Asia Pacific to Emerge as Major Bunker Fuel Market: Strategic Location of Ports, Rising Consumerism Driving Growth
In marine fleet operations, the fuel that is loaded into a ship's bunker and powers its engines is bunker fuel. Bunker fuel can be obtained as a distillate or residue of crude oil, with the latter accounting for a share of close to 75% in the global bunker fuel market in 2013. Intermediate fuel oils of grades IFO 180 and IFO 380, which are residual fuel oil types, are the most preferred due to their low cost and easy combustibility....
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