Bunkering Services Market By Fuel Grade (MDO, MFO, IFO, MGO and HFO), Vessel Type (Tankers, Containers, Bulk Carriers, Fishing Vessels And Others) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026
Market Excerpt
"Improving outlook of shipping industry is driving the demand for bunkering services market"
The global market for bunkering services is expected to cross US$ 165.5 Bn by 2026 at a CAGR of 5.6% throughout the forecast period from 2018 to 2026. Improving outlook of shipping industry is the primary driving factor for the growth of this industry. Shipping industry is playing a vital role in the global freight transportation system. The industry contributes for transporting almost 90% of the world trade as it is the most inexpensive and efficient mode of transporting goods. In addition, vessels can carry bulk of goods for long distances at an affordable cost compared to other mode of transport including roads, rail, air etc. This, along with rising international trades are expected to increase the demand for bunkering services globally.
Bunker tankers refer to the ships or barges designed for supplying fuel to vessels. They are usually located at seaports or offshore and supply various types of fuels including marine diesel oil (MDO), marine gas oil (MGO), marine fuel oil (MFO), intermediate fuel oil (IFO) and heavy fuel oil (HFO). One of the most promising factors driving the MGO bunkering sales is The International Maritime Organization’s (IMO) plans to reduce sulphur content in marine fuel from 2020 onwards. MGO is expected to be the fastest growing bunker fuel throughout the forecast period from 2018 to 2026. MGO, due to its low sulphur content, is expected to witness increased demand in the following years as a result of IMO’s decision. In addition, favorable government policies in various countries across the world, supporting the international trades is expected to create a positive impact on the demand for MGO. However, high price of MGO as compared to other marine fuels is one of the restraints impacting the market.
"The global bunkering services market is dominated by Asia Pacific and expected to witness fastest growth throughout the forecast period"
Asia Pacific is the largest bunkering services market globally and expected to maintain its dominating position throughout the forecast period from 2018 to 2026. In 2018, annual vessel arrival tonnage was estimated 2.79 Bn gt. Increasing trades by China with global market is the major driving factor for bunkering services market in Asia Pacific. In 2017, China accounted for one third of the global exports and more than 28% of the imports were shipped to the country. Increasing trades between China and international market represents positive outlook for bunkering fuel suppliers in the region. India one of the fastest growing economy in the world and witnessing increase in marine trades.
Europe is another major market for bunkering services. Greece and Germany are two major markets for marine fuel suppliers. Greece is the country with largest cargo carrying capacity of around 308.8 Mn dead-weight ton (DWT) and Germany has capacity of around 112 Mn DWT.
"Bunkering services providers are focusing on strengthening supply chain and distribution network to strengthen their position in the global market"
One of the major areas of focus is strengthening of supply network. Similar strategy is adopted by puma in the region to expand its bunkering services in Asia Pacific region. Puma Energy and Asia Sun Energy (ASE) jointly started new petroleum products terminal in Myanmar at Thilawa port. This will help the company to expand its bunkering operations in Myanmar and nearby countries.
In order to sustain in competitive environment bunkering service providers are focusing on providing faster and efficient services for their customers’ bunkering needs. Bunkering service providers are investing in advanced bunker tankers to match customers’ bunkering needs. Recently, Bomin has purchased four modern double haul bunker barges which offers faster pumping rate for bunkering operation.
Established players in the industry are committed to help ship owners and operators in a rapidly changing market. These players have invested significantly in ensuring that their global infrastructure and resources are designed to deliver for their customers. Bunkering suppliers are focusing more to have complete control over the entire process from order to final delivery. This strategy enable companies maintain their profitability and develop strong client relationships by providing quality, efficient and cost effective services. Some major players in the global bunkering services include Bomin Bunker Oil Corp., Lukoil-Bunker LLC, Aegean Marine Petroleum Network, Inc., Chemoil Energy Limited, BP PLC, World Fuel Services Corporation, Bunker Holding A/S, Gazpromneft Marine Bunker LLC, GAC Bunker Fuels Ltd., Royal Dutch Shell Plc, Exxon Mobil Corporation and KPI Bridge Oil A/S.
