LNG drives February orders while methanol and ammonia stall – DNV

DNV’s alternative fuels database recorded 17 new alternative fuel vessel orders in February, said Kristian Hammer, senior consultant at DNV.

LNG accounted for 14 of the 17 new orders, “continuing a pattern we’ve seen build steadily over the past two years,” Hammer said.

The database now shows 678 LNG-capable vessels on order for delivery through to 2033 and another 915 currently in operation.

February also saw three new LPG-capable vessel orders, matching January’s level. DNV’s data shows 145 LPG-capable vessels in operation and 89 on order for delivery through 2028.

No new methanol- or ammonia-capable vessels were ordered during the month.

The operational methanol fleet has grown to 118 vessels, while ammonia-capable vessels in operation remain at three.

The orderbook stands at 333 methanol-capable and 42 ammonia-capable vessels, with deliveries scheduled through 2030.

By Konica Bhatt

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