The
global LNG bunkering fuel market. The report studies the market’s
historical statistics to analyze its growth trajectory over the past
few years, and projects the course the market is likely to adopt
during the forecast period from 2014 to 2025. Based on capacity, the
global LNG bunkering market, which stood at 70 kilo tons in 2013, is
anticipated to reach 22,540 kilo tons by 2025, exhibiting a robust
63.6% CAGR between 2014 and 2025. The report, titled “LNG Bunkering
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast, 2014 - 2025”, is available on the company website for
sale.
Browse
LNG Bunkering Market Report with Full TOC at
http://www.transparencymarketresearch.com/lng-bunker-fuel-market.html
For
shipping companies operating in emission control areas (ECAs), LNG
represents an attractive bunkering alternative. “The lower cost of
LNG bunker fuel than other variants of ECA-compliant fuels in Europe
and North America is the primary reason boosting the LNG bunker fuel
market in the global scenario”, says a lead TMR analyst. Despite
rising opportunities for environment-friendly fuels, LNG bunkering
infrastructure has developed only in a couple of ports around the
North Sea, the English Channel, and the Baltic Sea, since shipping
companies operating in these regions have to adhere to stringent
sulfur regulations.
Market
veterans anticipate the sulfur emission norms to tighten further,
resulting in a widening gap between natural gas and conventional fuel
prices. Impelled by such factors, the development of LNG bunkering
infrastructure has paced up in the aforementioned European regions.
The majority of LNG bunkering stations are currently located in
Northern Europe. These stations are designed specifically to cater to
the fuel demands of inland vessels as well as large ships docking at
ports in ECAs. Enhanced initiatives adopted by port authorities and
financial assistance from the European Union are expected to propel
the development of LNK bunkering stations across the most prominent
trading centers in Europe.
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Continuously
dropping prices of natural gas in North America will boost the sales
of LNG bunker fuel in North American ports, according to the report.
Likewise, Asia Pacific countries such as South Korea and China have
substantially invested in the development of LNG bunker fuel.
Moreover, no stringent regulations are likely to be imposed on the
use of bunker fuel in this region before 2020. Hence, the demand for
bunker fuel in Asia Pacific is projected in the report to grow from
2020 onwards.
Bunker
fuel is primarily consumed by marine vessels such as bulk and general
cargo vessels, tankers, container ships, offshore port vessels, and
ferries. Since ferries and support vessels spend their maximum voyage
time within ECAs, shipping companies operating these vessels are
gradually shifting from traditional engines to LNG-fuelled vessels.
Hence, ferries and offshore support vessels account for a major share
of the global LNG bunker fuel market. Rising container traffic in
both Europe and Asia Pacific will boost the adoption of LNG as a
bunker fuel by containers in both the regions. To present a
comprehensive market overview, the report also profiles the leading
players operating in the market, such as Bomin Linde LNG GmbH &
Co. KG, GDF SUEZ S.A, Korea Gas Corporation, Gasnor AS, Skangass AS,
and Harvey Gulf International Marine LLC.
Browse
Article Of LNG Bunkering Market
http://www.transparencymarketresearch.com/article/lng-bunker-fuel-market.htm
The
global LNG bunkering market has been segmented as below:
LNG
Bunkering Market: End User Analysis
- Container Vessels
- Tankers Vessels
- Bulk & General Cargo Vessels
- Ferries & OSV
LNG
Bunkering Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Browse
TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
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and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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