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Shipping

China's tax rebate a welcome relief to domestic producers, but bunkering hub aspirations still far from reality

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Listen: China's tax rebate a welcome relief to domestic producers, but bunkering hub aspirations still far from reality

China's long-awaited value-added-tax rebate on fuel oil paved the way for domestic producers to supply bunker fuel to ships plying international routes at Chinese ports. A month after its implementation, S&P Global Platts fuel oil experts Su Ling Teo and Rajesh Nair examine what has changed and what the road ahead looks like for China's bunker market, and whether it the country is getting closer to its dream of being a bunkering hub in Asia.

Platts Live