Caribbean islands bunker fuel market

1. Caribbean Islands Bunker Fuel Market To Reach $16,404 Million By 2023 | CAGR 10.7% Opportunity Analysis And Industry Forecast, 2017-2023

2. Caribbean Islands Bunker Fuel Market Overview: • Bunker fuel refers to the heavy oil, which is used to power a ship. Distillate and residual are the two types of marine fuels, which are most widely used in the bunker fuel industry. Residual fuel oil is a heavy oil composed of distillation residue, and is considered as the most important byproduct after extraction of distillates. This oil is extracted during the refining process of crude oil. It consists of fuel mixture having non-boiling fractions. On the basis of distillation temperature, the fuel oils are categorized into different grades, namely, MGO, MDO, and other bunkers. • Get Sample Report: • Caribbean islands bunker fuel market was valued at $8,231 million in 2016, and is projected to reach $16,404 million by 2023, growing at a CAGR of 10.7% from 2017 to 2023. • The growth of the Caribbean islands bunker fuel market is driven by increase in marine-borne trade and IMO’s regulations of sulfur cap for marine fuels. In addition, availability of alternative sources for marine fuel is expected to supplement the market in the future. However, high investment cost involved in the development of bunker fuel infrastructure and old vessel replacement from wasteful to new fuel-efficient ships may impede the Caribbean islands bunker fuel market.

4. Key Players • Key manufacturers operating in the market are Aegean Marine Petroleum Network Inc., Bomin Bunker Oil Corp., 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. • Other Players • Adani Group • C-FUELS AMERICA LLC • PT. Doea Tiga Sinergi Indonesia • SYS Shipping & Bunkering Ltd. • Topoil AB • Totos Oil • Umorni Kosac D.O.O.

5. Key Benefits For Stakeholders • This report provides an extensive analysis of the current trends, emerging estimations, and dynamics in the Caribbean islands bunker fuel market. • In-depth analysis of the market is conducted and estimations for key segments between 2015 and 2023 are provided. • Factors that drive and restrain the growth of the market are provided. • Industry analysis is conducted by following the key product positioning and monitoring the top competitors within the market framework. • Key players are profiled and their strategies are analyzed thoroughly to provide a competitive outlook of the industry trends.

6. Caribbean Islands Bunker Fuel Market Key Segments: By Commercial Distributor By Geography By Type By End User Residual Fuel Oil IFO 180 IFO 380 St. Eustatius Oil Majors Container MDO Large Independent Bulk Carrier Trinidad MGO Small Independent Oil Tanker Curacao General Cargo Jamaica Chemical Tanker Rest of Caribbean Islands Fishing Vessels Gas Tanker Others

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