DNV says 14 LNG-powered ships ordered in September

Classification society DNV has added 14 more LNG dual-fuel ships to its Alternative Fuels Insight platform in September, mostly containerships, as the newbuild market remains slow.

According to Martin Wold, principal consultant at DNV, contract cancellations limited the net increase to six LNG-powered ships.

These cancelations include the four Seaspan’s 7,700-teu ships at K Shipbuilding.

“This last quarter was the slowest on record since the fourth quarter of 2020 with a net increase of 26 ships, which we attribute mainly to reduced newbuild contracting in general,” Wold said.

Besides LNG-fueled vessels, Wold said that methanol growth also continues with SAL Heavy Lift’s order for four methanol-fueled heavy lift ships for the offshore wind market.

“Total count for methanol-fueled ships now stands at 66 ships, with approximately 40 percent of that fleet also transporting methanol as cargo,” Wold said.

833 confirmed LNG-powered ships

According to DNV’s Alternative Fuels Insight platform, 321 LNG-powered ships are already in operation, while there are 512 LNG-fueled vessels on order.

Owners also placed orders for 229 LNG-ready vessels.

DNV says 14 LNG-powered ships ordered in September

LNG-powered car and passenger ferries continue to lead the way with 42 in operation. The operational fleet also includes 41 oil/chemical tankers, 40 containerships, and 40 crude oil tankers.

As per vessels on order, LNG-powered containerships account for a big part of the orders with 171 units. Owners also ordered 97 car carriers, 53 bulk carriers, and 49 crude oil carriers.

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

Besides LNG-powered and LNG-ready vessels, there are 39 bunkering vessels in operation and 18 on order, the platform shows.

Most Popular

BGN delivers its first LNG cargo to Germany, secures Egypt deal

Switzerland-based energy trader BGN has completed its first LNG delivery to Germany, while simultaneously securing a deal to supply Egypt with LNG.

Excelerate’s FSRU launched in South Korea

South Korean shipbuilder HD Hyundai Heavy Industries has launched Excelerate Energy’s new floating storage and regasification unit (FSRU).

Samsung Heavy wins contract for Eni’s Coral Norte FLNG

South Korean shipbuilder Samsung Heavy has secured a preliminary contract for Eni's second FLNG project in Mozambique, Coral Norte (Coral North), according to shipbuilding sources.

More News Like This

DNV: LNG remains fuel of choice

Liquefied natural gas (LNG) remains the clear fuel of choice for alternative-fueled vessel orders, with 87 new ships ordered, totaling 14.2 million gross tonnes so far in 2025, according to classification society DNV.

Cosco Shipping’s yards get DNV OK for FLNG concept

China's Cosco Shipping (Qidong) Offshore and Cosco Shipping Shipyard (Nantong), both part of Cosco Shipping, have received approvals from classification society DNV for their nearshore floating LNG production unit.

GTT develops new ethane containment tech

French LNG containment giant GTT has received approvals from classification society BV for its new cargo containment systems developed for ethane transport.

Hudong-Zhonghua gets DNV OK for new LNG carrier

Chinese shipbuilder Hudong-Zhonghua has received approvals from classification society DNV for three new vessel designs, including a liquefied natural gas (LNG) carrier.