cmi_blog_daily_dose

  Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state, at about -260° Fahrenheit, for shipping and storage. LNG is a colorless and odorless liquid, which is formed by cooling natural gas to -1620C. Liquefied natural gas can be used in a variety of ways in both residential and commercial settings. It can be used for cooking, generating electricity, heating homes, manufacturing products like medicines, fertilizers, and paints, and occasionally fueling commercial vehicles. LNG is an emerging fuel due to its cleanest burning nature as compared to diesel, petrol, and other fuels. Thus, L iquefied N atural G as is now being used as a fuel for commercial vehicles. CNG and LNG are considered alternative fuels under the Energy Policy Act of 1992. According to the United States Department of Energy (DOE), natural gas powers over 175,000 vehicles in the U.S. and roughly 23 million vehicles worldwide. Liquefied natural gas offers a greater energy density, for veh...

  Globalization has generated increased focus on international trade activities that has consequently generated substantial increase in spending for the development of transport facilities offering roads, railways, waterways, and airports. Among these, port infrastructure market is projected to witness highest gains through the forecast period (2019-2027), primarily owing to increasing proliferation of sea trade and major investments in infrastructural development in emerging economies of Asia Pacific and Middle East. Increase in government investments on Port I nfrastructures to make certain safe and efficient economic activities is expected to augment the global Port Infrastructure market. Moreover, development and requirement for shipment of export market for liquefied natural gas through sea transport is expected to donate to the increase in demand for the market. Besides, many industries be determined by sea shipments for importing or exporting goods across t...