Weak December Takes Panama 2020 Bunker Volumes to Record Drop
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...
Source: shipandbunker.com