Key questions answered in this report
- What is the global fleet size of global bunker tankers?
- What is the global market for bunker fuels?
- What are the key investment areas in the global bunkering services market?
- Which market trends and dynamics driving the growth of global bunkering services market?
- Who are the major players and their market winning strategies in the global bunkering services industry?
- Who are major customers for bunkering Services?
- Which is largest and most potential application segment for bunkering services?
- Who are established regional players?
- What are recent fuel grade trends and regulations in bunkering services industry?
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Methodology
1.2.1 Phase I – Secondary Research
1.2.2 Phase II – Primary Research
1.2.3 Phase III – Expert Panel Review
1.2.4 Assumptions
1.2.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global BS Market
2.2 Global BS Market, By Fuel Grade, 2017, (US$ Bn)
2.3 Global BS Market, By Vessel Type, 2017 (US$ Bn)
2.4 Global BS Market, By Geography, 2017 (US$ Bn)
Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global BS Market Revenue, 2016 – 2026, (US$ Mn) (Mn Units)
3.2 Market Trends
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.2 Market Challenges
3.3.3 Impact Analysis of Drivers and Restraints
3.4 Value Chain Analysis
3.4.1 Value Chain Analysis: Global BSs Market
3.5 Market Attractive Analysis
3.6 Competitive Landscape
3.6.1 Market Positioning of Key Market Players
3.6.2 Major Market Strategies Adopted By Key Market Participants
Chapter 4 Global Bunkering Services (BS) Market Revenue, By Fuel Grade, 2016 – 2026(US$ Bn)
4.1 Comparative Analysis
4.2 MDO Fuel Market, 2016 – 2026 (US$ Bn)
4.3 MGO Fuel Market, 2016 – 2026 (US$ Bn)
4.4 MFO Fuel Market, 2016 – 2026 (US$ Bn)
4.5 IFO Fuel Market, 2016 – 2026 (US$ Bn)
4.6 HFO Fuel Market, 2016 – 2026 (US$ Bn)
Chapter 5 Global Bunkering Services (BS) Market Revenue, By Application, 2016 – 2026 (US$ Bn)
