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Yahoo
a day ago
- Business
- Yahoo
Asia-Pacific Container Fleet LNG Bunkering Market Forecast Report 2025-2030 Featuring Analysis of Cheniere Energy, Shell, TotalEnergies, ExxonMobil, Cameron LNG and Other Major Players
The Asia-Pacific container fleet LNG bunkering market presents opportunities in the green maritime sector by capitalizing on expanding LNG bunkering infrastructure in major ports like Singapore, Shanghai, and Tokyo. Key drivers include regulatory compliance and sustainability goals, despite high initial investment and infrastructure challenges. Dublin, June 02, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific Container Fleet LNG Bunkering Market, By Country, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Asia-Pacific Container Fleet LNG Bunkering Market was valued at USD 415 Million in 2024, and is expected to reach USD 544 Million by 2030, rising at a CAGR of 4.47%. Container Fleet LNG Bunkering refers to the process of refueling liquefied natural gas (LNG)-powered container ships using specialized infrastructure and vessels. LNG bunkering is an essential aspect of sustainable maritime transportation, providing a cleaner alternative to traditional marine fuels such as heavy fuel oil and diesel. It reduces greenhouse gas emissions, sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter, aligning with international environmental regulations like the International Maritime Organization's (IMO) MARPOL. The container fleet LNG bunkering process involves different methods, including truck-to-ship, ship-to-ship, and terminal-based bunkering. Ship-to-ship bunkering is the most common method for large container vessels, ensuring efficiency and minimal downtime. Ports worldwide are expanding LNG bunkering facilities to accommodate the growing demand for greener shipping solutions. With the increasing adoption of LNG-powered container ships, LNG bunkering infrastructure is rapidly evolving to support global trade while minimizing environmental impact. This shift is driven by regulatory compliance, fuel cost considerations, and long-term sustainability goals. As the maritime industry continues its transition toward decarbonization, LNG bunkering for container fleets plays a critical role in shaping the future of eco-friendly shipping and global logistics. Key Market Drivers Expanding LNG Infrastructure and Bunkering Facilities The rapid expansion of LNG bunkering infrastructure across Asia-Pacific is a key driver of market growth. Governments and port authorities are investing in LNG supply chains, storage terminals, and bunkering facilities to support the transition to cleaner marine fuels. Major port hubs such as Singapore, Shanghai, Busan, and Tokyo are strengthening their LNG bunkering capabilities to cater to the increasing number of LNG-fueled container vessels. Singapore, the world's largest bunkering hub, has been at the forefront of LNG bunkering development. The Maritime and Port Authority of Singapore (MPA) has launched initiatives to enhance LNG infrastructure, including the deployment of LNG bunkering vessels and the establishment of LNG supply chains. Similarly, China is aggressively expanding its LNG bunkering capacity with projects in major ports like Shanghai, Shenzhen, and Guangzhou. South Korea and Japan are also ramping up investments in LNG refueling infrastructure. South Korea's Green Ship Initiative and Japan's roadmap for LNG bunkering highlight their commitment to alternative fuels. These developments are critical in ensuring a reliable LNG supply for container fleets, further encouraging ship operators to adopt LNG as their primary fuel. The growing network of LNG terminals and bunkering vessels ensures seamless refueling operations, reducing downtime for container fleets and increasing LNG adoption in the maritime sector. As infrastructure continues to expand, the Asia-Pacific LNG bunkering market is set to witness substantial growth. In 2023, China's LNG imports reached 71.32 million tons, marking a 12.6% increase from the previous year. The Guangdong Energy Group's new LNG receiving terminal in Huizhou, Guangdong province, commenced operations in September 2024. This USD 1 billion facility has an annual processing capacity of 4 million metric tons. Key Market Challenges High Initial Investment and Infrastructure Development Costs One of the major challenges facing the Asia-Pacific container fleet LNG bunkering market is the high cost associated with infrastructure development and vessel conversion. Unlike conventional marine fuels such as heavy fuel oil (HFO) and marine gas oil (MGO), LNG requires specialized storage, transportation, and refueling infrastructure. The development of LNG bunkering facilities, including