44 Pct Of Ships Ordered in H1 Are Alternatively Fueled

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Credit: evangelos-mpikakis-5i2F7avw8DI-unsplash

Green transition remains a central underlying driver for shipping markets, according to the latest review from Clarksons Research, which estimates that 44% of newbuild tonnage ordered in the first half of this year was alternative fueled, reports Offshore Energy.

Methanol Vs LNG

With 62 orders secured in the first six months of 2023, methanol continues to close in on LNG as a mainstream fuel, with the latter locking in the fuel choice in 86 orders.

The containership sector continues to lead the way with over 100 vessels on order, as confirmed by DNV’s data. This compares to 251 LNG-fueled containerships in operation and on order.

Some of the most recent orders from the sector backing methanol include Evergreen Marine’s latest contract for 24 methanol dual-fuel ships.

Maersk has also bolstered its fleet with a recent order for six 9,000 TEU vessels that will all have dual-fuel engines able to operate on green methanol and fuel oil. The ships are slated for delivery in 2026 and 2027.

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Source: Offshore Energy