Led by high activity levels in the Panama Canal and across the US, the Americas region recorded a 22% quantity increase and reached a total volume of 1.4m mt for the year.
Likewise, a soaring demand across Southeast Asia, and particularly in the Port of Singapore, enabled an 80% volume increase to 900,000 mt across the region.
The year commenced with a successful IMO 2020 transition to more environmentally friendly marine fuels across the oil and shipping industries. By offering a safe port for customers throughout this anticipated industry event, Monjasa said it experienced a high activity level across all markets.
The remainder of the year was characterised by disrupted maritime trade flows following the evolving COVID-19 pandemic. As a direct consequence, the global market for marine fuels decreased substantially. Despite this overall development, Monjasa recorded an increase in volumes in each month of 2020 compared to 2019 levels.