George Collard and Erik Hoffmann of global energy and commodity price reporting agency Argus Media on Thursday (6 August) published an update outlining factors behind the decline in bunker sales in Spain based on the specific demands of each port:
Spanish bunker ports supplied 28% less fuel in June than a year earlier as the Covid-19 pandemic reduced shipping traffic.
Among the country’s main bunkering ports, Barcelona’s sales took the biggest hit. The port supplied 59,000t in June, a 55% year on year drop. Barcelona handled 45% less liquid bulk tonnes, 23% fewer twenty-foot container equivalent units (TEUs), but 9% more dry bulk tonnes. only three cruise ships entered Barcelona in June, down from 76 a year earlier.
Barcelona and other bunkering ports also receive ships only for bunkering or for repairs.
Las Palmas remained the largest Spanish bunkering port in June, with its supply of 187,000t down by only 2% from a year earlier. Sales were supported by 15% growth in liquid bulk volumes. Dry bulk volumes fell by 3%, and container TEUs by 8%. The Canary Islands port is not a big destination for cruise ships, but the number of them entering the port doubled year on year to four.
The other Canary Island port of Tenerife supplied 27,000t, up by 6% from a year earlier. Sales recovered after they dropped by 45% on the year in May. Bunker demand got support from a 47% rise in dry bulk volumes, although liquid bulk was down by 32% and container TEUs down by 6%. A significant increase in the number of cruise ships entering the port, from one to eight, could have added to demand.
Algeciras, which was Spain’s largest bunkering port until last year, supplied 117,000t of fuel — a 35% drop. Sales were pressured by a 6% drop in liquid bulk, 19% less dry bulk and 5% fewer container TEUs. The port does not normally receive cruise ships.
In the first six months of the year Algeciras supplied 24% less fuel, and Las Palmas’ supply nudged up by 2%.
Sales at Cueta fell by 14% year on year in June, pulled down by 41% less liquid bulk, and by 37% less container TEUs. The north African enclave had no dry bulk or cruise ship traffic.
Spanish ports’ June sales were an improvement from May, when the overall fell by 35% year on year.
Photo credit and source: Argus Media
Published: 7 August, 2020
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