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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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LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

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PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions. 

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post. 

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024. 

 

Photo credit: Pacific International Lines
Published: 21 July, 2026

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LNG Bunkering

CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s alternative fuel bunkering infrastructure.

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CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

China’s Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. (CIMC SOE) recently signed a contract with Sinopec (Beijing) Clean Energy Co., Ltd. to build a 12,000-cubic metre (m3) LNG bunkering vessel, according to Chinese maritime media.

The vessel is scheduled for delivery in 2028 and will support Sinopec’s efforts to expand its presence in the marine clean energy sector.

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s LNG bunkering infrastructure.

With this signing , CIMC Pacific Offshore Engineering’s LNG bunkering vessel orderbook is further strengthened, maintaining its leading position in the global market for small and medium-sized LNG bunkering vessels.

The contract also marked another milestone for CIMC SOE, which has seen a sharp increase in orders and business performance this year amid a surge in domestic LNG vessel demand.

 

Photo credit: Nantong CIMC Sinopacific Offshore & Engineering
Published: 21 July, 2026

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Nuclear

ABS awards AiP to Korean institute for SMR-powered container ship concept design

KRISO says AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

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ABS awards AiP to Korean institute for SMR-powered container ship concept design

Korea Research Institute of Ships & Ocean Engineering (KRISO) on Thursday (16 July) received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its concept design of a 15,000 TEU Small Modular Reactor (SMR)-powered container ship utilising Molten Salt Reactor (MSR) technology.

KRISO said the AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

“This achievement demonstrates international recognition of KRISO’s technological capabilities in the rapidly evolving field of nuclear-powered shipping, supporting the transition toward low-carbon maritime transport,” it said. 

Building on this milestone, KRISO will continue advancing basic and detailed ship design, paving the way for future demonstration and commercialisation of SMR-powered vessels. 

Through continued R&D and international collaboration, KRISO remains committed to strengthening next-generation maritime technologies and contributing to the safe deployment of nuclear propulsion in the maritime industry.

 

Photo credit: Korea Research Institute of Ships & Ocean Engineering
Published: 21 July, 2026

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