A Comprehensive Study Exploring LNG Bunkering Market

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.

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.

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Market Dynamics

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.

Europe was the largest revenue contributor to the global market in 2016, accounting for 42.17% share. This is due to presence of largest bunkering hub, Norway in the region, as it offers over 18,000 LNG bunker stations. Moreover, rising concerns for minimizing the environmental impact and augmenting investments towards rebuilding and upgrading LNG infrastructure is anticipated to further boost growth of LNG bunkering market in Europe.

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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

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