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S&B ANALYSIS: Singapore Bunker Sales Gained 6.2% in February by Jack Jordan, Managing Editor, Ship & Bunker Monday March 15, 2021 Bunker sales in 6.2% on a yearly basis in February but declined from January's 12-month high. 4.12 million mt in February, according to preliminary data from the Maritime and Port Authority (MPA), 6.2% higher than February 2020's level but 8.5% lower than the 12-month high of 4.5 million mt reached in January 2021. February 2020's volumes level may have been slightly depressed as shipping companies started to use the VLSFO stockpiles they built up before th...

INTERVIEW: Maersk Decarbonisation Guru Sets Out Path to Zero Carbon by Jack Jordan, Managing Editor, Ship & Bunker Monday February 22, 2021 Shipping giant AP Moller-Maersk is one of the largest corporate consumers of oil on the planet, and has set itself the target of becoming carbon-neutral in the next three decades. 10.3 million mt of bunker fuel last year, taking up about 4% of total global marine fuel demand. Maersk has been relatively quiet on its decarbonisation plans thus far, while rivals like France's CMA CGM have made big moves into LNG bunkering. But this week the firm announ...

S&B ANALYSIS: Gazprom Neft Sees 40.8% Bunker Sales Drop on Russian Market Collapse by Jack Jordan, Managing Editor, Ship & Bunker Thursday February 18, 2021 Russian energy producer Gazprom Neft saw its bunker sales drop by 40.8% last year as the market was hit by the combined effect of IMO 2020 and the COVID-19 pandemic. The company sold a total of 1.77 million mt of bunker fuel in 2020, according to its annual results, down from 2.99 million mt the previous year. Its bunker sales at Russian ports sank by 44.9% to 6.3% to 300,000 mt. The decline shows the scale of the problem that ...

The world's largest bunker hub has seen sales almost hold up from the artificially high level of January 2020.

Weak December Takes Panama 2020 Bunker Volumes to Record Drop by Ship & Bunker News Team Monday January 18, 2021 A sharp decline at the end of the year took Panama's Total volumes for 413,230 mt, according to preliminary data from the Panama Maritime Authority (AMP).  December's year-on-year decline will partly reflect an artificially high level at the end of 2019, when shipping companies were rushing to stock up on the new VLSFO blends before the 0.50% sulfur limit came into effect. That left total demand for 2020 at 4.7 million mt, down by 11.4% from the previous year, in the b...