Global LNG Bunkering Market size, share, statistics, demand and revenue, forecast 2025

Bunkering is a process of refueling the marine vessels, using pipelines that are connected to the terminal or a direct transfer of fuel from ships or trucks. Ease in transportation and storage of Liquefied Natural Gas (LNG) is expected to be a factor for increasing adoption of LNG bunkering. Its relatively low density and high heating value results in reduction of emission of harmful greenhouse gas.

Bunkering is the process of transferring fuel to a vessel or a facility in the form of conventional marine fuels or LNG. The density of LNG is around half that of heavy fuel oil. This translates to around 1.8 times LNG needing to be bunkered to obtain same range in comparison to bunkering heavy fuel oil.

Request For Sample Copy of this Report : https://www.coherentmarketinsights.com/insight/request-sample/1085

LNG bunkering market is expected to exhibit significant growth over the forecast period (2017–2025). This is attributed to increasing number of vessels and ships using LNG, as it is a clean fuel. Governmental and non-governmental bodies are implementing stringent regulations on emission of harmful gases. For instance, The America Bureau of Shipping (ABS), incorporated a framework of risk assessment considering LNG leakage during bunkering, which includes, leaks from LNG pipes, pumps, tanks or hoses, inadvertent disconnection of hoses, overfilling vessel fuel tanks and external impact. This creates a conducive environment for growth of the LNG bunkering market. However, lack of infrastructure for fueling LNG across bunkering locations is one of the major factors hindering growth of global LNG bunkering market.

Detailed Segmentation:

Global LNG Bunkering Market, By Product Type:
Portable Tanks
Ship-to-Ship
Port-to-Ship
Truck-to-Ship

Global LNG Bunkering Market, By Vessel Type:
Ferries
Cruise-Ships
Bulk and General Cargo Fleet
Offshore Support Vessels
Tanker Fleet
Container Fleet
Others

FLAT 25% DISCOUNT on all CMI Reports, Promo Code: CHRISTMAS2020

Request Discount of This Report:
https://www.coherentmarketinsights.com/insight/request-discount/1085

The major players in the global LNG bunkering market include Royal Dutch Shell Plc., Skangas, ENN Energy, Korea Gas Corporation, Prima LNG, Harvey Gulf International Marine LLC, Bomin Linde LNG GmbH & Co KG, Fjord Line, Crowley Maritime Corporation, and Polskie LNG.

Contact Us:
Name: Mr. Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
Visit Our Blogs: https://blog.coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.