ShippingWatch

Oil majors and big shipping lines looking to conquer business from bunker companies

Oil companies now have ambitions to sell directly to shipping companies, which are also taking matters into their own hands, according to a new report from SeaCred. The report points to two major trends in the bunker market.

Photo: Thomas Borberg

The battle for the bunker market is intensifying.

Traditional bunker suppliers such as US-based World Fuel Services, Denmark's Bunker Holding and British Peninsula Petroleum have for years been controlling the trade – but these years companies are met with competition on new fronts.

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