Global LNG Bunkering Market, by Product Type (Portable Tanks, Ship-to-Ship, Port-to-Ship, Truck-to-Ship), by Vessel Type (Ferries, Offshore Support Vessels, Container Fleet, Others), and by Geography - Trends, and Forecast till 2025

  • Report code : CMI141085 |
  • Industry :

    Energy

  • Published On : Nov 2017 |
  • Pages : 345 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global LNG Bunkering - Insights

Bunkering is the process of transferring fuel to a vessel or a facility in the form of conventional marine fuels or LNG. The density of LNG is around half that of heavy fuel oil. This translates to around 1.8 times LNG needing to be bunkered to obtain same range in comparison to bunkering heavy fuel oil.

Increasing number of vessels or ships are using LNG owing to the need for cleaner fuels coupled with stringent government regulations to reduce chemical emissions. This in turn is expected to drive growth of the LNG bunkering market. For instance, a regulation passed by the International Maritime Organization (IMO) in 2012, stated that ships must reduce their sulfur content in fuel from 4.5% to 3.5%. Various end users are increasingly inclined towards replacing conventional fuels such as natural gas with LNG, given its significant cost advantage over the former. LNG has high combustion efficiency, is easy to redeploy, and is of lower volume than natural gas, translating in easier and relatively cost effective transportation and storage of the same. This has led to rampant adoption of LNG across various industries, leading to commissioning of various new LNG plants worldwide, in turn creating a highly conducive market for LNG bunkering.

Ship-to-ship LNG bunkering is projected to be the fastest growing segment over the forecast period. This is attributed to its advantages such as quick transfer operations and high capacity of 700-7500 tons. Moreover, ship-to-ship operations are feasible for all types of vessels. In 2017, the Port of Gothenburg, Europe, conducted its first ship bunkering using liquefied natural gas.

Offshore support vessel segment dominated the global LNG bunkering market in 2016, owing to it being relatively cost effective in terms of offshore exploration and production activities. In 2013, Harvey Gulf Marine Company invested US$ 400 million to operate and build LNG offshore support vessels and two LNG fueling docks with 0.27 million gallons of LNG storage and capacity of transferring 500 gallons of fuel per minute.

Europe was the largest revenue contributor to the global market in 2016, accounting for 42.17% share. This is due to presence of largest bunkering hub, Norway in the region, as it offers over 18,000 LNG bunker stations. Moreover, rising concerns for minimizing the environmental impact and augmenting investments towards rebuilding and upgrading LNG infrastructure is anticipated to further boost growth of LNG bunkering market in Europe. In 2017, the European Union (EU) member states approved the European Commission’s proposal of investing US$ 24.18 million to support seven actions for developing efficient and sustainable transport and energy infrastructure including that for LNG bunkering.

Asia Pacific is projected to be the fastest growing market for LNG bunkering, exhibiting a CAGR of 61.8% over the forecast period. This is attributed to growing production activities in this region coupled with increasing energy demand. According to International Energy Agency, demand for energy from Southeast Asia between 2000 and 2013 had increased by over 50%. Petronas Company invested US$ 1.16 billion for FLNG project in Malaysia with a capacity of 1.2 MTPA in 2016. Maritime and Port Authority of Singapore also announced funding of US$ 1.45 million for six vessels under a pilot program in 2017, to test procedures for operations and safety protocols for LNG bunkering. This is expected to drive growth of the market. 

Figure1.  Global LNG Bunkering Market Share, By Region, 2016

lng bunkering market

Source: Coherent Market Insights (2017)

The major players in the global LNG bunkering market include Royal Dutch Shell Plc., Skangas, ENN Energy, Korea Gas Corporation, Prima LNG, Harvey Gulf International Marine LLC, Bomin Linde LNG GmbH & Co KG, Fjord Line, Crowley Maritime Corporation, and Polskie LNG.

Bunkering is a process of refueling the marine vessels, using pipelines that are connected to the terminal or a direct transfer of fuel from ships or trucks. Ease in transportation and storage of Liquefied Natural Gas (LNG) is expected to be a factor for increasing adoption of LNG bunkering. Its relatively low density and high heating value results in reduction of emission of harmful greenhouse gas.

Market Dynamics

LNG bunkering market is expected to exhibit significant growth over the forecast period (2017–2025). This is attributed to increasing number of vessels and ships using LNG, as it is a clean fuel. Governmental and non-governmental bodies are implementing stringent regulations on emission of harmful gases. For instance, The America Bureau of Shipping (ABS), incorporated a framework of risk assessment considering LNG leakage during bunkering, which includes, leaks from LNG pipes, pumps, tanks or hoses, inadvertent disconnection of hoses, overfilling vessel fuel tanks and external impact. This creates a conducive environment for growth of the LNG bunkering market. However, lack of infrastructure for fueling LNG across bunkering locations is one of the major factors hindering growth of global LNG bunkering market.

