The combined volume of marine fuel sold at both ends of the Panama Canal was down 22% on year during February 2019, according to data from La Autoridad Marítima de Panamá, also known as the Panama Maritime Authority (PMA).
Total bunker sales at Panama Canal amounted to 331,062 metric tonnes (mt) in February 2019, compared to sales of 424,677 mt during the similar month in 2018.
In February 2019, the canal’s Pacific entrance posted bunker sales of 227,854 mt; 207,942 mt of fuel oil was sold and 19,912 mt of marine diesel oil (MDO) were delivered.
The similar location saw total sales of 324,258 mt a year before; with fuel oil sales of 301,285 mt and MDO sales of 22,973 mt.
The canal’s Pacific entrance recorded sales of 103,208 mt; 88,085 mt of fuel oil was sold and 15,123 mt of MDO were sold.
Last year, it saw total sales of 100,419 mt a year before; with fuel oil sales of 88,807 mt and MDO sales of 11,612 mt.
Published: 18 April, 2019
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.