Heavy fuel oil

LNG Bunkering Market Size to Grow USD 5.14 Billion by 2027 at a CAGR of 45.2% | Valuates Reports

Retrieved on:

Wednesday, June 8, 2022

The global LNG bunkering market size was valued at USD 0.38 Billion in 2019 and is projected to reach USD 5.14 Billion by 2027, growing at a CAGR of 45.2% from 2020 to 2027.

Key Points:

The global LNG bunkering market size was valued at USD 0.38 Billion in 2019 and is projected to reach USD 5.14 Billion by 2027, growing at a CAGR of 45.2% from 2020 to 2027.
Stringent environmental regulation of pollution caused by ship transportation is expected to be the primary growth factor in the LNG bunkering market.
Thus, the new International Maritime Organization (IMO) regulations will increase the LNG bunkering fuel market.
Thus the diminishing Capex of LNG is expected to drive the growth of the LNG bunkering market.

LNG Bunkering Market Size to Grow USD 5.14 Billion by 2027 at a CAGR of 45.2% | Valuates Reports

Retrieved on:

Wednesday, June 8, 2022

The global LNG bunkering market size was valued at USD 0.38 Billion in 2019 and is projected to reach USD 5.14 Billion by 2027, growing at a CAGR of 45.2% from 2020 to 2027.

Key Points:

The global LNG bunkering market size was valued at USD 0.38 Billion in 2019 and is projected to reach USD 5.14 Billion by 2027, growing at a CAGR of 45.2% from 2020 to 2027.
Stringent environmental regulation of pollution caused by ship transportation is expected to be the primary growth factor in the LNG bunkering market.
Thus, the new International Maritime Organization (IMO) regulations will increase the LNG bunkering fuel market.
Thus the diminishing Capex of LNG is expected to drive the growth of the LNG bunkering market.

Global Autonomous Ships Market (2020 to 2030) - by Level of Autonomy, Ship Type, Component and Fuel Type - ResearchAndMarkets.com

Retrieved on:

Monday, April 19, 2021

Transport, Maritime, Chemistry, Physical sciences, Fuels, Liquid fuels, Petroleum products, Sustainable technologies, Heavy fuel oil, Oils, Fuel oil, Ship, Liquefied natural gas, Carbon-neutral fuel

b'The "Autonomous Ships Market by Level of Autonomy, Ship Type, Component and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com\'s offering.\nAutonomous ships are the self-driving vessels that operate on the surface of water without any crew present on the ship.

Key Points:

b'The "Autonomous Ships Market by Level of Autonomy, Ship Type, Component and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com\'s offering.\nAutonomous ships are the self-driving vessels that operate on the surface of water without any crew present on the ship.
One of the major factors that drive the autonomous ships market share is increase in seaborne trades across the globe.\nThe autonomous ships market is segmented based on the level of autonomy, component, ship type, fuel type, channel type, and region.
Depending on the ship type, the market is categorized into commercial ships, defense ships, and passenger ships.
By fuel type, the market is classified into carbon neutral fuels, liquefied natural gas, electric batteries, and heavy fuel oils.

North America Bunker Fuel Market Growth, Trends, and Forecasts Report 2020-2025 Featuring Repsol, BP, Royal Dutch Shell, Total, Exxon Mobil, Clipper Oil & Chevron - ResearchAndMarkets.com

Retrieved on:

Thursday, November 19, 2020

Other Energy, Energy, Chemistry, Physical sciences, Petroleum products, Liquid fuels, Chemical substances, Fuel oil, Sulfur, Ultra-low-sulfur diesel, Heavy fuel oil

The "North America Bunker Fuel Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "North America Bunker Fuel Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
With the intervention of IMO, the share of very low sulfur fuel oil (VLSFO) is expected to increase, replacing high sulfur fuel oil in the forecast period.
Due to the increasing environmental concerns, the demand for cleaner bunker fuel is expected to increase in the coming years.
Most of the high-sulfur fuel oil (HSFO) bunker fuel market is expected to be shortly replaced by low-sulfur alternatives.

