DNV: Methanol-fuelled vessel orderbook picks up again in Sep after no orders in Aug
- Published
by Admin
Latest figures from DNV’s Alternative Fuels Insight (AFI) platform showed a total of 21 LNG alternative fuelled vessels were added to the database in August.
It was the second strongest month for LNG orders in over a year, according to DNV.
According to the data, September saw continued growth with eight LNG fuelled vessels in the orderbook.
“After a record month for methanol orders in July, August saw no new orders. However, things picked up again in September with 12 new methanol vessels in the orderbook,” DNV said.
LNG container vessels represent the larger share of newbuilds in August and September with car carriers and tankers not far behind. For methanol, the container segment continues to be dominant. However, the first methanol fuelled VLCC has been ordered as well as a few orders for methanol fuelled bulk carriers.
Martin Wold, Principal Consultant in DNV’s Maritime Advisory business, commented: “We see a continuing growth of vessel orders with a strong pipeline for both LNG and methanol. In addition, the interest in ammonia keeps building. Even if we have yet to see the first firm order for a seagoing ammonia fuelled ship there is no doubt the interest keeps increasing, and the first order is inching closer.”
Photo credit: DNV
Published: 5 October, 2023
