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Alternative Fuel Newbuilding Orders Strong in January

marinesalvage by marinesalvage
March 10, 2024
in News
0
Alternative Fuel Newbuilding Orders Strong in January
Source: DNV

Source: DNV

According to the newest figures from DNV’s AFI platform, it was one other sturdy month for different gasoline orders. This was led by methanol fueled ships, the place 23 new orders have been registered. Around 70% of those have been within the container section with the rest primarily made up of vessels within the bulk and RoRo segments.

LNG continues to characteristic strongly, with 10 extra LNG fueled ships added to the database. Car carriers and tankers made up the majority of those orders, adopted by RoPax. Twenty-four LNG ships have been delivered in January, representing a report quantity for the section, which has grown quickly in recent times. There at the moment are 493 LNG fueled ships in operation globally, representing development of over 100% in comparison with 2021.

Martin Wold, Principal Consultant in DNV’s Maritime Advisory enterprise, commented: “Strong new order activity continues to demonstrate a promising trajectory in the uptake of alternative fuel vessels. As the data shows, the orderbook for methanol fueled ships continues to grow rapidly. There are now 228 confirmed methanol-fueled ships on order, which will significantly expand the current global fleet of 29 over the coming years.

“Meanwhile, the LNG fleet has expanded to the point where we now observe a doubling of the number of LNG-fueled ships in operation between 2021 and 2024, bolstered by a record number of deliveries in January. Interest in ammonia is also on the rise, with two orders confirmed in January, and we expect this to continue to grow in the months and years ahead.”

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