Unipec

China’s LNG Tender for Winter Energy Security

Credits: Venti Views/Unsplash

In a strategic move to ensure winter energy security, Unipec, the trading arm of Sinopec, has issued a notable tender for LNG cargoes, signaling China’s commitment to safeguarding supplies in the face of evolving market dynamics.

  • Unipec, the trading arm of Sinopec, surprises the market with a large-scale LNG tender to secure winter supplies, reflecting China’s commitment to supply security.
  • China’s spot LNG demand remains muted due to ample inventories and slow...

https://mfame.guru/chinas-lng-tender-for-winter-energy-security/

Global Spot Dirty Tankers’ Fixtures Declined 16% In 2020

Global spot dirty tankers’ fixtures declined 16% year on year to 8,101 in 2020 but Unipec, Shell and Vitol have retained their positions as the top three charterers, according to data collated by global shipping brokerage and consultancy, Poten and Partners, says an article published in S&P GLOBAL.

Estimations About Dirty Tankers

Unipec had an estimated 966 dirty tankers spot fixtures in 2020, or an 18% share in the total number of cargoes, followed by Shell and Vitol, which had 478 and 417...

https://mfame.guru/global-spot-dirty-tankers-fixtures-declined-16-in-2020/

Supertankers in China’s Plan To Drain Crude Oil Glut

  • China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers usually reserved for crude oil.
  • Unipec, the trading arm of China’s biggest oil refiner Sinopec Group, hired a newly-built very large crude carrier to load low-sulphur diesel in Asia for delivery to Europe.
  • The vessel ordinarily would have sailed empty from its shipyard in Northeast Asia to the Middle East or West Africa.
  • There it would pick up crude for the first time for...

https://mfame.guru/supertankers-in-chinas-plan-to-drain-crude-oil-glut/

Unipec Resumes Using COSCO Tankers for Oil Shipments

Chinese oil trader Unipec has restarted using tankers owned by state-owned shipping group COSCO after the United States eased sanctions, reports Reuters.

Temporary ease in sanctions

Unipec restarted using tankers owned by state-owned shipping group COSCO after the United States eased sanctions temporarily on the Chinese state-owned shipping group, trade sources said.

In one of the biggest sanctions actions taken by the U.S. government since its crackdown on Iranian oil exports, Washington imposed...

https://mfame.guru/unipec-resumes-using-cosco-tankers-for-oil-shipments/

Unipec Switches To AMCL As Shippers Scramble for Ships After COSCO Sanctions

According to a Reuters report, China’s Unipec has made replacement bookings for four oil shipments from the Middle East Gulf after the United States imposed sanctions on the tanker subsidiaries of China’s COSCO, three shipping sources said on Thursday.

Unipec Switches To AMCL

The sources said Unipec, the trading arm of Asia’s top oil refiner Sinopec, had switched to other tanker owners including China Merchants-owned AMCL after the designation by Washington on Wednesday of two of state-owned...

http://mfame.guru/unipec-switches-to-amcl-as-shippers-scramble-for-ships-after-cosco-sanctions/

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