Methanol and LNG Ships See Strong Demand Across Container Segment

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  • There was a total order of 193 vessels capable of running on LNG or methanol in Q3 2024.
  • Container and car carrier segments lead the LNG vessel orders.
  • Methanol vessel orders saw notable activity, mainly in the container segment.

In the third quarter of 2024, global shipowners placed orders for 193 ships capable of running on LNG or methanol, according to data from the classification society DNV, reports PortNews.

Significant LNG Vessel Orders in July and August

July and August saw a busy period of LNG orders, with 53 new vessels ordered in July and 55 in August. It marked a strong uptick in LNG-powered ship demand.

Of the LNG-capable vessels ordered, 86 ships came from the container segment. The car carrier segment also experienced growth with 13 orders.

Methanol Vessel Orders Primarily in the Container Sector

A total of 49 new orders for methanol-powered ships were registered in Q3, with 39 of these coming from the container segment. It demonstrated continued interest in methanol as an alternative fuel.

Kristian Hammer was a senior consultant at DNV. He noted that following the strong activity in July and August, September saw a more modest rise in vessel orders.

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Source: PortNews