30 new LNG-powered vessels ordered in May – DNV

The latest data from shipping classification society DNV shows that 30 new LNG-powered vessels have been ordered in May compared to 51 in April.

PHOTO: DNV data suggests that 237 LNG-fuelled vessels will be inducted next year. DNV

LNG-powered newbuild orders largely comprised containerships, car carriers, crude oil and chemical tankers.

LNG-powered vessels are already in operation across the world's continents. A disproportionate share of them is deployed in Europe, with 161 of 295 vessels, including 61 just in Norway.

The data indicate growing demand for LNG as bunker fuel, which is considered an easy means to reduce greenhouse gas emissions.

The shipping classification data also suggests that scrubber orders keep on rising in a boost to HSFO380 demand. 4,727 ships are expected to be fitted with scrubbers or have put in orders for scrubbers by the end of this year, up by 177 from last year.

Scrubber orders are mostly from bulk carriers, containerships, crude oil and chemical tankers.