Global LNG Carrier Market to Record an Exponential CAGR by 2017-2025
Rising population across the globe has surged the demand for LNG as a source of fuel and, in turn, will propel the growth of the LNG carrier market. LNG carriers are the tank ships designed to carry Liquefied Natural Gas (LNG) at a cryogenic temperature of ?161°C. These carriers are equipped with efficient steam turbine-driven propulsion systems, which are propelled by dual fuel diesel electric propulsion systems. This increases the efficiency of LNG carriers by approximate 30% as compared to...
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