World News
3 Companies Sell 20% of the World's Bunkers
The world's top three bunker suppliers are responsible for 20% of global bunker sales, while the Top 10 bunker suppliers are responsible for over one third of global sales, according to a new industry report.
The "Top 10 Bunker Suppliers for 2020" report shows the combined annual bunker sales volume of Bunker Holding, World Fuel Services, and Peninsula Petroleum totals 61 million metric tonnes.
Combined annual sales for all companies on the Top 10 list, which includes Minerva Bunkering, Cockett Marine Oil and Fratelli Cosulich among others, totals 103.3 million mt.
Global demand is currently estimated at 300 million metric tonnes annually.
The report, jointly produced by Ship & Bunker and SeaCred, uses several criteria to select the Top 10 players for 2020, with annual volume sold being a key factor.
For more information on The Top 10 Bunker Suppliers for 2020 please visit: https://shipandbunker.com/bi/top10
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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