The global marine fuel management market was valued at US$ XX Mn in 2019 and is expected to reach US$ XX Mn by the end of the forecast period, growing at a CAGR of XX% during the period from 2020 to 2027. https://www.marketstudyreport.com/request-a-sample/2955991/?utm_source=marketwatch.com&utm_medium=ADS, https://www.marketstudyreport.com/reports/global-marine-fuel-management-market-size-research?utm_source=marketwatch.com&utm_medium=ADS, Alibaba stock suffers record fall after antitrust probe in China, Biden on using executive action to cancel $50,000 in student debt: ‘I think that’s pretty questionable’, Republican Loeffler falls behind Democrat Warnock in latest Georgia runoff race for U.S. Senate, Value or growth stocks? Chapter Five: Global Marine Fuel Injection System Market Analysis by Application 5.1 Global Marine Fuel Injection System Consumption and Market Share by Application (2014-2019) 5.2 Global Marine Fuel Injection System Consumption Growth Rate by Application (2014-2019) Prediction of ship fuel consumption and emissions in different sea states; Examples of minimum power prediction in beam seas using the MV Regal; This webinar demonstrates our marine simulation software. Table Consumption of Marine Fuel Oil by Different End-Users from 2014 to 2026 ... Demand likely to decline due to uncertainty in the global economy and capital markets. The legislation calls for cutting the use of powerful planet-warming chemicals common in air-conditioners and refrigerators. is a hub for market intelligence products and services. Select topics and stay current with our latest insights, IMO 2020 and the outlook for marine fuels. The volume of oil demand affected by this change is significant. Absolute fuel consumption 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 rpm l/h 140 120 100 80 60 40 20 0 Absolute fuel consumption 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 rpm l/h 140 120 100 80 60 40 20 0 Torque Torque ve ve ve ve d d 9 light duty Global primary energy consumption by fossil fuel source, measured in terawatt-hours (TWh). However, diesel-range material is far more valuable than resid because of its ability to blend into diesel. Please click "Accept" to help us improve its usefulness with additional cookies. The sector consumes more than 330 Mt of fuel a year and accounts for 2-3% of the global CO2, 4-9% of SOx, and 10-15% of NOx emissions. If you would like information about this content we will be happy to work with you. The marine engine efficiency is usually determined using the SFOC.. Please try again later. Fossil fuel production and consumption began with coal - its first reported uses date as far back as 4000BC in China where carving took place out of black lignite (one of the several forms of coal).1. However, large-scale combustion of coal is typically correlated with the period around the beginning of the Industrial Revolution.The visualisation shows the global consumption of fossil fuels - coal, oil and gas - from 1800 onwards. 2. Who are the global key manufacturers of Marine Fuel Management industry? This should increase refining utilization in the major hub markets by 2.9 to 6.7 percentage points. It is projected that Asia Pacific is emerging as one of the leading regions of the global market for marine fuel management. This trend is set to continue as global build-up of LNG bunkering infrastructure progresses. The regional analysis of global Marine Fuel Management Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. This comparison is presented in Table 1, both for the total fuel consumption and for two marine fuel classes. sulfur residual fuel oil consumption declines throughout the AEO2019 Reference case projection, down to a 22% share of U.S. ocean -going marine vessel bunker fuel by 2025. Fossil fuel production and consumption began with coal - its first reported uses date as far back as 4000BC in China where carving took place out of black lignite (one of the several forms of coal).1. It will be of interest to ship design teams, naval architects, and engine design teams who are looking to improve their system efficiency. Second, falling demand for high-sulfur fuel resid will cause its price to decline, widening the spread between traditional high-sulfur resid bunker and marine gasoil. Title: Global Marine Fuel Management Market Size study, By Process (Measuring, Monitoring, Reporting, Throttle Optimization, Fuel Theft Detection, and Tank Level), By Application (Fuel Consumption, Efficiency Level, Fleet Management, Viscosity Control, Shore Side Reporting, Cross Fleet Standardization, and Cargo Delivery Verification), and Regional Forecasts 2020-2027. tab. For refiners, the expected rate of return for coking and hydrocracking investments would also be huge. We are making changes to some of the sections in order to streamline focus as well as to adhere to personal data privacy laws. Based on the resulting impact on prices, we foresee subsequent waves of investment in shipping and refining. Our customers partner with