The figures for March from DNV’s Alternative Fuels Insight (AFI) platform show 10 total vessels with alternative fuels propulsion were ordered in March 2023.
Eight of those vessels were LNG-powered, with two hydrogen-fuelled small container ships with fuel cells also booked. There were no new orders for methanol vessels, said DNV.
Martin Wold, Principal Consultant in DNV’s Maritime Advisory business, commented: “March proved a slightly slower month for orders of alternative fuel vessel compared to February, though the growth in LNG orders continues at a steady pace. The standout news last month was the addition of two hydrogen powered vessels to the order books, showing the growing interest in H2 as fuel for short sea shipping.”
The figures for March reflect the broader trend in as far as LNG is the dominant alternative fuel for ships on the water and on order, with 894 total vessels comprising 379 built and 515 on order. The figures exclude LNC carriers.
Methanol was absent from the March orders list but there are 26 methanol-fuelled vessels in operation and a further 80 on order.
As DNV tracks the ramp up of interest and investment in alternative fuels, CEO Maritime at DNV Knut Ørbeck-Nilssen warned at CMA Shipping 2023 in March that new fuels will be late to the market and in short supply.
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