LNG Bunkering Market 2024 Industry Analysis by Korea Gas, Crowley Maritime, Evol, Royal Dutch Shell, Engie, Harvey Gulf, Bomin Linde

LNG Bunkering Market size is set to exceed USD 12 billion by 2024, according to a new research report

The research report of global LNG Bunkering market is a comprehensive study of the latest trends and opportunities afloat this business space. Broadly segmented in terms of key products, respective applications, pivotal regions, and the fundamental companies, this report forecasts LNG Bunkering market to traverse alongside a highly profitable growth path by 2024. 

Global Top Manufactures Analysis: 

Skangas, Korea Gas, Crowley Maritime, Evol, Royal Dutch Shell, Engie, Harvey Gulf, Bomin Linde, ENN Energy, Prima LNG, Fjord Line and Polskie. 

Growing demand for cleaner fuel coupled with strict emission regulations to reduce the airborne emissions predominantly in North America and Europe will stimulate LNG bunkering market. In 2015, International Maritime Organization (IMO) introduced Tier III norms to curb NOx emissions from marine vessels among Emission Control Areas (ECAs) under maritime boundaries. 

U.S. LNG bunkering market is predicted to exceed 3,000 kilotons by 2024 owing to the advent of shale gas. Increasing liquefaction plants has spurred the production of liquefied natural gas in the U.S. enabling its adoption as marine fuel. Strict government norms against emissions will further complement the business landscape. In 2015, the EPA implemented the MARPOL Annex VI norms with an aim to limit NOx in marine fuel oil to 0.5% from current levels.

Rising environmental concerns along with government initiatives towards adoption of natural gas as ship fuel will augment the LNG bunkering market. The EU introduced Climate and Energy Package 2020, with an aim to achieve 20% reduction in GHG emissions. In 2014, Trans-European Transport Network (TEN-T) announced funding of USD 138 million towards the development of seven bunkering stations across Western Europe.

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Abundant availability of LNG along with measures to reduce carbon footprints will stimulate Qatar LNG bunkering market. Qatar will be the prime source for flexible liquefied natural gas supply with the capacity of 77.8 mtpa. In 2016, Qatargas, Shell and Maersk group signed a Memorandum of Understanding for developing LNG bunkering industry in Middle East.

Scope of Report:

Global LNG Bunkering market report classifies this industry extensively in terms of the regional landscape. Market Segment by Regions, regional analysis covers:

Container vessel is set to expand by over 40% through to 2024. Germany holds the largest container base in Europe with over 170 new builds container vessels orderbook. High speed transfer rate, location flexibility and ability to transfer large volume of gas will drive the ship-to-ship LNG bunkering market. Standard operation accounts for a transfer rate of 1,100 cu. m/ hr. 

Global LNG Bunkering Market, By Product 

Truck-to-Ship 

Ship-to-Ship 

Port-to-Ship 

Portable tanks 

Global LNG Bunkering Market, By End-Use 

Container Vessels 

Cruise-ships 

Bulk Carriers 

Ferries 

Offshore Support Vessels (OSVs)

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We presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

Table of Content:

Chapter 7.   Company Profiles

7.1.  Royal Dutch Shell plc.

7.1.1. Business Overview

7.1.2. Financial Data

7.1.3. Product Landscape

7.1.4. Strategic Outlook

7.1.5. SWOT Analysis

7.2.  Engie

7.2.1. Business Overview

7.2.2. Financial Data 

7.2.3. Product Landscape

7.2.4. Strategic Outlook

7.2.5. SWOT Analysis

7.3.  Bomin Linde LNG GmbH & Co. KG

7.3.1. Business Overview

7.3.2. Financial Data

7.3.3. Product Landscape

7.3.4. Strategic Outlook 

7.3.5. SWOT Analysis

7.4.  Skangass AS.

 7.4.1. Business Overview

 7.4.2. Financial Data 

7.4.3. Product Landscape

7.4.4. Strategic Outlook 

7.4.5. SWOT Analysis 

7.5.  Gasnor AS 

7.5.1. Business Overview 

7.5.2. Financial Data 

7.5.3. Product Landscape 

7.5.4. Strategic Outlook 

7.5.5. SWOT Analysis

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