A new player has entered the Hong Kong physical bunker supply market.
United Asia Bunkering & Trading (United Asia) started "full operations" in October with a 1,600 metric tonne (mt) capacity bunker tanker, a company source told Platts Bunkerworld.
It also plans to increase the number of bunker barges it operates in the "near future".
"Our main customers are liner companies and global marine fuel trading houses," she said.
"We have a long term barge charter agreement with the barge-owning subsidiary of PetroChina International (Hong Kong) Corporation Limited and we source our cargo from oil majors in Hong Kong."
Oil majors, which supply bunker fuel to United Asia, include ExxonMobil, Chevron and Sinopec.
United Asia is privately owned and set up by Singaporean Colin Wong, who was the former managing director of United Bunkering & Trading (Asia) (UBT), notes the source.
"United Asia has no link to UBT," she said.