Research Reports Bunker Fuel Market 2014 - 2020

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Research

Bunker Fuel Market - Global Industry Analysis, Size, Share,

Growth, Trends, and Forecast 2014 - 2020

Published Date

10-Dec-2014

127 Page Report

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Bunker Fuel Industry: China and Singapore Account Majority of

Global Bunker Fuel Consumption:Transparency Market Research

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Bunker Fuel Market

REPORT DESCRIPTION

Bunker Fuel Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014

- 2020

Bunker fuel market is the provider of fuel oil consumed by ship vessels, and is especially important for the

shipping industry. The facts that ships will continue to consume fossil fuels until the day this industry

ceases, and that bunkers fuel costs form nearly 70% part of a ship’s running costs, including daily running

and voyage costs, makes the bunker fuel market highly important for the global shipping industry. Any

fluctuation in prices of fossil fuels has a direct effect on the profit margins of shipping companies.

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Thus, it is common with marine operators to purchase bunker fuel from ports where cost of fuel is lower.

Some operators also prefer purchasing a major percent of total bunker fuel required for a fleet from a

single bunker fuel port. The types of companies supplying bunker fuel, the type of bunker fuel (based upon

fuel grades) supplied by these companies, and the variety of vessels using the bunker fuel are the chief

elements of a typical bunker fuel marketplace.

An important subsidiary of the shipping industry, the global bunker fuel market is also a huge market.

Analysts state that the global market of bunker fuel observed demands worth nearly...