Zhoushan needs more than price clout to beat Singapore
While Zhoushan may nip at Singapore's volumes by offering cheaper VLSFO post-2020, the Chinese port still has to prove it has what it takes to build trust among shipowners in its bunker industry. In this line of trade that has long been tainted by fraud, regulators have to move swiftly against errant players.
It's a win-lose situation among ports in Asia with one bunker expert remarking that even having the top two bunker ports in the same region is 'a huge assumption'