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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