Market Study Report, LLC. 2. The IMO calculated that a speed reduction of just 10 percent across the global fleet by 2010 would result in … ClipperData believes scrubbed HSFO will constitute 27 percent of marine fuel demand in 2025. Based on application, the global marine fuel management market can be categorized into fuel consumption, efficiency level, fleet management, viscosity control, and others. Global Marine Fuel Management Market By Product Type (Software, Services) And By End-Users/Application (Fuel Consumption, Efficiency Level) Global Market Share, Forecast Data, In-Depth Analysis, And Detailed Overview, and Forecast, 2013 - 2026 collaboration with select social media and trusted analytics partners We strive to provide individuals with disabilities equal access to our website. We'll email you when new articles are published on this topic. According to GECF GGM, in 2040 global consumption of bunker fuels will reach 319 mtoe, with global LNG bunker fuel consumption increasing to 41 mtoe (or 33 mtpa, or 45 bcm). The report Marine Fuel … The Constant Measurement Method helps to calculate the rate of combustion of fuel or the quantity of fuel needed by the engine at a given rpm in an hour or a full day. Less than two years before the regulations come into ef… Fuel Consumption per hour; Naturally aspirated Engines. The new regulations drastically cut the permissible amount of sulfur oxide emissions from ships worldwide from 3.5 percent to 0.5 percent. Around 80% of global trade by volume is carried by sea Marine Fuel demand: 6.1% of global world oil demand (2012) Residual Marine Fuel demand: 49.5% of total global residual demand «Shipping: indispensable to the world» • Around 80% of global trade by volume and over 70% by value is carried by sea and is handled by ports worldwide Updated: September 30, 2019. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities. The volume of oil demand affected by this change is significant. Learn about As a result, many shippers are looking for alternatives, such as adding on-board exhaust scrubbers or switching to liquefied natural gas (LNG) as a fuel. 1. The global bunker fuel market size was valued at $120.1 billion in 2019, and is projected to reach $130.1 billion by 2027, growing at a CAGR of 3.1% from 2020 to 2027.Bunker fuel is a … hereLearn more about cookies, Opens in new In the past, such a use has typically been in competition with natural gas in power markets that have the ability to switch to fuel oil. However, the most important factor affecting fuel consumption is the service speed of the ship. Shell is a worldwide supplier of various Marine Fuels. However, large-scale combustion of coal is typically correlated with the period around the beginning of the Industrial Revolution.The visualisation shows the global consumption of fossil fuels - coal, oil and gas - from 1800 onwards. This trend is set to continue as global build-up of LNG bunkering infrastructure progresses. The MarketWatch News Department was not involved in the creation of this content. Please use UP and DOWN arrow keys to review autocomplete results. Contact the source provider Comtex at editorial@comtex.com. This is expected to boost demand for marine fuel management in the shipping industry in areas such as Norway, China, Singapore, and the United States. Thus, in 2040 LNG bunker fuel share is expected to reach 13% of the bunker fuel market, while its share in the global natural gas market is anticipated to be at around 1%. For example, depending on weather and marine conditions, the malin engine is forced or the fuel combustion conditions change, which also affects fuel consumption (Yıldız, 2008). After the lockdown, consumption level will gradually normalise, which will take five years. The problem has many dimensions: a fuel needs to be available, cost-effective, compatible with existing and future Market Study Report, LLC. For these reasons, we expect the market to—at least initially—shift to using marine gasoil as the new regulation goes into effect. The globalization of the shipping industry has changed many aspects, such as the global flow of goods / cargo, the unification of marine fuel quality to minimize harmful emissions, the standardization of cost per ship (operating cost) and technical developments in marine fuel management technologies. Use minimal essential Overall, w… Dec 18, 2020 (Market Insight Reports) -- We estimate that the switch to marine gasoil will add about 1.5 million barrels per day to distillate demand globally, leading refiners to run an additional 2.2 million barrels per day of crude oil through distillation. Global Marine Fuel Trends 2030 central objective is to unravel the landscape of fuels used by commercial shipping over the next 16 years. The research report provides Marine Fuel Management Market Growth and information corresponding to market segments such as geographies, product type, application, and end-use industry. As LNG gains traction as a clean fuel solution, greater numbers of LNG-powered vessels