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(IT-NEWSWIRE.COM, May 10, 2015 ) Bunker oil refers to the fuel that is utilized by the shipping and marine industries. Bunker fuel expenditure account for approximately 65-70% of the total trip expenses for a vessel, and ship operatives prefer buying bunker fuel from ports where the price is lower. Some operators prefer purchasing a major portion of the total fuel requirement for the voyage from a single port that offers bunker fuel at an economical price. However, this is not an industry wide situation as operators may spread their total fuel procurement over numerous ports.
The analysts forecast global bunker oil market to grow at a CAGR of 4.0% over the period 2014-2019.
Covered in this Report
The report covers segmentation of the global bunker oil market based on fuel type and geography.
The report, Global Bunker Oil Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. It also includes a discussion of the key vendors operating in this market.
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Key Vendors
Bomin Bunker Holding
Chemoil International
KPI Bridge Oil London
Sentek Marine & Trading
Transocean Oil
Other Prominent Vendors
Apex Oil Company
Baltic Fuel Company
BP Singapore
Curoil
Hin Leong Trading
Lukoil-Bunker
Neste Oil
Riverlake Group
Stena Oil
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Market Driver
Growing LNG Market
Market Challenge
Unstable Global Economic Conditions
Market Trend
Increased Investment by Vendors
Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Ritesh Tiwari
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Source: EmailWire.Com 
Source: EmailWire.com
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