The term "marine bonded oil" refers to the duty-free marine fuel oil used for sale to international shipping vessels. In recent years, with the continuous and rapid growth of Weihai port scale and cargo throughput and the rapid increase of foreign trade vessels in Weihai Port, the demand for bonded oil in Weihai Port is also increasing. Because there is no relevant oil supply service, a large number of arriving ships can only supply fuel to Zhoushan and other nearby ports after unloading, which increases the cost of fuel transportation to a certain extent and restricts and affects the development of Weihai port shipping business.
Under the coordination of Shandong Weihai Port Outer Shipping Supply Co., Ltd., Sinopec Zhoushan Petroleum Company provided bonded oil supply for ships arriving at Weihai Port through customs transit, which not only saved navigation costs for shipping companies, but also promoted the expansion of the operation scale of bonded oil enterprises. At the same time, to provide high-quality and low-cost fuel for vessels on international routes from Weihai Port to Port, extending the service to ships through bonded oil business, not only fills the gap in the bonded oil market of Weihai Port, but also helps to improve the supporting facilities of open ports and enhance the popularity of Weihai Open Port.