DNV: October marks strongest month ever for alternative-fuelled newbuild orders
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by Admin
Latest figures from classification society DNV’s Alternative Fuels Insight (AFI) platform saw that a total of 97 new orders for alternative-fuelled vessels were placed in October 2024.
LNG was once again the biggest driver, building on its strong momentum since July with a total of 66 orders, the majority of these (58) coming from the container segment. Some 29 orders were also placed for methanol-fuelled vessels, with 20 of these coming from the bulker segment. This marks the strongest month for methanol-fuelled vessels so far in 2024.
Overall, a total of 464 new orders for alternative-fuelled vessels have been registered in the first 10 months of 2024, representing significant year-on-year growth of 46%.
Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “October marked the strongest month ever of new ordering for the alternative-fuelled fleet, maintaining the strong momentum that has been notable in the second half of 2024.
“The growth has clearly been led by LNG. Since July, 177 new orders for LNG-fuelled vessels have been placed, compared to 52 in the first six months of the year, primarily driven by an industry-wide uptick in activity from the container segment.
“Methanol is also demonstrating some resilience. With 162 orders for methanol-fuelled vessels placed in the first 10 months of the year, the total figure for 2023 has already been surpassed .”
Photo credit: DNV
Published: 6 November, 2024
