Alt-fuel vessels see sluggish start to 2025 – DNV

There were only 12 orders for alternative-fuel vessels in January, DNV’s senior consultant, Kristian Hammer, said in a social media statement.

CHART: Alternative-fuelled vessel order landscape in January 2025. ENGINE, DNV

All of the new orders in January were for LNG-capable vessels, Hammer added.

There are now a total of 657 LNG-capable vessels currently in operation and another 628 on order for delivery towards 2033, according to DNV’s database.

For other alternative fuels, the numbers remain significantly lower. Currently, 50 methanol-capable vessels are in operation and another 338 are on order for delivery through 2030.

Two ammonia-capable vessels are currently in operation. This includes a tugboat retrofitted with ammonia cracking technology and an offshore supply vessel retrofitted to run on ammonia.

Another 31 ammonia-capable vessels are on order, with deliveries scheduled towards 2028, according to DNV's database.

By Konica Bhatt

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