Skip to main content

Technavio releases ‘Global Offshore Supply Vessel Market 2018 – 2022’ analysis

Published by
LNG Industry,


Technavio has released its latest forecast for the global offshore supply vessel market, covering the forecast period: 2018 – 2022.

For the period of study, Technavio analysts have forecast the market to grow at a CAGR of almost 7%.

The increasing demand for high-capacity and LNG-fuelled OSVs is another major trend being witnessed in the global offshore supply vessel market 2018 – 2022.

In 2017, LNG was available at a competitive price when compared with HFO in the US and Europe, and is preferred over low sulfur gasoil in offshore vessels.

Many major shipping manufacturers have launched LNG-fuelled OSVs owing to the benefits of using LNG as an OSV fuel.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/19092018/technavio-releases-global-offshore-supply-vessel-market-2018-2022-analysis/

You might also like

 STATS Group

[WEBINAR] Digital Shipbuilding: A Transparent and Real-Time View of the Fabrication Process is Possible

In this webinar, Ismo Piirainen and David Whittle of Hexagon PPM will be discussing the digitalisation and digital transformation trends driving Industry 4.0, especially when it comes to fabrication. Register for free today »

 

PGNiG starts operations in Lithuania

Polskie Górnictwo Naftowe i Gazownictwo (PGNIG) has officially become the sole user of the small scale LNG reloading station in Klaipeda, Lithuania.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Offshore LNG news Natural gas news