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Panama bunker fuel sales volume continues sliding by 19.2% on year in December 2023

Total bunker sales at Panama was 392,063 mt in December, compared to sales of 485,336 mt during the similar period in 2022, according to latest data from Panama Maritime Authority.

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RESIZED Panama

Bunker fuel sales at Panama fell by about 7.5% in December 2023, according to the latest data from La Autoridad Maritima de Panama, also known as the Panama Maritime Authority (PMA).

Total bunker sales at Panama was 392,063 metric tonnes (mt) in December, compared to sales of 485,336 mt during the similar period in 2022.

This brings a total of 4,905,035 mt of marine fuel sold in Panama in 2023, decreasing by 6.42% from 5,241,369 mt recorded in 2022.

In December 2023, the Pacific side of Panama posted bunker sales of 323,628 mt; 216,658 mt of VLSFO, 78,563 mt of RMG 380, 1,589 of marine gas oil (MGO), and 26,818 mt of low sulphur marine gas oil (LSMGO) were delivered.

The similar region saw total marine sales of 426,278 mt a year before on December; with VLSFO sales at 307,063 mt, RMG 380 sales at 72,007 mt, MGO sales at 11,457 mt, and 35,751 mt of LSMGO being sold.

Panama’s Atlantic side, meanwhile, recorded total bunker fuel sales of 68,435 during December 2023; the figure comprised 49,029 mt of VLSFO, 9,660 mt of RMG 380, 2,775 mt of MGO, and 6,971 mt of LSMGO.

It saw total sales of 59,058 mt in December a year before; with VLSFO sales of 44,019 mt, RMG 380 sales of 4,397, 5,934 mt of MGO, and LSMGO sales of 4,708 mt.

Related: Panama bunker fuel sales volume drops by 7.5% on year in November 2023
Related: Panama bunker fuel sales volume drops by 4.5% on year in October 2023
Related: Panama bunker fuel sales volume drops by 7.9% on year in July 2023
Related: Panama bunker fuel sales volume down by 11.8% on year in June 2023
Related: Panama bunker fuel sales volume down by 3.5% on year in May 2023
Related: Panama bunker fuel sales volume down by 19.7% on year in April 2023
Related: Panama bunker fuel sales volume climbs by 10% on year in March 2023
Related: Panama bunker fuel sales volume climbs by 6.9% on year in February 2023
Related: Panama bunker fuel sales volume down by 3.7% on year in January 2023

An earlier record of marine fuel sales at Panama for 2022 is as follows: 

Related: Panama bunker fuel sales volume down by 2.16% on year in December 2022
Related: Panama bunker fuel sales volume down by 11.3% on year in November 2022
Related: Panama bunker fuel sales volume down by 1.66 % on year in September 2022
Related: Panama bunker fuel sales volume increase by 21.6 % on year in August 2022
Related: Panama bunker fuel sales volume increase by 15.7% on year in July 2022
Related: Panama bunker fuel sales volume increase by 15.06% on year in June 2022
Related: Panama marine fuel sales volume climbs 0.87% on year in May 2022
Related: Panama marine fuel sales volume climbs by 14.52 % on year in April 2022
Related: Panama bunker fuel sales volume down by 3.84 % on year in March 2022
Related: Panama bunker fuel sales volume down by 9.74% on year in February 2022
Related: Panama marine fuel sales volume climbs by 9.19% on year in January 2022

 

Photo credit: George Keel
Published: 18 January, 2024

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Business

FLEX Commodities appoints Euwyn Tan as Senior Marine Fuels Trader in Singapore

Tan has experience across the marine fuels, bunkering and shipping markets, with a strong background in trading, procurement, commercial negotiations and developing relationships.

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FLEX Commodities appoints Euwyn Tan as Senior Marine Fuels Trader in Singapore

Dubai-based bunker trading firm FLEX Commodities FZCO (FLEX) on Monday (7 September) announced the appointment of Euwyn Tan as its Senior Marine Fuels Trader based in Singapore.

Tan has experience across the marine fuels, bunkering and shipping markets, with a strong background in trading, procurement, commercial negotiations and developing relationships with shipowners and charterers across Asia and Europe.

Before FLEX, he was a Bunker Trading Manager in Propeller Fuels from 2023 to this month. 

“Based in Singapore, Euwyn will play an important role in strengthening FLEX Commodities’ marine fuels trading capabilities and expanding our presence across the Asian market,” the company said in a social media post. 

“We are delighted to have Euwyn on board and look forward to his contribution as we continue to grow our global trading business.”

