#Intermediate Fuel Oil (IFO)
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Bunker Fuel Market 2023 Ongoing Trends and Recent Developments
The bunker fuel market refers to the global industry involved in the production, distribution, and consumption of bunker fuel. Bunker fuel, also known as marine fuel, is a type of fuel specifically designed for use in ships and large marine vessels. It is a heavy fuel oil derived from crude oil and is used to power ships’ engines.
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Key aspects of the bunker fuel market include:
Market Size and Demand: The bunker fuel market is significant in terms of volume and value. The demand for bunker fuel is primarily driven by the global shipping industry, which relies on it as the primary source of energy for propulsion. The market size is influenced by factors such as international trade, economic growth, and maritime regulations.
Types of Bunker Fuel: Bunker fuel is categorized into different types or grades based on its viscosity, sulfur content, and other properties. The most commonly used grades are IFO (Intermediate Fuel Oil) and MGO (Marine Gas Oil). However, stricter environmental regulations, such as the International Maritime Organization’s (IMO) sulfur cap, have led to the development and adoption of low-sulfur alternatives like LSFO (Low-Sulfur Fuel Oil) and LNG (Liquefied Natural Gas).
Pricing and Cost Factors: Bunker fuel prices are influenced by various factors, including crude oil prices, refining costs, supply and demand dynamics, geopolitical events, and environmental regulations. The cost of bunker fuel represents a significant portion of a ship’s operating expenses, and fluctuations in prices can impact the profitability of shipping companies.
Environmental Regulations: Environmental concerns have played a crucial role in shaping the bunker fuel market. The IMO’s regulations, such as the MARPOL Convention, impose limits on the sulfur content in bunker fuel to reduce air pollution from ships. The sulfur cap, which came into effect in 2020, significantly impacted the market as ship operators had to either switch to low-sulfur fuels or adopt alternative compliance methods like exhaust gas cleaning systems (scrubbers).
Market Players and Supply Chain: The bunker fuel market involves various stakeholders, including oil refineries, fuel suppliers, traders, shipping companies, and ports. Major oil companies, such as ExxonMobil, BP, and Shell, are key players in the production and supply of bunker fuel. Ports and bunker hubs serve as strategic locations for fuel bunkering operations, catering to the refueling needs of ships.
Emerging Trends: The bunker fuel market is experiencing ongoing developments and shifts. The industry is increasingly exploring cleaner and more sustainable alternatives to traditional bunker fuels, including biofuels, hydrogen, and ammonia. The adoption of alternative fuels and technologies is driven by the need to reduce greenhouse gas emissions and comply with stricter environmental regulations.
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Bunker Fuel Market Size, Status, Top Emerging Trends, Growth and Business Opportunities 2025
Between 2019 and 2020, the world commercial fleet witnessed robust expansion by 81 million dwt (UNCTADstat). Bulk carriers have particularly been seeing noteworthy growth in terms of tonnage. It has been observed that LNG tankers are also gaining more prominence. An expanding fleet of both commercial, as well as recreational vessels having routine operations along international routes promise massive growth in bunker fuel consumption in the near future.
A new ongoing study of Fairfield Market Research suggests that the world trade is fast recovering after a significant setback throughout 2020. With supply chains, logistics, and shipping operations coming back on the track, bunker fuel sales are also regaining momentum. The report expects global bunker fuel market to benefit from the recently flourishing liquified natural gas (LNG) trade, and consequently growing preference for LNG-based vessels in trade.
Get a Sample Copy of Bunker Fuel Market: https://www.fairfieldmarketresearch.com/report/bunker-fuel-market
Opportunities Abound for Low-sulphur Oil, and LNG
Aggravating environmental concerns worldwide has been pushing industries toward adoption of clean/green fuels. The otherwise preferred heavy fuel oil (HFO) is thus expected to witness a significant fall in consumption in the near future. Since 2020, as the International Maritime Organization (IMO) imposed a 0.50% global sulphur cap, the market expects a steep drop in shares of heavy sulphur oils in the market. Similarly, the other popular bunker fuel choices such as intermediate fuel oil 380 (IFO 380), intermediate fuel oil 180 (IFO 180), marine diesel oil (MDO), marine gasoil (MGO), and marine fuel oil (MFO) are also projected to lose their shares in market. This will in contrary push both low-sulphur oil, and LNG as the newly preferred bunker fuel alternatives.
China Remains the Global Leader
Banking on the strongest contenders like China, Japan, India, Australia, and Singapore, Asia Pacific retains the top spot in global bunker fuel landscape. Chinese market especially remains at the forefront, with yearly market valuation of over US$10 Bn. Dominance of China has been attributed to the country’s thriving marine trade scenes in addition to the scaling refining capacities.
On its way to place itself as the world’s most influential marine fuel hub, China is soon likely to outweigh other North Asian markets. Adopting the underbidding strategy, China continues to be the world’s most dynamic container port that could manage to sustain the bunker fuel scenario despite all the disruptions amid COVID-19 pandemic. The country is also witnessing emergence of multiple ports over the recent past, which will remain the prime contributor to the expansion of bunker fuel landscape of Asia Pacific. The report also highlights lucrative opportunities in Australia, and Singapore.
Bunker Fuel Market Competition
Royal Dutch Shell PLC, PETRONAS Global, Exxon Mobil Corporation, Total SE, Valero Energy Corporation, Chevron Corporation, Saudi Arabian Oil Company, World Fuel Services Corporation, The PJSC Lukoil Oil Company, BP p.l.c., Sinopec Group, Gazprom Neft PJSC, Neste Oyj, Bomin Bunker Oil Corp, Minerve Bunkering, Marathon Petroleum Corporation, and Gac Bunker Fuels Limited are some of the leading competitors in global bunker fuel landscape. Fairfield Market Research uncovers exclusive insights on the strategic developments of key companies, in the report.
