Bunkering in Panama Loses CompetitivenessAs a hub of maritime services Singapore is winning the race against Panama, which in the past sold 60 million tons of bunker fuel but now only sells 20 million.Wednesday, October 22, 2014
This represents a 40% decline in the 'bunkering' market in Panama, due to several factors, including lack of competitiveness in fuel prices not being oil producer. Source: Panamaamerica.com.pa ¿Busca soluciones de inteligencia comercial para su empresa?Fuel Storage in PanamaMarch 2016 Total fuel storage capacity in the country is 29.8 million barrels, with Petroterminal de Panama´s tank representing 50% of the figure. Panama: $120 Million for Fuels Free ZoneMarch 2016 Construction has been announced of 9 additional storage tanks and a pier with two berths to supply 2.5 million barrels.
Regulation of the Bunker Fuel Industry in PanamaMay 2012 The Panama Maritime Chamber is calling for legislation for fuel services to cover the event of a fuel spill and the operation of ships in domestic waters related to the service. Panama: Free Trade Zone for Fuel by Year EndAugust 2010 The free trade zone in Colón, located by the port of Manzanillo, will be operated by the European company Oiltanking.
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