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Bunker sales up 9% for Monjasa in 2020

Photo: Monjasa Monjasa Server_Courtesy of Monjasa.jpg
Monjasa reported a 9% increase in bunker sales in 2020 with the most growth seen in the Americas and Southeast Asia.

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.

 

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