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LNG market and fleet analysis

Stanivuk Tatjana, Mahić Josip, Stazić Ladislav, Perdić-Lukačević Hana

Transport Problems

2021

T. 16, z. 4

173--183

This paper is part of larger research on the impact of present and future air emissions from the shipping industry and especially the environmental impact of the rapid spreading of the LNG as a fuel in the industry. Therefore, it was important to gather data related to the LNG market and perform an analysis to gain realistic insight into the market behaviour. This paper analyses the situation and trends of the LNG shipping market over a longer period to predict future developments. Data analysis of the several aspects and patterns of the trade has been performed; the results obtained can enable prediction of the market situation for the future. From the data analysis and predictions of the LNG market, continuous growth in the following years is expected, which linked to an increase of the LNG fleet and number of importing countries. Research has shown that new propulsion alternatives such as MEGI and XDF are appearing on the market as the first choice for new builds, while steam turbines are slowly disappearing. Although market growth is projected from all research parameters, the situation has changed due to the COVID-19 pandemic and its impact on the market. Consequently, growth forecasts will not be realized in 2020.