DNV says 83 LNG-powered ships ordered in Q2

Classification society DNV said that owners have placed orders for record 83 LNG-powered vessels in the second quarter of this year.

“Despite very slow growth towards the end of the quarter, the second quarter stands out as the strongest-ever quarter for LNG newbuilds contracting with 83 vessels added,” Martin Wold, principal consultant at DNV, said.

He said that DNV has added six vessels in June to its Alternative Fuels Insight platform, but due to an adjustment of a previously reported container vessel order, the net growth last month stopped at only two additional vessels.

“However, the pipeline is piling up with LOIs and rumors of numerous container vessel and car carrier orders, so the LNG bunkering market is likely to experience a bit of “ketchup-bottle effect” over the next few months,” Wold said.

The June count includes orders by Utkilen and Navios Partners.

To remind, owners placed in total 30 orders for LNG-powered ships in May. This followed record 51 ships in April.

807 confirmed LNG-powered ships

According to the DNV platform, 303 LNG-powered ships are already in operation, while there are 504 LNG-fueled vessels on order.

Owners also placed orders for 229 LNG-ready vessels.

LNG-powered car and passenger ferries continue to lead the way with 46 in operation. The operational fleet also includes 39 oil/chemical tankers, 36 containerships, and 34 offshore supply ships.

As per vessels on order, LNG-powered containerships account for a big part of the orders with 169 units. Owners also ordered 94 car carriers, 54 crude oil carriers, and 49 bulk carriers.

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

Besides LNG-powered and LNG-ready vessels, there are 38 bunkering vessels in operation and 18 on order, the platform shows.

Most Popular

Venture Global gets FERC OK to boost Calcasieu Pass LNG capacity

US LNG exporter Venture Global LNG has received approval from the US FERC to increase the peak liquefaction capacity of its Calcasieu Pass LNG terminal in Louisiana.

Deutsche ReGas, German government reach deal on FSRU charter termination

LNG terminal operator Deutsche ReGas and Germany's Ministry for Economic Affairs and Energy have reached a mutual agreement on resolving the sub-charter agreement for the 174,000-cubic-meter FSRU Energos Power.

GasLog, Jiangnan ink LoI for LNG carrier duo

China’s Jiangnan Shipyard has signed a letter of intent with Greek LNG shipping firm GasLog to build two liquefied natural gas (LNG) carriers, according to shipbuilding sources.

More News Like This

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.

Samsung Heavy develops new FLNG concept

South Korean shipbuilding giant Samsung Heavy Industries has received approvals from three classification societies for its new multi-purpose FLNG concept.