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VLSFO sales slipped by 1.5% on the year to the lowest level since the fourth quarter of 2019, when 0.50% sulfur fuels were just emerging as a new market.
Last month's total was down by 2.4% from May's level and by 6.5% from June 2022.
The total was down by 11.8% from a year earlier, by 5.8% from May's level and the lowest monthly total since September 2022
The global Q2 VLSFO off-spec rate dropped to the lowest level since the end of 2021 in the second quarter, a Verifuel representative tells Ship & Bunker.
Panama's total sales reached 406,355 mt in May down by 3.5% from a year earlier and up by 5.6% from April's level.