liquefaction plants, storage terminals, and bunkering vessels, involves substantial capital investment. Port authorities and private stakeholders must invest in dedicated LNG infrastructure to ensure a reliable supply chain. However, not all ports in the Asia-Pacific region are equipped with LNG bunkering facilities, leading to uneven availability across trade routes. While major hubs like Singapore, Shanghai, and Busan are expanding their LNG infrastructure, many smaller ports lack the necessary investment to support LNG bunkering operations. This creates logistical challenges for shipping companies operating LNG-powered container fleets, as they must carefully plan refueling stops based on available LNG supply points. The cost of building LNG-fueled container ships is significantly higher than traditional vessels. Shipowners must invest in specialized LNG storage tanks, fuel supply systems, and dual-fuel engines, which increase the upfront cost of fleet expansion. Although LNG provides long-term operational savings and regulatory compliance benefits, the initial financial burden deters some shipping companies from making the transition. Government incentives and financial support play a crucial role in overcoming this challenge. Some Asia-Pacific countries, including China, South Korea, and Japan, have introduced subsidies, tax benefits, and investment programs to encourage LNG adoption. However, the slow return on investment remains a concern for private investors, limiting the speed of infrastructure expansion. Without widespread LNG bunkering infrastructure, the industry faces a bottleneck that could hinder the large-scale adoption of LNG-powered container ships. To address this challenge, coordinated efforts between governments, port authorities, and private stakeholders are essential to accelerate LNG infrastructure development and make LNG bunkering more accessible across the Asia-Pacific region. Key Market Trends Expansion of LNG Bunkering Infrastructure and Port Facilities One of the most prominent trends in the Asia-Pacific container fleet LNG bunkering market is the rapid expansion of LNG refueling infrastructure. As demand for LNG-powered container ships grows, ports across the region are investing in LNG storage, transportation, and bunkering facilities to support the transition to cleaner fuels. Leading maritime hubs such as Singapore, Shanghai, Busan, and Tokyo are actively developing LNG bunkering capabilities. Singapore, a global leader in marine fuel supply, has implemented an extensive LNG bunkering program, including LNG bunker vessels, storage terminals, and partnerships with major shipping companies. Similarly, China is expanding LNG bunkering operations in key ports like Shanghai, Guangzhou, and Shenzhen to meet its growing fleet of LNG-powered vessels. South Korea and Japan are also investing in LNG bunkering networks to strengthen their positions as regional refueling hubs. Governments and port authorities are playing a crucial role in accelerating LNG infrastructure development. Regulatory incentives, public-private partnerships, and financial support programs are helping to establish a reliable LNG supply chain across the Asia-Pacific region. The increasing number of LNG bunkering locations is enhancing the accessibility of LNG fuel for container fleets, reducing operational constraints, and encouraging more shipping companies to adopt LNG-powered vessels. As infrastructure expands, the Asia-Pacific region is expected to become a major LNG bunkering hub, facilitating the growth of sustainable maritime transport. Key Players Profiled in the Asia-Pacific Container Fleet LNG Bunkering Market Cheniere Energy, Inc. Shell plc TotalEnergies SE ExxonMobil Corporation Cameron LNG, LLC Chevron Corporation PetroChina Company Limited Sempra Energy Woodside Energy Group Limited Eni S.p.A. Report Scope In this report, the Asia-Pacific Container Fleet LNG Bunkering Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below: Asia-Pacific Container Fleet LNG Bunkering Market, By End User: Ferries Cruise-Ships Bulk & General Cargo Fleet Offshore Support Vessels Asia-Pacific Container Fleet LNG Bunkering Market, By Distribution Channel: Direct Sales Bunkering Stations Asia-Pacific Container Fleet LNG Bunkering Market, By Country: China India Japan Australia South Korea Indonesia Vietnam Singapore Rest of Asia-Pacific Key Attributes Report Attribute Details No. of Pages 121 Forecast Period 2024-2030 Estimated Market Value (USD) in 2024 $415 Million Forecasted Market Value (USD) by 2030 $544 Million Compound Annual Growth Rate 4.4% Regions Covered Asia-Pacific For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
The Hindu
6 days ago
- Business
- The Hindu
Women at sea: how we can close the gender-gap in Merchant Navy?
