The LNG carrier market is expected to grow at a CAGR of about 3% during the forecast period. An LNG (Liquid Natural Gas) carrier is a container designed for the transportation of liquefied natural gas in its tank. To facilitate transport, natural gas is cooled at atmospheric pressure to about -163° C (-261° C), at which time the gas condenses into liquid form. The tank of the LNG ship effectively acts as a giant thermos to ensure the liquid gas winding during storage. The carrier is equipped with an efficient steam turbine driven propulsion system propelled by a dual fuel diesel electric propulsion system. This will increase the efficiency of long vessels by about 30% compared to conventional vessels. LNG carriers are highly resistant to thermal and mechanical stress & stress. In addition, it is equipped with advanced gas and fire detection and suppression systems to detect even small leaks that can cause fatal fires in LNG vessels.
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Company Profile
- Royal Dutch Shell plc,(Shell)
- Nippon Yusen Kabushiki Kaisha (NYK)
- Mitsui O.S.K. Lines, Ltd. (MOL)
- Misc Berhad (Misc)
- Teekay Corporation
- Mitsubishi Heavy Industries
- Kawasaki Heavy Industries
- Hyundai Heavy Industries Co.
- GasLog Ltd
- Dynagas Ltd
Market Segmentation
By Containment Type
- Moss Type
- Membrane Type
By Storage Capacity
- Under 120,000 cubic meter
- 120,000-160,000 cubic meter
- Above 160,000 cubic meter
Scope of the Report
The research study analyzes the LNG Carrier Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by LNG Carrier Market Report
- What was the LNG Carrier Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of LNG Carrier Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the LNG Carrier Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the LNG Carrier market.
- The market share of the LNG Carrier market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the LNG Carrier market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the LNG Carrier market.
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