LNG bunkering is the practice of offering liquefied natural gas fuel to a ship for its own consumption. Over the years, the market for LNG bunkering has gained pace due to the development of the marine sector. To study further, a new report has been included in the wide database of Market Research Reports Search Engine (MRRSE). The research analysis is titled “LNG Bunkering Market (By Vessel Segment - Tankers, Container Ships, Bulk & General Cargo Vessels, and Ferries & ... Read more
LNG bunkering is the practice of offering liquefied natural gas fuel to a ship for its own consumption. Over the years, the market for LNG bunkering has gained pace due to the development of the marine sector. To study further, a new report has been included in the wide database of Market Research Reports Search Engine (MRRSE). The research analysis is titled “LNG Bunkering Market (By Vessel Segment - Tankers, Container Ships, Bulk & General Cargo Vessels, and Ferries & ... Read more
The new legislation from the United Nations’ shipping agency has set new limits for sulfur emissions from vessels that would come into effect from 2020. LNG as a bunker fuel has the inherent properties to comply with environmental emission norms that are to come into effect in future. This is because it has negligible sulfur content and its combustion emits low NOx as compared to that produced by fuel oil and ... Read more
Bunkering is the process of transferring fuel to a vessel or a facility in the form of conventional marine fuels or LNG. The density of LNG is around half that of heavy fuel oil. This translates to around 1.8 times LNG needing to be bunkered to obtain same range in comparison to bunkering heavy fuel oil.
Bunkering is the process of transferring fuel to a vessel or a facility in the form of conventional marine fuels or LNG. The density of LNG is around half that of heavy fuel oil. This translates to around 1.8 times LNG needing to be bunkered to obtain same range in comparison to bunkering heavy fuel oil.
According to the recent study the LNG bunkering market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 6% to 8% from 2023 to 2028. Growth in this market is primarily driven by growing adoption of LNG as an alternative fuel considering low shipping and operating cost, stringent government regulation towards carbon emission, and growing ... Read more
The global LNG Bunkering Market is estimated to be valued at US$592.84 million in 2021 and is expected to reach growth with a remarkable CAGR of 35.26% during the forecast period 2022-2030. With an increasing focus on reducing emissions and promoting sustainable energy solutions, LNG bunkering has emerged as a viable alternative to traditional marine fuels. LNG bunkering refers to the transfer of liquefied natural gas (LNG) to a ship ... Read more
Market Overview:
The global LNG bunkering market is estimated to be valued at US$592.84 million in 2021 and is projected to reach US$ Mn in 2022, exhibiting a staggering CAGR of 35.26% during the forecast period of 2022-2030. LNG bunkering refers to the process of supplying liquefied natural gas (LNG) to ships for use as a fuel. The advantages of using LNG as a marine fuel include reduced emissions, cost-efficiency, and compliance with stringent environmental ... Read more
LNG Adoption Rises as IMO Regulations Tighten
With new regulations coming into effect to drastically reduce the amount of sulfur allowed in maritime fuel, ship owners are scrambling to find compliant options. One solution that is gaining significant traction is the use of liquefied natural gas (LNG) as a marine fuel. The International Maritime Organization's (IMO) sulfur cap, which takes ... Read more
