed by major shareholders COSCO Shipping and PetroChina, Chimbusco leverages its annual domestic supply volume exceeding 4 million tons and its ISCC-EU certified B24 biofuel capabilities to support maritime decarbonization and promote sustainable shipping. The company continues to drive innovation in green and alternative marine fuels, with a strategic goal of becoming a world-class marine fuel service provider and achieving net-zero emissions by 2050.
Source: China Marine Bunker (PetroChina) Co., Ltd. – Chimbusco