Page 7 - Data Credit News Today

The city-state's total demand reached 3.79 million mt in February, up by 8.3% from the same month a year earlier but down by 13.3% from January's level.

Last year's record bunker prices drove record profitability for World Fuel Services.

Total sales excluding lubricants slipped by 1.5% on the year to 636,705 m3 in January.

Panama's total sales reached 434,8072 mt in January, the lowest level since November.

In a recent letter to maritime publication Lloyd's List, IBIA Director Unni Einemo said there were 'some misconceptions and narratives that aren't helpful' in the discourse around bunker quality and quantity disputes.

Last month's sales total was the highest since January 2021, up by 8.6% from the same month a year earlier and by 3.8% from December's level.

The firm reported 2.55 million mt of bunker consumption in the three months to December 31 in its earnings report this week, down by 9.2% on the year and the lowest level since the second quarter of 2020.

Firms backed by global oil producers and commodity traders generally performed well last year.

Rotterdam's conventional sales total for 2022 was 9.72 million mt, up by 4.6% on the year and the most since 2016.

About 2.3% of the VLSFO samples analysed by Verifuel in the fourth quarter of 2022 were found to be off-specification, a company representative tells Ship & Bunker.