DNV: another strong month for LNG-powered ship orders

Classification society DNV has reported another strong month in orders for LNG-powered vessels as owners look to slash emissions and costs.

Owners placed in total 31 orders for LNG-powered ships last month, according to DNV’s Alternative Fuels Insight platform. Compared to the record month of September, orders dropped by 4 vessels.

Martin Wold, principal consultant at DNV, said, “we saw orders across all the major ship segments and again car carriers lead the way; 12 new PCTCs.”

Four of these vessels are the ammonia-ready ships ordered by Hoegh Autoliners, he said.

The October count includes orders by Zodiac Maritime, Arab Maritime Petroleum Transport, J.P. Morgan, H-Line, Cido Shipping, SAIC Anji, Northern Lights JV, NS United Naiko Kaiun, Silversea Cruises, and Pasha Hawaii.

DNV another strong month for LNG-powered ship orders
Image: DNV

Looking at the global fleet, the DNV platform shows that 226 LNG-powered ships are already in operation with 409 on order.

LNG-powered car and passenger ferries lead the way with 41 in operation, followed by 26 offshore supply ships, and 26 oil/chemical tankers.

As per vessels on order, LNG-powered containerships and crude oil tankers account for most of the orders with 88 and 59 units, respectively.

These statistics do not include smaller inland vessels.

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

More News Like This

Samsung Heavy develops new FLNG concept

South Korean shipbuilding giant Samsung Heavy Industries has received approvals from three classification societies for its new multi-purpose FLNG concept.

DNV: 20 LNG-powered vessels booked in April

Classification society DNV added 20 LNG-powered ships to its Alternative Fuels Insight platform in April. According to DNV, there were 72 orders for LNG-powered vessels during the first four months of this year.

SAIC Anji welcomes another LNG-powered PCTC into its fleet

China’s Jiangnan Shipyard has delivered another LNG-powered pure car and truck carrier to compatriot SAIC Anji Logistics.

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