Federal announcement to support HFO ban in the Arctic a positive step forward, WWF-Canada

Retrieved on:

Wednesday, February 19, 2020

Heavy fuel oil, Oils, Chemical substances, HFO, Arctic, Extreme points of Earth, Polar regions, International relations

OTTAWA, Feb. 19, 2020 (GLOBE NEWSWIRE) -- The Government of Canada announced yesterday that it supports a ban on heavy fuel oil (HFO) in the Arctic.

Key Points:

OTTAWA, Feb. 19, 2020 (GLOBE NEWSWIRE) -- The Government of Canada announced yesterday that it supports a ban on heavy fuel oil (HFO) in the Arctic.
Canada's support of this international ban shows the countrys leadership in supporting cleaner and more sustainable shipping, in the Arctic and around the world.
Seven of eight Arctic states support the ban, with Russia as the only holdout.
But Dumbrille says that there is more to be done to ensure an HFO ban does not make shipping to remote Arctic communities more costly.

The Government of Canada supports a global ban on heavy fuel oil in the Arctic

Retrieved on:

Tuesday, February 18, 2020

Americas, Indigenous peoples of North America, Tanker, Inuit, Transport Canada, Marc Garneau, Heavy fuel oil

Today, the Minister of Transport, the Honourable Marc Garneau, and the Minister of Foreign Affairs, the Honourable Franois-Philippe Champagne, announced the Government of Canada's support for a ban on heavy fuel oil in Arctic waters.

Key Points:

Today, the Minister of Transport, the Honourable Marc Garneau, and the Minister of Foreign Affairs, the Honourable Franois-Philippe Champagne, announced the Government of Canada's support for a ban on heavy fuel oil in Arctic waters.
Transport Canada has conducted a domestic impact assessment of the proposed heavy fuel oil ban in the Arctic, based on the methodology agreed upon at an IMO committee meeting in February 2019.
Transport Canada held, and continues to hold, consultations with Indigenous and Inuit communities, industry, environmental non-governmental organizations, provincial/territorial governments and other federal government departments about the use of heavy fuel oil in the Arctic.
Heavy fuel oil is generally used by bulk carriers serving mines, general cargo vessels, and tankers servicing communities.

Ships dumped 35 million tonnes of contaminated water off BC coast in 2017: Study

Retrieved on:

Wednesday, December 11, 2019

Pollution, Contents, Articles, Air pollution, Scrubber, Heavy fuel oil, Exhaust gas, Marine pollution, Scrub

VANCOUVER/OTTAWA, Dec. 11, 2019 (GLOBE NEWSWIRE) -- Turning air pollution into marine pollution, 30 scrubber-equipped ships dumped nearly 35 million tonnes of washwater effluent off the BC coast in 2017, according to a new study commissioned by WWF-Canada.

Key Points:

VANCOUVER/OTTAWA, Dec. 11, 2019 (GLOBE NEWSWIRE) -- Turning air pollution into marine pollution, 30 scrubber-equipped ships dumped nearly 35 million tonnes of washwater effluent off the BC coast in 2017, according to a new study commissioned by WWF-Canada.
Scrubbers are used to remove harmful sulphur oxides from exhaust gases of heavy fuel oil (HFO) used in marine engines.
Washwater (or the mix of water and contaminants from HFO) is whats disposed of in the ocean.
But open-loop scrubbers, which immediately dispose of washwater, were used by 50 per cent of ships in the study.

The global bunker fuel market was valued at $137,215.5 million in 2017, and is projected to reach $273,050.4 million by 2025, growing at a CAGR of 9.4% from 2018 to 2025

Retrieved on:

Tuesday, June 18, 2019

Oils, Petroleum products, Liquid fuels, Chemical substances, Fuel oil, Matter, Chemistry, Heavy fuel oil

In the marine industry, bunker fuel is classified in two major categories residual fuel oils and distillates.

Key Points:

In the marine industry, bunker fuel is classified in two major categories residual fuel oils and distillates.
Rise in offshore exploration & production (E&P) activity and increase in seaborne trade are the factors that drive the growth of the global bunker fuel market.
In addition, IMO's regulations of sulfur cap for marine fuels are also expected to drive the growth of the bunker fuel market.
High investment cost involved in development of bunker fuel infrastructure and regulatory framework is anticipated to hamper the growth of the bunker fuel market.