Bunker sales in Panama ended up 5.7% higher overall last year after reaching the highest level in two years in December, reports Ship&Bunker.
Rising bunker sales
Total sales reached 486,614 mt in December, according to preliminary data from the Panama Maritime Authority (AMP). The total was up by 17.8% from a year earlier, by 4.6% from November’s level and the highest overall since December 2019.
That left 2021 sales overall at 5 million mt, up by 5.7% from 2020’s level but still well short of the 5.4 million mt seen in 2019.
Conventional bunker sales in Singapore, the world’s largest bunkering hub, rose by 0.3% last year.
The number of ships coming to Panama to bunker advanced by 7% on the month to 690 in December, taking the average stem size down by 2.3% to about 705 mt. Over the previous 12 months the average stem size was about 714 mt.
VLSFO sales
VLSFO sales jumped by 11.4% from a month earlier to 351,658 mt, while HSFO sales dropped by 13.9% to 85,128 mt. HSFO took a 17.5% share of total sales in December, down from 21.3% a month earlier.
MGO sales
MGO sales sank by 3.6% on the month to 11,179 mt, while low-sulfur MGO declined by 1.1% to 38,649 mt.
Overall last year VLSFO had a 70.4% share of the market, HSFO had 18.4%, MGO 3% and LSMGO 8.2%. That compares with respective shares of 76.5%, 11.7%, 6% and 5.8% in 2019.
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Source: Ship & Bunker