For More Information Visit: https://www.fairfieldmarketresearch.com/report/bunker-fuel-market
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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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Global Bunker Fuel Oil Market Statistics, Insights and Updates 2019
Summary
A new market study, titled “Global Bunker Fuel Oil Market Report 2019, Competitive Landscape, Trends and Opportunities ” has been featured on WiseGuyReports.
The Bunker Fuel Oil market has witnessed growth from USD XX million to USD XX million from 2014 to 2019. With the CAGR of X.X%, this market is estimated to reach USD XX million in 2026.
The report mainly studies the size, recent trends and development status of the Bunker Fuel Oil market, as well as investment opportunities, government policy, market dynamics (drivers, restraints, opportunities), supply chain and competitive landscape. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Porter's Five Forces Analysis (potential entrants, suppliers, substitutes, buyers, industry competitors) provides crucial information for knowing the Bunker Fuel Oil market.
ALSO READ: https://www.abnewswire.com/pressreleases/global-bunker-fuel-oil-market-2019-analysis-opportunities-forecast-to-2026_447229.html
Top Key Vendors In The Global Bunker Fuel Oil Market Include:
Gazpromneft
Exxon Mobil
Shell
Alliance Oil Company
China Marine Bunker
Lukoil-Bunker
Bunker Holding
Southern Pec
Chemoil
World Fuel Services
Total Marine Fuel
Sinopec
Shanghai Lonyer Fuels
On The Basis Of Types, The Bunker Fuel Oil Market Is Primarily Split Into:
Intermediate Fuel Oil (IFO) 180
Intermediate Fuel Oil (IFO) 380
Intermediate Fuel Oil (IFO) 500
Intermediate Fuel Oil (IFO) 700
MDO/MGO
Low Sulfur (LS) 380
Low Sulfur (LS) 180
On The Basis Of Applications, The Market Covers:
Container
Bulker vessels
Oil Tanker
General Cargo
Chemical Tanker
Fishing Vessels
Gas Tanker
Others
Geographically, the report includes the research on production, consumption, revenue, market share and growth rate, and forecast (2014-2026) of the following regions:
United States
Europe (Germany, UK, France, Italy, Spain, Russia, Poland)
China
Japan
India
Southeast Asia (Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)
Central and South America (Brazil, Mexico, Colombia)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
Other Regions
Chapter 1 provides an overview of Bunker Fuel Oil market, containing global revenue, global production, sales, and CAGR. The forecast and analysis of Bunker Fuel Oil market by type, application, and region are also presented in this chapter.
Chapter 2 is about the market landscape and major players. It provides competitive situation and market concentration status along with the basic information of these players.
Chapter 3 provides a full-scale analysis of major players in Bunker Fuel Oil industry. The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered.
Chapter 4 gives a worldwide view of Bunker Fuel Oil market. It includes production, market share revenue, price, and the growth rate by type.
Chapter 5 focuses on the application of Bunker Fuel Oil, by analyzing the consumption and its growth rate of each application.
Chapter 6 is about production, consumption, export, and import of Bunker Fuel Oil in each region.
Chapter 7 pays attention to the production, revenue, price and gross margin of Bunker Fuel Oil in markets of different regions. The analysis on production, revenue, price and gross margin of the global market is covered in this part.
Chapter 8 concentrates on manufacturing analysis, including key raw material analysis, cost structure analysis and process analysis, making up a comprehensive analysis of manufacturing cost.
Chapter 9 introduces the industrial chain of Bunker Fuel Oil. Industrial chain analysis, raw material sources and downstream buyers are analyzed in this chapter.
Chapter 10 provides clear insights into market dynamics.
Chapter 11 prospects the whole Bunker Fuel Oil market, including the global production and revenue forecast, regional forecast. It also foresees the Bunker Fuel Oil market by type and application.
Chapter 12 concludes the research findings and refines all the highlights of the study.
Chapter 13 introduces the research methodology and sources of research data for your understanding.
Years Considered For This Report:
Historical Years: 2014-2018
Base Year: 2019
Estimated Year: 2019
Forecast Period: 2019-2026
FOR MORE DETAILS – https://www.wiseguyreports.com/reports/4534163-global-bunker-fuel-oil-market-report-2019-competitive
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 203 500 2763 (UK)
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Bunker Fuel Market to Witness Increase in Revenues by 2018-2026
Market Scenario
Global Bunker Fuel Market was valued US $ 100.8 bn in 2017 and is expected to reach US$ 160.02 bn by 2026, at a CAGR of 6.05 % during a forecast period.
Global bunker fuel market is segmented into fuel grade, seller type, end user and geography. Based on fuel grades, the bunker fuel market is categorized into marine gas oil/marine diesel oil (MGO/MDO), intermediate fuel oil (IFO) 380, IFO 180 and IFO Others. On the basis of seller type, the bunker fuel market is categorized into oil producers, large independent distributors, and small independent distributors. The end users of bunker fuel encompass tanker vessels, container vessels, and bulk and general cargo vessels. Based on region, the bunker fuel market is spread by Europe, North America, Asia Pacific, Latin America, and Middle East and Africa.
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The growing number of shipping vessels is resulting in the increased consumption of fuels used in ship bunkers. Fast increase in the bunker requirement for the storage of fuel and the growing hydrocarbon resource development activities in offshore areas are driving the growth in the global bunker fuel market. Furthermore, decreasing fuel consumption as a result of the introduction of fuel-efficient vessels is limiting the growth in the global bunker fuel market.
Global Bunker Fuel Market
Intermediate fuel oil (IFO) 380 is estimated to grow at a significant rate in the global bunker fuel market owing to most of the ship engines are capable of combusting this fuel. This is the most favoured fuel grade owing to its cheapest cost.
Large independent distributors is expected to hold a substantial growth in the bunker fuel market. This growth can be attributed owing to distributors have multiple physical resources, such as blending services and storage terminuses in major bunkering ports. This bounces them economical advantage over small independent distributors.
