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imarcmarketreport · 8 months ago

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LPG Tanker Market Size, Outlook, Growth and Forecast 2024-2032

IMARC Group's report titled "LPG Tanker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", The global LPG tanker marketis expected to exhibit a growth rate (CAGR) of 5% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/lpg-tanker-market/requestsample

Factors Affecting the Growth of the LPG Tanker Industry:

Technological Innovations:

Innovations in tanker design focus on optimizing vessel efficiency, increasing cargo capacity, and reducing environmental impact through features like hull design and ballast systems. Moreover, propulsion systems advancements include the adoption of cleaner and more fuel-efficient technologies, such as liquefied natural gas (LNG) propulsion and hybrid power systems, reducing emissions and operating costs. Furthermore, safety measures innovation involves the integration of advanced navigation systems, onboard monitoring technologies, and emergency response protocols to enhance crew safety, prevent accidents, and mitigate environmental risks. These innovations benefit in improving sustainability, operational performance, and safety standards.

Rising Demand for Energy:

The growing adoption of LPG on account of the increasing demand for energy is offering a positive market outlook. LPG serves as a versatile and relatively clean-burning fuel for various purposes, including residential cooking, heating, and industrial processes. Apart from this, countries are seeking to diversify their energy mix and reduce reliance on more polluting fuels like coal and oil, which is catalyzing the demand for LPG. Moreover, LPG is compatible with renewable energy sources like solar and wind, making it an attractive option for balancing intermittent energy supply.

Increasing Preferences for Clean Energy:

The increasing awareness among individuals about environmental concerns is supporting the market growth. Moreover, industries are seeking cleaner energy sources to combat climate change. LPG is considered cleaner as compared to traditional fossil fuels due to lower emissions of pollutants, such as sulfur dioxide and particulate matter. Besides this, governing agencies of various countries are implementing policies and regulations to incentivize the use of cleaner fuels. They are focusing on reducing environmental pollution to align with sustainability goals, which is bolstering the market.

Leading Companies Operating in the Global LPG Tanker Industry:

BW Group

Dorian LPG Ltd.

EXMAR

Hyundai Heavy Industries Co. Ltd.

Kawasaki Heavy Industries Ltd.

Kuwait Oil Tanker Company S.A.K

Mitsubishi Heavy Industries Ltd

StealthGas Inc.

STX Corporation (Afc Mercury Co. Ltd)

The Great Eastern Shipping Co. Ltd.

LPG Tanker Market Report Segmentation:

By Vessel Size:

Very Large Gas Carrier

Large Gas Carrier

Medium Gas Carriers

Small Gas Carrier

Very large gas carrier represents the largest segment as it is designed to maximize efficiency in LPG transportation.

By Refrigeration and Pressurization:

Fully Pressurized

Semi-pressurized

Fully Refrigerated

Extra Refrigerated (Ethylene Gas Carriers)

Fully pressurized holds the biggest market share due to their enhanced versatility and flexible operations.

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

Europe enjoys a leading position in the LPG tanker market, which can be attributed to stringent environmental regulations aimed at reducing emissions.

Global LPG Tanker Market Trends:

The expansion of infrastructure for LPG storage, processing, and distribution is propelling the market growth. Various countries are upgrading their energy infrastructure to accommodate LPG imports and distribution, which is impelling the market growth. Moreover, infrastructure development initiatives, such as port expansions and terminal upgrades, facilitate the loading and unloading of LPG tankers, reducing turnaround times and enhancing operational efficiency. Furthermore, investors in the LPG tanker market are tracking infrastructure development projects to assess future demand trends and identify investment opportunities in regions undergoing energy infrastructure expansion.

Apart from this, the rising demand for LPG for heating purposes among individuals is supporting the market growth.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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#LPG Tanker Market

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harshnews · 1 month ago

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Virtual Pipeline Systems Market Size, Share, Trends, Growth Opportunities and Competitive Outlook

"Global Virtual Pipeline Systems Market – Industry Trends and Forecast to 2028

Global Virtual Pipeline Systems Market, By Type (Ordinary Type, Special Type), Product (Liquefied Petroleum Gas (LPG), Liquid Natural Gas (LNG), Compressed Natural Gas (CNG), Propane, Diesel and Oils), Container Size (Type I, Type II, Type III, Type IV), Mode of Transportation (Intermodal ISO Tank Containers, Tanker Rail Cars, Pipeline Transport, Reticulated Gas System or Piped Gas System, Road Tankers, Local Bobtail Tankers), Application (Industrial, Transportation, Commercial and Residential), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Access Full 350 Pages PDF Report @

**Segments**

- **By Component:** The virtual pipeline systems market can be segmented based on components into compressors, trailers, cylinders, valves, fittings, and others. Compressors play a crucial role in the transportation of natural gas, enabling it to be moved efficiently through pipelines. Trailers are used for the physical transportation of compressed natural gas (CNG) or liquefied natural gas (LNG) to areas without access to pipelines. Cylinders are another essential component, providing storage for the transported gas. Valves and fittings ensure smooth operations and safe handling of the gas in the virtual pipeline system.

