Bunker Oil

1
Bunker OilMarket Current Scenario
2

• Bunker oil refers to a type of fuel that is
  commonly used in maritime vessels such as ships
  and large boats. It is a dense and heavy fuel oil
  with high viscosity and is obtained from crude
  oil through a refining process. Bunker oil is
  primarily used as fuel for marine engines due to
  its high energy content.
• Here are a few key points about bunker oil
• Grades and Types Bunker oil is available in
  different grades and types, which are categorized
  based on their viscosity and sulfur content. The
  most common grades are IFO (Intermediate Fuel
  Oil) 180 and IFO 380, with the numbers
  representing the viscosity in centistokes at 50
  degrees Celsius.

3
Marine Fuel Regulations Bunker oil is subject to
various international regulations, particularly
those set by the International Maritime
Organization (IMO). The IMO has implemented
sulfur regulations to reduce air pollution from
ships. The global sulfur cap, known as IMO 2020,
limits the sulfur content in bunker oil to 0.50
mass/mass (previously 3.50), leading to the use
of lower sulfur fuels or the installation of
exhaust gas cleaning systems (scrubbers). Environm
ental Impact Bunker oil, like other fossil
fuels, has environmental implications. The
combustion of bunker oil releases carbon dioxide
(CO2), contributing to greenhouse gas emissions
and climate change. Additionally, it can contain
sulfur compounds and other pollutants that can
cause air pollution and harm marine ecosystems if
not properly treated or regulated.
4

• Storage and Handling Due to its high viscosity,
  bunker oil needs to be heated before it can be
  pumped and used as fuel. It is usually stored in
  dedicated tanks aboard ships. The handling and
  transportation of bunker oil require specialized
  equipment and safety precautions.
• Price and Market The price of bunker oil is
  influenced by various factors, including crude
  oil prices, refining costs, supply and demand
  dynamics, and geopolitical factors. Bunker oil
  prices can be subject to significant
  fluctuations, impacting shipping costs and the
  overall maritime industry.
• It's worth noting that in recent years, there has
  been a growing focus on transitioning to cleaner
  and more sustainable fuels in the maritime
  sector. This shift includes the adoption of
  alternative fuels like liquefied natural gas
  (LNG), biofuels, and the exploration of new
  technologies such as hydrogen fuel cells and
  electric propulsion systems. These developments
  aim to reduce the environmental impact of bunker
  oil and promote a more sustainable shipping
  industry.

5
Bunker Oil Market By Regions

• If opting for the Global version of Bunker
  Oil Market then the below country analysis would
  be included North America (the USA, Canada, and
  Mexico) Europe (Germany, France, the United
  Kingdom, Netherlands, Italy, Nordic Nations,
  Spain, Switzerland, and the Rest of Europe)
  Asia-Pacific (China, Japan, Australia, New
  Zealand, South Korea, India, Southeast Asia, and
  the Rest of APAC) South America (Brazil,
  Argentina, Chile, Colombia, the Rest of the
  countries, etc.) The Middle East and Africa
  (Saudi Arabia, United Arab Emirates, Israel,
  Egypt, Turkey, Nigeria, South Africa, Rest of
  MEA)

6

• Bunker Oil Market Growth 2023-2029 is the latest
  research study released by HTF MI evaluating the
  market risk side analysis, highlighting
  opportunities, and leveraging with strategic and
  tactical decision-making support,
• https//www.htfmarketintelligence.com/research-sto
  re?section8qBunkerOil

7

• Contact Us Craig Francis (PR Marketing
  Manager)HTF Market Intelligence Consulting
  Private LimitedPhone 1 434 322
  0091sales_at_htfmarketintelligence.comConnect with
  us at LinkedIn  Facebook  Twitter