LNG as a Bunker Fuel Market – Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2019 – 2024

Wiseguyreports.Com Publish New Market Research Report On -“LNG as a Bunker Fuel Market 2019 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2024”

Pune, India - September 20, 2019 /MarketersMedia/ —

LNG as a Bunker Fuel Market 2019

Natural gas is one of the most commonly used fossil fuels for power generation across the globe and is touted as the ‘21st century fuel’ owing to its cleaner nature as compared to other popular fossil fuels such as coal and oil. Natural gas is liquefied (which is called liquefied natural gas (LNG), predominantly methane, CH4) to make it more viable for transport and use with ease across several end-use applications. Bunker fuel is the fuel oil delivered to ships of all states that are engaged in international navigation (via sea, inland lakes & waterways, and coastal waters).

The global LNG as a bunker fuel market was valued at USD 137.2 billion in 2017 and is expected to reach USD 273 billion by 2025, registering a CAGR of 9.4% from 2018 to 2025.

Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/3757830-global-lng-as-a-bunker-fuel-market-2019

Some of the key factors propelling the growth of this market are:
increased offshore hydrocarbon, oil, and gas exploration activities in offshore destinations, especially in APAC
growth in marine trade due to rise in import-export activities
exploration of untapped reserves in oil producing regions to positively influence the demand for shipping vessels, which in turn, drives LNG bunker fuel market
with global economic recovery, people pay attention to rising environment standards – leading to the growth of LNG
with refinement in the technology of LNG ship motor development, the demand for LNG is set to increase

Market Segment:
The global LNG as a bunker fuel market is broadly classified by Product, Type, Commercial Distributor,End Use, and Top Players / Brands. Byproduct, the market is broadly classified into MGO (Marine Gas Oil) and RFO (Residual Fuel Oil). By type, the market is split into Truck to Ship (TTS), Port to Ship (PTS), and Ship to Ship (STS).
By commercial distributor, the market is split up into Oil Majors, Large Independent, and Small Independent

By end use, the market is divided into:
Roll-on/ro-ro ship
Tugboat
Coastal tanker/bulk carrier
Containership
Platform Supply Vessel
Smaller passenger ship
Big fishing vessel

To determine the market segment, the report covers the 29 key players (along with key players’ price, sales, revenue, and market share). The prominent ones are:
Chantier Davie
General Dynamics NASSCO
VT Halter Marine
Gulf Coast Shipyard Group
Aker Philadelphia Shipyard

The report studies the product scope, market overview, opportunities, market driving force and risks, customers, distributors, in-depth regional analysis with competitive landscape of top players

Regional Analysis:
In the report, by region, the global LNG market is divided into North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia, etc.), and the Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Conclusion:
Asia-Pacific will dominate the market through 2025 (46% market share in 2017), whereas North America is expected to register the fastest CAGR (10.2%) from 2018 to 2025.

Complete Report Details @ https://www.wiseguyreports.com/reports/3757830-global-lng-as-a-bunker-fuel-market-2019

Contact Info:
Name: Norah Trent
Email: Send Email
Organization: WISE GUY RESEARCH CONSULTANTS PVT LTD
Address: Office No.528,Amanora Chambers,Magarpatta Road,Hadapsar,Pune-411028.
Phone: +1-646-845-9349
Website: https://www.wiseguyreports.com

Source URL: https://marketersmedia.com/lng-as-a-bunker-fuel-market-global-industry-analysis-size-share-trends-growth-and-forecast-2019-2024/88921127

Source: MarketersMedia

Release ID: 88921127

Latest News

China says US has 'weaponized' visas to target exchanges

Nov 12, 2019

BEIJING — China on Wednesday accused the U.S. of having "weaponized" the issuance of visas following the reported inability of a top Chinese space program official to obtain permission to travel to a key conference in Washington. Foreign Ministry spokeswoman Hua Chunying told reporters that the head of the Chinese delegation to the International Astronautical Congress wasn't able to obtain a visa following an Oct. 12 interview, making it difficult for Chinese representatives to attend important events at the meeting. Reports said the vice chairman of the China National Space Administration, Wu Yanhua, had planned to attend the congress. Hua...

China criticizes Apple for app that tracks Hong Kong police

Nov 12, 2019

HONG KONG — Apple became the latest company targeted for Chinese pressure over protests in Hong Kong after the ruling Communist Party's main newspaper criticized the tech giant Wednesday for a smartphone app that allows activists to report police movements. HKmap.live, designed by an outside supplier and available on Apple Inc.'s online store, "facilitates illegal behavior," the People's Daily said in a commentary. "Is Apple guiding Hong Kong thugs?" the newspaper said. Beijing has pressed companies including Hong Kong's Cathay Pacific Airways to take the government's side against the protests, which are in their fourth month. Apple didn't immediately respond...

China lets currency sink to 11-year low after Trump threats

Nov 12, 2019

BEIJING — China allowed its yuan to sink to an 11-year low Monday after President Donald Trump sent jittery financial markets tumbling by announcing new tariff hikes and threatening to block American companies from doing business with this country. The escalation in the fight over trade and technology prompted warnings that chances for a settlement were disappearing. The yuan declined to 7.1468 to the dollar, a relatively modest change from Friday's low point of 7.0927 but its weakest rate since January 2008. The yuan has lost 6.5% from this year's high on Feb. 28. Chinese leaders have promised to avoid...

China threatens retaliation if US tariff hikes go ahead

Nov 12, 2019

BEIJING — China on Thursday threatened retaliation if Washington steps up their war over trade and technology by going ahead with planned Sept. 1 tariff hikes on additional Chinese imports. Beijing will take unspecified "necessary countermeasures," the Cabinet said in a one-sentence statement. It gave no details or any indication plans for trade talks in Washington in September might be affected. The mounting tension has unnerved financial markets that worry the global economy will tip into recession. President Donald Trump says he plans to impose 10% duties on an additional $300 billion of Chinese imports, extending penalties to almost everything...

Scienfinite is created to inspire our readers with the aim to understand the world and appreciate its everyday awe. Keep up with the technology and latest innovations here, only in Scienfinite.