- **By Application:** In terms of applications, the virtual pipeline systems market can be categorized into industrial, transportation, commercial, and residential sectors. The industrial sector utilizes virtual pipelines for various operations such as heat generation, power generation, and manufacturing processes. The transportation sector relies on virtual pipelines to fuel vehicles, especially in regions where traditional pipelines are not feasible. The commercial and residential sectors use virtual pipeline systems for heating, cooking, and other energy needs.

- **By Mode of Supply:** Virtual pipeline systems can also be segmented by the mode of supply, which includes truck-based transportation, rail-based transportation, and ship-based transportation. Truck-based transportation is the most common mode, offering flexibility and scalability in delivering natural gas to remote locations. Rail-based transportation provides a cost-effective solution for long-distance gas transportation. Ship-based transportation involves the use of tankers for transporting LNG to areas inaccessible by land.

**Market Players**

- **GE Oil & Gas:** GE Oil & Gas is a key player in the virtual pipeline systems market, offering a range of solutions for the compression, transportation, and storage of natural gas. The company's expertise in industrial equipment and services makes it a reliable partner for virtual pipeline projects.

- **Hexagon Composites ASA:** Hexagon Composites ASA specializes in high-pressure composite cylinders for gas storage, making them a significant player in the virtual pipeline systems market. TheirGE Oil & Gas and Hexagon Composites ASA are two key players in the virtual pipeline systems market, each bringing unique strengths and capabilities to the industry. GE Oil & Gas stands out for its comprehensive solutions for compression, transportation, and storage of natural gas. With its expertise in industrial equipment and services, the company offers a broad range of offerings that cater to the diverse needs of virtual pipeline projects. GE's reputation for reliability and innovation positions it as a trusted partner for implementing virtual pipeline systems across various sectors.

On the other hand, Hexagon Composites ASA specializes in high-pressure composite cylinders for gas storage, a critical component in virtual pipeline systems. The use of advanced composite materials in their cylinders enables Hexagon to provide lightweight and durable storage solutions for transporting natural gas efficiently and safely. The company's focus on innovation and sustainability in gas storage technologies has solidified its position as a significant player in the virtual pipeline systems market. Hexagon's expertise in high-pressure cylinders aligns with the increasing demand for reliable and high-performance storage solutions in virtual pipeline applications.

As the virtual pipeline systems market continues to grow, players like GE Oil & Gas and Hexagon Composites ASA are poised to capitalize on the increasing demand for efficient and flexible gas transportation solutions. The market trends indicate a rising adoption of virtual pipelines across various sectors, driven by the need for reliable energy supply in remote locations and areas without access to traditional pipelines. The versatility of virtual pipeline systems in industrial, transportation, commercial, and residential applications further expands the market potential for key players like GE and Hexagon.

In terms of competition within the virtual pipeline systems market, companies like GE Oil & Gas and Hexagon Composites ASA differentiate themselves through technological advancements, product innovation, and strategic partnerships. Establishing strong relationships with customers and industry stakeholders is essential for driving growth and expanding market presence. Furthermore, addressing evolving regulatory requirements and sustainability concerns will be crucial for staying competitive in the dynamic virtual pipeline systems market.

Overall, the market outlook for virtual pipeline systems remains**Global Virtual Pipeline Systems Market Analysis:**

- **Segments:** - **By Component:** Virtual pipeline systems market components include compressors, trailers, cylinders, valves, fittings, and others. Compressors are essential for efficient gas transportation, while trailers are used for physical gas transportation to areas without traditional pipelines. Cylinders provide storage for the transported gas, with valves and fittings ensuring smooth operations and safe handling within the system.

- **By Application:** Market applications cover industrial, transportation, commercial, and residential sectors. Industrial operations utilize virtual pipelines for heat and power generation, transportation for vehicle fueling, and commercial/residential sectors for heating and cooking purposes.

- **By Mode of Supply:** Segmentation by the mode of supply includes truck-based, rail-based, and ship-based transportation. Truck-based transportation offers flexibility and scalability, rail-based is cost-effective for long-distance transportation, and ship-based involves tankers for LNG transportation to remote areas.

**Market Players:** - **GE Oil & Gas:** GE Oil & Gas offers compression, transportation, and storage solutions for natural gas with a focus on industrial expertise, making them a reliable partner for virtual pipeline projects.

- **Hexagon Composites ASA:** Specializing in high-pressure composite cylinders for gas storage, Hexagon Composites ASA provides lightweight and durable storage solutions for efficient and safe gas transportation, aligning with the increasing demand for reliable storage solutions in virtual pipeline applications.

