LNG Fueled Vessel Order Book Grows By 30


According to DNV’s Alternative Fuels Insight platform, 30 orders for LNG fuelled vessels were placed in May, but high LNG prices continue to impact bunkering activity. With the addition of contracts filed in May, the total order book for 2022 now stands at 151. DNV notes that the growth last month was principally driven by containerships and car carriers, reports Bunker Spot.

The total order book

The number of LNG-fuelled vessels on order and in operation is 805, with a further 229 vessels classed as LNG-ready.

Commenting on the latest monthly statistics, Martin Wold, Principal Consultant in DNV’s Maritime Advisory business, said: ‘With the pace of orders continuing, Q2 2022 is already the strongest quarter on record, despite only being two months in.

‘Current LNG bunkering activities remain very low, however. Though there is also some hope on the horizon that activity in the LNG bunker market could return as oil prices continue to stay high, at least temporarily.’

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Source: Bunker Spot


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