Demand for bunkers in Panama soared last month. Image credit: Ship and cargo hold / Data credit: AMP
Bunker request in Panama climbed on both an annual and monthly basis in July.
Total sales reached 378 710 mt last month, according to preliminary data from Panama Maritime Authority (AMP), recovering from an 11-month low in June. The total increased by 12.4% a year earlier and by 0.4% of the June level.
The AMP also revised its June data upwards, increasing the total by 5.1% from its preliminary estimate to 377,153 meters.
Global bunker sales are generally expected to experience a hesitant recovery this year from the lows of last year’s COVID-19 crisis, with shutdowns and starts in various parts of the world as lockdown measures are relaxed or tightened in response to infection levels. Bunker volumes in Singapore last month lost 2.3% at the same time a year earlier and by 1.2% of the June level.
The number of ships coming to Panama for refueling has decreased 1.4% the month until 555 in July, increasing the average stalk size of 1.9% around 692 meters. During the previous 12 months the average size of the stems was about 739 meters.
VLSFO sales fell by 5.5% from a month earlier to 268,327 meters, while HSFO sales jumped 32.3% To 64 637 mt. HSFO took a 17.1% share of total sales in July, compared 13% a month earlier.
MGO sales jumped by 68.6% in the month of 15,668 meters, while low sulfur MGO dropped by 14.4% To 30,078 meters.