- November saw a significant increase in marine fuel sales compared to the previous month and the same period last year.
- Very low sulphur fuel oil (VLSFO) sales reached the second-highest level for the year.
- High sulphur fuel oil (HSFO) sales witnessed a notable increase compared to November 2023.
- Low sulphur marine gasoil (LSGMO) sales achieved the highest monthly total since November 2023.
- Marine gasoil (MGO) sales experienced a significant drop compared to October.
Some 468,095 metric tonnes (mt) of marine fuel were sold in Panama last month – 22.6% up on the 381,768 mt that was sold in November 2023, reports Bunkerspot.
November’s total was the second-highest monthly total of the year to date behind the 524,549 mt that was recorded in October.
Record-breaking VLSFO sales
The strong showing was reflected by sales of very low sulphur fuel oil which reached 291,505 mt in November – the second-highest monthly total of the year after October’s 316,410 mt.
The 130,680 mt of high sulphur fuel oil (HSFO) that was sold in November was up 71.2% on November 2023 but down 16.8% down on October.
LSGMO sales surge
Elsewhere, the 38,430 mt of low sulphur marine gasoil (LSGMO) sales marked the highest monthly total since November 2023. The 7,480 mt of marine gasoil (MGO) that was sold last month was marginally up on November 2023 but 94.2% down on October’s 12,659 mt.
During the first 11 months of the year, a total of 4,597,775 mt of marine fuel was sold in Panama – 1.9% up on the 4,512,972 mt that was registered in the same period in 2023.
Some 617 vessels called for bunkers in Panama last month, 78 more than November 2023 but 34 fewer than October.
The 34 bunker vessels in operation last month marked the highest monthly total since September.
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Source: Bunkerspot