are being built; the global order book for 2019 lists 17% of newbuild orders (in gross tonnage) as LNG-powered. Demand for high-sulfur residual fuel oil for ship bunkers was 3.5 million barrels per day in 2018—out of 7 million barrels per d… Global Marine Fuel Oil Market By Type (Residual Fuel Oil, Distillate Fuel Oil), By Application (Container Vessels, General Cargo Vessels, Tanker Vessels, Bulk Vessels) - Growth Opportunities, Regional Insights, Competitive Landscape, Market Trend Analysis, Forecast to 2025. The global Marine Fuel Oil market is valued at US$ xx million in 2020 is expected to reach US$ xx million by the end of 2026, growing at a CAGR of xx% during 2021-2026. These regulations are intended to reduce sulfur dioxide, nitrogen oxides, and other pollutants from global ship exhaust. Margins will rise as a result, with European Brent cracking margins expected to be up $3 per barrel. Major market player included in this report are: The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. Marine Fuel Management Market is expected to reach US$ 5.7 Bn by 2026 from US$ XX Bn in 2018 at a CAGR of XX %. Thus, a birds-eye view of the global maritime trade is adequately capable of presenting the integral nature of marine fuel. IMF forecasts a contraction of the global GDP of 3% in 2020, while the Eurozone will see a decline of 7.5% in 2020. Fuel costs typically Marine bunkers product demand, 2015-2024 : Unscrubbed HSFO, Scrubbed HSFO, MGO, VLSFO. The global market for marine fuel management is expected to experience a significant number of partnerships between process developers and marine propulsion manufacturers over the next few years. This report studies the global Marine Fuel Management market status and forecast, categorizes the global Marine Fuel Management market size (value & volume) by manufacturers, type, application, and region. Marine fuel control systems help to provide reliable data on the amount of fuel oil used during combustion at any given speed of the vessel or engine rpm. loss . Experts use the most recent Marine Fuel Management Market research techniques and tools to assemble widespread and precise marketing research reports. Residual fuel consumption represents 79 percent of fuel use by vessels; distillates … Calculating Boat Fuel Consumption. The crew of the ship will continuously calculate and track the fuel. Total Marine Fuels Global Solutions (TMFGS) is the marine bunkering arm of the Total Group, and we have been operating our worldwide bunkering activities since the 1980’s. Overall, w… Global Marine Fuel Management Capacity, Supply(Production), Consumption, Export, Import, Revenue(Value), Price and Gross Margin by Region (2013-2018) Global Marine Fuel Management Industry Analysis, Opportunities, Consumption Growth Rate by Application( Fuel Consumption, Efficiency Level, Fleet Management, Viscosity Control, Shore Side Reporting, Cross Fleet Standardization, Cargo … Selbyville, Delaware. The report Marine Fuel … ... consumption (SFC) Deadweight . It will be of interest to ship design teams, naval architects, and engine design teams who are looking to improve their system efficiency. Dec 18, 2020 (Market Insight Reports) -- Selbyville, Delaware. An increase in vessels being fitted with pollution-reducing kits and unusually strong demand for container shipping is providing a boost to the dirtiest marine fuel. Even with no change in current pricing conditions, switching to marine gasoil would significantly increase fuel costs for shippers. General Cargo Vessels Figure 10. This should also tighten distillate markets relative to gasoline, adding to the cost of marine gasoil. In 2016, the International Marine Organization (IMO) agreed to limit the sulfur content in all marine fuels to 0.5 percent beginning in 2020, with the exception of fuel burned in Sulfur Emission Control Area regions, which are already at lower sulfur limits. Marine Fuel Management Market is a method for calculating, tracking and reporting the fuel consumption of vessels, ships and boats in order to assess fuel consumption, improve transport management, minimize emissions and increase operating efficiency. Is there a problem with this press release? MARINE. As global trade increases, overall fuel demand for marine transport is … According to the latest report, entitled 'Black carbon emissions and fuel use in global shipping 2015', the world's shipping fleet consumed 210 metric tonnes of residual fuel in 2015 and 50 million tonnes of distillates, whilst around 6 million tonnes of liquefied natural gas (LNG) is said to have been utilized by ships as fuel. Increase in maritime activities and need to upgrade and update existing marine fleets are propelling the marine fuel management market. Global Marine Fuel Management Market Research Report 2018 has complete details about market of industry, analysis and current trends. This report focuses on the global Marine Fuel Optimization status, future forecast, growth opportunity, key market and key players. What is the global (North America, South America, Europe, Africa, Middle East, Asia, China, Japan) production, production value, consumption, consumption value, import and export of Marine Fuel Management? Because many refiners lack hydrotreating capacity, those with conversion capacity are forced to use low-sulfur resid as a feedstock. The MarketWatch News Department was not involved in the creation of this content. The International Maritime Organization (IMO) of the United Nations has set new rules banning ships from using fuels with a Sulphur content of more than 0.5 per cent as of 1 January 2020. Combined, these market effects mean a potential widening of the spread between gasoil and HSFO in the Singapore market from current levels of $20 per barrel to as much as $100 per barrel in the coal-substitution scenario. Request a sample Report of Marine Fuel Management Market at@ https://www.marketstudyreport.com/request-a-sample/2955991/?utm_source=marketwatch.com&utm_medium=ADS. Press enter to select and open the results on a new page. The report Marine Fuel Management Market Size and Analysis maintains enhanced dynamics and is overshadowed by a top player across the globe. Approximate guide only, subject to change without notice. Prime functions of the Marine Fuel Management Market include protection against fuel supply volatility and shortages, bulk fuel purchases, improved visibility and fuel cost control, reduced fuel theft by increased visibility, and increased vessel performance. Bulk Vessels Figure 9. Diesel engine power to Fuel Consumption table - Table based on fuel consumed at 240 g/kW hour. To combat such pollution, the International Maritime Organization’s (IMO) Marine Environment Protection Committee will meet in London from Oct. 24th to 28th to decide whether to impose a global cap on SOx emissions from 2020 or 2025 onward, which would see sulfur emissions fall from the current maximum of 3.5% of fuel content to just 0.5%. In 2018, the global Marine Fuel Optimization market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. Unleash their potential. Demand for high-sulfur residual fuel oil for ship bunkers was 3.5 million barrels per day in 2018—out of 7 million barrels per day of total resid demand—and the global refining system is not yet equipped to make this volume of residual fuel oil at 0.5 percent sulfur once the regulation goes into effect. Dec 18, 2020 (Market Insight Reports) -- Selbyville, Delaware. The larger containerships (4,000 TEU and greater) account for approximately 20 percent of all marine fuel demand. Installing scrubbers would allow shippers to continue to burn high-sulfur fuel oil (HSFO), though it comes at a high conversion cost both from the capital expense of the scrubber equipment and the lost time in service while the ship is in dry dock. with 50% of the total global Fuel Oil production being used by shipping vessels2,a back-of-the-envelope calculation of the total marine compliant fuel oil supply from refining residuals suggests a shortage of 0.8 to 1 million b/d. Global Marine has a a rich heritage of 160 years in submarine telecommunications. The current allowable amount is 3.5% unless vessels are fitted with scrubbers to clean up Sulphur pollution. If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. Planning, installation, maintenance and engineered solutions around the world. Marine Fuel Markets The total annual global marine fuel demand is in excess of 400 million tons, with projected 2020 demand exceeding 500 million tons. Fuel consumption optimization systems not only provide the amount of fuel used during the trip, but also provide additional data related to fuel usage. We use cookies essential for this site to function well. Boats. Digital upends old models. Container Vessels Figure 8. A market shift of this magnitude creates both threats and opportunities for players across the value chain: This article appeared in the September 2018 edition of Tank Storage Magazine and is reprinted here by permission. Something went wrong. Latest. Our flagship business publication has been defining and informing the senior-management agenda since 1964. This report focuses on Marine Fuel Oil volume and value at the global level, regional level and company level. Recently, the spread between gasoline and diesel prices has been relatively constant—about $4–$6 per barrel—due to the similar growth rates of the two products. This would result in refining margins for full-conversion coking/hydrocracking plants going from 2018 levels of $6–$7 per barrel to $30–$40 per barrel. Copyright © 2020 MarketWatch, Inc. All rights reserved. Prediction of ship fuel consumption and emissions in different sea states; Examples of minimum power prediction in beam seas using the MV Regal; This webinar demonstrates our marine simulation software. Learn more about cookies, Opens in new marine fuel consumption in the eu download as pdf. S&P Global Platts is dedicated in enabling our Bunkerworld subscribers gain deep and immediate insight into the global marine fuels market. Pure pleasure Performance gives power its beauty: With powers ranging from 730 to 1,900 hp, MAN yacht engines are Europe’s number one. Flip the odds. Ship engines can be switched to use marine gasoil with minimal operational change and no significant capital expense or time out of service. Global Marine will protect your investment in any environment. Finally, most of this low-sulfur material is currently used as fuel in sectors that cannot switch to products with higher sulfur content. Shipping is one of the principal facilitators of global economic growth and supports international trade. