ShippingWatch

Three bunker suppliers account for one fifth of global sales

The world's three biggest bunker suppliers account for roughly 20 percent of global sales of ship fuel, shows a new report.

Keld R. Demant, adm. direktør i Bunker Holding. Photo: PR-foto

The three major bunker suppliers Bunker Holding, World Fuel Services and Peninsula Petroleum together account for 20 percent of global sales of ship fuel, shows a new report put together by firm Seacred in collaboration with media Ship & Bunker.

The report estimates that annual sales of ship fuel to end users comes to 300 million tons, and with an average price of around USD 400 per ton for high-sulfur fuel oil, this gives the market a value of USD 120 billion.

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