Bulk and general cargo vessels is expected to dominant the large market share in the bunker fuel market during the forecast period, owing to the popular of the transportation of goods is conceded out through bulk and general cargo vessels.
Asia Pacific hold the large market share in the Global bunker fuel market. This large share can be attributed owing to the presence of major shipping key players in the developing economies such as China, India, South Korea, and Japan. However augmented exports from Asia Pacific to the European and North American countries are resulting in the demand for shipping vessels which is positively impacting the growth of the bunker fuel industry. Swift industrialization and commercialization in developing countries such as China, India, Vietnam, and the Philippines, exports as well as imports have risen expressively the growth in the Bunker Fuel Market.
Some of the major key players in the Global bunker fuel market includes, BP PLC, Bunker Holding A/S, Chemoil Energy Ltd., Exxon Mobil, Gazprom Neft PJSC, GAC Bunker Fuels Ltd., KPI Bridge Oil A/S, and Royal Dutch Shell PLC, Aegean Marine Petroleum Network Inc., and Bomin Bunker Oil Corp.
Scope of the Global Bunker Fuel Markets
Global Bunker Fuel Market, By Fuel Grade
• IFO 380
• IFO 180
• IFO Others
• MGO/MDO
Global Bunker Fuel Market, By Seller Type
• Major Oil Companies
• Leading Independent Distributors
• Small Independent Distributors
Global Bunker Fuel Market, By End User
• Container Vessels
• Tankers Vessels
• Bulk & General Cargo Vessels
• Other Vessels
Global Bunker Fuel Market, By Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key players in Global Bunker Fuel Market
• Aegean Marine Petroleum Network Inc.,
• Bomin Bunker Oil Corp.,
• BP PLC,
• Bunker Holding A/S,
• Chemoil Energy Ltd.,
• Gazprom Neft PJSC,
• AC Bunker Fuels Ltd.,
• KPI Bridge Oil A/S
• Royal Dutch Shell PLC.
• Exxon Mobil
• World Fuel Services
• Shell
• China Marine Bunker
• Bunker Holding
• Total Marine Fuel
• Bright Oil
• Sinopec
• GAC
• China Changjiang Bunke
• Southern Pec
• Lukoil-Bunker
• Alliance Oil Company
• Shanghai Lonyer Fuels
Covid 19 Impact Analysis@
https://www.trendsmarketresearch.com/report/covid-19-analysis/11380
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June 2021 Report on Global BUNKER FUEL OIL Market Overview, Size, Share and Trends 2021-2026
Aimed to provide most segmented consumption and sales data of different types of Bunker Fuel Oil, downstream consumption fields and competitive landscape in different regions and countries around the world, this report analyzes the latest market data from the primary and secondary authoritative source.
The report also tracks the latest market dynamics, such as driving factors, restraining factors, and industry news like mergers, acquisitions, and investments. It provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries.
The report can help to understand the market and strategize for business expansion accordingly. In the strategy analysis, it gives insights from marketing channel and market positioning to potential growth strategies, providing in-depth analysis for new entrants or exists competitors in the Bunker Fuel Oil industry.
The report focuses on the top players in terms of profiles, product analysis, sales, price, revenue, and gross margin.
Major players covered in this report:
ALSO READ : http://www.marketwatch.com/story/global-shoe-store-software-market-overview-size-share-and-trends-2021-2021-05-10
Total Marine Fuel
Lukoil-Bunker
Southern Pec
Bunker Holding
Gazpromneft
China Marine Bunker
Sinopec
Chemoil
Shanghai Lonyer Fuels
Shell
Alliance Oil Company
Exxon Mobil
World Fuel Services
By Type:
Intermediate Fuel Oil (IFO) 180
Intermediate Fuel Oil (IFO) 380
Intermediate Fuel Oil (IFO) 500
Intermediate Fuel Oil (IFO) 700
MDO/MGO
Low Sulfur (LS) 380
Low Sulfur (LS) 180
By Application:
Container
Bulker vessels
Oil Tanker
General Cargo
Chemical Tanker
Fishing Vessels
Gas Tanker
Others
ALSO READ : http://www.marketwatch.com/story/global-electric-rickshaw-battery-industry-market-by-type-by-application-by-segmentation-by-region-and-by-country-2020-2021-05-10
Geographically, the regional consumption and value analysis by types, applications, and countries are included in the report. Furthermore, it also introduces the major competitive players in these regions.
Major regions covered in the report:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Country-level segmentation in the report:
United States
Germany
UK
France
Italy
Spain
Poland
Russia
China
Japan
India
Indonesia
Thailand
Philippines
Malaysia
Singapore
Vietnam
Brazil
Saudi Arabia
United Arab Emirates
Qatar
Bahrain
ALSO READ : http://www.marketwatch.com/story/global-usa-telecom-compute-and-storage-infrastructure-market-insights-overview-analysis-and-forecast-2015-2026-2021-05-11
Years considered for this report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2020-2027
Table of Content
1.1 Bunker Fuel Oil Introduction
1.2 Market Analysis by Type
1.2.1 Intermediate Fuel Oil (IFO) 180
1.2.2 Intermediate Fuel Oil (IFO) 380
1.2.3 Intermediate Fuel Oil (IFO) 500
1.2.4 Intermediate Fuel Oil (IFO) 700
1.2.5 MDO/MGO
1.2.6 Low Sulfur (LS) 380
1.2.7 Low Sulfur (LS) 180
1.3 Market Analysis by Application
ALSO READ : http://www.marketwatch.com/story/global-multi-user-kvm-switches-market-outlook-industry-analysis-and-prospect-2021-2026-2021-05-11
1.3.1 Container
1.3.2 Bulker vessels
1.3.3 Oil Tanker
1.3.4 General Cargo
1.3.5 Chemical Tanker
1.3.6 Fishing Vessels
1.3.7 Gas Tanker
1.3.8 Others
1.4 Market Analysis by Region
ALSO READ : http://www.marketwatch.com/story/global-meal-replacement-bars-market-size-share-value-and-competitive-landscape-forecast-year-2021-2026-2021-05-12
1.4.1 United States Market States and Outlook (2015-2027)
1.4.2 Europe Market States and Outlook (2015-2027)
1.4.3 China Market States and Outlook (2015-2027)
1.4.4 Japan Market States and Outlook (2015-2027)
1.4.5 Southeast Asia Market States and Outlook (2015-2027)
1.4.6 India Market States and Outlook (2015-2027)
1.4.7 Brazil Market States and Outlook (2015-2027)
1.4.8 GCC Countries Market States and Outlook (2015-2027)
1.5 Market Dynamics and Development
1.5.1 Merger, Acquisition and New Investment
1.5.2 Market SWOT Analysis
1.5.3 Drivers
1.5.4 Limitations
1.5.5 Opportunities and Development Trends
1.6 Global Bunker Fuel Oil Market Size Analysis from 2015 to 2027
….. continued
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Global Bunker Fuel Oil Market - Industry Analysis, Size, Share, Growth, Trends and Forecast - 2020
Title - Global Bunker Fuel Oil Market Report 2020, Competitive Landscape, Trends and Opportunities Summary - A new market study, titled” Global Bunker Fuel Oil Market Report 2020, Competitive Landscape, Trends and Opportunities,” has been featured on WiseGuyReports
PR Body
The Bunker Fuel Oil market has witnessed growth from USD XX million to USD XX million from 2014 to 2019. With the CAGR of X.X%, this market is estimated to reach USD XX million in 2026.
