According to the current numbers from DNV’s Alternative Fuels Insight (AFI) system, 19 vessels with alternate gas propulsion were bought in May – 7 for LNG as well as 12 for methanol.
This brings the year-to-date overall for alternate gas vessels to 73.
Martin Wold, Principal Consultant in DNV’s Maritime Advisory company, commented: “In May container vessels and car carriers continued to dominate the orders for ships equipped to use alternative fuels. Following the normalisation of gas prices, the LNG bunkering market has now returned to full strength, and we see a potential shortage of LNG bunker vessel capacity from 2025, and for some locations and periods this may occur even sooner.”
Korea Bizwire reports that competitors is warming up in between South Korean as well as Chinese shipbuilders, with Chinese backyards apparently providing costs around 20% less than their Korean opponents. Chinese shipyards are likewise providing much shorter distribution times than hectic Korean shipyards. “So far, a total of 81 methanol-powered ships have been ordered worldwide, with Korea securing orders for 45 and China for 36,” reported the information electrical outlet on May 29.
