Panama Bunker Sales Declined in April
Panama's total sales reached 375,848 mt in April.
Panama Canal Panama General Panama Maritime Authority Panama Bunker Sales Declined Image Credit Data Credit
Source: shipandbunker.com
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Fujairah Bunker Sales Dropped by 8.8% on Month in April
April's sales were 0.7% lower than the average seen over the previous 12 months.
Source: shipandbunker.com
Oilmar Bunker Sales Reach 1 Million Mt/Year
The company is targeting 30-50% growth from this level of traded volumes in 2024, and in Q1 already saw 35% growth from the same period a year earlier, an Oilmar representative tells Ship & Bunker.
Source: shipandbunker.com
Red Sea Diversions Send Maersk Bunker Consumption to Highest Since 2021
Maersk consumed a total of 2.796 million mt of bunker fuel in Q1, up by 15.9% on the year and the most since Q4 2021.
Source: shipandbunker.com
Rotterdam HSFO Demand Overtakes VLSFO for First Time Since IMO 2020
The change may be related to diversions from the Red Sea since late last year, local trading sources tells Ship & Bunker.
Source: shipandbunker.com
World Kinect Marine Profits Jumped to One-Year High in Q1 as Volumes Climbed
The firm had a Q1 profit margin on its bunker sales of $6.19/mt, up from $4.51/mt in Q4 and compared to an average since 2015 of $2.64/mt.
Source: shipandbunker.com
Global Q1 VLSFO Off-Spec Jumps to One-Year High: Verifuel
About 1.7% of the VLSFO samples analysed by Verifuel in Q1 were found to be off-specification, the company tells Ship & Bunker.
Source: shipandbunker.com
Singapore VLSFO Viscosity Jumps to One-Year High at Start of 2024
The Singapore bunker market's average VLSFO viscosity was 136.5 CST in Q1, the highest level since the same period a year earlier.
Source: shipandbunker.com
Panama Canal Expects Return to Normal Transit Capacity by 2025
The canal has seen reduced transits in recent months after Panama experienced its third-driest year since records began in 2023.
Panama Canal Panama General Panama Canal Authority Panama Canal Expects Return Normal Transit Capacity Data Credit
Source: shipandbunker.com
World Kinect Sees Quarterly Recovery in Marine Profits and Volumes in Q4
Taking 2023 as a whole, marine income sank by 47% to $82.3 million, while volumes dropped by 12% to 16.8 million mt.
Source: shipandbunker.com