LNG’s Banner Year: Record Surge in LNG-Fueled Ships Marks 2024 as a Turning Point

The maritime industry’s transition to cleaner fuels reached a significant milestone in 2024, with the adoption of LNG-fueled vessels experiencing unprecedented growth.

According to SEA-LNG’s annual ‘View from the Bridge’ report, the global fleet of LNG-powered vessels surged by more than 33% to reach 638 vessels in operation, with projections indicating further expansion to over 1,200 vessels by 2028.

The shift toward LNG has been particularly dramatic in new vessel orders. LNG-powered vessels dominated alternative fuel choices in 2024, representing 70% of all alternative-fuel tonnage orders, excluding LNG carriers. This marks a substantial increase from 43% in 2023.

Supporting this growth is a rapidly expanding global infrastructure network. Currently,…