The report mainly studies the size, recent trends and development status of the Bunker Fuel Oil market, as well as investment opportunities, government policy, market dynamics (drivers, restraints, opportunities), supply chain and competitive landscape. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Porter's Five Forces Analysis (potential entrants, suppliers, substitutes, buyers, industry competitors) provides crucial information for knowing the Bunker Fuel Oil market.
Top Key Vendors In The Global Bunker Fuel Oil Market Include:
Gazpromneft
Exxon Mobil
Shell
Alliance Oil Company
China Marine Bunker
Lukoil-Bunker
Bunker Holding
Southern Pec
Chemoil
World Fuel Services
Total Marine Fuel
Sinopec
Shanghai Lonyer Fuels
On The Basis Of Types, The Bunker Fuel Oil Market Is Primarily Split Into:
Intermediate Fuel Oil (IFO) 180
Intermediate Fuel Oil (IFO) 380
Intermediate Fuel Oil (IFO) 500
Intermediate Fuel Oil (IFO) 700
MDO/MGO
Low Sulfur (LS) 380
Low Sulfur (LS) 180
On The Basis Of Applications, The Market Covers:
Container
Bulker vessels
Oil Tanker
General Cargo
Chemical Tanker
Fishing Vessels
Gas Tanker
Others
ALSO READ: https://www.abnewswire.com/pressreleases/global-bunker-fuel-oil-market-2019-analysis-opportunities-forecast-to-2026_447229.html
Geographically, the report includes the research on production, consumption, revenue, market share and growth rate, and forecast (2014-2026) of the following regions:
United States
Europe (Germany, UK, France, Italy, Spain, Russia, Poland)
China
Japan
India
Southeast Asia (Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)
Central and South America (Brazil, Mexico, Colombia)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
Other Regions
Chapter 1 provides an overview of Bunker Fuel Oil market, containing global revenue, global production, sales, and CAGR. The forecast and analysis of Bunker Fuel Oil market by type, application, and region are also presented in this chapter.
Chapter 2 is about the market landscape and major players. It provides competitive situation and market concentration status along with the basic information of these players.
Chapter 3 provides a full-scale analysis of major players in Bunker Fuel Oil industry. The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered.
Chapter 4 gives a worldwide view of Bunker Fuel Oil market. It includes production, market share revenue, price, and the growth rate by type.
Chapter 5 focuses on the application of Bunker Fuel Oil, by analyzing the consumption and its growth rate of each application.
Chapter 6 is about production, consumption, export, and import of Bunker Fuel Oil in each region.
Chapter 7 pays attention to the production, revenue, price and gross margin of Bunker Fuel Oil in markets of different regions. The analysis on production, revenue, price and gross margin of the global market is covered in this part.
Chapter 8 concentrates on manufacturing analysis, including key raw material analysis, cost structure analysis and process analysis, making up a comprehensive analysis of manufacturing cost.
Chapter 9 introduces the industrial chain of Bunker Fuel Oil. Industrial chain analysis, raw material sources and downstream buyers are analyzed in this chapter.
Chapter 10 provides clear insights into market dynamics.
Chapter 11 prospects the whole Bunker Fuel Oil market, including the global production and revenue forecast, regional forecast. It also foresees the Bunker Fuel Oil market by type and application.
Chapter 12 concludes the research findings and refines all the highlights of the study.
Chapter 13 introduces the research methodology and sources of research data for your understanding.
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/4534163-global-bunker-fuel-oil-market-report-2019-competitive
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 203 500 2763 (UK)
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Bunker Fuel Market to Witness over X.X% Growth 'in Revenue During the COVID-19 Pandemic
Market Scenario
Global Bunker Fuel Market was valued US $ 100.8 bn in 2017 and is expected to reach US$ 160.02 bn by 2026, at a CAGR of 6.05 % during a forecast period.
Global bunker fuel market is segmented into fuel grade, seller type, end user and geography. Based on fuel grades, the bunker fuel market is categorized into marine gas oil/marine diesel oil (MGO/MDO), intermediate fuel oil (IFO) 380, IFO 180 and IFO Others. On the basis of seller type, the bunker fuel market is categorized into oil producers, large independent distributors, and small independent distributors. The end users of bunker fuel encompass tanker vessels, container vessels, and bulk and general cargo vessels. Based on region, the bunker fuel market is spread by Europe, North America, Asia Pacific, Latin America, and Middle East and Africa.
