Global Bunker Oil Market 2017-2021 is a professional and in-depth study on the current state of the Bunker Oil market.
Research Analysts Announces the Publication of its Research Report – Global Bunker Oil Market 2017-2021
Research Analysts recognizes the following companies as the key players in the global bunker oil market: BP Singapore, Chemoil Energy, Sentek Marine & Trading, Transocean Oil, and Total Marine Fuels
Other Prominent Vendors in the market are: Aegean Marine Petroleum Network, Consort Bunkers, EQUATORIAL Marine Fuel Management Services, ExxonMobil, Global Energy Trading, Golden Island Diesel Oil Trading, Panoil Petroleum, Searights Maritime Services, Seven Seas Oil Trading, Shell Eastern Trading, Singapore Petroleum Company, SK Energy International, Universal Energy, Vermont UM Bunkering, and Wired Bunkering.
The Research forecast the global bunker oil market to grow at a CAGR of 3.36% during the period 2017-2021.
Complete Bunker Oil Market Report Of 89 Pages Having Tables And Figures Is Available For Purchase @ https://marketsizeforecasters.com/securecheckout/paymenta/5097?msfpaycode=sumsf
Commenting on the report, an analyst from Research Analysts team said: “The latest trend gaining momentum in the market is shift in focus from EU to APAC. For the past three hundred years, Europe was the epicenter of most global trade. Being at the center of global power for centuries, the major trade in European countries was importing raw materials from their colonies to feed the industrial revolution powered facilities. The EU, with its highly-advanced economies, is still an important hub for global trade. However, its dominance is steadily shifting away to Asia.”
According to the report, one of the major drivers for this market is growing LNG market. The demand for LNG, a marine fuel, is increasing significantly. Being odorless, non-toxic, and non-corrosive, it is used to reduce emissions of greenhouse gases (GHG). It also evaporates quickly when exposed to air, leaving no residue behind.
The Listed Pricing For This Bunker Oil Market Report Starts At US $3500. Request Discount For Bunker Oil Industry Research Report @ https://marketsizeforecasters.com/enquire-for-discount/5097
Further, the report states that one of the major factors hindering the growth of this market is stringent MARPOL regulations. The shipping industry must comply with the new sulfur limits in sulfur emission control areas (SECAs) from January 1, 2015. This means that ships, which are doing trade in the ECAs must use marine fuel with a sulfur content of not more than 0.10%. The main reason for these new regulations is the safety of ships, crew, and the marine environment.
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Bunker Oil Market Study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Browse Full Table Of Contents And Data Tables For Bunker Oil Report @ https://marketsizeforecasters.com/global-bunker-oil-market
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