Bunker demand in Panama climbed on a yearly basis in September, but remained little changed from August’s level, reports Ship & Bunker.
Global bunker sales falter
Total sales reached to 388,027 mt last month, according to preliminary data from the Panama Maritime Authority (AMP). The total was up by 3.4% from a year earlier and down by 0.2% from August’s level.
Global bunker sales are generally expected to see a faltering recovery this year from the lows of last year’s COVID-19 crisis, with stops and starts in various parts of the world as lockdown measures are eased or tightened in response to infection levels. Bunker volumes in Singapore last month lost 6.7% from the same time a year earlier and dropped by 3.4% from August’s level.
The number of ships coming to Panama to bunker sank by 5.4% on the month to 563 in September, taking the average stem size up by 5.5% to about 689 mt. Over the previous 12 months the average stem size was about 723 mt.
VLSFO sales
VLSFO sales jumped by 7.1% from a month earlier to 283,368 mt, while HSFO sales plunged by 15.2% to 66,725 mt.
HFO sales
HSFO took a 17.2% share of total sales in September, down from 20.3% a month earlier.
MGO sales
MGO sales jumped by 29.2% on the month to 10,677 mt, while low-sulfur MGO sank by 26.6% to 27,257 mt.
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Source: Ship & Bunker
