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  • Bunker Fuel market Application, Future Growth and Detailed Insights on Upcoming Trends 2022




    (Transportation-News.com, November 08, 2018 ) Bunker fuel is technically any type of fuel oil used aboard vessels. This kind of material can be broken down into different categories based on its chemical composition, intended purpose, and boiling temperature. In comparison with other petroleum products, bunker fuel is extremely crude and highly polluting.

    Fuel utilized by shipping companies for fueling their marine fleet is commonly referred to as bunker fuel. Currently, fuel oil is the most widely used bunker fuel. However, apart from fuel oil, other middle distillate fuels are also utilized as bunker fuels. Bunker fuel costs account for approximately 70% of the total voyage expenditure for a vessel and ship operators prefer purchasing bunker fuel from ports where the cost is lower.

    At present, Southeast Asia, EU, the US, China and Japan have most of the refueling ports. Singapore port is the world largest refueling port. EU follows the Singapore bunker fuel market in terms of consumption with leading ports like Rotterdam and Antwerp, etc. The United States is another key market for the global bunker fuel industry. China is also being the main contributors to this industry with world leading ports like Shanghai Port and Shenzhen Port, etc.

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    In the bunker industry, there are two primary kinds of fuels currently being used; distillate fuel and residual fuel. Among the two, distillate fuel accounted for around 80.37% of global bunker consumption in 2015. In recent years, liquefied natural gas (LNG) as a bunker fuel also gets much attentions in the bunker fuel market.

    This report presents the worldwide Bunker Fuel market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This report studies the global market size of Bunker Fuel in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Bunker Fuel in these regions.

    This report focuses on the top manufacturers' Bunker Fuel capacity, production, value, price and market share of Bunker Fuel in global market. The following manufacturers are covered in this report: Exxon Mobil, World Fuel Services, BP, Shell, China Marine Bunker, Bunker Holding, Total Marine Fuel, Chemoil, Bright Oil, Sinopec, Gazpromneft, GAC, China Changjiang Bunker (Sinopec), Southern Pec, Lukoil-Bunker, Alliance Oil Company, Shanghai Lonyer Fuels

    Bunker Fuel Breakdown Data by Type
    Distillate Fuel Oil
    Residual Fuel Oil
    LNG
    Bunker Fuel Breakdown Data by Application
    Tanker Vessels
    Container Vessels
    Bulk Vessels
    General Cargo Vessels
    Others

    Bunker Fuel Production Breakdown Data by Region
    United States
    Europe
    China
    Japan
    Other Regions

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