LNG dominates alt-fuel vessel orders in October – DNV
LNG accounted for 26 of the 30 alternative fuel vessel orders recorded in October, according to Kristian Hammer, senior consultant at DNV.
CHART: Alternative fuel vessel order landscape, October 2025. Source: ENGINE, DNV.
The remaining four orders were for methanol-capable vessels, up from no orders in the previous month.
There are currently 819 LNG-capable vessels and 86 methanol-capable vessels in operation. Another 628 LNG-capable and 359 methanol-capable vessels are on order for delivery through 2033.
No new orders were placed for LPG- and ammonia-capable vessels in October. There are now three ammonia-capable vessels in operation and another 43 on order towards 2029.
A total of 222 alternative-fuel vessel orders has been placed so far in 2025. This represents a steep 52% drop from 2024, which Hammer attributed to a “softer overall newbuild market.”
LNG continues to dominate this year’s order profile with 147 orders to date. This is followed by methanol, according to DNV’s database.
Four LNG bunker vessel orders were placed in October, bringing the total orders so far this year to 21.
There are now 62 LNG bunker vessels in operation and another 38 on order for delivery through to 2028.
“Two orders for bunker vessels capable of supplying methanol and biofuels were also placed, supporting the steadily growing methanol-fuelled fleet and demand for biofuel,” Hammer added.
By Konica Bhatt
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