- Panama’s bunker sales have posted a year-on- year decline for the sixth month in a row.
- This is with the latest figures for October showing volumes 18.8% lower than in the same month of 2019.
- Total demand dropped to 412,622 mt last month, according to the latest data from the Panama Maritime Authority (AMP).
- It is down by 2.6% from October 2019 but up by 10% from September 2020’s level.
A recent article in the Ship and Bunker deals with the bunker sales in Panama and how it did not fare will.
Ships bunkering in Panama
The number of ships arriving in Panama for bunker fuel sank by 18.8% on the year to 566 in October, meaning the average stem size gained 20% to about 729 mt.
Panama’s VLSFO sales
Panama’s VLSFO sales advanced by 12% from September’s levels to 314,721 mt in October, according to the AMP data, while high sulfur fuel oil sales lost 1.5% to 56,200 mt.
Marine gasoil
Marine gasoil climbed by 11.2% on the month to 9,955 mt, and low sulfur marine gasoil rose by 12.6% to 31,736 mt.
Global bunker demand
Global bunker demand has fallen sharply in many ports following measures put in place to address the COVID-19 pandemic.
But Singapore, the world’s largest marine fuels hub, appears to be escaping this year’s doldrums more quickly with year-to-date bunker demand now 6% higher than in the same period of 2019.
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Source: Ship and Bunker
