LNG as a Bunker Fuel Market Size, Share, Development by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global LNG as a Bunker Fuel market.

Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport.

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Global LNG as a Bunker Fuel Market: Forecast by Type / Application / Region

First, the LNG as a bunker fuel industry is concentrated around the ECA territories in the world, both on supply and consumption market, especially Northern Europe (Norway). These years, the North America and East Asia have generally shown attention to the potential for LNG as a bunker fuel, especially in South Korea Japan and China.

Second, in the world wide, the LNG powered ships usually sail on the sea, but for China, it is mostly distributed on the river. China government puts a lot of effort on LNG as a bunker fuel project since 2010, and now comes out a few good results, but due to the higher conversion and new construction fees, belonging with the fledgling bunker fuel network system, now the LNG as a bunker fuel industry is still holding on for the large range development.

Third, company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth, also there are many companies adding investment on LNG bunker and LNG powered ship industry. All of them indicates and promotes the healthy develop trend of LNG as a bunker fuel industry.

Fourth, this industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in the likely ECA territories, the need of LNG as a bunker fuel will increase.

Fifth, we tend to believe this industry now is still on a rapid develop period, and the consumption increasing degree will show a fast grow curve. On product prices, the slight fluctuation trend in recent years will maintain in the future. With the technology of LNG ship motor development, the demand market of LNG as a bunker fuel will be brighter.

Over the next five years, LPI(LP Information) projects that LNG as a Bunker Fuel will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

Global LNG as a Bunker Fuel Market: Key Players
Chantier Davie
General Dynamics NASSCO
VT Halter Marine
Gulf Coast Shipyard Group
Aker Philadelphia Shipyard
Ocean Tug & Barge Engineering
Fassmer Werft
Meyer Werft
Flensburger-Schiffbau-Gesellschaft
Meyer Turku
Arctech Helsinki
Fincantieri
Kleven Verft
STX France
Damen Shipyards Group
Hoogezand Nieuwbouw
Ferus Smit
GdanskRemontowa
Sanmar
Hyundai Heavy Industries
Jiangsu Dajin Heavy Industry
Wuhu Hongri Shipping company
Jiangsu Zhengjiang Shipyard
CSSC Guangzhou Huangpu Shipbuilding
Chongqing Jiangjin Feida
Jiangsu Qinfeng Chuanwu
Tsuji Heavy Industries
Jiangsu Jinyang Shipbuilding
Taizhou Jiangbei Zaochuanchang

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Related Information:
United States LNG as a Bunker Fuel Market Research Report 2018
Europe LNG as a Bunker Fuel Market Research Report 2018
North America LNG as a Bunker Fuel Market Research Report 2018
Asia-Pacific LNG as a Bunker Fuel Market Research Report 2018
China LNG as a Bunker Fuel Market Research Report 2018
EMEA LNG as a Bunker Fuel Market Research Report 2018
Global LNG as a Bunker Fuel Market Research Report 2018

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