Key players like GE Oil & Gas

Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Virtual Pipeline Systems Market

Chapter 3: Regional analysis of the Global Virtual Pipeline Systems Market industry

Chapter 4: Virtual Pipeline Systems Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

Key takeaways from the Virtual Pipeline Systems Market report:

Detailed considerate of Virtual Pipeline Systems Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.

Comprehensive valuation of all prospects and threat in the

In depth study of industry strategies for growth of the Virtual Pipeline Systems Market-leading players.

Virtual Pipeline Systems Market latest innovations and major procedures.

Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.

Conclusive study about the growth conspiracy of Virtual Pipeline Systems Market for forthcoming years.

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#Virtual Pipeline Systems Market

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ghsheet · 3 months ago

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Favouring foreigners over locals risks killing 10k jobs, destroying $400m investment – LPG marketers warn NPA

Liquefied Petroleum Gas marketers are warning of an impending loss of 10,000 jobs in the industry if the National Petroleum Authority (NPA) does not review its handling of the model. In a statement, the LPG Marketers Association (LPGMC), Ghana LPG Operators Association (GLIPGOA), and Gas Tanker Drivers Association (GTDA) bemoaned the NPA’s unfavourable treatment of the local players by excluding them from the final implementation phase of the CRM. According to these groups, foreign and semi-foreign companies are being given preferential treatment to the detriment of the local players – a situation they warn could spell doom for the local market.

#business #news #breaking news #world news

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blog-kmsantosh-me-blog · 3 months ago

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Navigating the Waters: The Growth and Challenges of Shipping Companies in India

Introduction

India, with its extensive coastline and strategic location along major international maritime routes, has a thriving shipping industry that plays a crucial role in global trade. Shipping companies in India are integral to the nation’s economy, handling the vast majority of import and export activities. This article delves into the growth of shipping companies in India, the challenges they face, and the future prospects of the industry.

The Evolution of the Shipping Industry in India

India’s shipping industry has a long history, evolving from a regional trading network to a critical global player. Several factors have contributed to the industry's growth:

Strategic Geographic Location: India's position between the major sea routes of the East and the West has made it a vital hub for maritime trade. The country’s ports handle a significant portion of global cargo, connecting Asia, Europe, and Africa.

Expansion of Port Infrastructure: The Indian government has invested heavily in expanding and modernizing port infrastructure through initiatives like the Sagarmala Project, which aims to enhance port connectivity and capacity. This has allowed shipping companies to operate more efficiently and handle larger volumes of cargo.

Economic Liberalization: Since the economic liberalization of the 1990s, India has seen a surge in international trade. This has led to increased demand for shipping services, driving the growth of domestic shipping companies.

Rise in Containerization: The shift towards containerized cargo has revolutionized the shipping industry in India. Containers allow for easier handling, better security, and quicker turnaround times, making Indian ports more competitive on the global stage.

Key Shipping Companies in India

India is home to several prominent shipping companies, each contributing to the industry’s growth in different ways:

Shipping Corporation of India (SCI): As the largest and most prominent shipping company in India, SCI is a government-owned enterprise that operates a diversified fleet, including bulk carriers, container ships, and tankers. It plays a vital role in transporting crude oil, petroleum products, and other essential goods.

Great Eastern Shipping Company: One of the oldest private sector shipping companies in India, Great Eastern Shipping has a strong presence in both the shipping and offshore sectors. It operates a fleet of tankers, dry bulk carriers, and offshore vessels.

Essar Shipping: Part of the Essar Group, Essar Shipping specializes in transporting dry bulk, liquid cargo, and crude oil. The company has a global presence, with operations extending to key international markets.

Varun Shipping: Varun Shipping is known for its fleet of liquefied petroleum gas (LPG) carriers. The company has played a significant role in meeting India's energy needs by transporting LPG and other energy products.

Shreyas Shipping and Logistics: A leader in coastal shipping, Shreyas Shipping focuses on domestic routes, connecting major ports along India’s coastline. The company has capitalized on the growing demand for coastal shipping services, which offer a cost-effective alternative to road and rail transport.

Challenges Facing the Indian Shipping Industry

Despite its growth, the Indian shipping industry faces several challenges that need to be addressed to ensure sustainable development:

Inadequate Infrastructure: While port infrastructure has improved, there are still bottlenecks, such as congestion at ports, inadequate hinterland connectivity, and outdated equipment. These issues lead to delays and increased operational costs.

High Operational Costs: The cost of shipping in India remains high due to factors like fuel prices, port charges, and regulatory compliance. These costs can make Indian shipping companies less competitive compared to their global counterparts.

Environmental Regulations: With the global push towards sustainability, shipping companies are under increasing pressure to reduce their carbon footprint. Compliance with international environmental regulations, such as the IMO 2020 Sulphur Cap, requires significant investment in cleaner technologies, which can be financially challenging for many companies.

