Canada LNG Bunkering Market Report Helps To Predict Investment In An Emerging Market For The Forecast Period 2026

The Canada LNG Bunkering Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Canada LNG Bunkering market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Canada LNG Bunkering market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Canada LNG Bunkering market.

The Canada LNG bunkering market is expected to grow at a CAGR of more than 5.25% during 2020 - 2025.

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Top Leading Companies of Canada LNG Bunkering Market are - Royal Dutch Shell Plc, Harvey Gulf International Marine LLC, Total SA, Nauticor GmbH & Co. KG, Gasum AS, ENN Energy Holdings Ltd, Engie SA, Gazpromneft Marine Bunker LLC and others.

Industry News and Updates:

- In March 2019, the Canadian firm BC Ferries announced to build up to five new LNG powered ferries to replace four existing vessels, to meet changing travel demands into the future. The new ferries are expected to enter service in the mid-2020.

Key Market Trends:

Ferries & OSV to Dominate the Market

- Ferries are vessels used to carry cargoes across the water, offshore support vessels (OSV) are required during oil exploration and construction work in an offshore location.

- It is expected that the early LNG demand for marine vessels in Canada will come from ferries and other coastal traffic and offshore support vessels, following which other marine vessels are also expected to contribute toward LNG demand.

Restrictions on Sulfur Oxide Emissions to Drive the Market

- In October 2016, the International Maritime Organization (IMO) adopted stricter regulations on emissions, most prominently restrictions on sulfur oxide (SOx) emissions, which came into force on the 1st of January 2020.

- With the new 2020 regulations, ships will have to use fuel oil with a sulfur content of no more than 0.50% m/m.

- Also, the Canadian government has made commitments for a significant reduction in greenhouse gases emissions, and the country has an abundant supply of natural gas.

- The LNG-fueled ships are expected to account for over 60% of the new ship orders. With the growing number of LNG-fueled vessels, the demand for the LNG as a marine fuel is expected to grow significantly during the forecast period.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Canada LNG Bunkering Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Canada LNG Bunkering Market (%),2016 - 2026
- Canada LNG Bunkering Market Share, By Brand
- Canada LNG Bunkering Market Share, By Company
- Canada LNG Bunkering Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Canada LNG Bunkering Market Value Analysis & Forecast
- Promising Canada LNG Bunkering Development by Major Companies
- Detailed Canada LNG Bunkering Portfolio of the Major Companies
- Major Deals in the Canada LNG Bunkering Market
- Major Companies Analysis

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This release was published on openPR.