DNV: Methanol-powered vessel orders continues to surpass LNG-fuelled ship orders in June
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by Admin
Latest figures from DNV’s Alternative Fuels Insight (AFI) platform showed 55 vessels with alternative fuel propulsion were ordered in June, with orders for methanol-fuelled vessels continuing its lead over LNG-fuelled ships from May.
Of these 55 vessels, 26 were orders for LNG-fuelled vessels and 29 for methanol powered vessels (including retrofits). So far this year the total order figure for alternative fuel vessels stands at 128. The container segment continues to be the main driver of growth in orders for alternative fuel vessels.
Container vessels constituted almost half on the LNG fuelled ships ordered last month, bringing the total count for LNG fuelled container vessels past the 250 mark. For methanol, container vessels made up nearly 80% of the new orders, bringing the total count of methanol fuelled container vessels past the 100 mark.
Martin Wold, Principal Consultant in DNV’s Maritime Advisory business, said: “June saw the first order for a methanol driven vessel within the tanker segment that was not a methanol carrier. We now have methanol fuelled ships in the pipeline for most main segments but when excluding methanol carriers, containers make up more than 80% of the entire confirmed fleet of methanol fuelled ships. Measuring by future fuel demand, that share rises to well over 90%.”
“We continue to see a strong pipeline for orders of both LNG and Methanol fuelled vessels.”
Manifold Times previously reported DNV’s AFI platform showing 19 vessels with alternative fuel propulsion were ordered in May with orders of methanol-fuelled ships surpassing LNG-fuelled vessels.
Related: DNV: Methanol-powered vessel orders surpass LNG in May
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Photo credit: DNV
Published: 5 July, 2023
