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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