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New oil-producing regions have vast unexplored reserves, which will meet the growing demand of energy in the future. Exploration of these untapped reserves will increase the demand for shipping vessels, as increase in exploration, drilling, and production of oil & gas will require more shipping vessels to transport oil and gas to desired destinations, which will boost the growth of the bunker fuel market.
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Fraud Detection & Prevention Mark Bunker Fuel Market 317 Pages Report Skim Market Market Met Global Opportunity Analysis & Industry Forecast, 2014-2022 Opportunity Analysis and Industry Forecast, 2014 - 2022 Global Opportunity Analysis and Industry Forecast, 2014-2022 Opportunity Analysis and Industry Forecast, 2014-2022 Global Opportunity Analysis and Industry Forecast 2030 Global Opportunity Analysis and Industry Forecast, 2014-2022 Global Opportunity Analysis and Industry Forecast, 2014 - 2022 Global Opportunity Analysis and Industry Forecast, 2017-2023 Global Opportunity Analysis and Industry Forecast 2025 Download Request Sample
Bunker Fuel Market “Several bunker fuel companies have come forward into the bunker fuel business to expand market opportunities. The global bunker fuel market has registered a dynamic growth over the past few years, as a result of enormous growth in oil and gas exploration activities in the Asia-Pacific region. In addition, IMO regulation regarding reduction of current sulfur cap from 0.5% to 3.5% to reduce marine pollution will also increase the demand of bunker fuel market among shipping companies.” OnkarSumant Energy and Power at AMR Download Request Sample Energy and Power a
Bunker Fuel Market According to a new report published by Allied Market Research, titled,"Bunker Fuel Market by Type and End Use: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global bunker fuel market was valued at $137,215.5 million in 2017, and is projected to reach $273,050.4 million by 2025, growing at a CAGR of 9.4% from 2018 to 2025. Bunker fuel is a type of fuel oil that is used abroad vessels. It is poured into ships bunkers to power its engines. Bunker fuel gets its name from tanks on ports and in ships that it is stored in. Previously, they were known as coal bunkers but now they are called as bunker fuel tanks. Presently, rise in marine borne trade has increased the demand for bunker fuel and bunkering services. Increase in oil and gas exploration activities in emerging oil regions drive the growth of the bunker fuel market as many bunker fuel suppliers changed their focus of operation to these offshore resource site. Download Request Sample
Bunker Fuel Market Based on type, the global bunker fuel market is segmented into marine gas oil (MGO) and residual fuel oil (RFO). RFO is the heaviest fraction of crude oil distillation with high concentration of pollutants such as sulfur and with high viscosity. Combustion of this fuel produces much darker smoke than other fuels and requires specific temperature for pumping and storage. Due to this drawback, it is the cheapest marine fuel available in the market. MGO is a pure distillate oil and has the lowest sulfur content. Based on commercial distributor, the market is divided into oil majors, large independents, and small independents. Oil majors are those companies involved in both production and trading of marine fuel products across the world, whereas independents are those that are involved in the trading of marine fuel products across major regions in the world. Small independents trade marine fuel products only in some restricted regions of the world. Download Request Sample: https://www.alliedmarketresearch.com/request-sample/2143 Download Request Sample
Bunker Fuel Market Based on end use, the market is divided into container, bulk carrier, oil tanker, general cargo, chemical tanker, fishing vessel, gas tanker, and others (Yacht, refrigerated bulk, cruise). Bunker fuel is increasingly used in heavy transportation vessels to transport containers, bulk carriers, and oil tankers across the world. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific holds the major share in the global bunker fuel market due to the growth in hydrocarbon exploration activities in Asia-Pacific, especially in South China sea. Due to this, many bunker fuel suppliers shifted their operations to the off-shore ports and destination, which are deliberately closer to the offshore hydrocarbon resource site. Access full report@: https://www.alliedmarketresearch.com/bunker-fuel-market Download Request Sample
Bunker Fuel Market • Major Companies: • BP plc • ExxonMobil • Royal Dutch Shell plc • Lukoil • Sinopec Group • Gazprom Neft PJSC • Chevron Corporation • Petroliam Nasional Berhad (Petronas) • Total S.A. Download Request Sample
Bunker Fuel Market • Key Findings of the Bunker Fuel Market: • The Asia-Pacific bunker fuel market is predicted to hold a share of over 46.7% by the end of 2025 • The residual fuel segment is expected to hold a dominant share of over 60.0% in the global bunker fuel market in terms of revenue in 2017, and is predicted to reduce to 41.4% by 2025 • The oil majors, commercial distributor segment is projected to have a share of over 41.6% in 2017, and is projected to reduce to 40.9% by the end of 2025 • Send Enquiry on Report: https://www.alliedmarketresearch.com/purchase-enquiry/2143 Download Request Sample
Bunker Fuel Market • Contact: • David Correa • 5933 NE Win Sivers Drive • #205, Portland, OR 97220 • United States • Toll Free (USA/Canada): • +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 • UK: +44-845-528-1300 • Hong Kong: +852-301-84916 • India (Pune): +91-20-66346060 • Fax: +1⟨855⟩550-5975 • help@alliedmarketresearch.com • Web: https://www.alliedmarketresearch.com Download Request Sample