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Bunker Fuel Market to Reach $130 1 Bn, Globally, by 2027 at 3 1% CAGR: AMR

 by Type (High Sulfur Fuel Oil, Low Sulfur Fuel Oil, Marine Gasoil, and Others), Commercial Distributor (Oil Majors, Large Independent, and Small Independent), and Application (Container, Bulk Carrier, Oil Tanker, General Cargo, Chemical Tanker, Fishing Vessels, Gas Tankers, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global bunker fuel industry generated $120.1 billion in 2019, and is projected to reach $130.1 billion by 2027, witnessing a CAGR of 3.1% from 2020 to 2027. Drivers, restraints, and opportunities IMO regulation on sulfur content in marine fuel and increase in offshore oil & gas exploration activities drive the growth of the global bunker fuel market. However, fuel reduction initiatives by the shipping community hinders the market growth. On the other hand, LNG bunkering financing creates new opportunities in the coming years.

Bunker Fuel Market All You Need To Know | BP p l c , Exxon Mobil Corporation, Royal Dutch Shell PLC

Bunker Fuel Market All You Need To Know | BP p l c , Exxon Mobil Corporation, Royal Dutch Shell PLC
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MOL Reports Possible Causes Of Wakashio Grounding Incident, Measures To Prevent Reoccurrence

[FREE eBOOKs] Have You Downloaded Marine Insight s 12 FREE Maritime eBooks?        Click Here To Download Now You are here: Home › Shipping News › MOL Reports Possible Causes Of Wakashio Grounding Incident, Measures To Prevent Reoccurrence MOL Reports Possible Causes Of Wakashio Grounding Incident, Measures To Prevent Reoccurrence December 19, 2020 TwitterFacebookLinkedInPinterestBuffer TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL) announced that it has formulated measures to prevent a reoccurrence of the incident involving the bulk carrier Wakashio, chartered by MOL from a subsidiary of Nagashiki Shipping Co., Ltd. (the Shipowner), which ran aground off the island of Mauritius on Saturday, July 25, and leaked bunker oil on Thursday, August 6.

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