Good start to the year for methanol-fuelled vessel orders - DNV

Classification society’s DNV latest tally shows that there are now 257 confirmed methanol-fuelled vessels in operation and on order, up from 234 in December.

PHOTO: Waterfront Shipping's methanol-fuelled Savonetta Sun. Waterfront Shipping

The methanol vessel orderbook continues to grow at a high pace. 23 methanol-fuelled vessels were added to DNV's database in January, DNV's principal consultant Martin Christian Wold said in a social media post. This is considerably higher than the four vessels ordered in each of November and December.

The largest share of newbuild orders for methanol-fuelled are container ships (169), followed by tankers (39), bulk carriers (17) and car carriers (10), according to DNV's latest update.

Two ammonia-fuelled vessels were ordered in January, marking the first orders since October last year. There are currently 13 confirmed ammonia-fuelled vessel orders scheduled for deliveries towards 2026, of which eight are bulk carriers, three are gas tankers and two are tugboats.

Meanwhile, 10 LNG-fuelled vessels were ordered in January, up from four in December.

By Tuhin Roy

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