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LNG Carriers Companies (2024 - 2029)

Numerous companies, including heavy industries, shipbuilding firms, and shipping operators, are instrumental in the global maritime sector. These corporations contribute significantly to marine engineering and construction, shipbuilding, and shipping operations. Some of these firms also specialize in the liquefied natural gas (LNG) sector, showcasing their versatility and broad operational scope. Their collective efforts and contributions are paramount to the functioning and progression of the global maritime industry.

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Top Companies in LNG Carriers Market

This report lists the top LNG Carriers companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the LNG Carriers industry.

  1. Royal Dutch Shell PLC

  2. Nippon Yusen Kabushiki Kaisha

  3. MISC Berhad

  4. Mitsui O.S.K. Lines Ltd

  5. Seapeak

*Disclaimer: Top companies sorted in no particular order

LNG Carriers Market Major Players

LNG Carriers Market Concentration

LNG Carriers Market Concentration

LNG Carriers Company List

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 4.3 Global LNG Carrier Fleet (Historical and Forecast) in Number of Vessels, Until 2028

    4. 4.4 Recent Trends and Developments

    5. 4.5 Government Policies and Regulations

    6. 4.6 Market Dynamics

      1. 4.6.1 Drivers

      2. 4.6.2 Restraints

    7. 4.7 Supply Chain Analysis

    8. 4.8 Porter's Five Forces Analysis

      1. 4.8.1 Bargaining Power of Suppliers

      2. 4.8.2 Bargaining Power of Consumers

      3. 4.8.3 Threat of New Entrants

      4. 4.8.4 Threat of Substitutes Products and Services

      5. 4.8.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Containment Type

      1. 5.1.1 Moss

      2. 5.1.2 Membrane

    2. 5.2 Propulsion Type

      1. 5.2.1 Steam Turbines

      2. 5.2.2 Dual Fuel Diesel Engine/Tri-Fuel Diesel Engine (DFDE/TFDE)

      3. 5.2.3 Slow-Speed Diesel (SSD)

      4. 5.2.4 M-type Electronically Controlled Gas Injection (ME-GI)

      5. 5.2.5 XDF Two-stroke Engine

      6. 5.2.6 Steam Re-heat and Stage

    3. 5.3 Geography [Market Size and Demand Forecast till 2028 (for regions only)]

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Rest of the North America

      2. 5.3.2 Asia-Pacific

        1. 5.3.2.1 China

        2. 5.3.2.2 India

        3. 5.3.2.3 Japan

        4. 5.3.2.4 South Korea

        5. 5.3.2.5 Rest of the Asia-Pacific

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 France

        3. 5.3.3.3 Spain

        4. 5.3.3.4 United Kingdom

        5. 5.3.3.5 Rest of the Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of the South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Nigeria

        3. 5.3.5.3 Saudi Arabia

        4. 5.3.5.4 Rest of the Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Ship Builders

        1. 6.4.1.1 Samsung Heavy Industries Co. Ltd

        2. 6.4.1.2 Hyundai Samho Heavy Industries Co. Ltd

        3. 6.4.1.3 Daewoo Shipbuilding and Marine Engineering Co. Ltd

        4. 6.4.1.4 STX Offshore and Shipbuilding CO.,LTD.

        5. 6.4.1.5 Mitsubishi Heavy Industries Ltd

        6. 6.4.1.6 Kawasaki Heavy Industries Ltd

        7. 6.4.1.7 China Shipbuilding Trading Co. Ltd

        8. 6.4.1.8 Japan Marine United Corporation

        9. 6.4.1.9 HJ Shipbuilding & Construction Company, Ltd.

      2. 6.4.2 Ship Operators

        1. 6.4.2.1 Royal Dutch Shell PLC

        2. 6.4.2.2 Nippon Yusen Kabushiki Kaisha

        3. 6.4.2.3 Mitsui OSK Lines Ltd

        4. 6.4.2.4 MISC Berhad

        5. 6.4.2.5 Seapeak

        6. 6.4.2.6 Maran Gas Maritime Inc.

        7. 6.4.2.7 Golar LNG

        8. 6.4.2.8 BW LPG

        9. 6.4.2.9 GasLog Ltd

        10. 6.4.2.10 Kawasaki Kisen Kaisha, Ltd.

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS


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Competitive Landscape Report Includes

Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments). Key Strategic Moves, Market Share Analysis, Company Landscape, and List of Companies.

LNG Carriers Market Companies Summary

The LNG carrier market is anticipated to experience growth over the forecast period, driven by factors such as flexible deployment capabilities, increased efficiency, and a rise in global LNG consumption, supported by government regulations and demand from various end-user industries. However, the entry of new carrier fleets into the market and regional shipping imbalances have caused fluctuations in charter rates, potentially hindering market growth. Despite this, many terminals are adjusting to accommodate small-scale and bunkering vessels to comply with emissions targets and seize new commercial opportunities. Conventional oil-based fuels are expected to remain the primary fuel option for most vessels, but the commercial opportunities of LNG are attractive. The market is moderately fragmented, with a few major firms operating within it. The membrane-type segment, due to its higher carrying capacity and other benefits, held the largest market share and is expected to dominate the global market throughout the forecast period. The most common membrane tank systems were designed by Gaztransport and Technigaz (GTT) and have been implemented onboard LNG carriers for many years. Other designs from various firms have also been developed. Technological advancements have led to the membrane-type containment's superior capacity to withstand the immense pressure of LNG and its compact shape to carry large LNG volumes compared to moss-type containment.

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LNG Carriers Companies - Table of Contents

  1. 1. COMPETITIVE LANDSCAPE

    1. 1.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 1.2 Strategies Adopted by Leading Players

    3. 1.3 Market Share Analysis

    4. 1.4 Company Profiles

      1. 1.4.1 Ship Builders

        1. 1.4.1.1 Samsung Heavy Industries Co. Ltd

        2. 1.4.1.2 Hyundai Samho Heavy Industries Co. Ltd

        3. 1.4.1.3 Daewoo Shipbuilding and Marine Engineering Co. Ltd

        4. 1.4.1.4 STX Offshore and Shipbuilding CO.,LTD.

        5. 1.4.1.5 Mitsubishi Heavy Industries Ltd

        6. 1.4.1.6 Kawasaki Heavy Industries Ltd

        7. 1.4.1.7 China Shipbuilding Trading Co. Ltd

        8. 1.4.1.8 Japan Marine United Corporation

        9. 1.4.1.9 HJ Shipbuilding & Construction Company, Ltd.

      2. 1.4.2 Ship Operators

        1. 1.4.2.1 Royal Dutch Shell PLC

        2. 1.4.2.2 Nippon Yusen Kabushiki Kaisha

        3. 1.4.2.3 Mitsui OSK Lines Ltd

        4. 1.4.2.4 MISC Berhad

        5. 1.4.2.5 Seapeak

        6. 1.4.2.6 Maran Gas Maritime Inc.

        7. 1.4.2.7 Golar LNG

        8. 1.4.2.8 BW LPG

        9. 1.4.2.9 GasLog Ltd

        10. 1.4.2.10 Kawasaki Kisen Kaisha, Ltd.

    5. *List Not Exhaustive

LNG Carriers Companies FAQs

Royal Dutch Shell PLC, Nippon Yusen Kabushiki Kaisha, MISC Berhad, Mitsui O.S.K. Lines Ltd and Seapeak are the major companies operating in the LNG Carriers Market.

LNG Carrier Market Report Snapshots

LNG Carriers Market Analysis - Industry Report, Size & Forecast (2024 - 2029)