PPT for LNG Bunkering Market Research 2017

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LNG Bunkering Market, Regional Outlook Forecast
2017 - 2024
LNG Bunkering Market Size By Product
(Truck-to-Ship, Port-to-Ship, Ship-to-Ship,
Portable Tanks), By End-Use (Container Vessels,
Cruise-ships, Bulk Carriers, Ferries, Offshore
Support Vessels), Industry Analysis Report,
Regional Outlook, Price Trends, Competitive
Market Share Forecast, 2017-2024
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Global Market Scenario of LNG Bunkering

• LNG Bunkering Market size is set to exceed USD 12
  billion by 2024, according to a new research
  report by Global Market Insights, Inc.
• 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.

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U.S. LNG Bunkering Market Size, By Product, 2016
2024 (USD Million)
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Products Insights

• Ship-to-ship LNG bunkering market is predicted to
  witness growth over 60 by 2024 owing to its high
  capacity and quick transfer operations. Ability
  to allow the movement of cargo and bunkering
  operation to occur simultaneously will further
  complement the industry landscape. In 2017,
  Belgium received the delivery of worlds first
  purpose built LNG bunker vessel Engie Zeebrugge
  with a capacity of 5000 cu. meters.
• Availability of pipeline on ports along with
  larger hose to increase the bunkering rate will
  positively impact port-to-ship market size. Low
  cost and quick transfer operation will encourage
  the adoption of truck to ship operations.

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Regional and Competitive Insights

• 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.
• Key players in LNG bunkering market are Skangas,
  Gasum, Royal Dutch Shell, Korea Gas Corporation,
  Evol, Harvey Gulf, Crowley Maritime, Engie, Bomin
  Linde, Polskie, Swedegas, ENN Energy, Prima LNG,
  Enagas and Fjord Line.

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