The gender diversity in the maritime sector remains disproportionately low. The second Women in Maritime survey shows that at sea, women remain vastly underrepresented, accounting for just 1% of the total number of seafarers employed by surveyed organisations. While there are challenges such as workplace safety concerns, gender pay gap, and more, there are consistent efforts to make the space more inclusive. The report jointly published by the International Maritime Organization (IMO) and the Women's International Shipping and Trading Association (WISTA) reports that women account for 19% of the workforce of national maritime authorities in Member States, and only 16% of the surveyed private sector workforce (excluding seafarers). To delve deep into the topic, The Hindu hosted a live webinar titled 'Careers for women in the Merchant Navy' on Saturday, May 24 at 5:00 p.m. The webinar featured an expert panel including Captain Radhika Menon, India's first female Merchant Navy captain; Harjeet Joshi, Former Chairperson and Managing Director, Shipping Corporation of India (SCI); Amri Saxena, Maritime Leadership Consultant, Maersk Training; and Swetha Rotkar, Senior Executive, CSR, Synergy Marine Group. Also Read: Merchant Navy careers: High-paying jobs, training paths, and life at sea explained The panelists emphasized that there are numerous pathways into maritime careers, ranging from engineering roles to navigation positions. They also highlight that while challenges exist, success stories continue to emerge as more women break barriers within these traditionally male spaces. Entry pathways Ms. Rotkar outlined the four main departments in the Merchant Navy: deck department, engine department, ETO, and GP rating. To join the deck department, one needs a Diploma in Nautical Science, a one-year course, or a in Nautical Science, which is a three-year course. To get into the engine department, one needs to finish a in Marine Engineering, a four-year course. Mindset required Ms. Amri emphasized the importance of mindset when entering the maritime field. 'I think the first and foremost thing that we need to have in our minds is that you need to have a learning mindset, because you are entering a new environment. That is a given.' She acknowledged the unique challenges for women at sea. 'Especially for the women who are joining the fleet, the industry is still in its nascent stage to embrace you completely. Equality is still not there, so there will be more challenges. We need to accept that and work around it rather than be scared of it. It's not a big bad world out there. There are challenges, but there are also people who have sustained it, who have made it happen'. Ms. Joshi spoke about how one needs to prepare for the isolating experience it can prove. 'Life at sea is slightly different from doing an office job on shore. What you mainly face is long hours of isolation because you are out at sea and cannot come back onto land unless your vessel touches another port. You are restricted to a small group on board, so you need to have a very resilient mindset. Contracts typically last six to eight months, which means you're sailing continuously for that duration.' Towards gender inclusivity Ms. Joshi also noted the progress made in the field in terms of gender inclusion. She outlined key policy initiatives like Sagar Mein Samman to boost female participation in the industry. 'Back in the day, there were no policies. But today, the government is actively working to ensure equality and equity in the maritime industry. Capt. Menon shared her pioneering journey starting as India's first female merchant navy captain amid an environment lacking policies supporting women. 'Choose to be a seafarer with your eyes open. In today's world, much is known about what life on board entails, the work conditions, the challenges, and the responsibilities. Once you step on board, you'll find there is a lot of support available, both from companies and from the government', she said. She highlighted that support systems are actively in place. 'Every company has helplines for mental health and emotional support. There are also organizations like the International Women Seafarers Foundation, which help women tackle any issue or doubt they may have, no matter how small', she said. While hurdles remain in creating an equitable environment within the Merchant Navy, progress is evident through collective efforts aimed at empowering aspiring female seafarers towards fulfilling careers on the high seas.
Time of India
27-05-2025
- General
- Time of India
Preliminary indications suggest wrong ballast operations could have led to sinking of MSC Elsa 3, ET Infra
Advt Advt By , ETInfra MUMBAI: Liberia, where the container ship MSC Elsa 3 that capsized and sank off the coast of Kochi on May 25 is registered, has conveyed to the Indian government in writing that it will not participate in the maritime casualty investigation , multiple sources said.'So, under India's Merchant Shipping Act, the Directorate General of Shipping, the maritime administration, will start a full-fledged maritime casualty investigation,' a government source it is the responsibility of the flag state of the ship (where the ship is registered) to conduct the casualty investigation irrespective of the location where the mishap has happened, according to international law and the Casualty Investigation Code of the International Maritime Organization (IMO), the UN agency tasked with regulating global is not known why Liberia chose not to participate in the casualty investigation involving MSC Elsa 3, a 28-year-old container ship owned by Mediterranean Shipping Company S. A., the world's largest container carrier by capacity and classed with authorities believe that 'wrong ballast operations ' that was not in consonance with load convention and stability calculations, could have led to the sinking of the ship that was enroute from Vizhinjam port to Cochin port Ballast operations involve using water in specialised tanks to manage a ship's stability, weight distribution, and buoyancy, which is crucial for safe navigation and cargo handling.'How can a ship, within 100 nautical miles from the coast, have a 5 percent tilt, which goes to 22 per cent and then 26 per cent before sinking,' said the source mentioned government has deployed four specialised oil spill containment vessels of the Indian Coast Guard to check potential oil spill from the sunken ship.'The problem now is the salvage response,' the source said. Mediterranean Shipping Company has been working with T&T Salvage , a US-based salvage and marine firefighting service provider.'Indian authorities have asked T&T for a salvage plan which is yet to be received,' the source 20 containers from the sunken ship have beached at different spots in Kerala and hundred others that are afloat could also hit the shores soon.'We are trying to deploy tugs and smaller boats to keep them off the coast,' the source Shipping Company is yet to make a statement on the incident.