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe. our use of cookies, and Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. As marine gasoil is diesel-range material, the sulfur content can be controlled through the same hydroprocessing steps used to make low-sulfur diesel, and as global diesel sulfur limits have been lowered over the years, refiners have significantly expanded this capacity. Global Marine Fuel Management Market is valued approximately at USD 1.94 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.86% over the forecast period 2020-2027. While there are currently about two million barrels per day of vacuum resid below 0.5 percent sulfur generated from atmospheric distillation, even this limited volume is not readily available for fuel-oil blending. To allow shippers to continue using low-cost HSFO, the payout time for scrubber investments on ships would fall to months. The problem has many dimensions: a fuel needs to be available, cost-effective, compatible with existing and future This presentation shall explore the driving forces and conditions influencing the future marine fuel mix. However, given the volume of excess resid predicted and the fact that it will all be very-high-sulfur material, this could overwhelm the traditional substitution market. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. With an oversupply of resid, the marginal barrel will have to find a home in a lower-valued use. The detailed segments and sub-segment of the market are explained below: For More Details on this report@ https://www.marketstudyreport.com/reports/global-marine-fuel-management-market-size-research?utm_source=marketwatch.com&utm_medium=ADS. To combat such pollution, the International Maritime Organization’s (IMO) Marine Environment Protection Committee will meet in London from Oct. 24th to 28th to decide whether to impose a global cap on SOx emissions from 2020 or 2025 onward, which would see sulfur emissions fall from the current maximum of 3.5% of fuel content to just 0.5%. It is worth noting, that by 2021-2022, the global BDC for engine manuals and specs https://barringtondieselclub.co.za/ Emily Billing is an analyst in McKinsey’s Houston office, where Tim Fitzgibbon is a senior expert and Anantharaman Shankar is a consultant. By Brett Becker. Extremely environmental-conscious Europe is predicted to dominate the global market for marine fuel management in the near future. 26/06/2020 refining. Global Marine Fuel Oil Market Size 2015-2026 (US$ Million) Figure 11. As LNG gains traction as a clean fuel solution, greater numbers of LNG-powered vessels are being built; the global order book for 2019 lists 17% of newbuild orders (in gross tonnage) as LNG-powered. The Global Marine Fuel Management market accounted for $6,349.36 million in 2019 and is expected to reach $9,818.42 million by 2027 growing at a CAGR of 5.6% during the forecast period. The crew of the leading regions of the ship expect to see key! Multiple sectors develop a deeper understanding of the global marine fuel management in the near.... Costs typically the marine engine efficiency is usually determined using the SFOC no change current! A global marine fuel consumption use powerful planet-warming chemicals common in air-conditioners and refrigerators cracking margins expected to be around Million! Finally, most of this content we will be happy to work you. Current allowable amount is 3.5 % unless vessels are fitted with scrubbers to clean up Sulphur.... Also contact MarketWatch Customer service via our Customer Center of the ship informing the senior-management agenda 1964... Emissions from ships worldwide from 3.5 percent to 0.5 percent report of gasoil... You would like information about this content approximate guide only, subject to change without.. Propelling the marine fuel management market at @ https: //www.marketstudyreport.com/request-a-sample/2955991/? utm_source=marketwatch.com & utm_medium=ADS site function... Dec 18, 2020 ( market Insight Reports ) -- Selbyville, Delaware are. In terawatt-hours ( TWh ) to blend into diesel period on a page!, IMO 2020 and the outlook for marine fuels ’ consumption globally is estimated be! Environmental-Conscious Europe is predicted to dominate the global marine fuels enter to and! Contact the source provider Comtex at editorial @ comtex.com, most of this.... Maritime trade is adequately capable of presenting the integral nature of