5.1 Comparative Analysis
5.2 BSs Market for Tankers, 2016 - 2026, (US$ Bn)
5.3 BSs Market for Container Ships, 2016 - 2026, (US$ Bn)
5.4 BSs Market for Bulk Carriers, 2016 - 2026, (US$ Bn)
5.5 BSs Market for Fishing Vessels, 2016 - 2026, (US$ Bn)
5.6 BSs Market for Other Ships, 2016 - 2026, (US$ Bn)
Chapter 6 North America Bunkering Services (BS) Market Analysis
6.1 Overview
6.1.1 North America BS Market Revenue, 2016 – 2026, (US$ Bn)
6.2 North America BSs Market Analysis, By Fuel Grade, 2016 – 2026 (US$ Bn)
6.3 North America BSs Market Analysis, By Vessel Type, 2016 – 2026 (US$ Bn)
6.4 North America BSs Market Analysis, By Region, 2016 – 2026 (US$ Bn)
7.5.1 U.S.
7.5.2. Canada
Chapter 7 Europe Bunkering Services (BS) Market Analysis
7.1 Overview
7.1.1 Europe BS Market Revenue, 2016 – 2026, (US$ Bn)
7.2 Europe BSs Market Analysis, By Fuel Grade, 2016 – 2026 (US$ Bn)
7.3 Europe BSs Market Analysis, By Vessel Type, 2016 – 2026 (US$ Bn)
7.4 Europe BSs Market Analysis, By Region/Country, 2016 – 2026 (US$ Bn)
8.5.1 Germany
8.5.2. France
8.5.3 UK
8.5.4. Rest of Europe
Chapter 8 Asia Pacific Bunkering Services (BS) Market Analysis
8.1 Overview
8.1.1 Asia Pacific BS Market Revenue, 2016 – 2026, (US$ Bn)
8.2 Asia Pacific BSs Market Analysis, By Fuel Grade, 2016 – 2026 (US$ Bn)
8.3 Asia Pacific BSs Market Analysis, By Vessel Type, 2016 – 2026 (US$ Bn)
8.4 Asia Pacific BSs Market Analysis, By Region/Country, 2016 – 2026 (US$ Bn)
9.5.1 Japan
9.5.2. China
9.5.3 India
9.5.4. Rest of Asia Pacific
Chapter 9 Rest of the World (RoW) Bunkering Services (BS) Market Analysis
9.1 Overview
9.1.1 RoW BS Market Revenue, 2016 – 2026, (US$ Bn)
9.2 RoW BSs Market Analysis, By Fuel Grade, 2016 – 2026 (US$ Bn)
9.3 RoW BSs Market Analysis, By Vessel Type, 2016 – 2026 (US$ Bn)
9.4 RoW BSs Market Analysis, By Region, 2016 – 2026 (US$ Bn)
Chapter 10 Company Profiles
10.1 Bomin Bunker Oil Corp.
10.1.1 Bomin Bunker Oil Corp.: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
10.2 Lukoil-Bunker LLC.
10.2.1 Lukoil-Bunker LLC: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
10.3 Aegean Marine Petroleum Network, Inc..
10.3.1 Aegean Marine Petroleum Network, Inc..: Company Snapshot (Company Details, Geographical Presence, Product, Industries Served, Major Competitors Recent Developments)
10.4 Chemoil Energy Limited.
10.4.1 Chemoil Energy Limited.: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
10.5 BP Plc.
10.5.1 BP Plc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Major Competitors Recent Developments)
10.6 World Fuel Services Corporation.
10.6.1 World Fuel Services Corporation.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Major Competitors Recent Developments)
10.7 Bunker Holding A/S
10.7.1 Bunker Holding A/S: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Major Competitors Recent Developments)
10.8 Gazpromneft Marine Bunker LLC
10.8.1 Gazpromneft Marine Bunker LLC: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
10.9 GAC Bunker Fuels Ltd
10.8.1 GAC Bunker Fuels Ltd: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
10.10 Royal Dutch Shell Plc
10.8.1 Royal Dutch Shell Plc: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
10.11 Exxon Mobil Corporation
10.8.1 Exxon Mobil Corporation: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
10.12 KPI Bridge Oil A/S
10.8.1 KPI Bridge Oil A/S: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
* BS - Bunkering Services
TABLE 1 Market Snapshot: Global Bunkering Services (BS) Market
TABLE 2 Impact Analysis of Drivers and Restraints
TABLE 3 North America BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 4 North America BS Market Revenue, by Vessel Type (US$ Bn)
TABLE 5 U.S. BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 6 U.S. BS Market Revenue, by Vessel Type (US$ Bn)
TABLE 7 Canada BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 8 Canada BS Market Revenue, by Vessel Type (US$ Bn)
TABLE 9 North America BS Market Revenue, by Region/Country (US$ Bn)
TABLE 10 Europe BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 11 Europe BS Market Revenue by Vessel Type (US$ Bn)
TABLE 12 Europe BS Market Revenue, by Region (US$ Bn)
TABLE 13 U.K. BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 14 U.K. BS Market Revenue, by Vessel Type (US$ Bn)
TABLE 15 North America BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 16 Germany BS Market Revenue, by Application (US$ Bn)
