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Global Bunkering Services Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 to 2026

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    Report

  • March 2019
  • Region: Global
  • Acute Market Reports
  • ID: 4759367
Bunkering refers to the process of supplying fuel onboard vessels, typically using bunker tankers. Bunker tankers are used to store and carry fuel in order to re-fuel various vessels such as merchant, naval, fishing and several other vessels. Various types of fuel oil stored and carried by bunker tankers include marine diesel fuel (MDO), marine gas oil fuel (MGO), marine fuel oil (MFO), intermediate fuel oil (IFO) and heavy fuel oil (HFO) among others. Bunkering process can be carried out at seaports as well as offshore depending upon the requirement of vessels. This helps reducing additional expenses related to towing and port charges which is increasing the demand bunkering services globally. 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.

Majority of demand for bunkering services is from cargo vessels and is expected to maintain its dominating position throughout the forecast period from 2018 to 2016. Fishing vessels are among the most common users of bunker tankers and is expected to witness the fastest growth with an increasing number of large size fishing vessels and rising demand for seafood. A fishery is an important business sector for numerous countries across the world that cater to the huge demand for seafood and are involved in large scale fishing operations. Large fishing vessels typically spend days at the sea and require a substantial amount of fuel. These vessels are dependent on bunker tankers for their fuel supply. MGO and MDO have commonly used fuels by fishing vessels. MGO contains varying degrees of sulfur content. However, the maximum permissible sulfur content lies below that of HFO. Low sulfur marine gas oil contains less than 0.1% sulfur. The Asia Pacific is the largest end-use segment for bunker tanker services market and also expected to witness the fastest growth throughout the forecast period.

The global bunker tanker services market comprise a large number of established players. The global market is governed by the major players in the Asia Pacific. The global bunker tankers market is fragmented in nature with a large number of established multinational as well as domestic players. Majority of the market players emphasize on an expansion of service by a strategic alliance with bunker traders and by increasing service network in major trading countries. High entry barriers for new entrants due to complex regulations, high cost, and time-consuming certification processes and high initial capital requirement is limiting the number of new players in this industry.