Crew Shortages and Skill Gaps: The shipping industry requires skilled professionals to operate complex vessels and manage logistics. However, there is a shortage of qualified seafarers and maritime professionals in India, which affects the efficiency and safety of operations.

Global Competition: Indian shipping companies face stiff competition from international players who often have more advanced fleets and better access to global markets. This competition can make it difficult for Indian companies to expand their global footprint.

Future Prospects

The future of the Indian shipping industry holds several opportunities for growth:

Blue Economy and Maritime India Vision 2030: The Indian government's focus on the Blue Economy, which aims to sustainably harness ocean resources, and the Maritime India Vision 2030, which outlines a roadmap for port-led development, are expected to drive significant growth in the shipping sector.

Coastal Shipping and Inland Waterways: There is a growing emphasis on developing coastal shipping and inland waterways as cost-effective and environmentally friendly alternatives to road and rail transport. This shift could reduce logistics costs and increase the demand for domestic shipping services.

Technological Advancements: The adoption of advanced technologies, such as automation, artificial intelligence, and blockchain, is expected to enhance the efficiency and transparency of shipping operations. Companies that embrace these technologies will be better positioned to compete globally.

Green Shipping Initiatives: As environmental concerns become more prominent, there will be greater demand for sustainable shipping practices. Indian companies that invest in eco-friendly technologies, such as LNG-powered ships and energy-efficient designs, will gain a competitive edge.

Expansion into New Markets: Indian shipping companies have the opportunity to expand into new markets, particularly in Asia and Africa, where demand for maritime trade is growing. Strategic partnerships and investments in these regions could open up new revenue streams.

Conclusion

The Indian shipping industry is poised for growth, driven by favorable government policies, expanding infrastructure, and increasing trade volumes. However, to fully realize its potential, the industry must address the challenges of high operational costs, infrastructure bottlenecks, and global competition. By embracing technological advancements, focusing on sustainability, and exploring new markets, Indian shipping companies can navigate the complex waters of the global maritime industry and chart a course for long-term success.

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tumlalu23 · 1 year ago

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gorepoonam · 2 years ago

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Cng And Lpg Vehicle Market Trends, Future Outlook, Analysis and Forecast 2023-2030

Cng And Lpg Vehicle Market size| 2023 Automotive Industry Global Analysis By Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2030 is latest study published by Fortune Business Insights.

Major Cng And Lpg Vehicle Market Size Manufacturers covered in the market report include:

Major players operating in the global CNG and LPG vehicle market include Ford Motor Company, Fiat S.P.A., Suzuki Motor Corporation, Westport, General Motors, Landi Renzo Honda Motor Co., Ltd., Volkswagen, Impco, Volvo, Mitsubishi Motors Corporation and Daimler AG among others.

Cng And Lpg Vehicle Market Size Highlights of the Report:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.

Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market

Get a Free Sample Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/104107

Cng And Lpg Vehicle Market Size Industry Competitive Analysis:

The Cng And Lpg Vehicle Market Size report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter's five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

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Cng And Lpg Vehicle Latest Industry Size, Growth, Share, Demand, Trends

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Autonomous Mining Trucks Market Latest Industry Size, Growth, Share, Demand, Trends

Chemical Tankers Market Latest Industry Size, Growth, Share, Demand, Trends

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hrushikesh123 · 2 years ago

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LPG Tanker Market Share 2020 | Segmented by Top Manufacturers, Geography Regions, Trends and Forecasts to 2030

LPG Tanker Market: Introduction

The Global LPG Tanker Market has seen continuous development in the past couple of years and is anticipated to grow much further during 2020-2030. The exploration introduces a total evaluation of the LPG Tanker market and contains Future patterns, Current Growth Factors, mindful sentiments, certainties, chronicled information, and factually bolstered and industry-approved market information.

The global liquefied petroleum gas tanker market size was estimated at USD 182 million in 2021 and is expected to reach USD 286 million by 2030 at a CAGR of 5% during the forecast period (2022 – 2030).

Competitive Analysis

The report contains an in-depth analysis of the vendor's profile, including financial health, business units, key business priorities, SWOT, strategies, and views.

StealthGas Inc., Dorian LPG Ltd., Teekay Corporation, PT Pertamina (Persero), STX Corporation, Namura Shipbuilding Co., Ltd, DAE SUN SHIPBUILDING & ENGINEERING Co., Ltd., Kuwait Oil Tanker Co. S.A.K, BW LPG, Hyundai Heavy Industries, Great Indian Shipping Co. Ltd,

The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant R&D investments.

Request Sample Report of Global LPG Tanker Market @ https://straitsresearch.com/report/lpg-tanker-market/request-sample

Vendors across different verticals are planning for high investments in this market, and as a result, the market is expected to grow at an impressive rate in the upcoming years. The key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, collaboration & partnerships, joint ventures, and a few other strategies to be in a strong position in the global market.

