ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has announced the release of a report titled “Bunker Fuel Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020”. According to the report, the global bunker fuel market had observed demands worth nearly 372.30 million tons in year 2013. It is expected to grow at a CAGR of 3.1% between 20014 and 2020 and attain market demands worth nearly 460.00 million tons by 2020.
Browse Report: http://www.transparencymarketresearch.com/bunker-fuel-market.html
The bunker fuel market is an important part of the shipping industry, supplying it the fuel oil consumed by ship vessels. The fact that ships will continue to consume fuel oil as long as the shipping industry ceases to exist, and that nearly 70% cost of the entire running cost of a ship are spent on bunker fuel costs are the prime demands drivers of bunker fuel. The report focuses on four major sections of the global bunker fuel market: categories of grades of bunker fuel, chief end-users, variety of sellers/suppliers, and chief regional markets.
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The report further segments the category bunker fuel grades into IFO 180, IFO 380, MGO/MDO, and IFO others. Amongst these, the segment IFO 380 emerged as the most traded variety of bunker fuel in 2013. The end-user segment of the global bunker fuel market is further segmented into tankers vessels, container vessels, bulk and general cargo vessels, and other vessels. Amongst these, the segment bulk and general cargo vessels led to highest demand for bunker fuel in 2013. Variety of bunker fuel sellers are further segmented into major oil companies, small independent and large independent suppliers.
Press Release: http://www.transparencymarketresearch.com/pressrelease/bunker-fuel-market.htm
The market is studied based upon regional markets of North America, Asia-Pacific, Europe, Middle East and Rest of the World (RoW).
Other Reports:
Global Biofuels Market: http://www.transparencymarketresearch.com/liquid-biofuels-market.html
Petroleum Coke Market: http://www.transparencymarketresearch.com/petroleum-coke-market.html
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