日本船用燃料：市場佔有率分析、產業趨勢與統計、成長預測（2025-2030）

日本船用燃料市場規模預估至2025年為37.8億美元，預估至2030年將達58.4億美元，預測期間（2025-2030年）複合年成長率為9.11%。

主要亮點

• 中期來看，由於實施更嚴格的環境法規而導致對清潔船用燃料的需求增加以及各地區電力行業擴大液化天然氣貿易等因素預計將推動2024年至2029年的市場。
• 另一方面，船用燃料和原油成本的變化預計將阻礙市場成長。
• 預計2024年至2029年，服役船舶數量和海上運輸需求將創造多個未來市場機會。

日本燃料油市場趨勢

極低硫燃料油（VLSFO）顯著成長的前景

• 船用燃料硫含量高，會排放有害氣體。有多種方法可以降低硫含量。超低硫燃料油就是此類燃料之一。隨著 IMO 法規於 2020 年 1 月生效，對硫含量為 0.5% 或以下的極低硫燃油 (VLSFO) 的需求不斷增加。
• 預計大部分高硫燃料油（HSFO）船用燃料油市場很快就會被低硫替代品取代。市面上大多數的 VLSFO 將渣油和餾分油成分與不同黏度和硫含量的切割劑結合，以生產符合規格的產品。
• 日本正致力於增加煉油廠數量，以滿足對極低硫燃油不斷成長的需求。截至2024年1月，日本有20家煉油廠。日本的精製能力為 323 萬桶/日，而 20 世紀 80 年代初為 600 萬桶/日。日本正在增加煉油廠的數量以滿足 VLSFO 的需求，並正在製定策略以再次達到以前的數量。所有這些策略都可能滿足 2024 年至 2029 年間不斷成長的需求。
• 截至2023年，日本70%的燃油需求將是用於遠洋船舶的低硫燃油（VLSFO）。這取決於煉油廠的產能。政府與多個組織制定了提高煉油廠產能的計畫。 2024年2月，Kosmos宣布煉油廠產能可能在2024-25年超過90%（2023-24年為87.5%）。
• 此外，2023 年 8 月，Pemex 宣布與日本國際協力機構 (JICA) 和永續解決方案公司 Adaptex 合作，為使用極低硫燃料油 (VLSFO) 的煉油廠開發創新解決方案，以提高能源效率。技術計劃的合約。所有這些協議都將增加 2024 年至 2029 年對 VLSFO 的需求，並為該組織創造未來機會。
• 因此，在國內高需求、近期趨勢和即將推出的煉油計劃的推動下，該地區預計將在 2024 年至 2029 年期間推動市場需求。

液化天然氣作為船用燃料可能會顯著成長

• 在全球液化天然氣使用量增加、清潔能源需求以及盡量減少溫室氣體排放的機會的推動下，日本液化天然氣燃料庫產業在過去十年中得到了發展。液化天然氣運輸船的需求逐漸增加，天然氣價格的下降標誌著該類型船舶市場開始擴大。
• 將目前營運的船舶改裝為液化天然氣運輸船需要大量成本。因此，它在經濟上不可行。新的污染法規生效後，液化天然氣動力船舶預計將成為所有燃料選擇中營運成本最低的。此外，從重油、船用輕油、船用柴油等傳統船用燃料供應方式逐步過渡到LNG推進更具優勢。採用液化天然氣推進，船舶營運將更加高效，碳排放將顯著減少。
• 由於新的環境法規，各國目前正關注液化天然氣裝運船隻的使用。第一艘動力來源天然氣動力海岬型散裝貨船計劃於 2024 年 2 月交付日本。根據日本郵船研究，該船是日本造船廠建造的第一艘海岬型液化天然氣燃料散裝貨船。透過擴大液化天然氣船隊，NYK 正在努力實現整個供應鏈脫碳，並實現 NYK 集團從 2021 會計年度到 2030 會計年度將溫室氣體排放減少 45% 的目標。這些發展將增加 2024 年至 2029 年對液化天然氣作為船用燃料的需求。
• 根據世界能源資料統計，2022年液化天然氣進口量預計為983億立方米，較2021年下降2.96%。由於政府透過簽署多項合約來專注於提高煉油廠產能，未來幾年進口量可能會增加。
• 此外，2023年8月，日本液化天然氣公司同意支付高達8.8億美元購買澳洲海上大型天然氣計劃的股權。對於斯卡伯勒計劃，伍德賽德能源集團將把10%的所有權轉讓給住友商事株式會社和雙日持有的合資企業。此外，還簽署了一份契約，從 2026 年開始的 10 年內，每年從該計劃供應 12 批約 90 萬噸液化天然氣 (LNG)。所有這些合約都將在 2024 年至 2029 年間增加液化天然氣產能，為該組織創造未來機會。
• 因此，在國內高需求、近期趨勢和即將開展的計劃的推動下，該地區預計將在 2024 年至 2029 年期間推動市場需求。

