Due to increasing population and improved standard of living, demand for energy is growing globally. Trading of natural gas is expected to grow at speeding rates. Gas reserves are unevenly distributed across the globe.  On the other hand demand is expanding in every corner of the globe which makes transportation of natural gas a serious prerequisite.

With the cryogenic liquefactions LNG is created which reduces the volume of gas as compared to its original volume, making it viable to transport in a specialized LNG carrier. The most opportune way to carry natural gas is a pipeline which is subdivided into offshore and onshore pipelines where onshore is for medium to short distance and offshore for long distance. Other means of carrying LNG is through vessels. The oldest LNG carrying technology Moss-Rosenberg containment system (commonly known as Moss) is still in use for new vessel construction. The second type of large-scale LNG carrying technology is the membrane technology. 

The segmentation of LNG carrier market is on the basis of the demand and supply of LNG. The main exporters of LNG are Africa, Qatar, Malaysia and Australia. The main importers are Japan, China and South Korea. In North America, United States is expected to export shale gas owing to huge domestic production. In spite of Japan being concerned over environmental issues, pattern of increment in consumption of LNG in power sector can be seen in recent years. Australia, the United States, and Russia are key countries that will lead world LNG trade growth over the next few years. China and India are likely to come forward as key sources of prospects for natural gas consumption growth and hence affect demand for LNG carriers. 

Increasing natural gas demand globally as various gas reserves are still unexplored. Natural gas is considered to be fuel of the 21st century; improvement in design of carriers is the key driver in the LNG carrier market. Restraints of LNG carrier market are infrastructure issues and Supplies from North America and Russia. Due to geopolitical issues LNG supplies to Asia Pacific are endangered as Russia and North America are the key suppliers.  China is capable enough to diversify its natural gas supply from other countries and not become excessively dependent on countries that are politically sensitive. Natural gas prices vary radically between budding buyers and sellers of LNG. LNG Carrier Demand is subjected to Natural gas quantity and prices transported by pipelines. Value of LNG carrier market is expected to increase exponentially in coming years resulting in an immense opportunity. LNG carrier market is expected to experience the growth in coming years reaching record creation of vessel output and capital expenditure. With the expansion of both LNG export and import infrastructure and very strong supply-demand dynamics of natural gas market, more LNG carriers are required. 

Natural gas discoveries in North America are leading to LNG export terminal expansion on the continent. In addition to such terminals planned in Australia, will create more supply routes that need to be serviced by LNG vessels. Underpinning all this investment in LNG carriers is the significant arbitrage opportunity that exists between supply and demand markets. As the LNG spot market expands, a larger and more flexible LNG carrier fleet will be required. There is also a justifiable interest in smaller LNG carriers as the economics of transporting LNG to isolated areas for power creation or for use as a transportation fuel improves.

Leading Operators in LNG carrier market areShell Royal Dutch plc, NYK Lines, Mitsui O.S.K. Lines, Ltd., MiscBerhad, Teekay Corporation, Maran Gas Maritime Inc., Golar LNG Limited, BW Group, GasLog Ltd, and Kawasaki Kisen Kaisha, Ltd., among others.Leading shipbuilders in the LNG carriers includeDSME Co., Ltd., Hyundai Samho Heavy Industries Co., Ltd., STX Offshore & Shipbuilding Co. Ltd, Samsung Heavy Industries Co. Ltd., Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.,Kawasaki Heavy Industries, Ltd., and Mitsubishi Heavy Industries, Ltd., among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Liquefied Natural Gas Lng Carrier Market

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