Request For Report Sample@ https://www.trendsmarketresearch.com/report/sample/11380\
The growing number of shipping vessels is resulting in the increased consumption of fuels used in ship bunkers. Fast increase in the bunker requirement for the storage of fuel and the growing hydrocarbon resource development activities in offshore areas are driving the growth in the global bunker fuel market. Furthermore, decreasing fuel consumption as a result of the introduction of fuel-efficient vessels is limiting the growth in the global bunker fuel market.
Global Bunker Fuel Market
Intermediate fuel oil (IFO) 380 is estimated to grow at a significant rate in the global bunker fuel market owing to most of the ship engines are capable of combusting this fuel. This is the most favoured fuel grade owing to its cheapest cost.
Large independent distributors is expected to hold a substantial growth in the bunker fuel market. This growth can be attributed owing to distributors have multiple physical resources, such as blending services and storage terminuses in major bunkering ports. This bounces them economical advantage over small independent distributors.
Bulk and general cargo vessels is expected to dominant the large market share in the bunker fuel market during the forecast period, owing to the popular of the transportation of goods is conceded out through bulk and general cargo vessels.
Asia Pacific hold the large market share in the Global bunker fuel market. This large share can be attributed owing to the presence of major shipping key players in the developing economies such as China, India, South Korea, and Japan. However augmented exports from Asia Pacific to the European and North American countries are resulting in the demand for shipping vessels which is positively impacting the growth of the bunker fuel industry. Swift industrialization and commercialization in developing countries such as China, India, Vietnam, and the Philippines, exports as well as imports have risen expressively the growth in the Bunker Fuel Market.
Some of the major key players in the Global bunker fuel market includes, BP PLC, Bunker Holding A/S, Chemoil Energy Ltd., Exxon Mobil, Gazprom Neft PJSC, GAC Bunker Fuels Ltd., KPI Bridge Oil A/S, and Royal Dutch Shell PLC, Aegean Marine Petroleum Network Inc., and Bomin Bunker Oil Corp.
Get Complete TOC with Tables and Figures@
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Scope of the Global Bunker Fuel Markets
Global Bunker Fuel Market, By Fuel Grade
• IFO 380
• IFO 180
• IFO Others
• MGO/MDO
Global Bunker Fuel Market, By Seller Type
• Major Oil Companies
• Leading Independent Distributors
• Small Independent Distributors
Global Bunker Fuel Market, By End User
• Container Vessels
• Tankers Vessels
• Bulk & General Cargo Vessels
• Other Vessels
Global Bunker Fuel Market, By Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key players in Global Bunker Fuel Market
• Aegean Marine Petroleum Network Inc.,
• Bomin Bunker Oil Corp.,
• BP PLC,
• Bunker Holding A/S,
• Chemoil Energy Ltd.,
• Gazprom Neft PJSC,
• AC Bunker Fuels Ltd.,
• KPI Bridge Oil A/S
• Royal Dutch Shell PLC.
• Exxon Mobil
• World Fuel Services
• Shell
• China Marine Bunker
• Bunker Holding
• Total Marine Fuel
• Bright Oil
• Sinopec
• GAC
• China Changjiang Bunke
• Southern Pec
• Lukoil-Bunker
• Alliance Oil Company
• Shanghai Lonyer Fuels
Get Full Report Analysis @ https://www.trendsmarketresearch.com/report/analysis/MMR/global-bunker-fuel-market
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Global Bunker Fuel Market
Global Bunker Fuel Market was valued US $ 106.90 Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period. The growing number of shipping vessels are resulting in the increased consumption of fuels used in ship bunkers. Fast increase in the bunker requirement for the storage of fuel and the growing hydrocarbon resource development activities in offshore areas are driving the growth in the global bunker fuel market.
Furthermore, decreasing fuel consumption as a result of the introduction of fuel-efficient vessels are limiting the growth in the global bunker fuel market. Global bunker fuel market is segmented into fuel grade, seller type, end user and geography. Based on fuel grades, the bunker fuel market is segmented into marine gas oil/marine diesel oil (MGO/MDO), intermediate fuel oil (IFO) 380, IFO 180 and IFO Others.
On the basis of seller type, the bunker fuel market is segmented into oil producers, large independent distributors, and small independent distributors. The end users of bunker fuel encompass tanker vessels, container vessels, and bulk and general cargo vessels. Based on region, the bunker fuel market is segmented by Europe, North America, Asia Pacific, Latin America, and Middle East and Africa.
Intermediate fuel oil (IFO) 380 is estimated to grow at a significant rate in the global bunker fuel market owing to most of the ship engines are capable of combusting this fuel. This is the most favored fuel grade owing to its cheapest cost. Large independent distributors are expected to hold a substantial growth in the bunker fuel market. This growth can be attributed owing to distributors have multiple physical resources, such as blending services and storage terminuses in major bunkering ports. This bounces them economical advantage over small independent distributors. Bulk and general cargo vessels are expected to dominant the large market share in the bunker fuel market during the forecast period, owing to the popular of the transportation of goods are conceded out through bulk and general cargo vessels.
Asia Pacific is hold the XX% market share in the Global bunker fuel market. This XX% share can be attributed owing to the presence of major shipping key players in the developing economies such as China, India, South Korea, and Japan. However augmented exports from Asia Pacific to the European and North American countries are resulting in the demand for shipping vessels which is positively impacting the growth of the bunker fuel industry.
Swift industrialization and commercialization in developing countries such as China, India, Vietnam, and the Philippines, exports as well as imports have risen expressively the growth in the Bunker Fuel Market. Some of the major key players in the Global bunker fuel market includes, BP PLC, Bunker Holding A/S, Chemoil Energy Ltd., Exxon Mobil, Gazprom Neft PJSC, GAC Bunker Fuels Ltd., KPI Bridge Oil A/S, and Royal Dutch Shell PLC, Aegean Marine Petroleum Network Inc., and Bomin Bunker Oil Corp. The objective of the report is to present a comprehensive analysis of the Global Bunker Fuel Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Bunker Fuel Market dynamics, structure by analyzing the market segments and project the Global Bunker Fuel Market size.
Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Bunker Fuel Market make the report investor’s guide.
For more information to visit: https://www.maximizemarketresearch.com/market-report/global-bunker-fuel-market/20760/
Scope of the Global Bunker Fuel Markets
Global Bunker Fuel Market, By Fuel Grade
• IFO 380 • IFO 180 • IFO Others • MGO/MDO
Global Bunker Fuel Market, By Seller Type
• Major Oil Companies • Leading Independent Distributors • Small Independent Distributors
Global Bunker Fuel Market, By End User
• Container Vessels • Tankers Vessels • Bulk & General Cargo Vessels • Other Vessels
Global Bunker Fuel Market, By Geography
• North America • Europe • Asia Pacific • Middle East & Africa • Latin America
Key players in Global Bunker Fuel Market
• Aegean Marine Petroleum Network Inc., • Bomin Bunker Oil Corp., • BP PLC, • Bunker Holding A/S, • Chemoil Energy Ltd., • Gazprom Neft PJSC, • AC Bunker Fuels Ltd., • KPI Bridge Oil A/S • Royal Dutch Shell PLC. • Exxon Mobil • World Fuel Services • Shell • China Marine Bunker • Bunker Holding • Total Marine Fuel • Bright Oil • Sinopec • GAC • China Changjiang Bunke • Southern Pec • Lukoil-Bunker • Alliance Oil Company • Shanghai Lonyer Fuels
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Drewry Releases First Low-Sulphur Reference Bunker Index Tracker
As part of a series of initiatives aimed at bringing greater transparency to fuel costs resulting from the new IMO 2020 low-sulphur regulation, Drewry is pleased to announce the publication of its first low-sulphur reference bunker index tracker.
In recent months, both shippers and forwarders have expressed confusion and concern over the timing and transparency of the new charges being introduced by carriers as they transition from IFO 380 (intermediate fuel oil) to the new, low-sulphur fuel standard.
Drewry’s new low-sulphur BAF index, which will be updated quarterly, provides a simple indexing mechanism to help determine changes in BAF charges during the lifetime of a contract.
Representation Image – Credits: ec.europa.eu
“Our new low-sulphur bunker price tracker is intended to standardise, clarify and simplify the adjustment of Bunker Adjustment Factors (BAFs) between shippers and carriers or forwarders,” said Philip Damas, head of Drewry Supply Chain Advisors. “By streamlining the process and agreeing common bunker price measurement periods, BAF adjustment periods, fuel prices and index formulae, we hope to bring much needed clarity to the challenges presented by the regulatory change.”
Working with the European Shipper’s Council (ESC), Drewry has already defined and published a simplified BAF indexing mechanism and bunker charge guide to help shippers monitor and control bunker charges, which was drawn up by the ESC-Drewry IMO toolkit reference group, who were tasked with gathering views and best practices on IMO 2020 low-sulphur fuel-related topics.
“As was anticipated, prices for low-sulphur fuel appear to have settled some 35% higher than the old IFO 380 fuel standard,” said Mr Damas. “Although temporary and transitional bunker charges were expected to apply to just spot rates and to contracts of less than three months, it is clear that some shippers with annual ocean freight contracts have been requested by their carriers to start paying the new IMO BAF from 1st December.”
“While uncertainty remains in the market, some carriers may choose to reduce their base rates and charge the ‘full BAF’ in their next contracts,” continued Mr Damas. “We will continue to closely monitor and report future developments.”
Through membership of Drewry’s Benchmarking Club, exporters and importers have access to average contract bunker charges by tradelane, updated by Drewry once a month.
Try the first low-sulphur reference bunker index tracker
Reference: drewry.co.uk
Report an Error
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Irving Oil Offers Low-Sulphur Fuels On Both Sides Of The Atlantic
Irving Oil is all set to offer low-sulphur fuels on both sides of the Atlantic as the marine industry is getting ready for the implementation of the IMO’s new low sulphur standards that is to begin in 2020. Sulfur will be limited to 0 5 percent in all Intermediate Fuel Oil (IFO) by IMO.
Very Low Sulfur Fuel Oil (VLSFO) which is a low-sulfur fuel is produced in the Irving Oil Whitegate Refinery in Ireland. This is in addition to their Marine Gas Oil offer. IMO-complaint fuel is offered in Saint John, New Brunswick and Canada by their expanded bunkering operations that features three delivery options that are barge, ex-pipe and truck delivery.
Irving Oil has been serving the marine industry for than 50 years. It is committed to provide a reliable supply of quality products to it’s customers’ from a diverse network.
PR Reference: Irwin Oil
from WordPress https://www.maritimemanual.com/irving-oil-offers-low-sulphur-fuels-sides-atlantic/
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What is Shipping Management?
Shipping management could be specific management; completely different type, different forms of “land” management, as a result, it takes place below special ship conditions, principally baffled. The key facet to the ship management method is functioning with others and serving to others, with restricted resources and in a very dynamic setting. During this approach operational goals set by the annual plans of shipping corporations area unit achieved. Ship management could be a specific issue which will be discussed solely through the company management with that it’s closely connected. A definition of ship management provides; its role and hierarchy level within the method of company management. Modern shipping corporations are based as companies, that is, as joint stock corporations or liability corporations whereas the possession operate is sometimes achieved through a general meeting or supervisory board. it’s vital to notice that within the current management system shipping corporations, functions owner – manager-employee are fully separated, that means that the superordinate board leaves the complete leading process to the management, similar is the coordination of specific functions (to lower management structures). These are the management of economic transactions, management of technical affairs, management of accounting and financial affairs etc. Chartering department in the main deals with the sale of shipping capability which by: chartering their own shipping capability worldwide; taking on extra capacities and chartering for its own account; watching chartering competition on the worldwide market; the analysis of the worldwide chartering market, and consequently making conditions for the event of recent comes operating closely with the event operate of the company. The managers of chartering departments ought to have constant insight altogether relevant market movements. For an oversized a part of the activities, the manager should have a skilled qualification of a broker so as to successfully perform terribly advanced and knowledgeable activities about the sales operations within the chartering department. Operational department deals with the management of rent collection; asking for damages caused to stevedore corporations aboard, similarly as different claims; communication with the ship command; supply of instruction on charters, communication with agents, similarly is their nomination;
cost control; bunker orders (i.e. fuel: MDO – marine diesel fuel I IFO – Intermediate fuel oil); ship registration and suchlike The basic profit-making units of shipping corporations area unit ships. Their management and structure differ from the land structure that’s the structure of their home company. On such a specific unit as a ship, solely mechanistic and useful structure are often enforced.
