World News
Panama Bunker Sales Gain 18.5% on Year in February
Bunker sales figures for Panama showed a similar pattern to Singapore in February, gaining from the same month a year earlier but declining from January's levels.
Total sales jumped by 18.5% from a year earlier to 436,066 mt last month, according to preliminary data from the Panama Maritime Authority (AMP), but slipped by 8.6% from January's figure.
In Singapore February's total was 2.6% higher than the same month of 2019 but 14.1% lower than January's.
Very low sulfur fuel oil sales in Panama fell by 12.3% on a monthly basis to 340,338 mt.
High sulfur fuel oil sales gained 91.8% from January's levels to 41,089 mt, while marine diesel oil lost 19.2% to 54,639 mt, the AMP said.
A total of 604 ships were bunkered in Panama in February, down from 725 in January, meaning the average stem size gained 9.7% on the month to 722 mt per ship.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 556.50 | 9.00 | 685.00 | 6.50 |
| Rotterdam | 506.00 | 6.00 | 665.00 | 11.00 |
| Houston | 552.50 | 0.50 | 682.00 | 4.00 |
| Fujairah | 548.00 | 7.50 | 750.00 | 3.00 |
| Global 20 Ports Average | 583.50 | 4.00 | 762.50 | 2.50 |
| Global 4 Ports Average | 546.50 | 4.50 | 697.50 | 2.50 |
| Global Average Bunker Price | 632.50 | 2.00 | 811.00 | 1.50 |
Popular Now More
-
Nov 27The company is looking for candidates with shipping industry experience and strong negotiation skills. -
Nov 26The company has hired Mike Parrent, formerly marketing manager for Bomin before its acquisition by Minerva Bunkering earlier this year, as its new physical desk manager in Houston. -
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer.