Great market research presents an updated study on Global LNG as a bunker fuel market Revenue for 2021, Key Player Analysis, Development Status, Opportunity Assessment, and Forecast to 2027 (Based on Global COVID-19 2020 Spread). The report contains market forecasts related to future global estimates, share, business forecast, current scenario of manufacturers, competitive landscape and forecast (2021-2027) and other significant factors. With in-depth analysis and insight into the developments affecting the business, this report comprised in-depth business information on a global and regional level. The data examined was carried out taking into account the current best players and the next competitors.
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NOTE: COVID-19 is an incomparable global public health emergency that has affected nearly every industry, and the long-term effects are expected to impact the growth of the industry during the forecast period. Ongoing research is amplifying the research framework to ensure inclusion of the underlying issues of COVID-19 and potential pathways to follow.
About Global LNG as a bunker fuel Market:
The global LNG as bunker fuel market was valued at USD 3,303.68 million in 2020 and will grow with a CAGR of 36.94% from 2020 to 2027, based on the recently released report from HNY Research.
The primary objective of this report is to provide information on the position COVID-19[female[feminine impact that will help market players in this area to assess their business approaches. Further, this report covers market segmentation by major market vendors, types, applications / end users, and geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle East , Africa, Oceania, South America).
Liquefied natural gas (LNG) is natural gas (mainly methane, CH4) that has been converted into liquid form to facilitate storage or transport. First, the LNG industry as a bunker fuel is concentrated around the ECA territories in the world, both in the supply and consumption market, in particular in Northern Europe (Norway). These years, North America and East Asia have generally shown attention to the potential of LNG as a bunker fuel, especially in South Korea, Japan and China. Second, LNG-fueled ships generally navigate the sea all over the world, but for China, it is mainly distributed on the river. The Chinese government has been putting a lot of effort on LNG as a bunker fuel project since 2010 and is now achieving some good results, but due to the higher conversion costs and new construction costs, belonging to the brand new system of bunker fuel network, now LNG as a bunker fuel industry still stands for the development of the extended range. Third, business mergers and acquisitions and business-to-business cooperation have taken place for development and growth. Many companies have also invested in the LNG bunkers and LNG propulsion ships industry. All of them indicate and promote the healthy development trend of LNG as a bunker fuel industry. Fourth, this industry is affected by economics and politics, so it is important to monitor economic indices and rulers’ preferences. With the global economic recovery, more and more people pay attention to increasing environmental standards, especially in the probable territories of the ECA, the need for LNG as bunker fuel will increase. Fifth, we tend to believe that this industry is still in a period of rapid development, and the degree of increase in consumption will show a rapid growth curve. Regarding product prices, the slight fluctuation trend of recent years will continue in the future. With the development technology of LNG ship engines, the market for the demand for LNG as bunker fuel will be brighter.
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By market sellers:
- Davie site
- General Dynamics NASSCO
- VT Halter Navy
- Gulf Coast Shipyards Group
- Aker Philadelphia Shipyard
- Engineering of ocean-going tugs and barges
- Fassmer Werft
- Meyer Werft
- Meyer turku
- Arctech Helsinki
- Kleven Verft
- STX France
- Damen Shipyards Group
- Hoogezand Nieuwbouw
- Ferus Smit
- Hyundai Heavy Industries
- Jiangsu Dajin Heavy Industry
- Wuhu Hongri Shipping Company
- Jiangsu Zhengjiang Shipyard
- CSSC Guangzhou Huangpu Shipbuilding
- Chongqing Jiangjin Feida
- Jiangsu Qinfeng Chuanwu
- Tsuji Heavy Industries
- Jiangsu Jinyang Shipbuilding
- Taizhou Jiangbei Zaochuanchang
- Truck to Ship (TTS)
- Port to Ship (PTS)
- Ship to Ship (STS)
- Ro-ro / ro-ro ship
- Coastal tanker / bulk carrier
- Container ship
- Platform supply vessel
- Small liner
- Large fishing boat
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