Global Bunker Quantity Survey Market Overview:
A bunker quantity survey involves a licenced marine surveyor collecting measurements onboard the delivery barge or at the shore tank, as well as on the receiving vessel, before and after the oil is transferred. Bunker Quantity Surveys help customers to ensure the vessel receives the same quantity of bunker as ordered, guarantee a true sample is collected throughout the whole period of bunker transfer, accurately measure and calculate the quantity onboard and and supplying barge, maintaining an accurate inventory of fuel onboard and correct inventory if needed.
Growth Drivers
- Rising demand of survey to ensure the vessel receives the same quantity of bunker as ordered
- Adaptation to accurately measure and calculate the quantity onboard and
- supplying barge
Roadblocks
Opportunities
- Growth in detailed bunker survey and fuel reports
- High demand from end-user industry
Challenges
- Lack of skilled workforce
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Intertek (United Kingdom), Eurocheck Marine (Netherlands), Viswa Lab (United States), Veritas Petroleum Services (Singapore), Seatech (Singapore), Seahawk Services (United States), Lloyd's Register (United Kingdom), Marine Bunker Surveys (Netherlands), Van Ameyde Marine (Netherlands), CJA Marine (Singapore) and Viking Marines (United Arab Emirates). Additionally, following companies can also be profiled that are part of our coverage like SMV Maritime (United Arab Emirates) and Constellation Marine Services (United Arab Emirates). Analyst at AMA Research see Global Manufacturers to retain maximum share of Global Bunker Quantity Survey market by 2026.
On 26 June, 2018,Inchcape Shipping Services' Bunker Optimisation Product, successfully launched in Fujairah offers a combined Port Agency, Launch and Bunker Quantity Survey product to support Bunkering Operations in the port. This bundled product enables Inchcape to provide a combined cost effective price to its customers, with a multi element service through a single point of contact.
What Can be Explored with the Bunker Quantity Survey Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Bunker Quantity Survey Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Bunker Quantity Survey
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bunker Quantity Survey market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Bunker Quantity Survey market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Bunker Quantity Survey Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.