The bunker fuel market has evolved with the shipping industry. Over the past decades, global demand for bunker fuel has increased in tandem with global trade and the volume of vessels. The International Maritime Organization (IMO) is a special agency of the United Nations promoting safe, accessible, and sustainable shipping. It sets standards for safety, environmental performance, and operational practices for international ships. Reduced sulfur emissions from bunker fuels (from 3.5% to 0.5%) came into force as part of new regulations by the IMO to reduce greenhouse gas emissions as well as air pollution from shipping operations which are driving the market.
ResearchMoz provides a comprehensive report on the bunker fuel market. It presents key statistics on supply and demand, trends in this sector along with the latest news on regulations, technology developments, and competition analysis among operators.
Self-Driving Boosts Sales of Bunker Fuel
The global bunker fuel market will be driven by self-driving cars in the future. Companies such as Lyft, Uber, etc are in the process to sell 100% self-driving cars that will boost the demand for the bunker fuel market as this fuel will be used as an alternative fuel to reduce carbon emission.
Read More: https://www.beetribune.com/bunker-fuel-market-revenue/
