DNV reports new monthly record for LNG-powered ship orders

Classification society DNV says orders for LNG-powered ships hit a new record high in September following 31 orders in April.

Owners placed in total 35 orders for LNG-powered ships last month, four more compared to April when they logged a record as well, according to DNV’s Alternative Fuels Insight platform.

Compared to the previous month, orders rose by 23 vessels.

Martin Wold, principal consultant at DNV, said it was not only the LNG price setting records these days, but also orders for LNG-powered vessels.

He said nearly 200 LNG-powered ships have been ordered this year, “far majority of them in the deep sea segment.”

The September count includes orders by CMA CGM, Seaspan and Zim, K Line, Eastern Pacific Shipping, TEN and Equinor, Hartmann, Louis Dreyfus, and SeaRoad.

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

Looking at the global fleet, the DNV platform shows that 221 LNG-powered ships are already in operation with 389 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 85 and 59 units, respectively.

These statistics do not include smaller inland vessels.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Canada approves Ksi Lisims LNG project

According to a statement on Monday, Julie Dabrusin, Minister of Environment and Climate Change, issued her decision under the...

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

More News Like This

Eastern Pacific Shipping wraps up 450th LNG bunkering op

Singapore’s Eastern Pacific Shipping has completed its 450th ship-to-ship LNG bunkering operation as the company’s fleet of LNG-powered vessels continues to expand.

HD Hyundai Heavy, DNV to work on new LNG carrier design

South Korean shipbuilder HD Hyundai Heavy Industries has signed a memorandum of understanding with classification society DNV to collaborate on the development and verification of an optimized 200,000 cubic meter LNG carrier.

Hudong-Zhonghua gets approvals for new LNG bunkering vessel

Chinese shipbuilder Hudong-Zhonghua has received approvals from five classification societies for a 25,000-cbm LNG bunkering vessel design it jointly developed with French LNG containment specialist GTT.

Jiangnan gets OK for LNG carrier with type B tanks

China’s Jiangnan Shipyard has received approvals from classification societies ABS for a 175,000-cbm liquefied natural gas (LNG) carrier equipped with "Brilliance II" type B LNG tanks.