LNG-capable vessel orders dominate in February – DNV

Orders for alternative-fuelled vessels rose from 12 in January to 34 in February, DNV’s senior consultant, Kristian Hammer, said in a social media statement.

CHART: Alternative-fuelled vessel order landscape in February 2025. ENGINE, DNV

In February, 33 of these orders were for LNG-capable vessels, Hammer added.

There are now 689 LNG-capable vessels in operation and another 631 on order for delivery towards 2033, according to DNV’s database.

“Crucially, we are also seeing parallel growth in the LNG bunkering space which is going to be increasingly important as the number of LNG-fuelled vessels in operation surges over the next few years,” Hammer noted.

According to Hammer, eight new orders were placed for LNG bunker vessels in February, marking a 50% increase in the LNG bunker vessel orderbook. There are currently 65 LNG bunker vessels in operation, with another 24 on order for delivery through 2028.

Methanol-capable vessel orders stagnate

DNV's database shows that no methanol-capable vessels were ordered in February. The global fleet of methanol-capable vessels remains at 50, with orders for delivery through 2030 unchanged from last month at 338.

An additional ammonia-capable tugboat has entered operation since last month, bringing the total number of ammonia-capable vessels in operation to three. Another 31 are on order, with deliveries scheduled through 2028, according to DNV's database.

By Konica Bhatt

Please get in touch with comments or additional info to news@engine.online