Panama bunker sales dropped in January
Panama's total bunker sales moved 5% lower in January as less vessels arrived for bunkers.
Changes in Panama bunker fuel sales from December to January:
- Total sales down 23,000 mt to 478,000 mt
- VLSFO sales up 19,000 mt to 307,000 mt
- HSFO sales down 40,000 mt to 118,000 mt
- LSMGO sales down 2,000 mt to 42,000 mt
- 0.50% MGO sales down 233 mt to 11,000 mt
The number of ships bunkering in Panama’s ports fell by 19 to 642 in January, and that was 146 more ships bunkering than in January 2024.
The average stem size was 744 mt, smaller than the 757 mt in December, according to preliminary figures from the Panama Maritime Authority.
Two barges were taken out of operation in Panama, bringing the total count to 30 barges last month.
VLSFO sales gained by 7% on the month, while LSMGO sales dropped by 4%. HSFO sales saw a sharp decline of about 25% on the month and were up by 33% on a year-on-year basis.
VLSFO was the most sought-after product in January, accounting for 64% of total bunker sales. HSFO sales represented about 25% of the total, and combined MGO sales were at 11%.
Bunker fuel availability for prompt delivery dates is currently tight in the Panamanian ports of Balboa, Cristobal and Colon, a source says. Suppliers at the ports need at least seven days to deliver stems.
By Aparupa Mazumder
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