DNV: 10 LNG-powered vessels ordered in April

Classification society DNV has added 10 LNG-powered ships and 9 methanol-fueled vessels to its Alternative Fuels Insight platform last month.

According to DNV, the growth was driven by tanker and container orders.

So far this year the total order figure for alternative fuel vessels stands at 63.

“It is great to see a growing diversification in orders for alternative fuel powered vessels and the methanol momentum continuing,” Martin Wold, principal consultant in DNV’s maritime advisory business, said.

“However, as newbuild orders are now turning more towards tankers and bulkers, it is likely that that the overall share of alternative fuels in the orderbook decreases,” he said.

These 10 vessels in April include the orders by Greece’s Maran Tankers and Capital in China.

The first quarter of this year has been slow for LNG-powered newbuild orders after a record 2022 with 222 orders.

In January, DNV reported no orders for LNG-powered vessels, while there were 10 LNG dual-fuel ships ordered in February and 8 in March.

388 LNG-powered ships in operation

DNV’s platform shows that 388 LNG-powered ships are already in operation, while owners placed orders for 516 LNG-fueled vessels.

LNG-powered crude oil tankers lead the way with 56 in operation, followed by 47 containerships, 45 oil/chemical tankers, and 44 car and passenger ferries.

As per vessels on order, LNG-powered containerships account for a big part of the orders with 187 units. Owners also ordered 121 car carriers, 43 oil and chemical tankers, 41 crude oil tankers, and 40 bulk carriers.

These statistics do not include smaller inland vessels or dual-fuel LNG carriers.

43 LNG bunkering vessels and 180 LPG-powered ships

Besides LNG-powered vessels, there are 43 LNG bunkering vessels in operation and 21 on order, the platform shows.

In addition to 904 confirmed LNG-powered ships, the fleet powered by alternative fuels also includes 180 LPG-powered ships, 115 methanol-fueled vessels, and 27 hydrogen-fueled vessels, according to the platform.

Most Popular

Woodside issues Louisiana LNG construction update

In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share....

Trump lifts pause on non-FTA LNG export approvals

Trump issued the executive order, which was widely expected, just hours after officially taking over his second four-year term...

YPF, Indian firms ink Argentina LNG deal

According to a statement by YPF, the firm signed the MoU with GAIL, Oil India, and ONGC Videsh...

More News Like This

DNV: LNG-powered ship orders rose 103 percent in 2024

The latest data from DNV’s Alternative Fuels Insights (AFI) platform shows that a total of 515 alternative-fueled vessels were...

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...