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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.
Scope of the Report:
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.
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.
The worldwide market for Bunker Fuel is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019, according to a new study.
This report focuses on the Bunker Fuel in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
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
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Distillate Fuel Oil
Residual Fuel Oil
LNG
Market Segment by Applications, can be divided into
Tanker Vessels
Container Vessels
Bulk Vessels
General Cargo Vessels
Others
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Bunker Fuel product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Bunker Fuel, with price, sales, revenue and global market share of Bunker Fuel in 2017 and 2018.
Chapter 3, the Bunker Fuel competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Bunker Fuel breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Bunker Fuel market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Bunker Fuel sales channel, distributors, customers, research findings and conclusion, appendix and data source.
Scope of the Report:
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.
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.
The worldwide market for Bunker Fuel is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019, according to a new study.
This report focuses on the Bunker Fuel in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
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
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Distillate Fuel Oil
Residual Fuel Oil
LNG
Market Segment by Applications, can be divided into
Tanker Vessels
Container Vessels
Bulk Vessels
General Cargo Vessels
Others
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Bunker Fuel product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Bunker Fuel, with price, sales, revenue and global market share of Bunker Fuel in 2017 and 2018.
Chapter 3, the Bunker Fuel competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Bunker Fuel breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Bunker Fuel market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Bunker Fuel sales channel, distributors, customers, research findings and conclusion, appendix and data source.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
