- Bunker sales volumes in Panama reached the highest level in a year in March.
- Total sales reached 439,028 mt in March, according to data from the Panama Maritime Authority, the highest level since the same month a year earlier.
- The total was down by 2% from March 2020 but up by 4.9% from February’s level.
A recent news article published in the Ship and Bunker news article highlights that Panama Bunker sales jump to highest in year.
Global bunker sales
Global bunker sales have been rallying from last year’s lows as the shipping industry swerved a prolonged slump from the COVID-19 crisis.
Bunker volumes at the world’s largest hubs sank by 6.3% overall last year, according to Ship & Bunker and BLUE Insight‘s quarterly survey.
Ships coming to Panama to bunker sank
The number of ships coming to Panama to bunker sank by 9.3% on the year to 584, taking the average stem size up by 8% to about 752 mt last month. Over the past 12 months the average stem size was about 744 mt.
VLSFO sales
VLSFO sales dropped by 10.9% from a year earlier to 314,859 mt, while HSFO sales surged by 120% to 76,569 mt. HSFO took a 17.4% share of total sales in March, up from 7.8% a year earlier.
MGO sales sank by 78.9% on the year to 10,692 mt, while low-sulfur MGO more than tripled to 33,908 mt.
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Source: Ship and Bunker
