DNV: Alternative-Fuelled Orderbook Likely To Decrease

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Credit: dorian-mongel-5Rgr-unsplash

Latest figures from classification society DNV’  Alternative Fuels Insight (AFI) platform showed 19 vessels with alternative fuel propulsion were ordered in April, says an article published on Manifold time.

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Out of the total of 19 vessels, 10 were orders for LNG-fuelled vessels and nine for methanol powered vessels.

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Container orders

DNV said the growth was driven by tanker and container orders. So far this year, the total order figure for alternative fuel vessels stands at 63.

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Alternative fuel powered vessels

Martin Wold, Principal Consultant in DNV’s Maritime Advisory business, said: “It is great to see a growing diversification in orders for alternative fuel powered vessels and the methanol momentum continuing.”

“However, as newbuild orders are now turning more towards tankers and bulkers, it is likely that the overall share of alternative fuels in the orderbook decreases.”

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Source: Manifoldtimes