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DNV: Eight new vessels with alternative fuel propulsion ordered for RoRo segment

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‘While November's performance may not have matched the volume of previous months, the overall enthusiasm and promising trajectory remain for both LNG and methanol,’ says Martin Wold of DNV.
DNV: Eight new vessels with alternative fuel propulsion ordered for RoRo segment

Latest figures from DNV’s Alternative Fuels Insight (AFI) platform in November saw a total of eight new vessels with alternative fuel propulsion ordered.

Among these, four were for LNG-powered ships, while the remaining four were methanol-powered. All eight orders were within the RoRo and car carrier segment.

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So far this year, the platform has logged 268 new orders for alternative fuel vessels, including 112 LNG- and 152 methanol-powered ships. June and July saw the most activity related to LNG with 47 new orders combined, whereas July propelled methanol-powered vessels across the 200 ships mark with 48 new orders.

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Screenshot 2023 12 05 at 2.52.10 PM
Screenshot 2023 12 05 at 2.52.10 PM

Martin Wold, Principal Consultant in DNV’s Maritime Advisory business, said: “While November’s performance may not have matched the volume of previous months, the overall enthusiasm and promising trajectory remain for both LNG and methanol. The same goes for ammonia…”

“…In general, the pipeline for both announced and unannounced projects remains strong, indicating that the pace will pick up again. However, it’s worth noting that the momentum we see in the tanker and bulk segments continues to experience a more gradual acceleration.”

Photo credit: DNV
Published: 5 December, 2023