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Table of Contents

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 Bunkering Services Market
2.2 Global Bunkering Services Market, By Fuel Grade, 2017, (US$ Bn)
2.3 Global Bunkering Services Market, By Vessel Type, 2017 (US$ Bn)
2.4 Global Bunkering Services Market, By Geography, 2017 (US$ Bn)
Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Bunkering Services 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 Bunkering Servicess 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 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 Market Revenue, By Application, 2016 – 2026 (US$ Bn)
5.1 Comparative Analysis
5.2 Bunkering Servicess Market for Tankers, 2016 - 2026, (US$ Bn)
5.3 Bunkering Servicess Market for Container Ships, 2016 - 2026, (US$ Bn)
5.4 Bunkering Servicess Market for Bulk Carriers, 2016 - 2026, (US$ Bn)
5.5 Bunkering Servicess Market for Fishing Vessels, 2016 - 2026, (US$ Bn)
5.6 Bunkering Servicess Market for Other Ships, 2016 - 2026, (US$ Bn)
Chapter 6 North America Bunkering Services Market Analysis
6.1 Overview
6.1.1 North America Bunkering Services Market Revenue, 2016 – 2026, (US$ Bn)
6.2 North America Bunkering Servicess Market Analysis, By Fuel Grade, 2016 – 2026 (US$ Bn)
6.3 North America Bunkering Servicess Market Analysis, By Vessel Type, 2016 – 2026 (US$ Bn)
6.4 North America Bunkering Servicess Market Analysis, By Region, 2016 – 2026 (US$ Bn)
7.5.1 U.S.
7.5.2. Canada
Chapter 7 Europe Bunkering Services Market Analysis
7.1 Overview
7.1.1 Europe Bunkering Services Market Revenue, 2016 – 2026, (US$ Bn)
7.2 Europe Bunkering Servicess Market Analysis, By Fuel Grade, 2016 – 2026 (US$ Bn)
7.3 Europe Bunkering Servicess Market Analysis, By Vessel Type, 2016 – 2026 (US$ Bn)
7.4 Europe Bunkering Servicess 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 Market Analysis
8.1 Overview
8.1.1 Asia Pacific Bunkering Services Market Revenue, 2016 – 2026, (US$ Bn)
8.2 Asia Pacific Bunkering Servicess Market Analysis, By Fuel Grade, 2016 – 2026 (US$ Bn)
8.3 Asia Pacific Bunkering Servicess Market Analysis, By Vessel Type, 2016 – 2026 (US$ Bn)
8.4 Asia Pacific Bunkering Servicess 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 Market Analysis
9.1 Overview
9.1.1 RoW Bunkering Services Market Revenue, 2016 – 2026, (US$ Bn)
9.2 RoW Bunkering Servicess Market Analysis, By Fuel Grade, 2016 – 2026 (US$ Bn)
9.3 RoW Bunkering Servicess Market Analysis, By Vessel Type, 2016 – 2026 (US$ Bn)
9.4 RoW Bunkering Servicess 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)
List of Figures
FIG. 1 Global Bunkering Servicess 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 Bunkering Servicess 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)
List of Tables
TABLE 1 Market Snapshot: Global Bunkering Services Market
TABLE 2 Impact Analysis of Drivers and Restraints
TABLE 3 North America Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 4 North America Bunkering Services Market Revenue, by Vessel Type (US$ Bn)
TABLE 5 U.S. Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 6 U.S. Bunkering Services Market Revenue, by Vessel Type (US$ Bn)
TABLE 7 Canada Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 8 Canada Bunkering Services Market Revenue, by Vessel Type (US$ Bn)
TABLE 9 North America Bunkering Services Market Revenue, by Region/Country (US$ Bn)
TABLE 10 Europe Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 11 Europe Bunkering Services Market Revenue by Vessel Type (US$ Bn)
TABLE 12 Europe Bunkering Services Market Revenue, by Region (US$ Bn)
TABLE 13 U.K. Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 14 U.K. Bunkering Services Market Revenue, by Vessel Type (US$ Bn)
TABLE 15 North America Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 16 Germany Bunkering Services Market Revenue, by Application (US$ Bn)
TABLE 17 Germany Bunkering Services Market Revenue, by Vessel Type (US$ Bn)
TABLE 18 France Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 19 France Bunkering Services Market Revenue, by Vessel Type (US$ Bn)
TABLE 20 Rest of Europe Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 21 Rest of Europe Bunkering Services Market Revenue, by Application (US$ Bn)
TABLE 22 Rest of Europe Bunkering Services Market Revenue , by Vessel Type (US$ Bn)
TABLE 23 Asia Pacific Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 24 Asia Pacific Bunkering Services Market Revenue, by Region (US$ Bn)
TABLE 25 Japan Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 26 Japan Bunkering Services Market Revenue, by Application (US$ Bn)
TABLE 27 Japan Bunkering Services Market Revenue , by Vessel Type (US$ Bn)
TABLE 28 China Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 29 China Bunkering Services Market Revenue, by Vessel Type (US$ Bn)
TABLE 30 India Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 31 India Bunkering Services Market Revenue , by Vessel Type (US$ Bn)
TABLE 32 Rest of Asia Pacific Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 33 Rest of Asia Pacific Bunkering Services Market Revenue , by Vessel Type (US$ Bn)
TABLE 34 RoW Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 35 RoW Bunkering Services Market Revenue , by Vessel Type (US$ Bn)
TABLE 36 RoW Bunkering Services Market Revenue, by Region (US$ Bn)
TABLE 37 Latin America Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 38 Latin America Bunkering Services Market Revenue , by Vessel Type (US$ Bn)
TABLE 39 Middle East and Africa Bunkering Services Market Revenue, by Fuel Grade (US$ Bn)
TABLE 40 Middle East and Africa Bunkering Services 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)

Companies Mentioned

  • 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

  • KPI Bridge Oil A/S