LNG Bunkering Market to Reach $12bn by 2024
The global LNG bunkering market was valued at approximately USD 397.70 million in 2017 and is expected to generate revenue of around USD 11899.60 million by the end of 2024, growing at a CAGR of around 59.4% between 2018 and 2024.LNG bunkering is experiencing the highest growth rate in developed as well as developing countries, said a report by…
LNG Bunkering to Grow at CAGR of 62.50% CAGR to Reach $247bn in 2023
The global liquefied Natural Gas (LNG) bunkering market is expected to witness a CAGR of 62.5% over the forecast period 2017-2023, and is projected to reach USD 24,684.7 million by 2023.The key factors driving the growth of LNG bunkering market are increase in LNG demand in order to reduce the carbon footprint in the shipping industry stringent international emission policy…
Nordics First Bunkering Station for LNG
Skangas announced that the first ever bunkering station for liquefied natural gas (LNG) in the Nordics is open and operating successfully. The new bunkering station fuels Fjord Line’s cruise ferries, which are the first - and largest - in the world to use "single fueled LNG engines," meaning that they are powered exclusively by LNG. Loading arm is a well-known method of transferring cargo for large oil and LNG terminals.
LNG is a Crystal Clear Alternative
Norway-based shipping company Fjord Line’s Stavangerfjord represents a new-generation of advanced and environmentally friendly Cruise Passenger Ferry with outstanding passenger facilities in order to operate both as a day and night ferry. The vessel is built to provide passengers with pleasant experiences, even under the harsh weather conditions of the North Sea.
