What is bunker fuel used for?
Maritime vessels use bunker fuel to power their motors, but depending on your vessel, it might not be regular white diesel. Some watercraft indeed use diesel and other, larger vessels marine gas oil (which is considered a low sulfur fuel oil or LSFO) as their source of bunker fuel.
What is Vlsfo fuel?
VLSFO fuel is a special type of fuel kept in large storage tanks around ports to refuel ships. getty. VLSFO was rushed for approval last year by the International Maritime Organization, the UN Shipping Agency responsible for global shipping.
How many ships use bunker fuel?
Today it is used by 60% of the approximately 60,000 ocean-bound large vessels in the world, that comprise cargo ships, cruise ships, ferries, oil tankers and bulk carriers – like the one that ran aground in in the Indian Ocean island of Mauritius.
Do cruise ships use bunker fuel?
The cruise sector is a voracious energy consumer. Cruise ships don’t just burn bunkers for propulsion, they guzzle fuel to power their massive hotel superstructures: the rooms, restaurants, bars, casinos, elevators, shows, roller coasters, ice-skating rinks and wave machines.
What is the viscosity of Vlsfo?
The majority (80%) of RM VLSFO samples had a viscosity at 50°C between 80 and 180 cSt and 6.5% were below 20 cSt – with the average at 105 cSt compared to 355 cSt for HSFO in 2018.
What does bunkering mean in the oil industry?
Bunkering services refers to the provision of marine fuels to ships, as well as other ocean faring vessels, such as oil tankers, container vessels, cargo vessels, cruise ships and ferries, as well as vessels utilised in the upstream oil and gas industry such as offshore support vessels, submersible and semisubmersible rigs and FPSO vessels.
Is the bunker fuel market poised for growth?
Bunker Fuel Market. The bunker market is poised for growth in near future riding on surging demand from shipping industry and oil & gas sector. The shipping industry is witnessing massive growth due to increasing trade via sea routes across the world. The bunker fuels are used by shipping corporations to fuel fleets.
What are the different types of bunker fuel?
The bunker fuel market is categorized according to fuel grade and application. The various types of bunker fuel grade include Intermediate Fuel Oil (IFO) 180, Intermediate Fuel Oil (IFO) 380, Intermediate Fuel Oil (IFO) 500, Intermediate Fuel Oil (IFO) 700, MDO/MGO, Low Sulfur (LS) 380 and Low Sulfur (LS) 180.
Why is the LNG bunkering market so important?
The global LNG bunkering market evolved over the past decade, driven by the growth in global LNG usage, clean energy demand, and its ability to reduce greenhouse gas emissions. The order and delivery of LNG-powered vessels are increasing, and the reduced natural gas prices in 2014 marked the beginning of expanding opportunities for such vessels.