Europe was the largest market for LNG bunkering in 2016, owing to stringent government regulations on emission of harmful and increasing offshore oil and gas exploration and production activities. Asia Pacific is expected to project the fastest growth in the global LNG bunkering market during the forecast period, owing to the rising demand for energy and growing use of LNG as a marine fuel.

Key features of the study:

  • This report provides in-depth analysis of the LNG bunkering market, market size (US$ Mn), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025).
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
  • It profiles leading players in the global LNG bunkering market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics.
  • The global LNG bunkering market report caters to various stakeholders in this industry, including investors, product developers, distributors, LNG bunkering companies, research institutes, new entrants, and financial analysts.
  • Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the LNG bunkering market.

Detailed Segmentation:

  • Global LNG Bunkering Market, By Product Type:
    • Portable Tanks
    • Ship-to-Ship
    • Port-to-Ship
    • Truck-to-Ship
  • Global LNG Bunkering Market, By Vessel Type:
    • Ferries
    • Cruise-Ships
    • Bulk and General Cargo Fleet
    • Offshore Support Vessels
    • Tanker Fleet
    • Container Fleet
    • Others
  • Global LNG Bunkering Market, By Geography:
    • North America
      • U.S.
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Canada
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
    • Europe
      • U.K.
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Germany
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Italy
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • France
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Spain
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Russia
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Rest of Europe
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
    • Asia Pacific
      • China
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • India
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Japan
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • ASEAN
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Australia
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • South Korea
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Rest of Asia Pacific
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
    • Latin America
      • Brazil
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Mexico
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Argentina
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Rest of Latin America
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
    • Africa
      • North Africa
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Central Africa
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • South Africa
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
    • Middle East
      • GCC
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Israel
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
      • Rest of Middle East
        • By Product Type:
          • Portable Tanks
          • Ship-to-Ship
          • Port-to-Ship
          • Truck-to-Ship
        • By Vessel Type:
          • Ferries
          • Cruise-Ships
          • Bulk and General Cargo Fleet
          • Offshore Support Vessels
          • Tanker Fleet
          • Container Fleet
          • Others
  • Company Profiles
    • Royal Dutch Shell Plc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Skangas
    • ENN Energy
    • Korea Gas Corporation
    • Prima LNG
    • Harvey Gulf International Marine LLC
    • Bomin Linde LNG GmbH & Co KG
    • Fjord Line
    • Crowley Maritime Corporation
    • Polskie LNG

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Vessel Type
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global LNG Bunkering Market, By Product Type, 2016–2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth  Analysis, 2016–2025
      • Segment Trends
    • Portable Tanks
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016–2025, (US$ Million)
    • Ship-to-Ship
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016–2025, (US$ Million)
    • Port-to-Ship
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016–2025, (US$ Million)
    • Truck-to-Ship
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016–2025, (US$ Million)
  5. Global LNG Bunkering Market, By Vessel Type, 2016–2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth  Analysis, 2016–2025
      • Segment Trends
    • Ferries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016–2025, (US$ Million)
    • Cruise-Ships
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016–2025, (US$ Million)
    • Bulk and General Cargo Fleet
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016–2025, (US$ Million)
    • Offshore Support Vessels
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016–2025, (US$ Million)
    • Tanker Fleet
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016–2025, (US$ Million)
    • Container Fleet
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016–2025, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016–2025, (US$ Million)
  6. Global LNG Bunkering Market, By Region, 2016–2025 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
      • Y-o-Y Growth  Analysis, For Regions, 2016–2025
    • North America
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth  Analysis, By Country, 2016–2025
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth  Analysis, By Country, 2016–2025
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth  Analysis, By Country, 2016–2025
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth  Analysis, By Country, 2016–2025
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
    • Africa
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth  Analysis, By Country, 2016–2025
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
    • Middle East
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth  Analysis, By Country, 2016–2025
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vessel Type, 2016–2025 (US$ Million)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Royal Dutch Shell Plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Skangas
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • ENN Energy
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Korea Gas Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Prima LNG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Harvey Gulf International Marine LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Bomin Linde LNG GmbH & Co KG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Fjord Line
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Crowley Maritime Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Polskie LNG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 100 market data tables* and 40 figures* on "LNG Bunkering Market” - Global forecast to 2025.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.