The Hindu
22-05-2025
- Business
- The Hindu
How women can build careers in the Merchant Navy?
Two women, Colonel Sofiya Qureshi of the Army and Wing Commander Vyomika Singh from the Indian Air Force, were part of the briefing about Operation Sindoor. Their presence at the briefing is a culmination of a long-drawn fight for women holding combat roles in the Indian armed forces. While this level of inclusion is seen in the armed forces, the Merchant Navy, another male-dominated arena, still lags far behind in the representation of women. Till today, the gender diversity in the maritime sector remains disproportionately low. The second Women in Maritime survey shows that at sea, women remain vastly underrepresented, accounting for just 1% of the total number of seafarers employed by surveyed organisations. The report jointly published by the International Maritime Organization (IMO) and the Women's International Shipping and Trading Association (WISTA) reports that women account for 19% of the workforce of national maritime authorities in Member States, and only 16% of the surveyed private sector workforce (excluding seafarers). While there are challenges such as workplace safety concerns, gender pay gap, and more, there are consistent efforts to make the space more inclusive. The potential pathways within the merchant navy sector range from engineering roles to navigation positions. The webinar will try to explore in what roles women are making a mark, and where the future lies for them. Organisations like The International Women Seafarers Foundation also work to bridge the gap and make the Merchant Navy a safer place for women. The IWSF has employed over 60 women seafarers in the last six years of their work. It has also assisted over women seafarers in fighting sexual harassment cases. To address these challenges and explore opportunities for women in the maritime field, The Hindu will host a live webinar titled 'Careers for women in the Merchant Navy', on Saturday, May 24, 5:00 p.m. The panellists include: Capt. Radhika Menon, India's first female Merchant Navy Captain; Harjeet Joshi, Former Chairperson and Managing Director, Shipping Corporation of India (SCI); Amri Saxena, Maritime Leadership Consultant, Maersk Training; Swetha Rotkar, Senior Executive, CSR, Synergy Marine Group. The session will be moderated by Ravina Warkad from The Hindu's Education vertical. Register now for free to ask questions and interact with the panellists. Those who ask the three best questions will receive a free online subscription to The Hindu. Panellists Captain Radhika Menon, India's first female Merchant Navy Captain Capt. Radhika Menon is a pioneer in the maritime industry, celebrated as India's first female merchant navy captain and the first Indian woman to command a foreign-owned ship. She is the first woman to receive the International Maritime Organization (IMO) Award for Exceptional Bravery at Sea in 2016. She started her journey as a Radio officer, and then transitioned to a navigating officer and steadily rose through the ranks, taking command in 2012. In 2017, she co-founded the International Women Seafarers Foundation (IWSF) with the primary goal of promoting the participation of women seafarers in the maritime industry. Through IWSF, she provides ongoing mentorship and support, guiding women through the challenges of their careers. Harjeet Joshi, Former Chairperson and Managing Director, and Director Finance at The Shipping Corporation of India Ltd. Ms. Joshi has held the additional charge of Director (Finance) at Shipping Corporation of India (SCI) alongside her term as CMD. She has also held the additional charge of Managing Director, India Ports Global Limited, and Chairperson of India Ports Global Chabahar Free Zone. Prior to her association with the Maritime Industry, she was worked in Oil and Natural Gas Corporation (ONGC) where she led the finance division responsible for all financial activities and decisions in the largest gas producing asset, an Exploration Business group and in Engineering Services which handled the largest capex and investment plans of offshore construction projects. Amri Saxena, Maritime Leadership Consultant, Maersk Training Amri is a Counseling Psychologist and Human Factors Specialist with over 22 years of experience in Learning and Development. Her 14 years in the Maritime industry are shaped by her journey as a seafarer's spouse and her sailing background. Ms. Saxena has trained seafarers of all ranks—from ratings to senior Masters and Chief Engineers—across prestigious Maritime Training Institutes in India. Her contributions extend beyond training; she has also served as a Counselling Psychologist for various maritime companies, offering critical psychological support to distressed seafarers at sea. Her global credentials include working with the Nautical Institute, London, as a Human Factors Specialist, where she contributed to enhancing safety and performance at sea through behavioural and psychological insight. Currently, Amri serves as a Maritime Leadership Consultant at Maersk Training, Denmark, where she facilitates a distinctive Leadership Development Program and conducts