- SEA-LNG reports record LNG vessel growth in 2024, with over 33% increase.
- LNG dual-fuel vessels account for 70% of alternative fuel tonnage ordered.
- LNG bunkering is expanding, with 198 ports offering services, and 78 more planned.
- Liquefied biomethane supports decarbonization, with e-methane expected in 2026.
- SEA-LNG highlights progress in eliminating methane slip and the role of LNG in achieving net-zero emissions by 2050.
SEA-LNG’s ‘View from the Bridge’ report reveals that 2024 marked another year of significant growth for the LNG pathway. Over 33% more LNG-fuelled vessels were added, bringing the global fleet to 638 vessels. By 2028, the number of LNG-fuelled vessels is projected to exceed 1,200. LNG dual-fuelled vessels now account for 70% of the alternative fuelled tonnage ordered, a substantial increase from 43% in 2023.
Expansion of LNG Bunkering Infrastructure
As LNG adoption grows, so does the infrastructure to support it. Currently, LNG bunkers are accessible in 198 ports worldwide, and additional bunkering facilities are being developed in 78 more locations. The number of LNG bunkering vessels has also grown by 22%, with over 60 now in operation, further facilitating the widespread use of LNG as a marine fuel.
Biomethane and E-Methane: Key to Decarbonisation
The 2024 report highlights a significant development in decarbonisation with liquefied biomethane. SEA-LNG members are preparing to offer biomethane bunkers at over 70 ports globally, with operations already underway in several locations. A milestone was achieved with the first successful biomethane bunkering pilot in the Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC), marking the first practical delivery within an international Green Corridor.
LNG’s Role in Shipping’s Decarbonisation Future
Peter Keller, Chairman of SEA-LNG, underscored LNG’s essential role in the transition to net-zero emissions by 2050. He emphasized that LNG, along with other fuels, will play a pivotal role in meeting the shipping industry’s decarbonisation goals. With continuous technological advancements to reduce methane slip and stringent global regulations, LNG is seen as a sustainable and viable fuel option for the maritime sector’s future.
Future Compliance with FuelEU Maritime
SEA-LNG’s analysis indicates that the FuelEU Maritime regulation will support LNG’s role in decarbonisation. LNG-fuelled vessels can achieve up to a 23% reduction in greenhouse gas emissions, with compliance assured until 2039. By incorporating liquefied biomethane and e-methane, vessels will remain compliant well into 2050 and beyond.
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Source: SEA-LNG