 

Photo credit: FLEX Commodities
Published: 8 September, 2026

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LNG Bunkering

Osaka Gas conducts Osaka Bay’s first STS LNG bunkering operation

Acting through Singapore-based marine fuel trading firm Integr8 Fuels, Osaka Gas supplied LNG bunker fuel to an LNG-fuelled PCTC operated by an overseas shipping company calling at the Port of Kobe.

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Osaka Gas conducts Osaka Bay’s first STS LNG bunkering operation

Japanese energy company Osaka Gas on Friday (4 September) said it has successfully completed the first-ever ship-to-ship LNG bunkering operation in Osaka Bay, supplying LNG fuel to an LNG-fuelled PCTC.

The operation was conducted using SETO AZURE, an LNG bunkering vessel owned by Osaka Bay LNG Shipping Co Ltd, an affiliated company of Osaka Gas. 

Acting through Integr8 Fuels Pte Ltd, a Singapore-based marine fuel trading company, Osaka Gas supplied LNG fuel to an LNG-fuelled PCTC operated by an overseas shipping company calling at the Port of Kobe.

Ship-to-ship bunkering will help ensure a stable supply of LNG fuel in the Osaka Bay area and support the development of the Port of Kobe as a Carbon Neutral Port.

In addition to ship-to-ship bunkering, Osaka Gas provides LNG fuel through truck-to-ship bunkering and port-to-ship bunkering. With capability covering all three major LNG bunkering methods, Osaka Gas provides flexible and reliable LNG fuel supply services to meet customers’ diverse needs.

The company said LNG bunkering infrastructure in Japan remains insufficient, highlighting the need to establish a stable fuel supply network to support the wider adoption of LNG-fuelled vessels.

 

Photo credit: Osaka Gas
Published: 8 September, 2026

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Bunker Fuel

Bunker Holding, Dan-Bunkering to join USTC units at new Copenhagen hub

Employees from Bunker Holding, Dan-Bunkering, Global Risk Management, CM Biomass, Unit IT, Uni-Tankers, Selfinvest, and USTC will all be based together in a new shared USTC Hub.

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Bunker Holding, Dan-Bunkering to join USTC companies at new Copenhagen hub

The owners and management of Danish-owned USTC have decided to consolidate the Group’s offices in the Greater Copenhagen area in a new shared USTC Hub, according to the Group on Monday (7 September). 

Employees from Bunker Holding, Dan-Bunkering, Global Risk Management, CM Biomass, Unit IT, Uni-Tankers, Selfinvest, and USTC will all be based together in the new USTC Hub. 

The lease will take effect on 1 December 2026, with employees and companies moving into the new hub in phases thereafter.

The chosen location is the brand-new Marmormolen development in Nordhavn, which will accommodate more than 150 workstations from across the Group’s companies under one roof.

The USTC Hub will provide better opportunities for the companies to connect and make the most of the possibilities that arise when independent businesses work in closer proximity. In that sense, the hub is a tangible expression of USTC’s approach: strong business acumen, a sense of cohesion and a keen eye for opportunities across the Group.

“In locations such as Houston and Singapore, we already have USTC Hubs where several of our companies are based together. This has created strong professional communities and valuable synergies across our organisation. We have therefore wanted to establish a similar concept in Copenhagen for some time. At the same time, the experience gained from our existing hubs will help us assess opportunities for additional hubs in other parts of the world where they make sound business sense,” said Nina Østergaard, co-owner and CEO of USTC.

The USTC Hub will span more than 3,000 square metres on the sixth floor of Marmormolen and will offer access to rooftop terraces as well as a range of shared facilities. This will provide an ideal setting for both formal and informal interactions across companies and teams.

According to Østergaard, however, the ambition is not to make the companies more alike.

“The hub is intended to be a platform for closer collaboration and knowledge sharing, but the aim is not to make our companies the same. Quite the opposite. Their differences are an important part of our strength. Each company has its own capabilities and direction. But by bringing people closer together, we create better opportunities to learn from each other, build bridges and make better use of the strengths that exist across our organisation,” said Østergaard.

The establishment of the USTC Hub will also support USTC’s ambitions for continued growth while creating a more attractive professional environment for employees.

“We are a Danish Group with offices around the world, and we have ambitions to continue developing. That makes it important for us to have a strong base in Copenhagen. It brings us closer to businesses, professional communities and some of the capabilities we will need in the future. At the same time, it gives us a stronger hand when it comes to attracting talented people,” said Østergaard.

“Our companies should, of course, retain their own identity. But it is equally important that there is something that connects us. To me, that includes strong business acumen, a sense of responsibility, keeping the distance from idea to action short, and staying close to the business.”

 

Photo credit: USTC
Published: 8 September, 2026

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