A ship manager has to be aware of ship processes and ship management processes. information of those procedures permits the manager to inspire its co-workers in a very high-quality manner, which frequently depend upon his/her personal characteristics.
The ship managers are:
• captain,
• chief deck officer,
• navigation management officer,
• chief engineer,
• second engineer,
• navigation management officer in engine
room
#reliant_logistics#logistics_courses#logistics_courses_kochi#logistics_training#logistics_training_kochi#logistics_shipping_management
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Bunker Fuel Market To Expand At A Robust 3 .1% CAGR By 2020
Global Bunker Fuel Market: Snapshot
This research study analyzes the market for bunker fuel in terms of volume and revenue. The bunker fuel market has been analyzed on the basis of fuel grade, end-user, seller type, and geography. For the research, the base year is 2013, while the forecast is for the period 2014–2020. Market data for all the segments have been provided on the regional level for the period 2013–2020. A comprehensive competitive landscape has also been included in the report, comprising companies involved in the bunkering business. Value chain analysis and Porter’s Five Forces model have also been included for the market, to provide a clear understanding regarding the dynamics of the industry.According to Transparency Market Research (TMR), the global bunker fuel market is expected to rise to a total volume of 460 mn tons by 2020, exhibiting a steady 3.1% CAGR in the last six years of the ongoing decade.
Read Report Overview @ https://www.transparencymarketresearch.com/bunker-fuel-market.html
The fuel grades traded at different ports comprises IFO 380, IFO 180, IFO Others, and MGO/MDO. The IFO Others segment includes IFO 500, IFO 700, LS 380, and LS 180 fuel grades. The seller segment of the bunker market has been segmented into major oil companies, leading independent distributors, and small independent distributors. Key end-users for bunker fuel were identified as container vessels, tanker fleets, bulk & general cargo vessels, and other vessels. The bunker market was analyzed across five geographies: North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW). The RoW segment comprises South and Central America, and Africa. Regional data has been provided for each sub-segment of the bunker market. The bunker consumption figures for each region have been sub-segmented on the basis of fuel grade, end-use, and seller type. Key market participants in the bunkering business include Chemoil Energy Limited, Aegean Marine Petroleum Network, Inc., and World Fuel Services Corporation. The report provides an overview of these companies, followed by their financial revenue, business strategies, and recent developments.
Request Report Brochure @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3894
Geographically, Asia Pacific is likely to play the leading role in the development of the global bunker fuel market in the coming years. Rising Asian ports such as Singapore are among the leading players in the global bunker fuel market and are likely to remain vital due to the rising trade of commodities and goods in Southeast Asia. Aggressive coastal expansion activity by China has also aided the Asia Pacific bunker fuel market.
Europe is also likely to remain important for the global bunker fuel market in the coming years, driven by rising activity in trade routes in the Mediterranean, Baltic, and North Seas. European governments have also taken proactive stances on environmental conservation, helping the Europe bunker fuel market exhibit robust growth. The rising offshore petroleum extraction activity in the North Sea also contributes to the Europe bunker fuel market.
By type of fuel, the global bunker fuel market is bifurcated into residual fuel and distillate fuel. Residual fuel is likely to account for more than three-quarters of the global bunker fuel market in the coming years thanks to the widespread demand for IFO 380 fuel oil. Intermediate fuel oils (IFO) are the dominant revenue generator in the global bunker fuel market, with IFO 380 and IFO 180 being the most popular fuel grades.
Leading players in the global bunker fuel market include World Fuel Services Corporation, Lukoil-Bunker LLC, Chemoil Energy Limited, and Gazpromneft Marine Bunker LLC.
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Bunker Fuel Market Progresses for Huge Profits During 2014 – 2020
The bunker fuel market is a key part of the industrial network around the booming global marine sector. Bunker fuel comprises a major part of the total expenditure of vassal operators and can account for up to three quarters of a ship’s total running expenses. The pricing dynamics of the bunker fuel market have thus become important for the overall marine sector, with ports offering bunker fuel at the lowest rates attaining significant economic positions. Moreover, the bunker fuel market is also closely linked to environmental protocol and regulations, as combustion of marine fuels leads to the emission of several pollutants, including nitrogen and sulfur oxides.
Request to view sample of this report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3894
According to Transparency Market Research (TMR), the global bunker fuel market is expected to rise to a total volume of 460 mn tons by 2020, exhibiting a steady 3.1% CAGR in the last six years of the ongoing decade.
Rising Offshore Oil and Gas Activities to Drive Bunker Fuel Market
One of the key drivers for the global bunker fuel market is the rising need for offshore exploration and extraction activities in the oil and gas sector. Mounting scarcity in onshore oil wells has led to a steady rise in offshore activities, particularly in the Atlantic Ocean and the North Sea. Established oil producing countries such as the U.S. have already made significant advances in the offshore petroleum sector, while the Middle East and Africa could also be a key market for bunker fuel due to the booming offshore petroleum sector in West Africa.
