Rising Shift Towards Low-Sulfur Fuel and Volatile Crude Oil Prices to Shape Global Bunker Fuel Market's Future
Bunker fuel is the fuel utilized by ship and marine vessel operators for fueling their fleet. These fuels accounts for nearly 70% of the overall expenses incurred in the operation of a ship. As such, the market for bunker fuels forms a very critical part of the global shipping industry and has an important contribution in the overall oil market.
View full press release