DNV reports new monthly record for LNG-powered vessel orders

Classification society DNV says orders for LNG-powered ships hit a new record high in April following 21 orders in the month before.

Owners placed in total 31 orders for LNG-powered ships in April, ten more compared to the prior month when they logged a record as well, according to DNV’s Alternative Fuels Insight platform.

“That brings the year-to-date order count to 80 ships, with majority being large vessels trading globally. That’s nearly 20 percent of the orders YTD with LNG fuel,” Martin Wold, principal consultant at DNV, said.

The April orders include CMA CGM’s twelve LNG-powered containerships but also orders by Eastern Pacific Shipping and H-Line for Rio Tinto charter, TT-Line, and SFL Corporation.

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

The DNV platform shows that 199 LNG-powered ships are already in operation with 295 on order.

LNG-powered car and passenger ferries lead the way with 43 in operation, followed by 25 offshore supply ships, and 20 oil/chemical tankers.

As per vessels on order, LNG-powered containerships and crude oil tankers account for most of the orders with 59 and 58 units, respectively.

Most Popular

Atlantic LNG shipping rates down, Pacific rates climb

Atlantic spot LNG shipping rates dropped this week, while Pacific rates rose compared to the week before, according to Spark Commodities.

Cheniere nears launch of seventh Corpus Christi expansion train

US LNG exporter Cheniere is close to launching the seventh and final train of the Corpus Christi Stage 3 expansion project in Texas.

Vietnam’s Cai Mep LNG terminal starts gas deliveries to Phu My power complex

Nebula Energy’s AG&P LNG has started delivering natural gas from Vietnam's Cai Mep liquefied natural gas (LNG) import terminal to the 900 MW Phu My 2.1 and 2.1E power plants operated by EVNGENCO3.
spot_img

More News Like This

DNV says 10 LNG-powered vessels booked in June

Classification society DNV said 15 new orders for alternative-fueled vessels were placed in June, including 10 LNG-powered ships.

CMA CGM, CCEC order LNG bunkering vessel in China

Greece's Capital Clean Energy Carriers (CCEC) and France's CMA CGM have ordered one LNG bunkering vessel from Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering. Upon delivery in 2028, the vessel will serve a long-term charter deal with a joint venture of TotalEnergies and CMA CGM.

EPS seals refinancing deal for CoolCo LNG carriers

Singapore-based Eastern Pacific Shipping has signed a syndicated financing transaction for eleven liquefied natural gas (LNG) carriers owned by its unit CoolCo.

DNV says 8 LNG-powered vessels booked in May

Classification society DNV said 36 new orders for alternative-fueled vessels were placed in May, including 8 LNG-powered ships.