Join our crew and become one of the 105,013 members that receive our newsletter.

lng bunkering rotterdam

The Gas Agility conducts LNG bunkering operations alongside the gas-powered CMA CGM Jacques Saad at the Port of Rotterdam. Photo courtesy CMA CGM

DNV: LNG and Methanol-Fueled Pipeline Continues to Expand

Mike Schuler
Total Views: 826
October 5, 2023

The pipeline of ships ordered with alternative fuel options continues to expand with LNG and methanol leading the charge.

A total of 21 LNG-fueled vessels were ordered in August, making it the second strongest month for LNG orders in over a year, according to the latest figures from DNV’s AFI platform.

Continued growth was seen in September, with eight LNG-fueled vessels added to the orderbook.

After a record month for methanol orders in July, there were no new orders in August. However, September saw a resurgence with 12 new methanol vessels in the orderbook.

In August and September, LNG-fueled containerships accounted for the majority of newbuilds, followed closely by car carriers and tankers. In the case of methanol, the container segment remains dominant. However, orders for methanol-fueled VLCCs and bulk carriers have also been placed.

“We are witnessing ongoing growth in vessel orders, with a strong pipeline for both LNG and methanol,” said Martin Wold, Principal Consultant in DNV’s Maritime Advisory business. “Additionally, interest in ammonia is steadily increasing. Although we have yet to see the first confirmed order for a seagoing ammonia-fueled ship, there is no doubt that the interest continues to grow, and the first order is getting closer.”

Monthly Insights from the Helm

Dive into a sea of information with our meticulously curated weekly “Dispatch” email. It’s more than just a newsletter; it’s your personal maritime briefing.

Sign Up
Back to Main
polygon icon polygon icon

Why Join gCaptain Club?

Be Informed: Stay updated with the latest maritime news and trends.

Connect: Network with a community of maritime professionals and enthusiasts.

Gain Insights: Receive exclusive content and personal perspectives from our CEO.

Sign Up


Maritime and offshore news trusted by our 105,013 members delivered daily straight to your inbox.

gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.