DNV reports new monthly record for LNG-powered vessel orders

Classification society DNV says orders for LNG-powered ships hit a new record high in April following 21 orders in the month before.

Owners placed in total 31 orders for LNG-powered ships in April, ten more compared to the prior month when they logged a record as well, according to DNV’s Alternative Fuels Insight platform.

“That brings the year-to-date order count to 80 ships, with majority being large vessels trading globally. That’s nearly 20 percent of the orders YTD with LNG fuel,” Martin Wold, principal consultant at DNV, said.

The April orders include CMA CGM’s twelve LNG-powered containerships but also orders by Eastern Pacific Shipping and H-Line for Rio Tinto charter, TT-Line, and SFL Corporation.

DNV reports new monthly record for LNG-powered vessel orders
Image: DNV

The DNV platform shows that 199 LNG-powered ships are already in operation with 295 on order.

LNG-powered car and passenger ferries lead the way with 43 in operation, followed by 25 offshore supply ships, and 20 oil/chemical tankers.

As per vessels on order, LNG-powered containerships and crude oil tankers account for most of the orders with 59 and 58 units, respectively.

Most Popular

Shell wraps up acquisition of Pavilion Energy

UK-based LNG giant Shell has completed its previously announced acquisition of Singapore's Pavilion Energy.

India’s ONGC approves Mozambique LNG investment

India’s state-run ONGC has approved an investment by its unit, ONGC Videsh, into the TotalEnergies-led Mozambique LNG joint venture, which is developing a 12.8 mtpa liquefaction plant at the Afungi complex.

Australia’s Viva Energy seeks FSRU for Geelong project

Australia’s Viva Energy is looking to secure a floating storage and regasification Unit (FSRU) for its proposed LNG import terminal in Geelong, Australia.

More News Like This

DNV says seven LNG-powered vessels booked in March

Classification society DNV added seven LNG-powered ships, all container vessels, to its Alternative Fuels Insight platform in March. DNV also said that there were 12 orders for methanol-powered vessels and two for ammonia-powered vessels last month

EPS adds new LNG-powered PCTC to its fleet

Singapore’s Eastern Pacific Shipping took delivery of another LNG-fueled pure car and truck carrier in China.

EPS, DongHwa Entec in LNG fuel move

Singapore-based Eastern Pacific Shipping and South Korean equipment supplier DongHwa Entec have joined forces on the development of a high-pressure compressor for LNG-powered vessels.

CMA CGM’s LNG-powered giant nears delivery in China

CMA CGM's first in a new series of 23,000-teu LNG dual-fuel containerships has completed its trials, according to Chinese shipbuilder Hudong-Zhonghua.