The global liquefied natural gas (LNG) bunkering market is growing significantly, due to high environmental concerns across the globe and increased bunkering of LNG as marine fuel. The International Maritime Organization (IMO) is the United Nations specialized agency, which is involved in setting the standards for safety and security of international shipping and prevention of marine pollution. IMO has set ... Read more
The LNG Bunkering Market is estimated to be valued at US$ 1084.62 Mn in 2023 and is expected to exhibit a CAGR of 11.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
LNG bunkering refers to the provision of LNG as a fuel to ships for the operation of engines and power generation systems. LNG provides numerous advantages as a bunker fuel compared to traditional ... Read more