Growth in Bunkering Business in Panama

In the first half of the year 2.4 million metric tons of marine fuel were shipped into the country's port terminals, 24% more than in the same period in 2016.

Wednesday, August 9, 2017

The start of operations of the expanded Canal is the main reason behind the increase of almost 24% in the sale of marine fuel to boats in Panamanian ports, according to representatives from the sector.  Figures from the Panama Maritime Authority report that between January and June, 2.4 million metric tons of marine fuel were traded, 461 thousand tons more than in the first half of last year. reports that "...The largest quantity of the product shipped corresponds to fuel oil, with 2.2 million MT, while the remaining 183 thousand corresponds to marine diesel."

"... In this first half of the year, statistics show a slowdown in the number of ships served compared to the volume of fuel dispatched. From 2,641 ships served in the first half of 2016, in the same period this year the figure grew to 2,991 ships, 350 more or a 13% increase."

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Panama: Bunker Sales Up 38%

December 2017

In the first nine months of the year, 2.8 million barrels of marine fuel were sold, 38% more than was sold in the same period in 2016.

According to figures from the Panama Maritime Authority (AMP), the sale of marine fuel during the first three quarters of 2017 increased by 38% in year-on-year terms, rising from 2 million barrels between January and September 2016 to 2.8 million barrels in the same period in 2017.

Fuel Storage in Panama

March 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 has a storage capacity of 29.8 million barrels of oil, according to the latest report from the country's National Energy Secretariat.

Panama: Growth in Bunkering in 2015

February 2016

In 2015 3.7 million metric tons of marine fuel were sold in Panama, 16.2% more than in 2014.

According to preliminary figures from the Maritime Authority of Panama, of the 3.7 million metric tons of marine fuel sold in 2015, 3.4 million were Fuel Oil and 252,521 Marine Diesel Oil. The number of ships catered for also increased, going from 4,699 in 2014 to 5,699 in 2015, reflecting an increase of 21.2%.

The Bunker Fuel Business in Panama

May 2013

Although the market is not growing significantly, there is still investment being made in new terminals for the storage and supply of the fuel.

"Recently the fuel terminal Melones, located in the Pacific and rated by experts as "state of the art" went into operation. The investment in this project has been estimated at between $60 million and $90 million.

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