Market Segmentation Analysis

The report provides a wide-ranging evaluation of the market, providing in-depth qualitative insights, historical data, and supportable projections along with the assumptions about the LPG Tanker market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor's portfolio, blogs, white papers, and vendor presentations. Thus, the research report represents every side of the LPG Tanker market and is segmented on the basis of regional markets, offerings, applications, and end-users.

By Vessel Very Large Gas Carrier Large Gas Carrier Medium Gas Carrier Small Gas Carrier By Refrigeration & Pressurization Ethylene Full Pressurized Semi Refrigerated Full Refrigerated

Regional Analysis

North America held the largest LPG Tanker market share in 2018 and is expected to dominate the market during the forecast period. The market will experience a steep rise in the following regions covered- North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Benefits

LPG Tanker Industry companies to ensure business continuity with powerful protection by constantly checking the report and representing attractive growth opportunities for the companies. LPG Tanker handles all the needs of the operators by allowing them to improve their services and concentrate on their core business. LPG Tanker Market Research aims to increase business agility and reduce operational and capital expenditure with improved technology rollouts and capacity planning. The report discusses service types and regions related to this LPG Tanker market. Further, the report provides details about the major challenges affecting the market growth.

Buy Now: https://straitsresearch.com/buy-now/lpg-tanker-market/global/

Other features of the report:

Provides a thorough analysis of the key strategies with a focus on the corporate structure, R&D methods, localization strategies, production capabilities, sales, and performance in various companies.

Provides valuable insights into the product portfolio, including product planning, development, and positioning.

Analyses the role of key LPG Tanker market players and their partnerships along with mergers and acquisitions.

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

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Contact Us: Email: [email protected] Address: 825 3rd Avenue, New York, NY, USA, 10022 Tel: +1 6464807505, +44 203 318 2846 Website: https://straitsresearch.com/

#LPG Tanker Market #LPG Tanker Industry #LPG Tanker Market Share #LPG Tanker Market Size #LPG Tanker Market Trends #LPG Tanker Market Regional Analysis #LPG Tanker Market Growth Rate

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market-insider · 2 years ago

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Europe Dominated The Global Liquified Petroleum Gas (LPG) Tanker Market

The global LPG tanker market size is expected to reach USD 286.48 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2022 to 2030. Strong growth in shale gas production is likely to propel the market growth over the coming years. The volatility of crude oil prices coupled with developments in hydraulic fracturing and horizontal drilling methods resulted in major companies shifting their attention towards the production of oil and gas from shale rock. Change in focus towards the production of shale gas is further projected to enhance market growth over the estimated period. The Very Large Gas Carriers (VLGC) segment led the market in 2021. However, the Large Gas Carrier (LGC) is anticipated to take over the forecast period by a small margin. Very large gas carriers are widely used for the transportation of liquefied petroleum gas (LPG) for longer distances across various countries. Growing liquefied petroleum gas trade relationships between various regions, such as the Middle East and Asian countries, Western Africa and Europe, and the United States, is the major factor projected to boost the VLGC segment growth. The full-pressurized segment led the market in 2021 and will maintain its lead throughout the forecast period. The market is anticipated to have a steady growth in all segments as the amount of LPG transported increases.

Gain deeper insights on the market and receive your free copy with TOC now @:

LPG Tanker Market Report The supply chain of the LPG and ancillary industries was affected due to the shutdown of production facilities, especially in Asia Pacific, as it was the epicenter of the COVID-19. The manufacturing and energy & power sectors globally experienced a considerable slowdown due to the COVID-19. In addition, local and international travel restrictions, quarantine requirements, and lockdowns further delayed shipments of LPG that were in process of being delivered. The market growth is determined by improved LPG trading around the globe. Shale gas extraction is likely to rise at a rapid pace, which will drive growth over the forecast years. Factors including capacity expansion of shale gas from untapped stocks enhanced global gas trade, and ongoing usage of liquefied petroleum gas as a cooking fuel is contributing to the development of the market for liquefied petroleum gas tankers.

