“Liquefied Natural Gas (LNG) Carrier market worth $17.55 billion in 2019” says Visiongain report

20 June 2019
Energy

Visiongain’s new report the Liquefied Natural Gas (LNG) Carrier Market Report 2019-2029: Forecasts by Type (GTT NO 96, Mark II, Moss, SPB and Small Scale), by Market Type (Retrofit/Converted and New Build), by Propulsion Type (XDF, ME-GI, SSD, TFDE, DFDE, Steam, Others) Plus Contract Tables & Profiles of Leading Companies indicates that the global Liquefied Natural Gas (LNG) Carrier market will see $17.55bn in spending in 2019.

The lead analyst of the report said: "Liquefied Natural Gas (LNG) is one of the most commercially viable energy solutions adopted by developing economies to fulfil their energy requirements. Vessel design and technology advances have seen the typical new order LNG ship become larger and more efficient, making ships ordered even three or four years ago outdated. Ship orders now are typically sized at 170-180,000m³, compared to 155,000m³, due to design advances and to maximise carrying capacity. In 2018, thirty-three new LNG ships were ordered, compared to 19 in the whole of 2017 and just six in 2016. Owners have been tempted by higher spot/short-term charter rates, still-low newbuilding prices and rapidly growing LNG trade."

The 266 page report contains 184 tables, charts and graphs that add visual analysis in order to explain developing trends within the Liquefied Natural Gas (LNG) Carrier market. Visiongain provides capital expenditure (CAPEX) and Capacity (MCM forecasts for the period 2019-2029 for the 11 leading Liquefied Natural Gas (LNG) Carrier submarkets, namely Type, Market Type, Propulsion Type Region and Country.

The report offers market forecasts and analysis for 11 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering more than 10 companies leading the field in LNG carrier Manufacturers/Shipbuilders..

The Liquefied Natural Gas (LNG) Carrier report will be of value to anyone who wants to better understand the Liquefied Natural Gas (LNG) Carrier market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the Liquefied Natural Gas (LNG) Carrier industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business conferences, newsletters, management reports and e-zines focusing on the automotive, chemical, cyber, defence, energy, pharmaceutical, materials and telecoms sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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