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 | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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