#Liquified Petroleum Gas (LPG) Tanker Market #LPG Tanker Market Size #LPG Tanker Market Growth Forecast #LPG Tanker Market Recent Developments #Global LPG Tanker Market

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globalmarketestimates-blog · 6 years ago

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Global LPG Tankers Market Size, Share, Analysis- Forecasts to 2026 By Technology, By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa); End-Use Landscape, Vendor Landscape, Company Market Share & Competitor Analysis

#lpg tankers market size #LPG Tankers Market Share #LPG Tankers Market Analysis #LPG Tankers Market Forecasts

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imarcmarketreport · 9 months ago

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LPG Tanker Market Size, Demand, Growth and Opportunity 2024-2032

IMARC Group's report titled "LPG Tanker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global LPG tanker market growth. The global marketis expected to exhibit a growth rate (CAGR) of 5% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/lpg-tanker-market/requestsample

Factors Affecting the Growth of the LPG Tanker Industry:

Rising Demand in Residential and Commercial Sectors:

The increasing demand for liquefied petroleum gas (LPG) in residential and commercial sectors is impelling the market growth. LPG serves as a primary fuel for cooking and heating due to its accessibility and cleaner-burning properties compared to traditional biomass and coal. Besides this, the growing utilization of LPG in commercial sectors, such as restaurants, hotels, and small industries, is offering a favorable market outlook. The need to transport LPG from production sites or import terminals to these dispersed consumption centers necessitates a robust and efficient tanker fleet capable of handling varying volumes and ensuring consistent supply.

Development of LPG Infrastructure:

Rising investments in LPG infrastructure is impelling the market growth. Many countries are rapidly developing their LPG distribution networks, including storage facilities, cylinder filling stations, and pipelines. This infrastructure development is often supported by government initiatives aimed at promoting LPG usage to reduce reliance on more polluting fuels. As these nations improve their LPG infrastructure, the need for importing LPG increases, thereby catalyzing the demand for LPG tankers. Furthermore, as these infrastructural projects mature, they facilitate larger import volumes and more efficient distribution, encouraging further investment in tanker capacities to meet the growing demand.

Integration of Advanced Technology for Safety and Efficiency:

The increasing integration of advanced technology in LPG tankers for enhanced safety and efficiency is contributing to the market growth. Modern LPG tankers are equipped with sophisticated navigation systems, automation, and cargo-handling technologies. These advancements not only improve operational safety, reducing the risk of accidents and environmental spills but also enhance fuel efficiency, contributing to lower greenhouse gas emissions. The growing focus on sustainability and compliance, coupled with the implementation of stringent environmental regulations, is further encouraging innovations in tanker design, including the use of cleaner fuels like liquefied natural gas (LNG) for propulsion and the incorporation of energy-efficient technologies.

Leading Companies Operating in the Global LPG Tanker Industry:

BW Group

Dorian LPG Ltd.

EXMAR, Hyundai Heavy Industries Co. Ltd.

Kawasaki Heavy Industries Ltd.

Kuwait Oil Tanker Company S.A.K

Mitsubishi Heavy Industries Ltd

StealthGas Inc.

STX Corporation (Afc Mercury Co. Ltd)

The Great Eastern Shipping Co. Ltd.

LPG Tanker Market Report Segmentation:

By Vessel Size:

Very Large Gas Carrier

Large Gas Carrier

Medium Gas Carriers

Small Gas Carrier

Very large gas carrier represents the largest segment due to its capability of transporting large quantities of LPG over long distances.

By Refrigeration and Pressurization:

Fully Pressurized

Semi-pressurized

Fully Refrigerated

Extra Refrigerated (Ethylene Gas Carriers)

Fully pressurized accounts for the majority of the market share as they are ideal for short-haul transportation and can carry a wide range of gases at relatively low costs.

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

Europe dominates the market owing to its extensive LPG distribution network, rising demand for clean energy sources, and implementation of stringent environmental regulations promoting LPG use over more polluting fuels.

Global LPG Tanker Market Trends:

The increasing focus on retrofitting and modernizing existing LPG tankers is impelling the market growth. The commitment of the shipping industry to reduce its environmental footprint is encouraging operators to upgrade their existing fleets instead of investing in new models. Retrofitting older tankers with newer technologies is enhancing their efficiency and environmental performance. This includes installing advanced emission reduction systems, upgrading propulsion and navigation systems, and enhancing cargo handling capabilities. By modernizing their fleets, shipping companies are extending the lifespan of their vessels, ensuring compliance with international regulations, and remaining competitive in the market, all while mitigating the costs associated with acquiring new ships.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

#LPG Tanker Market

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aipucompressor · 4 years ago

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AIPU COMPRESSOR

Gas Compressor Manufacturer - Your professional supplier and reliable partner!

Bengbu Aipu Compressor Manufacturing Co., Ltd. is a professional manufacturer of gas compressors from China. Our main products include BOG compressors, LPG compressors, CNG compressors, and other gas compressors for CNG/LNG tank trucks, CNG filling station, LNG filling station, LNG gasification station, L-CNG filling station, LNG storage station, LNG peak regulation station, LNG receiving station, LPG filling station, chemical plant, oil and gas plant, etc. Each of Aipu piston reciprocating compressor is designed and manufactured professionally on the basis of the technical data and requirements from the end-users. We have different types of gas compressors such as industrial reciprocating compressor, natural gas booster compressor, reciprocating compressor, etc. We keep developing new technology and manufacturing processes to improve our different types of gas compressors and gas compression systems so that they could meet the market demand and the users' expectations.

