According to the latest report published by Credence Research, Inc. “Bunker Fuel Market: Growth, Future Prospects and Competitive Analysis, 2015-2020,” the global bunker fuel market was valued at US$ 244 Bn in 2014, and is expected to reach US$ 288.3 Bn by 2020, expanding at a CAGR of 2.8% from 2015 to 2020.
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