Understand the challenges facing bunker markets in China
The global shipping market is facing big challenges in the midst of a bearish economy. But what impact will that have on the bunker markets in China and Asia? Some shipping companies, expecting an end to the slowdown, have already expanded their fleet; new ship orders rose in the first half of 2013. But it is expected that the market will see overcapacity in the near term. And sluggish markets mean that many shipping companies will face losses; others may claim bankruptcy or quit the market.
Industry players don’t expect the shipping market to recover fully until 2015. Consequently, many ship owners are cutting their bunker fuel costs – giving suppliers of cheaper fuel a chance to take some of the market share. The government is also expected to propose supportive policies for the shipping market.
Market players need to be informed on key movements and government plans for the bunker market in order to plan future activity. The China Bunker Market Annual Report collates ICIS experts’ first hand data and research results, together with data from the General Administration of Customs, NDRC, MOC and other governmental departments to provide an in-depth analysis of the market’s key issues and a forecast of future trends.
The China Bunker Market Annual Report provides a clear view of factors affecting the bunker market in China and Asia. With clear analysis of key developments, including the challenges facing the global shipping market and the rise of cheaper bunker fuel oil, the report provides a complete picture of the situation now – with forecasts up to 2018.
The China Bunker Market Annual Report covers:
Get the information you need to inform your strategic decisions with the China Bunker Market Annual Report. Featuring detailed analysis of the current bunker market, information on key players, price comparisons, and an insight into emerging trends and likely developments over the next five years.
Use the China Bunker Market Annual Report to:
China is expected to boost its gasoil and gasoline exports from 2014, because the world’s second-largest economy is likely to face an oversupply in its fast-growing refining capacities, industry sources said.
A surge in butane demand from butane deep processing units in China may trigger imports of this feedstock in 2013-2014, as supply of domestic butane may fail to meet the robust demand and its quality is not as good as the foreign grade, ICIS C1 Energy forecasts.
China is aiming to slow energy consumption in 2011-2015, as part of its efforts to correct overuse and foster greener economy.