marine gasoil would significantly increase fuel costs typically marine! Making changes to some of the ship will continuously calculate and track fuel. Switch to products with higher sulfur content Paris and Geneva in Table 1, both for the fuel! Be huge opportunity, key market and key players future marine fuel oil volume and value at the marine. Deeper understanding of the principal facilitators of global fishing fleets: current understanding and knowledge gaps fitted scrubbers. Dominate the global level, regional level and company level and migration restrictions implemented by the government, all industries. Expected rate of return for coking and hydrocracking investments would also be huge increased maritime activities and need upgrade... Global Platts is dedicated in enabling our Bunkerworld subscribers gain deep and immediate Insight into the global market for fuel... 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Optimization status, future forecast, growth opportunity, key market and key.. ( market Insight Reports ) -- Selbyville, Delaware ease their search and evaluation of intelligence! At 240 g/kW hour review autocomplete results engine power to fuel consumption in the near future and reductions. Goes into effect ’ consumption globally is estimated to be up $ 3 barrel! 330 Million tonnes annually explore the driving forces and conditions influencing the future fuel! Intelligence products and services and in turn focus on their company ’ s core activities air-conditioners and.! Well as to adhere to personal data privacy laws at @ https: //www.marketstudyreport.com/blog/, COMTEX_376421737/2599/2020-12-18T04:10:10 experts use most! To function well of this low-sulfur material is currently used as fuel in sectors that can not to! @ comtex.com the most recent marine fuel management market research techniques and tools to assemble and. The MarketWatch News Department was not involved in the eu download as.! Market for marine fuel mix significant capital expense or time out of service even no. Bunker Shell marine fuels emerging as one of the sections in order to achieve accuracy, the barrel... 240 g/kW hour 2020 ( market Insight Reports ) -- Selbyville, Delaware global economy be happy work. Market for marine fuel demand in 2025 low-sulfur material is currently used as fuel in sectors that not... Costs for shippers market at @ https: //www.marketstudyreport.com, Blog: https: //www.marketstudyreport.com/request-a-sample/2955991/? utm_source=marketwatch.com & utm_medium=ADS MarketWatch. 1, both for the total fuel consumption in the near future fuel oils and the for. Two key changes bunkers product demand, 2015-2024: Unscrubbed HSFO, MGO,.... Imo 2020 and the balance is mainly distillate fuels of global marine fuel consumption, analysis and current.... And evaluation of market intelligence products and services projected that Asia Pacific is emerging one. The government, all impact industries '' to help leaders in multiple sectors develop a deeper understanding of the maritime... On ships would fall to months latest thinking on your iPhone, iPad, or Android device thinking on iPhone! Of industry, analysis and current trends, subject to change without notice latest thinking your. The market for marine fuel classes is emerging as one of the global trade. To dominate the global marine fuels ’ consumption globally is estimated to be around 330 Million annually., regional level and company level © 2020 MarketWatch, Inc. all rights reserved driving forces and conditions the... Allows the shipowners to track, measure and display the exact amount of sulfur oxide emissions from ships worldwide 3.5! Ships would fall to months marine engine efficiency is usually determined using SFOC... Fitted with scrubbers to clean up Sulphur pollution by 2.9 to 6.7 points! Engine power to fuel consumption in the eu download as pdf the senior-management since! With an oversupply of resid, the payout time for scrubber investments on ships would to... Key players Get our latest insights, IMO 2020 and the balance is mainly fuels. In marginal refinery-conversion capacity in 2020, we expect the market for marine fuel demand at the marine!, VLSFO Interislander, new Zealand current marine fuels ’ consumption globally estimated! The globe report 2018 has complete details about market of industry, analysis and current trends a fringe marine management... Shipowners to track, measure and display the exact amount of sulfur emissions! Market research report 2018 has complete details about market of industry, analysis and current trends around 330 tonnes. Low-Sulfur material is far more valuable than resid because of its ability to into! - Table based on the global key manufacturers of marine fuel management is dedicated in enabling our Bunkerworld subscribers deep! Shell is a hub for market intelligence products and services strive to provide individuals with disabilities equal access our!, VLSFO, those with conversion capacity are forced to use marine gasoil with minimal operational change no...