BOG Compressor

BOG compressors also called boil-off gas compressors, are widely used to recover natural gas and boil-off gas left after the unloading of LNG cryogenic tanks and CNG tankers. The boil-off gas recovery system would be recovered and pressurized to CNG refilling station or pipeline network to achieve the dual purpose of maximum economic efficiency and environmental protection.

Z-type BOG Compressor

V-type BOG Recovery Compressor

 More details

LPG Compressor

LPG compressors, one type of gas compressors for sale, are widely applied in liquefied petroleum gas stations, LPG car filling stations and mixed gas stations, and they are also an ideal equipment for chemical plants to pressurize the gases and benefit themselves from it, and popular in the areas of loading and unloading of LPG tank truck and vessel and bottle filling and tank decanting of LPG and similar media.

Z-type LPG Compressor

 More details

CNG Compressor

CNG compressor is often used for medium size CNG filling stations, especially for CNG standard and daughter stations. It is a reciprocating (piston) gas compressor, which uses reciprocating compressor oil to operate and is mainly composed of the main compression,anti-explosive electric motor, cooling unit, lubrication unit, internal connection pipeline, safety valve, and the blow-down valve, the PLC control cabinet, etc. Currently, we have many natural gas compressors with reasonable prices for sale and they are widely used in the domestic and overseas markets.

D-type CNG Compressor

M-type CNG Compressor

 More details

Other Compressors

There are different types of gas compressors, such as hydrogen gas compressor, ammonia gas compressor, electric gas compressor, gas booster compressor, etc. Generally, they pressurize the gas to some desired pressure to meet people's demands although the compressing mediums are different.

V-type Hydrogen Gas Compressor

Z-type Ammonia Gas Compressor

 More details

Compressor Solutions

Aipu, one of the oil and gas compressor manufacturers in oil and gas industry can be widely seen in the field of gas recovery and storage, oil and gas plants, liquefied petroleum gas (LPG) filling stations, CNG filling stations, chemical areas, etc., its professional design and manufacture of oil and gas compressors with great prices meet the national standards and industrial requirements as well as the needs of users.

Compressor For LPG

Compressor For CNG

Recycle Compressor For BOG

https://www.aipucompressor.com/products/

#natural #gas #compressor #price

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blog-kmsantosh-me-blog · 3 months ago

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Navigating the Waters: The Growth and Challenges of Shipping Companies in India

Introduction

The Evolution of the Shipping Industry in India

India’s shipping industry has a long history, evolving from a regional trading network to a critical global player. Several factors have contributed to the industry's growth:

Key Shipping Companies in India

India is home to several prominent shipping companies, each contributing to the industry’s growth in different ways:

Challenges Facing the Indian Shipping Industry

Despite its growth, the Indian shipping industry faces several challenges that need to be addressed to ensure sustainable development:

Future Prospects

The future of the Indian shipping industry holds several opportunities for growth:

Conclusion

#Navigating the Waters: The Growth and Challenges of Shipping Companies in India

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gearoiluae-blog · 5 years ago

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Introduction to Oil and Gas Industry

Learn about the three key sectors in oil and gas, the current state of the industry and future outlook

Uncovering the oil and gas industry

Considered being the biggest sector in the world in terms of dollar value, the oil and gas sector is a global powerhouse using hundreds of thousands of workers worldwide and generating hundreds of billions of dollars globally each year. In regions which house the major NOCs, these oil and gas companies are so vital they often contribute a significant amount towards national GDP.

In this introduction to the oil and gas industry, we provide a snapshot of the petroleum sector.

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What are the different oil and gas sectors?

The energy sector has three key areas: Upstream, midstream and downstream.

What is upstream? – Upstream is E&P (exploration and exploration). This involves the search for underwater and underground natural gas fields or crude oil fields and the drilling of exploration wells and drilling into established wells to recover oil and gas.

What is midstream? – Midstream entails the transportation, storage, and processing of oil and gas. Once resources are recovered, it has to be transported to a refinery, which is often in a completely different geographic region compared to the oil and gas reserves. Transportation can include anything from tanker ships to pipelines and trucking fleets.

What is downstream? – Downstream refers to the filtering of the raw materials obtained during the upstream phase. This means refining crude oil and purifying natural gas. The marketing and commercial distribution of these products to consumers and end users in a number of forms including natural gas, diesel oil, petrol, gasoline, lubricants, kerosene, jet fuel, asphalt, heating oil, LPG (liquefied petroleum gas) as well as a number of other types of petrochemicals.

What are the largest volume products?

The largest volumes of products of the oil and gas industry are fuel oil and gasoline (petrol). Petroleum is the primary material for a multitude of chemical products, including pharmaceuticals, fertilisers, solvents and plastics. Petroleum is therefore integral to many industries and is of critical importance to many nations as the foundation of their industries.

