DNV reports another strong month for LNG-powered ship orders

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

Owners placed in total 21 orders for LNG-powered ships last month, according to DNV’s Alternative Fuels Insight platform. Compared to the record month of June, orders dropped by 12 vessels.

The year-to-date order count now reached 149 LNG-powered ships.

Speaking on the July orders, Martin Wold, principal consultant at DNV, said, “this is also the monthly average YTD so at this (continued) pace we would reach a staggering 250 new orders for LNG-fueled ships in 2021.”

In addition, he said that June was also a “milestone month” for methanol as fuel with four ships added, including the first non-methanol tanker newbuild.

The July orders include ten Seaspan’s 7,000 TEU LNG-powered container vessels which will go on charter to Zim but also orders by Stena RoRo, and Wallenius.

Moreover, the DNV platform shows that 213 LNG-powered ships are already in operation with 350 on order.

LNG-powered car and passenger ferries lead the way with 44 in operation, followed by 26 offshore supply ships, and 25 oil/chemical tankers.

As per vessels on order, LNG-powered containerships and crude oil tankers account for most of the orders with 72 and 57 units, respectively.

These statistics do not include smaller inland vessels such as GNG Ocean’s 50 LNG-powered bulkers that will work on the Pearl River in China’s Guangdong province.

Most Popular

Venture Global charters LNG carrier duo

Venture Global has executed two short-term charters for additional LNG tankers. The vessels were delivered in August and September 2024,...

Hudong-Zhonghua launches two LNG tankers

Chinese shipbuilder Hudong-Zhonghua has launched two 174,000-cbm liquefied natural gas (LNG) carriers. According to a statement by Hudong-Zhonghua, the launching...

Trio gets OK for $3.3 billion LNG-to-power deal in Philippines

According to separate statements by the firms, the Philippine Competition Commission (PCC) has approved the joint acquisition of two...

More News Like This

Monjasa in UAE LNG bunkering move

Monjasa said on Wednesday it introduces the UAE’s first dedicated LNG bunkering vessel, Green Zeebrugge. Previously known as Engie Zeebrugge,...

DNV says 23 LNG-powered vessels ordered in November

The latest figures from DNV’s platform show that 27 new orders for alternative-fueled vessels were placed last month. DNV said...

DNV: 66 LNG-powered vessels ordered in October

The latest figures from DNV’s platform show that a total of 97 new orders for alternative-fueled vessels were placed...

MAN will no longer offer ME-GA engine

Volkswagen’s MAN unveiled the ME-GA dual-fuel engine in March 2021, describing it as an Otto-cycle variant of the company’s...