According to Market Research Future, the bunker fuel market plays a crucial role in supporting global maritime trade by providing the primary energy source for ships and marine vessels. Bunker fuel, also known as marine fuel, is used to power cargo ships, tankers, bulk carriers, and other ocean-going vessels that transport goods across international waters. As global trade volumes...

Bunker fuel, often referred to as marine fuel, is a crucial energy source that powers the global shipping industry — the backbone of international trade. It fuels the engines of ships that transport nearly 90% of the world’s goods, making it an essential yet often overlooked component of the global economy. Derived from crude oil, bunker fuel comes in various grades, each suited for...