TABLE 17 Germany BS Market Revenue, by Vessel Type (US$ Bn)
TABLE 18 France BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 19 France BS Market Revenue, by Vessel Type (US$ Bn)
TABLE 20 Rest of Europe BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 21 Rest of Europe BS Market Revenue, by Application (US$ Bn)
TABLE 22 Rest of Europe BS Market Revenue , by Vessel Type (US$ Bn)
TABLE 23 Asia Pacific BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 24 Asia Pacific BS Market Revenue, by Region (US$ Bn)
TABLE 25 Japan BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 26 Japan BS Market Revenue, by Application (US$ Bn)
TABLE 27 Japan BS Market Revenue , by Vessel Type (US$ Bn)
TABLE 28 China BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 29 China BS Market Revenue, by Vessel Type (US$ Bn)
TABLE 30 India BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 31 India BS Market Revenue , by Vessel Type (US$ Bn)
TABLE 32 Rest of Asia Pacific BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 33 Rest of Asia Pacific BS Market Revenue , by Vessel Type (US$ Bn)
TABLE 34 RoW BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 35 RoW BS Market Revenue , by Vessel Type (US$ Bn)
TABLE 36 RoW BS Market Revenue, by Region (US$ Bn)
TABLE 37 Latin America BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 38 Latin America BS Market Revenue , by Vessel Type (US$ Bn)
TABLE 39 Middle East and Africa BS Market Revenue, by Fuel Grade (US$ Bn)
TABLE 40 Middle East and Africa BS Market Revenue , by Vessel Type (US$ Bn)
TABLE 41 Bomin Bunker Oil Corp.: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
TABLE 42 Lukoil-Bunker LLC: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
TABLE 43 Aegean Marine Petroleum Network, Inc..: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
TABLE 44 Chemoil Energy Limited: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
TABLE 45 BP PLC.: Company Snapshot (Company Details, Geographical Presence,Key Industries Served, Major Competitors Recent Developments)
TABLE 46 World Fuel Services Corporation.: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
TABLE 47 Bunker Holding A/S: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
TABLE 48 Gazpromneft Marine Bunker LLC: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
TABLE 49 GAC Bunker Fuels Ltd: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
TABLE 50 Royal Dutch Shell Plc: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
TABLE 51 Exxon Mobil Corporation: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
TABLE 52 KPI Bridge Oil A/S: Company Snapshot (Company Details, Geographical Presence, Key Industries Served, Major Competitors Recent Developments)
FIG. 1 Global Bunkering Servicess (BS) Market: Research Methodology
FIG. 2 Top-Down and Bottom Up Approach
FIG. 3 Global Bunkering Services Market, By Fuel Grade, 2017 (US$ Bn)
Fig 4 Global Bunkering Services Market, By Vessel Type, 2017 (US$ Bn)
Fig 5 Global Bunker Tanker Fleet Size Market
FIG. 6 Global Bunkering Services Market, By Geography, 2017 (US$ Bn)
FIG. 7 Global Bunkering Services Market Revenue, 2016 – 2026, (US$ Bn)
FIG. 8 Value Chain Analysis: Global BS Market
FIG. 9 Market Penetration Scenario
FIG. 10 Global MDO Fuel Market, 2016 – 2026, (US$ Bn)
FIG. 11 Global MGO Fuel Market Revenue, 2016 – 2026, (US$ Bn)
FIG. 12 Global MFO Fuel Market Revenue, 2016 – 2026, (US$ Bn)
FIG. 13 Global IFO Market Revenue, 2016 – 2026, (US$ Bn)
FIG. 14 Global HFO Market Revenue, 2016 – 2026, (US$ Bn)
FIG. 15 Global Bunkering Services Market for Tankers Revenue, 2016 – 2026, (US$ Bn)
FIG. 16 Global Bunkering Services Market for Containers, Revenue, 2016 – 2026, (US$ Bn)
FIG. 17 Global Bunkering Services Market for Bulk Carriers, Revenue, 2016 – 2026, (US$ Bn)
FIG. 18 Global Bunkering Services Market for Fishing Vessels, Revenue, 2016 – 2026, (US$ Bn)
FIG. 19 Global Bunkering Services Market for Other Vessels, Revenue, 2016 – 2026, (US$ Bn)
FIG. 20 North America Bunkering Services Market Market Revenue, 2016 – 2026, (US$ Bn)
FIG. 21 Europe Bunkering Services Market Revenue, 2016 – 2026, (US$ Bn)
FIG. 22 Asia Pacific Bunkering Services Market Revenue, 2016 – 2026, (US$ Bn)
FIG. 23 RoW Bunkering Services Market Revenue, 2016 – 2026, (US$ Bn)
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