DNV: orders for LNG-powered ships surged in 2021

Classification society DNV said that owners placed a record number of orders for LNG-powered ships in 2021 as they look to slash emissions and costs.

This is despite sky-high LNG bunkering prices in the second half of this year and a very slow end to the year with only two LNG-fueled ships ordered in December, according to DNV’s Alternative Fuels Insight platform.

September still holds the record with 35 orders for LNG-powered vessels.

“The 2021 count ended at a net increase of 240 ships, more than the previous four years combined,” Martin Wold, principal consultant at DNV, said.

Wold said that the ships contracted in 2021 had added more than 3 mtpa to global LNG bunkering demand.

The DNV platform shows that 251 LNG-powered ships are already in operation with 403 on order.

LNG-powered car and passenger ferries continue to lead the way with 43 in operation, followed by 30 offshore supply ships, and 30 oil/chemical tankers. There are now 28 LNG-powered containerships and 25 crude oil tankers in operation as well.

As per vessels on order, LNG-powered containerships and car carriers account for a big part of the orders with 98 and 56 units, respectively. Owners also ordered 55 LNG-powered crude oil tankers and 49 bulk carriers.

These statistics do not include smaller inland vessels.

- Advertisements -

Most Popular

Aramco to buy stake in EIG’s LNG unit MidOcean Energy

Energy behemoth Saudi Aramco has agreed to buy a minority stake in MidOcean Energy, the LNG unit of US-based...

TotalEnergies CEO: LNG driving growth

TotalEnergies will continue to grow its LNG business as the demand for the fuel rises due to the transition...

Pakistan launches tender for two spot LNG cargoes

State-owned Pakistan LNG has released a tender inviting firms to submit bids for two spot shipments for delivery in...

More News Like This

Hudong-Zhonghua develops giant LNG carrier

Chinese shipbuilder Hudong-Zhonghua has received approvals in principle from classification societies for what it says is the world's largest...

Saipem’s Moss Maritime secures DNV OK for LH2 containment system

Saipem's unit Moss Maritime has won an approval in principle from classification society DNV for a liquefied hydrogen (LH2)...

DNV says 21 LNG-powered vessels ordered in August

Classification society DNV has added 21 LNG-powered ships to its Alternative Fuels Insight platform in August, seven ships more...

DNV: 14 LNG-powered vessels ordered in July

Classification society DNV has added 14 LNG-powered ships to its Alternative Fuels Insight platform in July. Including 15 retrofits,...