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DNV: Orders for alternative fuel vessels slows down in March

05 Apr 2023

Latest figures from DNV’s Alternative  Fuels Insight (AFI) platform showed orders for alternative fuelled vessels in March slowing down slightly compared to February. 

March saw 10 vessels with alternative fuels propulsion were ordered in March 2023, eight of which were for LNG driven vessels. There were no new methanol orders, but the month saw an order for two hydrogen fuelled container feeders with fuel cells.  

Martin Wold, Principal Consultant in DNV’s Maritime Advisory business, commented:  “March proved a slightly slower month for orders of alternative fuelled vessels compared to February, though the growth in LNG orders continues at a steady pace.”

“The standout news last month was the addition of two hydrogen powered vessels to the order books, showing the growing interest in H2 as fuel for short sea shipping.”  

“We are excited to have recently upgraded our AFI platform including new fuel types, improved fuel price monitoring, and a crowdsourcing feature to gain input from its users. By opening up the platform we aim to encourage collaboration and data transparency and ultimately support the industry in achieving cleaner, green shipping,” Wold added. 

Related: DNV upgrades AFI platform with new bunker fuel types and improved price monitoring
Related: DNV Alternative Fuels Insight shows ‘significant’ orders for alternative fuel vessels in February
Related: DNV: No new confirmed orders for LNG-fuelled ships in January
Related: DNV: LNG fueled ships led total 2022 orders for ships with alternative bunker fuels
Related: DNV: Container vessels and car carriers constitute two thirds of new LNG-fuelled vessel orders


Photo credit: DNV
Published: 5 April, 2023

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