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Pacific Anchorage. Entrance to the Canal. Panama Bunker Market. Andres Galavis Melones Oil Terminal – Panama Miami – October 30th, 2012. Index Market Panama bunker sales volumen Bunker suppliers Storage Delivery Products and quality ( eca areas )
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Pacific Anchorage Entrance to the Canal Panama Bunker Market Andres Galavis Melones Oil Terminal – Panama Miami – October 30th, 2012
Index Market Panama bunker sales volumen Bunker suppliers Storage Delivery Products and quality (ecaareas) Canal expansion, impact in bunkers demand Conclusions
Total Transits, 2011: 14,684 Total Transits, 2010: 14,230 50% 1. Market Highdraftvessels
79% 1. Market Transshipmentscalls in theCaribean, aprox 1.500
Transshipmentports in theCaribean 1. Market
2. Panana Bunker sales volume Market Share per Ports, %
Eithersideoption, choicefactors: • Optimization of cargo capacity of thevesselsand trim of thevessel • Speed of bunkeringoperations • Better use of waiting time 2. Panana Bunker sales volume
Rio Energy 4. Bunker suppliers
Rodman 5. Storage, Pacific side
EXISTING TANKS 1,100,750 bbl / 175,000 c.m. 3x (220,150 bbl / 35,000 c.m.) 2x (110,075 bbl / 17,500 c.m.) 7x (31,450 bbl / 5,000 c.m.) NEW TANKS, Availableoct 2012 1,141,635 bbl / 181,500 c.m. 1x (220,150 bbl / 35,000 c.m.) 4x (110,075 bbl / 17,500 c.m.) 9x (53,465 bbl / 8,500 c.m.) 5. Storage, Pacific side
2,120,000 bbl / 337,000 c.m. 6x (220,000 bbl / 35,000 c.m.) 6x (100,000 bbl / 16,000 c.m.) 4x (50,000 bbl / 8,000 c.m.) 5. Storage, Pacific side 1st phase in service Nov. 2012, aprox 890,000 bbls
5. Storage, Atlantic side EXISTING TKS NEW TKS 300,000 bbl 450,000 bbl 2x 100,000 bbl 2x 150,000 bbl 2x 50,000 1x 100,000 bbl 1x 50,000 bbl
5. Storage, Atlantic side Constructionhas begun and open foroperationsfourthQ 2013 1.2 millionbarrels of storage
5. Storage, Atlantic side Bahia las Minas Phase 1 (operational in Q4 2012) 3 x 31,700 m³ 3 x 40,000 m³ Phase 2 (operational in Q1 2013) 4 x 10,000 m³ 6 x 20,000 m³ 7 x 40,000 m³ Phase 3 & 4 (operational in Q4 2015 & Q2 2020) 13 x 10,000 m³ 23 x 20,000 m³ 13 x 40,000 m³
6. Delivery In Panama 98% isbargedelivered
6. Delivery -no single hull barges as of June 1st, 2012
MARPOL, Annex I, Enforcement, May, 31, 2012 Allvesselstransporting heavy fuels in thejurisdictionalwaters of theRepublic of Panama, mustbedoublehulled. 6. Delivery
7. Products and qualities, ECA´s ECA Areas: 1.00% S UE: Ports & inland waters: 0.10% S CARB, 24 NM: DMA: 1.5 %S Max.; DMB: 0.5 %S Max Global: 3.5 %S
HSFO RMG 380, Sulphurmax. 3.50% • HSFO RME 180, Sulphurmax. 3.50% • IFO´s • DMA, Sulphurmax. 0.50% • LSGO, Sulphurmax. 0.10% • LSFO RMG 380, Sulphurmax. 1.00% 7. Products and qualities, ECA´s
Considerations: • Natural increase of internationaltrade. • Possiblechanges in patterns of routesduetoanexpanded Canal Canal expansion, impact in bunkers demand
Canal expansion, impact in bunkers demand Real 2011: 322 M. de CP-SUAB* 6.67% deviation * El Canal de Panamá / Sistema Universal de (PC / UMS)para fines de facturación Panamá Canal. PC / UMS se basa en una fórmula matemática para calcular el volumen total del buque; Una tonelada CP / SUAB neto es equivalente a 100 pies cúbicos de capacidad
Canal expansion, impact in bunkers demand Panama Ports Company – Cristobal Panama Ports Company - Balboa Manzanillo International Terminal (MIT) Colon Container Terminal
Canal expansion, impact in bunkers demand Othertraffics: The routepacific-atlantic and viceversa shall be more competitivedueto use of largervessels. The possibilityto full load actual panamax up to 29% more, willbringbiggercargoesand willoptimisecosts
Canal expansion, Risks • Slowdown in WorldEconomyrecovery • Arcticroute
The new Panama Canal couldchangepatterns of routesand so new cargo and vesselpassingthrough de Canal. • Transshipmentactivities shall be the most important and willbring more changesto the Canal. • Geographicallocation shall remain as a key factor forsuccess. • Allrange of productsmust be offeredto be ableto compete in a global market. • New terminalswill displace theoldones and willmakePanama more competitive Conclusions
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