Box Ship Sector Fuels Growth in LNG and Methanol Orders

210
Credit: Julius Silver/Pexels

According to DNV’s most recent Alternative Fuels Insight (AFI), orders for LNG container ships are still in the lead. Methanol newbuild orders are also far ahead of those for other ship types, as reported by Riviera.

Tanker and container ship sectors

The box ship sector accounts for a significant portion of the 115 confirmed methanol ships, with 76 methanol dual-fuel ships on order.

Across all sectors, there are currently 904 confirmed LNG-fueled ships, including both existing fleets and orders.

In April, 19 vessels with alternative-fuel propulsion were ordered, with 10 being LNG-driven and nine methanol-powered. The growth in orders was primarily driven by the tanker and container ship sectors.

So far this year, a total of 63 alternative-fuel vessels have been ordered.

While the momentum for methanol-powered vessels is continuing, newbuild orders are shifting towards tankers and bulkers, potentially reducing the overall share of alternative fuels in the orderbook, according to Martin Wold, DNV Maritime Advisory business principal consultant.

 

Did you subscribe to our newsletter?

It’s free! Click here to subscribe!

Source: Riviera