The rising government support to environmental measures, particularly the reduction in sulfur compounds used in marine lubricants and bunker fuel, is an influential factor for the global bunker fuel market. Bunker fuels contain significant amounts of sulfurous and nitrogenous compounds, the oxides of both of which have a significant adverse impact on the environment. Acknowledging the role of the growing marine trade in environmental pollution, several governments in Europe have maintained a supportive stance towards low-sulfur bunker fuel formulations. The rising density of marine trade around emission control areas (ECAs) is likely to make this a consistent driver for the global bunker fuel market.
Asia Pacific, Europe Likely to Dominate Global Bunker Fuel Market
Geographically, Asia Pacific is likely to play the leading role in the development of the global bunker fuel market in the coming years. Rising Asian ports such as Singapore are among the leading players in the global bunker fuel market and are likely to remain vital due to the rising trade of commodities and goods in Southeast Asia. Aggressive coastal expansion activity by China has also aided the Asia Pacific bunker fuel market.
Europe is also likely to remain important for the global bunker fuel market in the coming years, driven by rising activity in trade routes in the Mediterranean, Baltic, and North Seas. European governments have also taken proactive stances on environmental conservation, helping the Europe bunker fuel market exhibit robust growth. The rising offshore petroleum extraction activity in the North Sea also contributes to the Europe bunker fuel market.
By type of fuel, the global bunker fuel market is bifurcated into residual fuel and distillate fuel. Residual fuel is likely to account for more than three-quarters of the global bunker fuel market in the coming years thanks to the widespread demand for IFO 380 fuel oil. Intermediate fuel oils (IFO) are the dominant revenue generator in the global bunker fuel market, with IFO 380 and IFO 180 being the most popular fuel grades.
Leading players in the global bunker fuel market include World Fuel Services Corporation, Lukoil-Bunker LLC, Chemoil Energy Limited, and Gazpromneft Marine Bunker LLC.
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Yacht Engine Market is Expected to Show a Significant Growth During the Forecast Period 2017 – 2022
Global Yacht Engine Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. The yacht is a recreational ship or boat. Yacht engine is a mechanical machine that is specifically modified for use in the marine environment for propelling a yacht. It is known to be a ships power supply system. The yacht engine may be a petrol engine or diesel engine. It is exclusively used to propel the ship or auxiliary engines that drive electric generators, fans, pumps, and other types of equipment. Diesel type engine is a most commonly installed engine on a yacht.
Access Yacht Engine Market Report with TOC @ https://www.millioninsights.com/industry-reports/yacht-engine-market
The factors that are playing a major role in the growth of Yacht Engine Market are rising use of enhanced technologies, high demand for commercial vessels, and improved construction of inland waterways vessels. On the other hand, the factors that are restraining overall market are slowdown in the oil & gas industry, low oil prices and decreased offshore exploration and extraction activities.
Yacht Engine Market is segmented based on vessel type, fuel types, engine types, applications, and region. Vessel types such as Offshore Support Vessels, Commercial Vessels (Chemical Carriers, Bulkers, Container Ships, Pure Car Carriers, Cargo Vessels, LPG Carriers, and LNG Carriers), and others classify the market.
The commercial vessels segment accounts for the largest market share of Yacht Engine Industry and is estimated to lead the overall market in the years to come. The reason being, rising maritime trade and growing worldwide demand for natural gas. Fuel types such as Marine Gas Oil (MGO), Heavy Fuel Oil (HFO), Marine Diesel Oil (MDO), Intermediate Fuel Oil (IFO), and others classify Yacht Engine Market.
The heavy fuel oil (HFO) powered segment accounts for the largest market share of the industry and is estimated to lead the overall market in the years to come. MGO, MDO, and IFO segment follow suit. Engine types such as Above 20,000 HP, 10,001 to 20,000 HP, 5,001 HP to 10,000 HP, and Up to 1000 HP classify Yacht Engine Market.
Applications into Performance Yacht, General Yacht, Displacement Yacht, Luxury Yachts (Gliders, Trawlers), and others classify Yacht Engine Market.
Top Manufacturer Analysis Covered in Yacht Engine Market Report includes
• MTU
• Caterpillar
• MAN
• Cummins.
• Volvo Penta
• SCANIA
• Mase Generator
• Nanni Industries
• Onan
• Fischer Panda
• WhisperPower
• Westerbeke
• Lombardini Marine
• Sole Diesel
• Northern Lights
• COELMO MARINE
• VETUS
Segmentation on the basis of Product Types,
• 250KW to 600 KW
• 601KW to1200KW
• 1201KW to 3000KW
• 3001kW to 7000KW
• Above 7000KW
Segmentation on the basis of Applications/End-User,
• General Yacht
• Displacement Yacht
• Performance Yacht
Request a Sample Copy of Yacht Engine Market Report @ https://www.millioninsights.com/industry-reports/yacht-engine-market/request-sample
This market is segmented geographically Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, Asia Pacific dominates the market and is estimated to be the fastest growing region in the years to come. The reason being, growing shipbuilding industry and high demand for commercial vessels. South Korea, China, and Japan are the major consumers of Yacht Engine Market in this region. China is estimated to grow at fastest pace in the years to come, as rising investments in the ship-building industry.
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#5 & 6#Automotive Gas Oil#Aviation Kerosene Colonial Grade#Aviation Kerosene Jet Fuel#Bitumen#Dap Fertilizer#East Siberia-Pacific Ocean (Espo) Blend#EN 590 10PPM Euro Diesel#FO180cst#FO380cst#Fuel Oil Virgin (D6)#Gas Oil D2 Diesel#Gasoline Octane#Heavy Fuel Oil (HFO)#Intermediate Fuel Oil (IFO)#Liquefied Natural Gas (LNG)#Liquefied Petroleum Gas (LPG)#Marine Diesel Oil (MDO)#Petroleum Coke (Petcoke)#Privacy Policy#Residual Marine Fuel Oil (RMG)#Russian Export Blend Crude Oil (Rebco)#Russian Light Cycle Oil (LCO)#Russian Mazut M100#Ultra-Low Sulphur Diesel Euro 4#Urea#Virgin Base Oil
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