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 storage and refilling of LNG in ships for use as a marine fuel. LNG as a marine fuel is gaining popularity as it produces less emissions compared to ... Read more

The Growing Importance of LNG as a Maritime Fuel

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