London, UK -- (SBWIRE) -- 03/09/2019 -- The key players of the Bunker Fuel market are making moves like product launches, joint ventures, developments, merges and accusations which is affecting the Bunker Fuel market and Chemicals and Materials Industry as a whole and also affecting the sales, import, export, revenue and CAGR values.

The report contains complete analysis regarding type and applications, featuring the key business resources and key players.

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.

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.

Competitive Analysis: Global Bunker Fuel Market

· 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

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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.

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.

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

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Major Table of Contents:

1 Scope of the Report

2 Executive Summary

3 Global Bunker Fuel by Players

4 Bunker Fuel by Regions

5 Americas

6 APAC

7 Europe

8 Middle East & Africa

9 Market Drivers, Challenges and Trends

10 Marketing, Distributors and Customer

11 Global Bunker Fuel Market Forecast

12 Key Players Analysis

13 Research Findings and Conclusion

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Key points to focus in the report

1. Key trends in the market place

2. Major players and brands

3. Drivers and restrains of the market

4. Major players and brands

5. Historical and current market size and projection up to 2023.