Liquefied natural gas (LNG) bunkering is a particular type of operation where LNG fuel is transferred from a given distribution source to an LNG-fuelled ship LNG bunkering is the practise of giving a ship liquefied natural gas fuel for internal use. The key advantage of LNG as a fuel is the vast reduction in pollutants caused by the more traditional method of fuelling ships such as heavy fuel oil, marine diesel fuel (MDO), and marine gas oil (MGO). LNG bunkering is the process of transferring LNG to a ship for its own consumption. Fuel systems with increased energy efficiency are the drivers of market growth.
Highlights from LNG bunkering equipment Market Study
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The key Manufacturers profiled in the report are Eni (Italy), Equinor (Norway), Gazprom group (Russia), Royal Dutch shell plc (United Kingdom), Chevron (United states), Polskie LNG s.a. (Poland), Total S E (France), Klaw LNG (United Kingdom), Harvey gulf international marine (United States) and Crowley maritime corporation (United States).
Geographic Breakdown and Segment Analysis
The Global LNG bunkering equipment market presents a comprehensive analysis of the LNG bunkering equipment market by product type (Low Sulphur Fuel Oil, High Sulphur Fuel Oil and Low Sulphur MGO.), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global LNG bunkering equipment industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the holds majority of market share of the LNG bunkering equipment market
Analyst at AMA have segmented the market study of Global LNG bunkering equipment market by Type, Application and Region.
Influencing Trend:Increasing adoption of LNG as a shipping fuel with an enhanced focus on sustainable development.
Market Growth Drivers:Fuel systems with increased energy efficiency
Challenges:Increasing demand for cooling and Increasing demand for petroleum price
Opportunities:Rising end-user refuels via ship to-ship bunkering at sea
Market Developments Activities:In February 2023, Seaside LNG announced the acquisition of the liquefied natural gas fuelling barge Clean Jacksonville from TOTE Maritime Puerto Rico, LLC, a subsidiary of TOTE Group, LLC. Seaside LNG’s maritime transportation company, Polaris New Energy, has contracted to continue fueling TOTE’s Marlin Class LNG-powered container ships and other commercial customers with its fleet of LNG bunker barges.
In May 2021, The Shell expands LNG bunkering network with new vessel charter. It announced a significant milestone for its liquefied natural gas (LNG) marine fuels business with the charter of a new LNG bunkering supply vessel being constructed in Spain that will add further flexibility to customers on key trade routes., , and In March 2023, ZIM Integrated Shipping Services Ltd. and Shell North America LNG LLC (Shell), are pleased to announce the successful bunkering of the ZIM SAMMY OFER container vessel with liquefied natural gas (LNG). This vessel was bunkered at Kingston Freeport Terminal Limited (KFTL). The safe and efficient LNG bunkering of the ZIM SAMMY OFER is a great achievement for all parties involved
LNG bunkering equipment is a fragmented market due to the presence of many established competitors. The market is highly competitive with a few players occupying the major share. Fuel systems with increased energy efficiency are the driver of the market growth. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Target AudienceLNG bunkering equipment company, LNG Fuel, Research and Development (R&D) companies, Market research and consulting service providers, Government Agencies, End User Industry and Others