Oil and gas industry outlook: 2019

In consideration of industry low’s, such as the price collapse in 2013 and major environmental disasters such as the Deepwater Horizon Gulf Of Mexico Oil Spill in 2014, the oil & gas sector has now recovered.

The world’s dependence on oil and gas is increasing as global economies and infrastructure continue to rely heavily on petroleum-based products. Discussions of when world oil and gas production will peak seem to be on the periphery, even amid a weakened global economy and the shrinking availability of oil. The oil and gas industry continues to wield incredible influence in international economics and politics – especially in consideration of employment levels in the sector, with the U.S. oil and gas industry supporting at least 10 million jobs.

The recovery occurred for several reasons, but the chief among them is the success of the production restraint agreement between OPEC and non-OPEC nations. In addition, developing nations such as China, Brazil and Russia are increasing exploration and production efforts. However, geopolitical considerations such as the ongoing troubles in Venezuela, Iran, and Qatar’s exit from OPEC will influence oil and gas supply.

The trend towards renewable and alternative energy is another threat to traditional oil and gas companies. Coupled with the rise in pro-eco legislation and governmental pressure has meant the industry is under more scrutiny than ever.

Generating electricity from solar power systems and offshore wind is becoming increasingly cheaper and cost-effective. According to IRENA, over 80 percent of newly commissioned renewable energy will be cheaper than new oil & natural gas sources.

More recently, there has been a resurgence of confidence in the industry as it enters its third year of recovery. Growth is increasing at a remarkable rate, as increased upstream production continues to have a positive knock-on effect for midstream businesses. The price of crude has also stabilised – steadying at around $50 per barrel. In addition, 100,000 jobs are expected to be created in 2019 and the number of active drilling rigs in the U.S. has increased to 780 compared to 591 from a year ago.

The UK continental shelf also appears to be back, with the potential to unlock dozens of undeveloped discoveries with drilling prospects on the horizon. Additionally, we can expect an improved outlook for UK upstream production. The UK offshore sector is expected to improve after historical lows in the past few years as there are 16 planned greenfield projects with identified development plans and 29 announced greenfield projects forecast to start production between 2019 and 2025.

It is estimated that 30 billion barrels are consumed globally each year, primarily by developed nations. Oil also accounts for a significant percentage of energy consumption regionally from 32% for Europe and Asia, 40% for North America, 41% for Africa, 44% for South and 53% for the Middle East.

#Stegron Inc #Oil and Gas Industry #oil and energy

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pratikshame-blog · 5 years ago

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LPG Tanker Market Volume Forecast and Value Chain Analysis 2024

Overview

The business intelligence report from TMR is an all-important tool that enables vendors to discover growth opportunities, and undertake strategic planning to tap into these opportunities. The valuable facts, figures, and statistical information provided is compiled based on extensive primary and secondary research and insightful inputs received by industry experts.

Market Insights

The market research study from TMR discusses the demand drivers, geographical distribution, and competitive scenario of the LPG Tanker market for the forecast period 2016 - 2024. Further, it throws light on growth opportunities and challenges facing the LPG Tanker market. The market indicators thus provided are valuable for market participants for business planning, financial modeling, scope of expansion, and investment plan in the LPG Tanker market over the forecast period.

The research report provides deep insights into the competitive outlook of the LPG Tanker market. The research report looks into growth strategies employed by key players, and how these strategies are poised to change the competitive dynamics in the LPG Tanker market over the forecast period. Further, our research reports include market share estimates and changing hierarchy in the LPG Tanker market over the forecast period. The influence of growth strategies on the changing hierarchy in the LPG Tanker market is also discussed in this report.

If you are stakeholder in the LPG Tanker market, the analysis provided will help you understand growth model. Click to get a sample report in PDF (including ToC, Tables and Figures).

Top players in this space include, but are not limited to: Great Eastern Shipping Company Ltd., Navigator Holdings Ltd., EXMAR, and Pertamina.

The competitive analysis of the LPG Tanker market also includes detailed profiling of key market participants. A SWOT analysis of key players is a key feature of this report. This analysis helps to gauge competitive ranking of key players and insights into their moves to withstand competition in the LPG Tanker market. The possibilities of business partnerships and alliances between market stakeholders is also discussed in this section of the report.

Key Questions Answered in the LPG Tanker Report

How much revenue the LPG Tanker market is likely to garner over the forecast period?

Which product segment is likely to account for maximum share in the LPG Tanker market over the assessment period?

Which regional segment is anticipated to hold the leading share among all in the LPG Tanker market?

What are growth strategies adopted by prominent players in the LPG Tanker market to maintain their foothold?

What are some key developments witnessed in the LPG Tanker market?

#LPG Tanker Market

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