The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Environmental regulations aimed at reducing pollution caused by ship transportation are expected to drive innovation in LNG bunkering manufacturing, driving the market during the forecast period.

The global LNG bunkering market is expected to grow from $0.70 billion in 2022 to $1.05 billion in 2023 at a compound annual growth rate (CAGR) of 50.8%. The LNG bunkering market size is expected to grow to $5.13 billion in 2027 at a CAGR of 48.7%.

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Global LNG Bunkering Market Segments Include:

• By Type: Ship To Ship, Terminal To Ship, Truck To Ship
• By End-User: Defense Vessels, Yachts, Cruise Ships, Ferries And OSVs (Offshore Service Vessels), Bulk And General Cargo Fleets, Other End-Users
• By Application: Container Fleet, Tanker Fleet, Cargo Fleet, Ferries, Inland Vessels, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global LNG bunkering market in 2021.

Major Market Players in the LNG bunkering market include Harvey Gulf International Marine LLC, Eagle LNG Partners LLC, SEA-LNG Limited, Korea Gas Corporation, Nauticor GmbH & Co KG (Bomin Linde LNG GmbH & Co KG).

In the LNG bunkering market, innovation is a key trend that is gaining traction. To maintain their position in the LNG bunkering market, major market players are focusing on launching innovative operations such as ship-to-containership liquefied natural gas (LNG) bunkering. For example, in January 2022, CMA CGM, a French shipping and logistics company, and TotalEnergies, a French integrated energy and petroleum company, launched Marseilles’ first ship-to-containership LNG bunkering operation. CMA CGM BALI, a 15, 000 TEU LNG-powered containership on the MEX 1 service connecting Asia and South Europe, was refuelled with approximately 6, 000m3 of LNG by TotalEnergies’ Gas Vitality, France’s first LNG bunker vessel, via a ship-to-ship transfer alongside the Eurofos container terminal, while the containership continued cargo operations.

The LNG Bunkering Global Market Report 2023  provides a LNG bunkering market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The LNG bunkering market forecast analyzes LNG bunkering market size, LNG bunkering market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The activity of supplying a ship with liquefied natural gas fuel for its own consumption is known as LNG bunkering. The primary advantage of using LNG as a fuel is the significant reduction in pollution caused by traditional methods of ship fueling, such as heavy fuel oil, marine gas oil (MGO), and marine diesel fuel (MDO).

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