New policies help boost Zhejiang's big oil industry

When the YiDa Five supply vessel left Sinopec Zhoushan Company's fuel depot at the Aoshan wharf in the China (Zhejiang) Pilot FTZ for Shanghai Yangshan Port on April 18, its target was Panama freighter Paraburdoo - and the task was to deliver as much as 1,350 metric tons of bonded fuel oil.

YiDa was laden with 5,000 tons of oil. Such an operation was made possible by the latest policies of Hangzhou Customs that came into being after the launch of Zhejiang FTZ.

YiDa Five could park at Yangshan Port after accomplishing its mission and wait for its next customers, to empty itself of its cargo.