The China (Zhejiang) Pilot Free Trade Zone inked a supply agreement on bonded bunker oil with the Shanghai Municipal Transportation Commission on March 8.
The cross-border renminbi (RMB) settlement in China (Zhejiang) Pilot Free Trade Zone is expected to total 41 billion yuan ($6.34 billion) in the first two months of this year.
The maritime service industry of the China (Zhejiang) Pilot Free Trade Zone generated nearly 27 billion yuan ($4.17 billion) in output last year.
Dading Oil Storage Co in Zhoushan, East China's Zhejiang province was recently approved by the Shanghai International Energy Exchange (SIEX) as a crude oil futures transaction warehouse.
The oil and gas industry in China (Zhejiang) Pilot Free Trade Zone, most of which is located in Zhoushan, East China's Zhejiang province, experienced rapid growth in 2020.
The China (Zhejiang) Pilot Free Trade Zone in Zhoushan, East China's Zhejiang province, will focus on developing its oil and gas industry during the 14th Five-Year Plan period (2021-25).
The shipping industry in Zhoushan, East China's Zhejiang province, continued to develop throughout the 13th Five-Year Plan period (2016-20).
China's ship repair and maintenance sector will see a robust period this year, thanks to favorable policies in the pilot free trade zones and the shutdown of several foreign shipyards for COVID-19 prevention requirements, industry experts said.
The cross-border renminbi settlement in the China (Zhejiang) Pilot Free Trade Zone totaled 104.8 billion yuan ($16.23 billion) in 2020.
The northern port area of Zhoushan Port in East China's Zhejiang province started comprehensive maritime services on Jan 20 after its oil supply anchorage was completed.
Zhoushan, an island city in East China's Zhejiang province, invested 42.9 billion yuan ($6.64 billion) in shipping infrastructure over the past five years.
The cargo throughput of Zhoushan Port in Zhoushan, East China's Zhejiang province, stood at 571 million metric tons in 2020.
Zhoushan in East China's Zhejiang province started seeing a prosperous oil supply market as its north anchorage ground supplied bunker oil to an international ship for the first time on Jan 13.
The China (Zhejiang) Pilot Free Trade Zone in Zhoushan has made strong progress in agricultural product trading over the past year.
The green petrochemical base on Yushan Island, Zhoushan Archipelago, Zhejiang province, generated 74.8 billion yuan ($11.57 billion) in output last year.
The China (Zhejiang) Pilot Free Trade Zone in Zhoushan made some remarkable achievements in 2020.
More than 11,600 ships were piloted in Zhoushan in East China's Zhejiang province in 2020, a year-on-year increase of 8.5 percent.
The volume of cargo that was delivered by river-ocean combined transportation in Zhoushan in 2020 is expected to total 256 million metric tons.
