Panama bunker sales climb in March<\/p>\n
Sales of VLSFO and LSMGO increased both on a total and daily average basis.<\/p>\n
Changes in Panama bunker fuel sales from February to March:<\/p>\n
\u2022 Total sales up 54,000 mt to 498,000 mt<\/p>\n
\u2022 VLSFO sales up 42,000 mt to 320,000 mt<\/p>\n
\u2022 LSMGO sales up 5,000 mt to 47,000 mt<\/p>\n
\u2022 HSFO sales up 6,000 mt to 120,000 mt<\/p>\n
\u2022 0.5% MGO sales up 400 mt to 10,700 mt<\/p>\n
Panama\u2019s March sales have increased from February, with VLSFO driving most of the month-on-month growth, according to preliminary data from the Panama Maritime Authority.<\/p>\n
VLSFO sales have risen by about 15% in March, while LSMGO volumes have increased by around 12%. HSFO sales have also edged higher, up by roughly 5% monthly.<\/p>\n
Total sales have averaged about 16,100 mt\/day in March, up from around 15,900 mt\/day in February.<\/p>\n
A total of 696 ships have bunkered at Panama\u2019s ports in March, up from 609 ships in February, while the number of barges operating remains steady at 31.<\/p>\n
The average stem size has declined to around 715 mt, from 729 mt in the previous month.<\/p>\n
VLSFO has remained the dominant grade in Panama\u2019s bunker market in March, accounting for around 64% of total sales.<\/p>\n
HSFO\u2019s share has held at about 24%, while MGO volumes have made up roughly 11% of overall sales.<\/p>\n
In Panama, bunker demand remains robust and prices are high, with availability showing improvement compared to last week, a trader told ENGINE.<\/p>\n
In both Balboa and Cristobal, the recommended lead times stand at 3\u20135 days for VLSFO and LSMGO, while HSFO requires slightly longer, at 4\u20137 days.<\/p>\n
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