Known commonly as fuel oil, bunker fuel is liquid fuel that is fractionally distilled from crude oil. Bunker fuel is highly viscous and also heavily contaminated with substances that cannot be removed. Therefore, when burnt, bunker fuel causes a lot of pollution. Worldwide, there are many regulations in place in order to check the pollution caused by bunker fuel.
The year 2012 witnessed a strong decline in bunker fuel prices, thus bringing to an end the strong bunker fuel price rally that was evident since 2009. Weakness in the global shipping industry is the primary cause for the downward pressure on bunker fuel prices.
Aruvian Research analyzes the global bunker fuel industry in its research report Analyzing the Global Bunker Fuel Industry. The report analyzes the global energy industry first and then moves on to the global bunker fuel/fuel oil industry analysis. We look at the basics of bunker fuel, history of bunker fuel, classification, uses as well as fuel specifications. The supply chain of bunker fuel, particularly the major bunkering ports of Fujairah, Rotterdam and Singapore are looked at. Regulatory framework, transportation and environmental issues, and standards for bunker fuel are looked at in the report.
Moving on, we analyze the broader marine fuels market in terms of marine fuel grades, refining of marine fuels/petroleum products, types of marine fuels, etc.
The recent emergence of LNG as a bunker fuel option is also looked at, along with two case studies of using LPG as a marine fuel and using MSAR as a bunker fuel.
An analysis of the major industry players and a future perspective of the industry completes this analysis.