Global LNG Bunkering Market Outlook to 2028

Global LNG Bunkering Market Outlook to 2028

Market Research Reports | Q1 2024 | Report ID: BR0201

About the Report

The growing need to comply with IMO regulations, fall in natural gas prices, rise in the fleet of LNG powered ships, expanding LNG bunkering infrastructure to support LNG as a marine fuel across Europe and South East Asia, and supportive government initiatives are some of the factors contributing to the growth of LNG Bunkering Market.

 

The International Maritime Organization's (IMO) new regulations came into effect from January 1, 2020, cutting the sulfur content in fuels to 0.5% by mass for the ocean-going vessels from the previous limit of 3.5% established in 2012. The IMO 2020 regulation seeks to control airborne emissions from ships and their contribution to local and global air pollution, human health issues, and environmental problems.

 

To comply with the IMO regulations, fleet owners are continuing to use high sulfur fuel oil (HSFO) by retrofitting vessels with scrubbers (lowest cost solution) or switching to the use of low-sulfur fuel oils (VLSFO) or using fuels, such as LNG among others.

 

Global Crisis due to COVID-19 does not seem to affect LNG bunkering infrastructure activities as various MoU and partnerships are seen in order to strengthen the LNG infrastructure at ports in the US, Sweden, Germany, Canada, China, Japan, among others.

 

Recently, as part of the LNGhive2 initiative, the European Commission has allocated funding to the tune of EUR 27 million (USD 31.7 million) for two LNG bunkering projects in Spain.

 

The number of deals for LNG bunkering infrastructure development for various ports, signing of MoUs to promote LNG as a marine fuel, and license distribution for LNG bunkering supplier even in these critical situations shows a promising growth of the LNG bunkering market in the upcoming years.

 

Blackridge Research's Global LNG Bunkering Market report provides deep insights into the current and future growth outlook of different regions. The study offers a detailed analysis of various factors instrumental in affecting the growth of the LNG bunkering market.

 

The report also addresses present and future market opportunities, market trends, developments, analysis of LNG fleet & infrastructure, important commercial developments, regions, and segments poised for the fastest-growth, competitive landscape, and impact of Covid-19 on the LNG Bunkering market. Further, the LNG Bunkering market size, and demand forecast, growth rates, will also be provided in the report.

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1. Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Analysis of Covid-19 Impact
  • 3.5 Market Opportunities
  • 3.6 Market Size and Forecast

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter’s Five Forces Analysis

5. Analysis of LNG Fleet & Infrastructure

  • 5.1 LNG Fleet
    • 5.1.1 Tanker Fleet
    • 5.1.2 Container Fleet
    • 5.1.3 Bulk & General Cargo Fleet
    • 5.1.4 Others
  • 5.2 LNG Infrastructure and Bunker Vessels

6. Regional Market Analysis

  • 6.1 North America
  • 6.2 Europe
  • 6.3 Asia-Pacific
  • 6.4 South America
  • 6.5 Middle East & Africa

7. Key Company Profiles

  • 7.1 Gasum Oy
  • 7.2 Avenir LNG
  • 7.3 FueLNG
  • 7.4 ENN Energy Holdings Limited
  • 7.5 Foss Maritime
  • 7.6 Gazpromneft Marine Bunker LLC
  • 7.7 Harvey Gulf International Marine LLC
  • 7.8 Royal Dutch Shell PLC
  • 7.9 Korea Line
  • 7.10 Titan LNG
  • 7.11 Korea Gas Corporation

8. Competitive Landscape

  • 8.1 List of Notable Players in the Market
  • 8.2 M&A, JV, and Agreements
  • 8.3 Strategies of Key Players

9. Conclusions and Recommendations

List of Tables & Figures

Abbreviations

Additional Notes

Disclaimer

  This report helps to:-

  • Gain a deeper understanding of the impact of COVID 19, and oil & gas prices crash on the LNG bunkering market
  • Equip yourself with rigorous analysis and forward-looking insight into the LNG bunkering market across various regions
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development
  • Assess market data and forecasts to understand how the demand evolve over the next 5 years
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players
  • Keep on top of M&A developments, JV’s and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Who need this report?

  • Bunker Suppliers and Traders
  • Oil & Gas Companies
  • Equipment Manufacturers and Suppliers
  • Shipping Companies, Charterers, and operators
  • Investors and Financing companies
  • EPC Companies
  • Government and Regulatory Organizations

  What's included

Report - Global LNG Bunkering Market Outlook to 2028.pdf
Market Data - Global LNG Bunkering Market Outlook to 2028.xls

  Why buy this report?

  • Gain a deeper understanding of the impact of Covid-19 on the <Global LNG Bunkering Market>.
  • Equip yourself with rigorous analysis and forward-looking insights into the <Global LNG Bunkering Market> across multiple regions.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

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