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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

SMW 2025: MPA and Dalian Maritime University to partner on joint maritime training

Both signed a MoU to enhance talent development and academic exchange between Singapore and China, focusing on maritime digitalisation and decarbonisation and covering areas such as clean energy.

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SMW 2025: MPA and Dalian Maritime University to partner on joint maritime training

The Maritime and Port Authority of Singapore (MPA) and Dalian Maritime University (DMU) on Friday (28 March) said they have renewed their Memorandum of Understanding (MoU) to enhance talent development and academic exchange between Singapore and China in the maritime sector.

The MoU renewal was signed by MPA Chief Executive, Mr Teo Eng Dih, and Professor Shan Hongjun, President of DMU. This renewal builds on the successful collaboration established since 2021, and further strengthens talent development and knowledge exchange between both maritime ecosystems.

As part of the MOU, MPA and DMU will continue to engage in faculty exchanges, study visits and student exchanges in Singapore and Dalian, and joint maritime training and research programmes. Trainers from MPA, including subject matter experts and adjunct trainers, will contribute to courses, events and knowledge sharing. 

The collaboration will focus on digitalisation and decarbonisation, covering areas such as clean energy and sustainable practices in the maritime sector, digital transformation of maritime operations, environmental management, maritime safety, navigational technologies, and port management and smart technologies.

DMU is home to world-class facilities, including two ocean-going training vessels and state-of-the-art research centre. A leader in autonomous ship technology and innovation in smart and sustainable shipping, the university has recently launched its 3rd ocean-going new generation autonomous training vessel.

Mr Teo Eng Dih, Chief Executive, MPA, said, “The renewal of this MOU reflects the strong partnership between MPA and DMU. As the maritime industry evolves, our collaboration in maritime education and training is more crucial than ever in preparing the next generation of maritime professionals. This agreement will enhance maritime talent development and knowledge sharing between Singapore and China, fostering innovation and sustainability in the maritime sector.”

 

Photo credit: Maritime and Port Authority of Singapore
Published: 28 March, 2025

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Alternative Fuels

SMW 2025: Geospatial tools to be explored for port operations including bunkering

MPA and partners will explore the use of geospatial tools to develop solutions to improve safety and efficiency of port operations, such as bunkering of alternative fuels and vessel navigation.

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SMW 2025: Geospatial tools to be explored for port operations including bunkering

The Maritime and Port Authority of Singapore (MPA) on Wednesday (26 March) signed a memorandum of understanding (MoU) with several partners to promote knowledge-sharing initiatives and explore geospatial technologies to address real-world challenges in the republic. 

Partners will explore the use of geospatial tools to develop solutions to strengthen preparedness, monitor sea level rise, and improve the safety and efficiency of port operations, such as vessel navigation, marine services and the bunkering of alternative fuels.

MPA signed a three-year MOU with Jurong Port, Singapore Cruise Centre Private Limited, Esri Singapore, Hexagon’s Safety Infrastructure and Geospatial Division, Nika, Technology Centre for Offshore and Marine, Singapore (TCOMS), A*STAR Institute of High Performance Computing (A*STAR IHPC) and the Centre of Excellence in Modelling and Simulation for Next Generation Ports (C4NGP) in the College of Design and Engineering of the National University of Singapore (NUS).

Geospatial tools use location-based data such as satellite images, traffic and weather data, and sensor readings from buoys and on land to create 2D and 3D visual insights. 

These can help stakeholders monitor real-time conditions, manage risks, and plan operations more effectively by improving risk management and decision-making, and enhancing operational planning for improved safety and efficiency. 

MPA also signed a three-year MOU with NUS to develop a skilled maritime geospatial workforce. 

Under this partnership, MPA and NUS will explore the development of maritime geospatial courses for NUS undergraduate and post-graduate geography students, and a professional certification programme for mid-career professionals. 

The maritime geospatial programmes will cover skills in 2D and 3D mapping, geospatial analytics, and advanced environmental and operations modelling. This will build a pipeline of talent equipped with the skills and knowledge to drive maritime geospatial innovation in the industry and government.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 28 March, 2025

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Biofuel

Monjasa and NYK complete first-ever biofuel bunkering operation in Panama

Monjasa delivered a total of 900 mt of B30 biofuel, using tanker “Monjasa Thunder”, to NYK-operated vessel “Hestia Leader” at Port of Cristobal, marking the first ISCC-certified biofuels supply in Panama.

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Monjasa and NYK complete first-ever biofuel bunkering operation in Panama

Marine fuels supplier Monjasa on Thursday (27 March) said it delivered a total of 900 metric tonnes (mt) of B30 biofuel to NYK-operated vessel Hestia Leader in the Port of Cristobal, Panama on 2 February.

This ship-to-ship operation was performed by the 19,991 dwt Monjasa Thunder and marked the first ISCC-certified biofuels supply in Panama and the establishment of a scalable 2nd generation marine biofuels supply chain. This setup is capable of supplying a total of 5,000-7,000 mt monthly.

On 24 March 2025, the Panama Canal Authority announced the introduction of a NetZero Slot designed to support and reward shipowners and operators on their journey towards decarbonisation.

General Manager Latin America, Jonas Bruslund, said: “The introduction of biofuels in Panama has progressed slower than in major bunkering hubs like Singapore or Rotterdam, mainly due to lack of local feedstock and customer commitments.”

“However, we have now developed a viable strategy with a longstanding business partner to ship biofuels products from Europe for the benefit of shipowners operating in the Panama Canal area.”

“The Panama Canal has a strong agenda to promote low-carbon fuels and higher energy efficiency and we are pleased to challenge the status quo and actively support these efforts.”

Monjasa established its local maritime logistics in 2015 and today manages seven vessels across the Atlantic and Pacific areas of the Panama Canal.

In the Americas, Monjasa has already established biofuels partnerships across the port of Callao in Peru and in Cartagena, Colombia.

As an ISCC-certified partner, Monjasa allows all involved parties to trace feedstock used to produce biofuels from the point of origin to the end consumer. On this first supply in Panama, the B30 product consisted of 30% Fatty Acid Methyl Ester (FAME) and 70% Very Low Sulphur Fuel Oil (VLSFO).

Monjasa still awaits the shift away from sporadic biofuels inquiries to a broader pick-up in demand. Until then, Monjasa aims to continue establishing a string of global biofuels supply locations to support the shipping industry in meeting IMO’s 2050 climate change commitments.

 

Photo credit: Monjasa
Published: 28 March, 2025

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