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Alternative-fuel ship orders rise in September: DNV

  • Mercados: Natural gas, Oil products
  • 01/10/25

New alternative-fuelled ship orders totalled 14 in September, after none in August, Norwegian classification agency DNV said.

Of September's orders, 12 were for LNG-fuelled vessels — six containerships, four bulk carriers, and two in the cruise segment. The other two were for LPG carriers.

All the orders are dual-fuel.

So far in 2025, 192 new orders for alternative-fuelled vessels were placed, down by 48pc compared with the same period in 2024. Of the 2025 orders, 121 are LNG-fuelled vessels. These are followed by methanol-fuelled ships (43), LPG carriers (19), ammonia-fuelled vessels (5), and hydrogen-fuelled ships (4), DNV said.

The container segment is still dominant, accounting for 63pc of the 192 new orders.

DNV forecasts the fleet of alternative-fuelled vessels could almost double by 2028 from 2024. Big shipowners, like Shell and Danish shipping company AP Moller-Maersk, have been investing in alternative-fuelled vessels to comply with international greenhouse gas (GHG) emissions regulations, like FuelEU and the International Maritime Organization (IMO) net-zero framework.

But operators may be waiting for certain decisions, like the IMO's GHG levy proposal vote in October.

"Uncertainties around the IMO's Net-Zero Framework, including lifecycle assessment factors for certain fuels, are prompting many owners to adopt a 'wait and see' approach to new orders," said DNV Maritime global decarbonisation director Jason Stefanatos. "It is, therefore, essential that the industry receives greater regulatory clarity in the coming months."


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