Caribbean Islands bunker fuel market is growing at a CAGR of 10.7% from 2017 to 2023

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Introduction
The Caribbean Islands bunker fuel market was
valued at 8,931 million in 2017 and is projected
to reach 16,404 million by 2023, growing at a
CAGR of 10.7 from 2017 to 2023. Bunker fuel is
the fuel oil delivered to ships of all states
that are engaged in international navigation.
Bunker fuel refers to the heavy oil, which is
used to power a ship. Distillate and residual are
the two types of marine fuels, which are most
widely used in the bunker fuel industry. 
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Caribbean islands bunker fuel market size is
primarily expanding due to rise in marine trade.
Growing offshore hydrocarbon exploration
activities are developing scope for the bunker
fuel consumption. But, the growth of this market
is largely driven by increase in marine-borne
trade and IMOs regulations of sulfur cap for
marine fuels. Besides this, due strengthening
country level political alliances trade
activities have increased. Wherein, marine trade
is a convenient choice as a result of high
shipment capacity.
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Key Benefits

• This report provides an extensive analysis of the
  current trends, emerging estimations, and
  dynamics in the Caribbean islands bunker fuel
  market.
• Caribbean islands bunker fuel market forecast is
  provided by considering historical market trends
  and impact of technological momentum on the
  market
• In-depth analysis of the market is conducted and
  estimations for key segments between 2015 and
  2023 are provided
• Caribbean islands bunker fuel market trends are
  provided by analyzing various macro and micro
  economic variables
• Caribbean islands bunker fuel market opportunity
  is analyzed on the various emerging applications
  of bunker fuel

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Key Market Players

• Aegean Marine Petroleum Network Inc.
• Bomin Bunker Oil Corp.
• Royal Dutch Shell Plc
• Gazprom Neft Pjsc
• Bunker Holding A/S
• Kpi Bridge Oil A/S
• Chemoil Energy Ltd.
• Exxon Mobil Corporation (Exxonmobil Chemical
  Company, Inc.)
• Gac Bunker Fuels Ltd.
• Bp Plc

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