Article: 3 Companies Battle For Market as e-Trading Of Bunker Fuel Takes Off.(Brief Article)(Statistical Data Included)

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 ...

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