Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Thu 4 Jan 2018, 12:43 GMT

Panama ships consumed the most bunker fuel in 2015: report


Ships registered in Panama are estimated to have consumed 43.9 million tonnes of fuel in 2015.

Panama-flagged ships consumed more bunker fuel than any other country in 2015, according to a report published by the International Council on Clean Transportation (ICCT).

The study, entitled 'Black carbon emissions and fuel use in global shipping 2015', calculates that ships registered in Panama used 43.9 million tonnes of bunkers in 2015, representing 16.5 percent of the total amount consumed (266.275 million tonnes) by vessels globally.

According to the report, five flag states - Panama, China, Liberia, Marshall Islands and Singapore - consumed 137 million tonnes of fuel in 2015, which was equivalent to 52 percent of total fuel consumption by ships.

Bulk carriers (15.1 million tonnes) and container ships (10.4 million tonnes) together made up more than half of Panama's total.

China-flagged vessels were ranked second in the report, with consumption assessed at 27.9 million tonnes. Container ships represented 9.7 million tonnes of the country's total, and bulk carriers 9.5 million tonnes.

Liberia (27.2 million tonnes), Marshall Islands (20.6 million tonnes) and Singapore (17.5 million tonnes) made up the rest of the top five flag states.

In Liberia and Singapore, boxship consumption was ranked above the other vessel type categories at 12.1 million tonnes and 6.9 million tonnes respectively. In Marshall Islands, meanwhile, bulk carriers were deemed to have consumed the most fuel, 6.3 million tonnes, in 2015.

Nicklas Mikkelsen, Malik Supply. Malik Supply hires first trader for new Dubai office  

Nicklas Mikkelsen joins Danish bunker supplier ahead of January 2026 launch.
Tallink’s MyStar vessel. Tallink's MyStar joins Gasum's FuelEU Maritime compliance pool using bio-LNG  

Nordic energy company Gasum signs pooling agreement with Elenger to generate compliance surplus.
Methane Abatement in Maritime Innovation Initiative (MAMII) speakers. Maritime coalition gathers in Brussels to advance methane measurement and abatement technologies  

MAMII convenes shipowners, engine makers, and policymakers to accelerate methane reduction from LNG-fueled vessels.
Green oil bubbles. BIMCO delays biofuel clause for time charters to spring 2026  

Maritime organisation pushes back publication to address safety, technical requirements, and industry feedback.
Group photo of participants at the REMPEC expert meeting. Mediterranean moves closer to nitrogen oxide emission controls  

Expert meeting endorses feasibility study with 2032 target for Med NOx ECA implementation.
Seaboard Venture naming ceremony. Sanfu Shipbuilding delivers final 3,500 TEU dual-fuel container ship to US owner  

Taizhou-based shipyard completes first batch of LNG-powered vessels with "zero accidents, zero delays".
Aerial view of a container vessel. FuelEU Maritime regulation reshapes ship management contracts, DNV says  

DNV's Emissions Connect aims to provide neutral data for commercial negotiations under new rules.
Illustration of Scales of Justice with cargo ship and penalty block. FuelEU penalties spark contract disputes as first-year compliance costs emerge  

Shipowners and charterers negotiate biofuel handling, payment timing, and multiplier penalties under new regulations.
Marina Bay Sands, Singapore. Singapore tops first global container port ranking by DNV and Menon Economics  

The port leads across all five assessment pillars in inaugural industry report.
Jack Spyros Pringle, Lloyd’s Register. Marine fuel procurement becomes strategic imperative as regulatory pressures mount: LR  

Operators must adopt comprehensive fuel strategies amid supply constraints and compliance costs, says Lloyd's Register.

↑  Back to Top


 Recommended