DUBLIN, September 22, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the
"Global LNG Tanker Market 2016-2020" report to their offering.
The analysts forecast the global LNG tanker market to grow at a
CAGR of 6.21% during the period 2016-2020.
Global LNG Tanker Market 2016-2020, has been prepared based on
an in-depth market analysis with inputs from industry experts. The
report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key
vendors operating in this market.
The global LNG tanker market is highly reliant upon the state of
the global oil industry and the connected crude oil and natural gas
prices. The recent rout in the global crude prices is expected to
have a significant effect on the course followed by the LNG tanker
market over the forecast period.
One of the major trends that has been seen in the current LNG
tanker market is the revamping in the carrier propulsion systems.
Ever since the very first LNG vessel was inducted into service,
some half a century ago, these LNG carriers have undergone a
paradigm shift in their design. The historical fleet of LNG tankers
in the global trade had been fitted with a reliable, but moderately
efficient steam turbine-driven propulsion systems. The only fuel
option these systems had was related to the boil-off gases, which
was a by-product of the storage of natural gas under cryogenic
conditions.
According to the report, stringent marine pollution laws will be
a key driver for market growth. As with any form of energy
consumer, the marine transportation industry also affects the
environment adversely in many ways, and the LNG tanker industry
provides a potential exception. One of the major trends seen over
the past decade is the significant increase in the marine
pollution. The result of this has been increase in the focus of the
marine environment protection and attempt to revive the marine
ecosystem. However, being a relatively cleaner fuel than the
counterparts, the LNG tanker market is expected to reap tons of
benefits from the imposing of the stricter marine pollution
laws.
Further, the report states that diminishing inter-basin LNG
trade will be a challenge for the market. One of the core aspects
of the LNG trade market, since the time of its inception in the
1960s, has been the trading opportunities, which exist between the
two basins of the world. The global LNG marketplace has been
demarcated between two distinct regions, based on the oceans that
separate them. These are the Pacific and the Atlantics basin LNG
markets.
Key vendors
- Samsung Heavy Industries
- Mitsubishi Heavy Industries
- Hyundai Heavy Industries
- DSME
- Mitsui OSK Lines
- YK Lines
- Yamal LNG
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Market landscape
Part 05: Market segmentation by containment technology
Part 06: Geographical segmentation
Part 07: Market drivers
Part 08: Impact of drivers
Part 09: Market challenges
Part 10: Impact of drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit
http://www.researchandmarkets.com/research/thrfrd/global_lng_tanker
Related Topics: LNG (Liquefied Natural Gas)
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Research and Markets
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