The privately-owned Chinese bunker supplier Shanghai Lonyer Petrochemicals has acquired Hailian Tank Farm in Zhoushan, Zhejiang province, according to various reports. The 80,000-cubic metre Hailian Tank Farm, mainly used to store fuel oil, is supported by a 5,000-dwt oil jetty.

The company has also purchased two 1,000-tonne barges for bunkering in the area.

Shanghai Lonyer has for some time been leasing storage space from the terminal to operate its wholesale bunker fuel oil and shale oil business.

The company has branches in more than seven cities, including Nantong and Shanghai. It sells about 1m tonnes of oil a year.