Global LNG as a Bunker Fuel Market is anticipated to grow at a significant CAGR during 2017 to 2022
High demand for environment efficient and inexpensive fuel for marines is likely to expand the scope for new developments. Liquefied Natural Gas (LNG) is an environment-friendly and cost-effective fuel. Thus, it can be a potential fuel for marines in comparison to expensive traditional fuel oils. LNG contains lower carbon content as compared to conventional ship fuels. Use of LNG as a fuel is likely to reduce carbon dioxide emissions by 20% to 25 %. It is also less costly than Marine Gas Oil (MGO). Request a Free Sample Copy of this Report @ https://www.radiantinsights.com/research/global-lng-as-a-bunker-fuel-industry-2017/request-sample Considering these benefits, most container liner companies are working towards LNG fueled ships to reduce harmful ship emissions. Growing number of LNG powered ships is likely to increase the demand for bunker fuel. To cater to the demand, most involved companies are planning their business strategies wisely. For instance, a multinat...