Classification society DNV on Friday (2 September) said 13 LNG-fuelled vessels were added to DNV’s Alternative Fuels Insight (AFI) platform in August.
However, the increase on the database will only be 11 additional orders, as the electrification of the Norwegian ferry sector continues evidenced by two more ferries being retrofitted for pure battery operation and thus moved to another category.
“The total order figure for the year to date has therefore reached 173, with the last month seeing a mix of smaller and larger vessels ordered,” it noted.
Methanol growth also continues with an order for six large methanol fueled container vessels confirmed in August.
Commenting on the figures, Martin Wold, Principal Consultant in DNV’s Maritime Advisory business, said: “This month’s update is a perfect snapshot of the current alternative fuels trend, and clear evidence of the diversified fuel mix predicted. Electrification will continue to happen, where technically feasible – meaning for small ships and on short crossings. LNG remains the preferred low carbon solution, despite current gas pricing which we must assume will prevail for some time.”
“We are also witnessing the start of the diversification into methanol fuel on trades where there is sufficient confidence that supply can be made available on a reasonable time scale. For regional and international trading ships, LNG and methanol are likely to be the short- to mid-term preferences going forward.”
Related: DNV’s LNG order figures for July show steady increase with big deals in the pipeline
Related: DNV’s LNG order figures for June show a slowing down with bottleneck pressure building
Related: DNV: 30 more LNG-fuelled ship orders confirmed in May
Photo credit: DNV
Published: 5 September, 2022
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.