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Newstrail
Newstrail
According to the recent report by IMARC Group, titled “Bunker Fuel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” The bunker fuel market size reached a value of US$ 123.9 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 155.2 Billion by 2026. Bunker fuel is used to power the engines of a ship or marine fleet. It is a heavy, residual oil left over after the extraction of diesel, gasoline, and other light hydrocarbons during the refining process. Bunker fuel is brown to black in color with a characteristic odor an…