LNG Carrier Cargo Ship Market Growing Demands, latest developments and Business Outlook 2023 to 2029 - Barkmeijer Stroobos BV, Bodewes Shipyards B.V., Construcciones Navales Del Norte, DAEWOO SHIPBUILDING

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The Global LNG Carrier Cargo Ship Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Market Intelligence Data Reports. Industry experts and researchers have offered an authoritative and concise analysis of the LNG Carrier Cargo Ship Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the LNG Carrier Cargo Ship Market. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Worldwide LNG Carrier Cargo Ship Market in the coming years.

The Global LNG Carrier Cargo Ship Market is projected to expand at a CAGR of 7.6% from 2023 to 2029.

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Some of the key players profiled in the study are Barkmeijer Stroobos BV, Bodewes Shipyards B.V., Construcciones Navales Del Norte, DAEWOO SHIPBUILDING, Damen, Fincantieri - Cantieri Navali Italiani, HANJIN HEAVY INDUSTRIES AND CONSTRUCTION, Hitzler Werft, HYUNDAI HEAVY INDUSTRIES, Imabari Shipbuilding, Meyer Turku, MITSUBISHI HEAVY INDUSTRIES - Ship & Ocean, Mitsui Engineering & Shipbuilding, Remontowa, SAMSUNG HEAVY INDUSTRIES, SembCorp Marine, STX SHIPBUILDING and other Prominent players.

Estonia's Elenger takes delivery of first Damen LGC 6000 LNG bunkering vessel

The Estonian energy company Elenger has taken delivery of the first of Damen's new class of Liquified Gas Carrier (LGC) 6000 LNG bunkering vessels. Named Optimus, the 100-metre vessel will carry up to 6,000m³ of LNG in two type-C tanks at -163° C. The vessel was delivered in the port of Rotterdam and will be the first LNG bunkering vessel in the Gulf of Finland, serving both LNG powered vessels and smaller shoreside customers. Its introduction is expected to accelerate the wider adoption of LNG as a cleaner alternative fuel in the Baltic Sea by providing a mobile and efficient ship-to-ship distribution service for the first time.

Hyundai Samho to build LNG carrier duo for about $506 million

Hyundai Samho Heavy Industries has secured an order to build two LNG carriers for about $506 million, according to Korea Shipbuilding & Offshore Engineering. KSOE said on Thursday its unit Hyundai Samho would build the two vessels for 626.7 billion won ($506 million) or some $253 million per vessel, which is a very high price.

Competition is an important issue in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the LNG Carrier Cargo Ship market. The major and emerging players of the LNG Carrier Cargo Ship Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors. This will help players familiarize themselves with the movements of their toughest competitors in the LNG Carrier Cargo Ship market.

The segmental analysis section of the report includes a thorough research study on key type and application segments of the LNG Carrier Cargo Ship market

LNG Carrier Cargo Ship Market (By Types)

Small Scale

Middle Scale

Large Scale

LNG Carrier Cargo Ship Market (By Application)

Commercial

Military

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Important years considered in the LNG Carrier Cargo Ship study:

Historical year - 2017-2021;
Base year - 2023;
Forecast period** - 2023 to 2029 [** unless otherwise stated]

If opting for the Global version of LNG Carrier Cargo Ship Market; then the below country analysis would be included:

- North America (the USA, Canada, and Mexico)

- Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)

- Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)

Asia-Pacific to Dominate the Market

The Asia-Pacific accounted for the largest LNG carrier market share due to increased demand for natural gas because of high industrial growth and the adoption of clean energy sources. Therefore, the region is expected to continue its dominance in the market throughout the forecast period. Most of the demand in the region came from China.

Meanwhile, China has accelerated its policy of reducing emissions and pollution through coal-to-gas conversion, increasing its LNG consumption by 15.0%. Several other Asian countries and regions, notably South Korea and Chinese Taipei, will dramatically expand LNG imports in 2021. As of 2021, Asia Pacific accounts for 72% share of total global LNG imports

China imported 109.5 billion cubic meters of liquefied natural gas (LNG) in 2021, an 16.8% increase compared to 2021. Therefore, China became a vital contributor to the global LNG industry's development and prosperity. Net LNG imports in Asia Pacific in 2021 increased by 7.3%.

- South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)

- the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

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Reasons to Procure this Report:

The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

The report provides LNG Carrier Cargo Ship market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.

The research includes the LNG Carrier Cargo Ship market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

LNG Carrier Cargo Ship market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

The study helps evaluate LNG Carrier Cargo Ship business predictions by region, key countries, and top companies' information to channel their investments.

What is new in 2023?

- Major developments that can change the business landscape as well as market forecasts.

- Addition/refinement in segmentation-Increase in depth or width of segmentation of the market.

- Coverage of new market players and change in the market share of existing players of the LNG Carrier Cargo Ship market.

- Updated financial information and product portfolios of players operating in the LNG Carrier Cargo Ship market.

- Updated market developments of the profiled players.

- Any new data points/analysis (frameworks) which was not present in the previous version of the report

The new edition of the report consists of trends/disruptions on customer's business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for LNG Carrier Cargo Ship.

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