The latest news and developments from Panama, one of the world’s most important shipping nations.
Marine fuel supplier Monjasa has deployed a new vessel in the Panama bunker market.
The company has brought the 8,839 dwt tanker Monjasa Supplier from Dubai to Panama and will be anchored off Cristobal, at the Atlantic entrance of the Panama Canal.
Monjasa Supplier is already in full operation supplying MGO and VLSFO, and for the first time the Panama Canal now sees feasible bunker only calls at Cristobal’s outer anchorage.
“Presenting modern bunkering options is an important contributor to an overall attractive global shipping hub. Panama is a great historic shipping destination and as a local partner to the maritime community, Monjasa aims to strengthen operations and evolve the bunker industry by improving tonnage quality and flexibility around the Panama Canal,” said Rasmus Jacobsen, Monjasa Managing Director Americas.
However, while smaller vessels can use the time for taking bunkers, larger vessels exceeding inner anchorage restrictions do not have the same opportunity to optimise voyage costs, instead, they have had to once again drop anchor to refuel upon arrival at Balboa.
Compared to the existing local barge fleet, Monjasa Supplier’s rough weather capabilities makes a significant difference to shipping companies by reducing idle time by 24-48 hours.
In total, Monjasa manages four vessels in the Panama Canal and currently ranks as one of the largest marine fuels suppliers in Panama. In 2019, Monjasa supplied a total of 1.15m tonnes of marine fuels across the Americas.
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