psychometric assessments for seafarers preparing for leadership roles. Swetha S Rotkar, Senior Executive, CSR, Synergy Marine Group Ms. Rotkar holds a in Nautical Science from MANET Pune and began her maritime journey by sailing for 18 months as a Deck Cadet with TORM. Following her sea tenure, she transitioned ashore and gained further technical experience—first as a PMS Assistant at TORM, and later as a PMS Engineer at Martech Systems, working on software-based maintenance solutions for commercial vessels. Since May 2023, Swetha has been part of Synergy Marine Group's Corporate Social Responsibility (CSR) department, where she supports programmes related to community engagement, seafarer welfare, and sustainability-linked initiatives. In addition to her core responsibilities, Swetha has also been actively involved in Synergy's outreach initiatives across various parts of India, encouraging young girls to consider maritime as a career. (For any suggestions or feedback, please reach out to us at education@
Scoop
22-05-2025
- Business
- Scoop
90 Days To Economic Collapse: UN And Experts Sound Alarm Over Security At Sea
20 May 2025 Addressing a high-level debate of the Security Council, António Guterres said that oceans and seas are 'sending a clear SOS,' as maritime spaces face escalating pressure from both traditional threats and new dangers – including piracy, armed robbery, trafficking, terrorism, cyberattacks and territorial disputes. 'From time immemorial, maritime routes have bound the world together,' he said. 'But maritime spaces are increasingly under strain…and without maritime security, there can be no global security. ' Spike in piracy, attacks The Secretary-General pointed to a sharp spike in piracy and armed robbery at sea in early 2025, citing International Maritime Organization(IMO) figures showing a 47.5 per cent increase in reported incidents compared to the same period last year. The rise was most pronounced in Asia, especially in the busy Straits of Malacca and Singapore. He also highlighted continued attacks on shipping in the Red Sea and Gulf of Aden by Houthi the Gulf of Guinea, the Mediterranean and the Atlantic. The debate was a signature event of the Greek presidency of the Council. Prime Minister Kyriakos Mitsotakis held the gavel, and several ministers were in the chamber. A 90-day countdown to collapse Melina Travlos, President of the Union of Greek Shipowners, delivered a stark warning to Council members: if the global shipping system grinds to a halt, the world economy will collapse in just 90 days. She described shipping as 'the silent guardian of global welfare,' noting that 90 per cent of international trade and more than 12 billion tonnes of goods depend on maritime transport each year. ' Shipping unites the world, not occasionally, but consistently, ' she said, calling for greater protection of seafarers and maritime infrastructure amid increasing and more complex threats. One ship, six days, billions lost Christian Bueger, a professor of international relations at the University of Copenhagen, reminded ambassadors that in 2021, a single ship – the Ever Given – blocked the Suez Canal for six days, costing the global economy billions. ' Never before in history have we been as dependent on the sea as we are today, ' he said, citing a 300 per cent rise in maritime trade since the 1990s. Mr. Bueger urged Member States to adopt a more systematic, evidence-based approach to maritime security, urging a global response that is as interconnected as the threats it faces. Uphold law of the sea In his remarks, Secretary-General Guterres laid out a three-pronged strategy to strengthen maritime security – highlighting that decisive, coordinated global action is needed regardless of individual flashpoints or shipping disruptions. These include upholding international law, tackling the root causes of maritime insecurity, and strengthening global partnerships. He called on all nations to uphold international law, especially the UN Convention on the Law of the Sea (UNCLOS), the international treaty that sets the legal framework for all maritime activities and regulates the use of ocean and its resources. ' This framework is only as strong as States' commitment to full and effective implementation, ' he said. 'All States must live up to their obligations.' Prioritise investment On root causes, he urged investment in coastal communities, judicial reform and building maritime capacity in developing countries — from surveillance to port security. Alongside this, weak governance, rising poverty and lack of opportunities must be addressed. The UN chief stressed that lasting solutions would require cooperation from governments, regional bodies, the private sector and civil society – including women and girls, who are disproportionately affected by maritime crime. ' Collectively, we must do more to reduce the likelihood that desperate people will turn to crime and other activities that threaten maritime security and degrade our ocean environment, ' he said. 'The United Nations system stands ready to support Member States to ensure peaceful, secure, and prosperous maritime spaces for generations to come.'
