On March 4th, with the completion of the transfer of 79,000 tons of crude oil from BP’s ship "San Ramon" to the transit ship "Surgut", the maiden voyage of Shandong Port foreign trade crude oil international transit was successfully launched.It marks the smooth development of international crude oil transfer business initiated by Shandong Port and BP.
 
This time, Shandong Port crude oil sector and BP join hands again, backed by Shandong hinterland, relying on the "crude oil supermarket", to radiate East Asia and South Asia, and entered the new field of crude oil international transfer, seizing the opportunity to further expand and strengthen the international crude oil transfer business of foreign trade.

Qingdao Port of Shandong actively innovates its ideas, connects with the new policies of Shandong FTZ Qingdao area, applies for the "international transfer of crude oil" mode for loading and unloading transfers, which reduces the operating costs of chartering tanks, vessels, and demurrage by about 5 million yuan for partners.
 
Up to now, Qingdao Port of Shandong has achieved strategic cooperation with many international crude oil traders and producers such as Petrobras, BP, Shell, Total,etc., and has made every effort to build an international crude oil trade distribution center and bonded spot trading center.
 
Source:Sarah Yu,XINDE MARINE NEWS

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.