Evolving Market Trends In The LNG Bunkering Industry: CMA CGM And TotalEnergies Pioneer Ship-To-Containership LNG Bunkering In Marseilles

The LNG Bunkering Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected LNG Bunkering Market Size During the Forecast Period?
The scale of the LNG bunkering market has seen substantial expansion in the past few years. Expected to rise from $1.56 billion in 2024 to $2.34 billion in 2025, the market is set to experience a compound annual growth rate (CAGR) of 50.0%. The growth observed in the historical period can be traced back to factors such as enhanced gas exploration, a surge in maritime trade activities, significant economic progress in emerging markets, and an increase in import and export activities.

The market size for LNG bunkering is projected to experience substantial growth over the next few years, with expectations to reach $10.86 billion by 2029, displaying a compound annual growth rate (CAGR) of 46.8%. The anticipated growth in the coming period can be linked to the rising number of vessels and ships, escalating demand for LNG fuel, and growing need for marine decarbonization. Key trends expected throughout the forecast period encompass the progression of ship-to-containership LNG bunkering operations, strategic alliance formation, advancements in technology, innovation in product, LNG bunkering of unadulterated car and truck carriers (PCTCs), the creation or implementation of eco-friendly LNG bunkering vessels, and an emphasis on artificial intelligence-based LNG bunkering.

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What Are the High-Growth Segments in the LNG Bunkering Market?
The LNG bunkering market covered in this report is segmented -

1) By Type: Ship To Ship, Terminal To Ship, Truck To Ship
2) By End-User: Defense Vessels, Yachts, Cruise Ships, Ferries And OSVs, Bulk And General Cargo Fleets, Other End-Users

Subsegments:
1) By Ship To Ship: Bunker Barges, LNG-Fueled Vessels
2) By Terminal To Ship: Shore-to-Ship Transfer Systems, Fixed Terminal Facilities
3) By Truck To Ship: Mobile Bunkering Units, LNG Transport Trucks

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What Key Drivers Are Expected to Influence Future LNG Bunkering Market Growth?
The growth of the LNG bunkering market is set to be enhanced by the rising tally of vessels and ships. It is important to note that a vessel is seen as any object with the ability to float and be controlled or driven, either autonomously or through external methods. In the interest of ship-to-ship bunkering, these LNG bunkering vessels are employed which results in increasingly resorting to LNG as a marine fuel. To delve into specifics, BIMCO - a Denmark-based NGO (Baltic and International Maritime Council) reported in February 2023 that after seeing a 4.0% rise in 2022, the container fleet is projected to surge by 6.3% in 2023 and 8.1% in 2024. The report also suggests that supply is set to go up by 11.3% in 2023 and 3.1% in 2024 due to the alterations in bottleneck and sailing velocity influencing fleet performance. As a result, foreseeable growth in the LNG bunkering market is to be aided by the escalating count of vessels and ships.

Which Companies Hold the Largest Share Across Different LNG Bunkering Market Segments?
Major companies operating in the LNG bunkering market include World Fuel Services, Crowley Maritime Corporation, SHV Energy, Engie SA, Gaz-System, Petrochina, ENN Energy Holdings Limited, Sinopec, Guanghui Energy Company Limited, Woodside Energy, Santos Ltd, Nauticor GmbH & Co. KG, Engas, Edison S.p.A, LNG Croatio LLC, Klaipedos Nafta AB, Blue Grid Gas & Power, Polskie LNG S.A, Eagle LNG Partners, Pivotal LNG Inc, FortisBC, NorthStar Holdco Energy LLC, Conrad Shipyards LLC, TOTO Maritime, Petrobras, Golar Power, YPF, Qatar Petroleum, ADNOC LNG, RasGas Company Limited, The Spanish Egyptian Gas Company, Damietta LNG Co, Petroliam Nasional Berhad, Sonatrach

What Are the Latest Developing Trends in the LNG Bunkering Market?
Innovative practices are becoming a major trend in the LNG bunkering market as leading market participants concentrate on developing inventive operations to maintain their stronghold in the sector. One such initiative is ship-to-containership LNG bunkering. For example, in January 2022, the France-based logistics and shipping company, CMA CGM, in collaboration with TotalEnergies, a France-origin integrated energy and petroleum firm, unveiled the first ship-to-containership LNG bunkering operation in Marseilles. CMA CGM BALI, a 15,000 TEU LNG-fuelled containership serving the MEX 1 route linking Asia and South Europe, was supplied with approximately 6,000m3 of LNG by Gas Vitality, the inaugural LNG bunker vessel stationed in France from TotalEnergies. The refuelling was executed ship-to-ship at the Eurofos container terminal, concurrently with the containership performing cargo operations.

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What Are the Emerging Geographies for The LNG Bunkering Market Growth?
Europe was the largest region in the LNG bunkering market in 2024. The regions covered in the LNG bunkering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the LNG Bunkering Market?
2. What is the CAGR expected in the LNG Bunkering Market?
3. What Are the Key Innovations Transforming the LNG Bunkering Industry?
4. Which Region Is Leading the LNG Bunkering Market?

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