The regulations limiting the sulphur content of conventional fuels and improved efficiency are boosting demand for LNG bunkering infrastructure in terms of market expansion. Ships in various regions are gradually beginning to switch to LNG as a propulsion fuel. Furthermore, conventional fuel's economic viability is anticipated to be hampered by the high expenses associated with lowering its sulphur level. During the projection period, the tanker fleet segment is expected to have significant expansion. Comparing LNG to conventional bunker fuel has many advantages, including longer compliance periods and lower greenhouse gas emissions.
As a result of the IMO requirements, marine vessels will switch to fuels with lower sulphur content, which makes LNG an excellent option and creates opportunities in the bunkering sector. The LNG Bunkering Market is predicted to be dominated by North America, with the United States and Canada accounting for the majority of demand.
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