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Global LNG Tanker Market 2016-2020

Global LNG Tanker Market 2016-2020

About Global LNG Tanker Market

The global LNG tanker market is highly reliant upon the state of the global oil industry and the connected crude oil and natural gas prices. The recent rout in the global crude prices is expected to have a significant effect on the course followed by the LNG tanker market over the forecast period.

Technavio’s analysts forecast the global LNG tanker market to grow at a CAGR of 6.21% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global LNG tanker market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top vendors operating in the market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global LNG Tanker Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Samsung Heavy Industries
  • Mitsubishi Heavy Industries
  • Hyundai Heavy Industries
  • DSME
  • Mitsui OSK Lines
  • NYK Lines
  • Yamal LNG
Market driver
  • Geographical diversification of gas markets
  • For a full, detailed list, view our report
Market challenge
  • Current state of oversupply in the tanker market
  • For a full, detailed list, view our report
Market trend
  • Revamping of carrier propulsion systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global LNG Tanker Market 2016-2020

Technavio recognizes the following companies as the key players in the global LNG tanker market: Samsung Heavy Industries, Mitsubishi Heavy Industries, Hyundai Heavy Industries, DSME, Mitsui OSK Lines, NYK Lines, and Yamal LNG.

Commenting on the report, an analyst from Technavio’s team said: “One of the major trends that has been seen in the current LNG tanker market is the revamping in the carrier propulsion systems. Ever since the very first LNG vessel was inducted into service, some half a century ago, these LNG carriers have undergone a paradigm shift in their design. The historical fleet of LNG tankers in the global trade had been fitted with a reliable, but moderately efficient steam turbine-driven propulsion systems. The only fuel option these systems had was related to the boil-off gases, which was a by-product of the storage of natural gas under cryogenic conditions.”

According to the report, stringent marine pollution laws will be a key driver for market growth. As with any form of energy consumer, the marine transportation industry also affects the environment adversely in many ways, and the LNG tanker industry provides a potential exception. One of the major trends seen over the past decade is the significant increase in the marine pollution. The result of this has been increase in the focus of the marine environment protection and attempt to revive the marine ecosystem. However, being a relatively cleaner fuel than the counterparts, the LNG tanker market is expected to reap tons of benefits from the imposing of the stricter marine pollution laws.

Further, the report states that diminishing inter-basin LNG trade will be a challenge for the market. One of the core aspects of the LNG trade market, since the time of its inception in the 1960s, has been the trading opportunities, which exist between the two basins of the world. The global LNG marketplace has been demarcated between two distinct regions, based on the oceans that separate them. These are the Pacific and the Atlantics basin LNG markets.

Companies Mentioned

Samsung Heavy Industries, Mitsubishi Heavy Industries, Hyundai Heavy Industries, DSME, Mitsui OSK Lines, NYK Lines, Yamal LNG.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global LNG tanker market
    • Technological overview
      • Table Different stages in the typical petroleum value chain
      • Table Natural gas value chain
      • Table LNG process chain
      • Table LNG liquefaction process flow
      • Table LNG tanker GTT Mk. III based on membrane containment technology
      • Table LNG tanker based on Moss-Rosenberg containment technology
    • Market size and forecast
      • Table Global LNG tanker market by trade volume 2016-2020 (MMTPA)
      • Table Global LNG tanker market by tanker count 2016-2020
      • Table Conventional LNG vessel delivery status
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by containment technology
    • Global LNG tanker market by containment technology
      • Table Global LNG tanker market by membrane containment technology 2015
      • Table Global LNG tanker market by containment technology 2020
      • Table Global LNG tanker market by containment technology forecast 2016-2020
      • Table Global LNG tanker market by membrane containment technology
      • Table Global LNG tanker market by Moss-Rosenberg containment technology
  • Geographical segmentation
    • Global LNG tanker market: Segmentation by geography
      • Table Global LNG tanker market shares by geographies 2015
      • Table Global LNG tanker market shares by geographies 2020
      • Table Global LNG tanker market shares by geographies 2016-2020
    • APAC
      • Table LNG tanker market outlook in APAC 2016-2020
    • Americas
      • Table LNG tanker fleet constructed in Americas
      • Table Americas LNG tanker market outlook 2016-2020
    • EMEA
      • Table EMEA LNG tanker market outlook 2016-2020
  • Market drivers
    • Increasing need for energy security
      • Table Fossil fuels remaining production
    • Geographical diversification of gas markets
      • Table Shifting bases of hydrocarbon exploration
    • Limitations of pipeline gas
      • Table Factors supporting LNG over pipeline transportation
    • Stringent marine pollution laws
      • Table Source of oil pollution in ocean
      • Table IMO sulfur oxides: Regulation 14
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Diminishing inter-basin LNG trade
    • Current state of oversupply in the tanker market
    • Volatility in global utilization and charter rates
      • Table Global LNG charter rates for deliveries of 160,000 CBM of LNG ($)
    • Restart of nuclear facilities in key consumer markets
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Emergence of new demand hubs
    • Revamping of carrier propulsion systems
    • Change in vessel costs and delivery timelines
      • Table Comparison of different propulsion systems in market
  • Vendor landscape
  • Key vendor analysis
    • Samsung Heavy Industries
      • Table Business segmentation by revenue 2014
      • Table Production capacity of shipbuilding
      • Table LNG tanker product portfolio
    • Mitsubishi Heavy Industries
      • Table Mitsubishi Heavy Industries: Business segmentation by revenue 2015
      • Table Mitsubishi Heavy Industries: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Mitsubishi Heavy Industries: Geographical segmentation by revenue 2015
      • Table Product portfolio
      • Table Key news
    • Hyundai Heavy Industries
      • Table Business segmentation by revenue 2014
      • Table Geographical segmentation by revenue 2014
      • Table Product overview
      • Table LNG tanker product portfolio
      • Table Key news
    • DSME
      • Table Product overview
      • Table LNG tanker product portfolio
      • Table Key news
    • Mitsui OSK Lines (MOL)
      • Table Business segmentation by revenue 2015
      • Table Revenue breakdown for tankers
      • Table Tanker fleet table
      • Table Long-term contracts
      • Table Key news
    • NYK Lines
      • Table Business segmentation by revenue 2015
      • Table Geographical segmentation by revenue 2015
      • Table Number of fleets in NYK (units)
      • Table Product overview
      • Table Key news
    • Yamal LNG
      • Table Key news
  • Appendix
    • List of abbreviations
  • Explore Technavio

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