Panama: Bunker Sales Up 38%

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.

Friday, December 1, 2017

n dir="ltr">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.

During the first nine months of 2017, average monthly sales of 315 thousand barrels of marine fuel were registered, a figure that exceeds the 228 thousand barrels that were dispatched on average from January to September 2016. 

See AMP statistics (in Spanish).

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More on this topic

Growth in Bunkering Business in Panama

August 2017

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.

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. 

Panama Sells 7% More Bunker Fuel

October 2016

Between January and August 2016, 2.5 million metric tons of marine fuel were sold, 7% more than in the same period in 2015.

The biggest sales growth was recorded in January, with a rise of 17%. Although the increase between 2015 and 2016 is lower than that recorded between 2014 and 2015,   "...

Panama: Growing Business of Bunker Fuel

August 2015

The rise in prices and fuel supply problems in markets like Colombia explain the 10% increase in sales of bunker fuel in the first half of the year.

After experiencing a slight decrease in the rate of business growth, companies engaged in the storage and sale of marine or bunker fuel say they feel there is an improvement in the activity.

Panama: Sales of Marine Fuel Grow

August 2011

Investments to increase bunker fuel storage capacity are yielding good results, with sales growing by 18% in the first half of 2011.

In the first six month of 2010, a total of 2,233 ships were attended to, transporting 1,446 000 metric tonnes of oil and marine diesel.

In the same period in 2011 the total number of vessels was 2,458 and they transported 1,700,000 metric tons.

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