日本船用燃料油產業概況

日本的船用燃料油市場正變得半固體。該市場的主要企業是：中國石油天然氣股份有限公司、Ocean Bunkering Services (Pte) Ltd、Shell Eastern Trading (Pte) Ltd、Equatorial Marine Fuel Management Services Pte Ltd 和 Sentek Marine & Trading Pte Ltd。

其他好處

• Excel 格式的市場預測 (ME) 表
• 3 個月分析師支持

目錄

第1章簡介

• 調查範圍
• 市場定義
• 研究場所

第2章調查方法

第3章執行摘要

第4章市場概況

• 介紹
• 至2029年市場規模及需求預測（單位：十億美元）
• 最新趨勢和發展
• 政府法規和措施
• 市場動態
  • 促進因素
    • 液化天然氣貿易增加
    • 海運增加
  • 抑制因素
    • 原油價格波動
• 供應鏈分析
• PESTLE分析

第5章市場區隔

• 按燃料類型
  • 高硫燃料油（HSFO）
  • 極低硫燃油（VLSFO）
  • 船用輕柴油 (MGO)
  • 其他燃料類型
• 按船舶類型
  • 容器
  • 油船
  • 雜貨船
  • 散貨船
  • 其他船型

第6章 競爭狀況

• 併購、合資、聯盟、協議
• 主要企業策略
• 公司簡介
  • 燃料供應商
    • PetroChina Company Limited
    • Ocean Bunkering Services（Pte）Ltd
    • Sentek Marine & Trading Pte Ltd
    • Equatorial Marine Fuel Management Services
    • Shell Eastern Trading（Pte）Ltd
  • 船東
    • Cosco Shipping Lines Co Ltd
    • Orient Overseas Container Line（OOCL）
    • Parakou Group
    • Nan Fung Group
    • Mediterranean Shipping Company
    • The Great Eastern Shipping Co. Ltd
• 市場排名/佔有率分析

第7章 市場機會及未來趨勢

• 海運需求

The Japan Bunker Fuel Market size is estimated at USD 3.78 billion in 2025, and is expected to reach USD 5.84 billion by 2030, at a CAGR of 9.11% during the forecast period (2025-2030).

Key Highlights

• In the medium period, factors such as rising demand for cleaner bunker fuels due to implementing more restrictive environmental regulations and the growing trade of LNG for the power sector in the regions are expected to drive the market between 2024 and 2029.
• On the other hand, changes in the cost of bunker fuel and crude oil are expected to hinder the market's growth.
• Nevertheless, the number of ships in service and the demand for maritime transportation are expected to create several future market opportunities from 2024 to 2029.

Japan Bunker Fuel Market Trends

Very Low Sulfur Fuel Oil (VLSFO) is Expected to Witness Significant Growth

• Bunker fuels have a high sulfur content and may emit harmful fumes. Different methods can be employed to lower sulfur concentration. Ultra-low-sulfur fuel oil is one of the varieties of this kind of fuel. With an IMO regulation going into effect in January 2020, there is a growing need for very low sulfur fuel oil (VLSFO) with a sulfur concentration of less than 0.5%.
• The majority of the market for high-sulfur fuel oil (HSFO) bunker fuel is anticipated to be replaced soon by low-sulfur substitutes. The majority of VLSFO sold on the market is made up of residual and distillate components combined with different cutters with different viscosities and sulfur contents to produce a product that meets specifications.
• The nation is focusing on increasing the number of refineries to overcome the increased demand for VLSFO. As of January 2024, Japan had 20 refineries. The country's refining capacity is 3.23 million b/d, compared to 6 million b/d in the early 1980s. The country is making strategies to increase the number of refineries to fulfill the demand for VLSFO and reach the previous numbers again. All these strategies are likely to fulfill the increased demand between 2024 and 2029.
• As of 2023, Japan's total bunker demand involved 70% of low-sulfur fuel oil (VLSFO) for deliveries of ocean-going vessels. This is more dependent on the refinery's capacity. The government is making plans to increase the refinery's capacity with several organizations. In February 2024, Cosmos announced that the refinery capacity is likely to be above 90% during FY2024-25 compared to 87.5 % in FY23-24.
• Moreover, in August 2023, Pemex announced that it had inked a deal with the Japan International Cooperation Agency (JICA) and the sustainable solutions company Adaptex to implement a plan for innovative technology to operate with greater energy efficiency in the refinery involving very low-sulfur fuel oil (VLSFO). All these types of agreements increase the demand for VLSFO between 2024 and 2029 and create future opportunities for the organization.
• Hence, driven by high domestic demand, recent developments, and upcoming oil refinery projects, the region is expected to drive the demand for the market from 2024 to 2029.

