Marine Lube Market: $5.9B by 2024

Laxman Pai
Feb , 10 2019
 
marine-lube-market-59b-by-2024-824

Marine lubricants market, which was above $4 billion in 2016, is expected to surpass consumption of 3.5 million tons, to exceed $5.9 billion by 2024.Asia Pacific marine lubricants market will record an annual growth rate of 4% over the 2016-2023, according to a new research report by Global Market Insights.Surging development in marine infrastructure across this region will augment the product demand. China, Japan, and South Korea are the prominent revenue contributors of the APAC region. Europe marine lubricants market, having had a revenue of $3 billion in 2015, will record considerable annual growth rate over the coming time frame.Compliance with the bilateral trading agreements signed among the nations will lead to increased foreign trade demand, thereby augmenting the industry growth. Moreover, increasing awareness among the customers regarding the usage of eco-friendly products will also influence the regional marine lubricants market.Size of global marine cargo fleet is expected to grow owing to increased interaction between economies in through international trade by marine route. Rise in marine trade frequency can be advantageous due to large shipment transportability, ability to cover huge distances and lowering cost of transportation & maintenance.Major oil & gas exploring companies have engaged in multiple drilling projects to discover new reserves for hydrocarbon, the report said.Marine lubricants market size from transport ships which include cargo ships, tankers, container ships & passenger ships should witness significant gains at over 3.5%. Positive indicators towards growth in shipbuilding industry should drive product demand.Global sea trade was sized to be over 9.5 billion tons in 2016 and is anticipated to grow further due to strong trade ties between economies and growing demand for commodities.

For Sale

2 x Sulzer 12ZAV40S Diesel Engine Power Plant

featureprod

ref#GS812 2 x Sulzer 12ZAV40S Diesel Engine Power Plant 1993 HFO Fuel 60HZ 7500KW @ 514RPM 11,000 Voltage

 

*SURPLUS* CAT 3512 B HD T1 PROPULSION ENGINES "A" Rated 1,675 HP@1600 RPM

SURPLUS INVENTORY, 0 HOURS w/ ABS & IMO1 GL Certifications. These Commercial Workboat “A” Rated High Displacement T1 Engines are avail due to a Project Cancellation.

 

* SURPLUS * CAT 3508 B T1 PROPULSION ENGINES “C” Rated 1,100 HP @ 1800 RPM

SURPLUS INVENTORY, 0 HOURS w/ ABS & IMO1 GL Certifications. These Commercial Workboat “C” Rated T1 Engines are avail due to a Project Cancellation. Multiple RH service side engines are available.

 

* SURPLUS * CAT 3516 C T2 PROPULSION ENGINES “B” Rated 2,100 HP @ 1600 RPM

featureprod

SURPLUS INVENTORY, 0 HOURS w/ ABS & IMO1 GL Certifications. These Commercial Workboat “B” Rated T2 Engines are avail due to a Project Cancellation. RH & LH service side engines are available.

 

Pair of 12V71 Detroit Propulsion Engines

featureprod

One pair of Detroit 12V71 /12VA088583 Model # 7122700 Spec 8327 Port and Starboard engines trans Twin Disc MG5090A(SOLD) Ratio 1.96 to

 
 

Services

hhhh

На нашем судне требуется замена пришедшего в негодность главного двигателя английского производства KELVIN Diesels model - TBSC8 535 bhp 399kWb at 1350 RPM.

 

Deutz

parts and complete engine

 

Mercruiser D254 service

I'm looking for a technician that can service the D254.

 

flooded engine

boat was flooded, engine need to be looked at at mwra marine annapolis

 

cablaggio motore

ricostruzione cablaggio danneggiato

 
 
Apr, 18 2019

CAT Targets Cruise for MEO, AI

cat-targets-cruise-for-meo-ai-942

Caterpillar is touting its Multi-Engine Optimizer (MEO) as a solution for existing cruise ships to burn less fuel, run cleaner,

 
Apr, 18 2019

Voser Steps in as Interim CEO at ABB

voser-steps-in-as-interim-ceo-at-abb-941

ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for

 
Apr, 18 2019

Design: RNLI’s Shannon Class Lifeboat

design-rnlis-shannon-class-lifeboat-938

The latest lifeboat to join the fleet of the Royal National Lifeboat Institution, the main sea rescue service in the UK and Ireland,