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Article: 3 Companies Battle For Market as e-Trading Of Bunker Fuel Takes Off.(Brief Article)(Statistical Data Included)
- Article from:
- The Oil Daily
- Article date:
- March 23, 2001
CopyrightCOPYRIGHT 2001 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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3 Companies Battle For Market as e-Trading Of Bunker Fuel Takes Off
Bunker fuel itself may be slow moving, but e-bunkers are taking off.
Like jet fuel, the only other oil product to have a modicum of e-trading success, bunker fuel owes its pioneering status to the fact that it occupies a niche market.
Three competing online exchanges -- Bunkerstem, OceanConnect, and Smartbunkers -- are vying for early control of what could soon be a significant chunk of the $25 billion-per-year industry. Robin Meech, a consultant with Arthur D. Little, reckons 20% of bunker transactions will be conducted online by 2004. Smartbunkers hopes for 30% by 2003 ...