LNG as a Bunker Fuel is Likely to Witness Significant Growth

• The Japan LNG bunkering industry has developed over the last decade, driven by increased global LNG usage, clean energy demand, and the opportunity to minimize greenhouse gas emissions. LNG-powered vessels are becoming progressively higher in demand, and lower natural gas prices signaled the start of an expansion in the market for these kinds of vessels.
• The cost of converting the current operational vessels to LNG-powered vessels is significant. It is, therefore, not feasible economically. After the new pollution restrictions take effect, LNG-based vessels are anticipated to have the lowest operating costs of all the fuel options. Furthermore, a gradual transition from conventional ship fueling methods, such as heavy fuel oil, marine gas oil, and marine diesel oil, to LNG propulsion is more advantageous. The ship's operational efficiency has increased, and its carbon footprint is significantly reduced with LNG-based propulsion.
• Countries are now focusing on using LNG power carriers owing to the new environmental regulations. In February 2024, the first-ever capsized bulk carrier powered by LNG was to be delivered to Japan. The ship is the first Capesize LNG-fueled bulk carrier ever constructed at a Japanese shipyard, according to an NYK investigation. Expanding its fleet of LNG-fueled ships, NYK is taking on the issue of decarbonizing a complete supply chain while meeting the NYK Group's target of a 45% reduction in GHG emissions from FY2021 to FY2030. These developments increase the demand for LNG as a bunker fuel between 2024 and 2029.
• According to the Statistical Review of World Energy Data, LNG imports were reported to be 98.3 billion cubic meters in 2022, which was reduced by 2.96% compared to 2021. The imports are likely to increase in the coming years as the government focuses on increasing the refinery capacity by signing multiple deals.
• Furthermore, in August 2023, LNG Japan Corp. agreed to pay up to USD 880 million for a stake in a massive natural gas project off the coast of Australia. The Scarborough project will see Woodside Energy Group give up 10% of its ownership to the joint venture, which Sumitomo Corp. and Sojitz Corp hold. Furthermore, a deal was reached to deliver 12 cargoes, or roughly 900,000 tons, of liquefied natural gas (LNG) annually for ten years starting in 2026 from the project. All these types of agreements increase the capacity of LNG between 2024 and 2029 and create future opportunities for the organization.
• Hence, driven by high domestic demand, recent developments, and upcoming projects, the region is expected to drive the demand for the market from 2024 to 2029.

Japan Bunker Fuel Industry Overview

The Japanese bunker fuel market is semi-consolidated. Some of the major players in this market are PetroChina Company Limited, Ocean Bunkering Services (Pte) Ltd, Shell Eastern Trading (Pte) Ltd, Equatorial Marine Fuel Management Services Pte Ltd, and Sentek Marine & Trading Pte Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Scope of Study
• 1.2 Market Definition
• 1.3 Study Assumptions

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW

• 4.1 Introduction
• 4.2 Market Size and Demand Forecast in USD billion, till 2029
• 4.3 Recent Trends and Developments
• 4.4 Government Policies and Regulations
• 4.5 Market Dynamics
  • 4.5.1 Drivers
    • 4.5.1.1 Increasing LNG Trade
    • 4.5.1.2 Rising Marine Transportation
  • 4.5.2 Restraints
    • 4.5.2.1 Fluctuations in Crude Oil Prices
• 4.6 Supply Chain Analysis
• 4.7 PESTLE Analysis

5 MARKET SEGMENTATION

• 5.1 By Fuel Type
  • 5.1.1 High Sulfur Fuel Oil (HSFO)
  • 5.1.2 Very-low Sulfur Fuel Oil (VLSFO)
  • 5.1.3 Marine Gas Oil (MGO)
  • 5.1.4 Other Fuel Types
• 5.2 By Vessel Type
  • 5.2.1 Containers
  • 5.2.2 Tankers
  • 5.2.3 General Cargo
  • 5.2.4 Bulk Carrier
  • 5.2.5 Other Vessel Types

6 COMPETITIVE LANDSCAPE

• 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
• 6.2 Strategies Adopted by Leading Players
• 6.3 Company Profiles
  • 6.3.1 Fuel Suppliers
    • 6.3.1.1 PetroChina Company Limited
    • 6.3.1.2 Ocean Bunkering Services (Pte) Ltd
    • 6.3.1.3 Sentek Marine & Trading Pte Ltd
    • 6.3.1.4 Equatorial Marine Fuel Management Services
    • 6.3.1.5 Shell Eastern Trading (Pte) Ltd
  • 6.3.2 Ship Owners
    • 6.3.2.1 Cosco Shipping Lines Co Ltd
    • 6.3.2.2 Orient Overseas Container Line (OOCL)
    • 6.3.2.3 Parakou Group
    • 6.3.2.4 Nan Fung Group
    • 6.3.2.5 Mediterranean Shipping Company
    • 6.3.2.6 The Great Eastern Shipping Co. Ltd
• 6.4 Market Ranking/Share Analysis

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

• 7.1 Demand for Marine Transportation