Entering 2025, the prospects for LNG as a marine fuel appear a bit brighter than the previous year thanks to an expanding demand. The global orderbook for this propulsion has found new buoyancy in 2024 after retrenching somewhat in 2023. DNV assessed the jump at 103 percent from the previous year for a total of 264 vessels. Some eight percent of the newbuilds on order opted for LNG propulsion, while alternative fuelled ships represented 50 percent of all new orders placed in 2024 according to Clarksons. The LNG-fuelled fleet reached 1,248 units, accounting for 84 percent of the overall dual-fuelled fleet, which itself now represents 7.4 percent of the global fleet.
Some of the main global hubs reached new records for LNG bunkering during the year. Preliminary data for Singapore highlighted a total of 1,096,807 cbm (463,948 mt). In Rotterdam, a tally of the first three quarters suggests sales upwards of 639,848 cbm for the year. Shang…
CONTINUE READING THE ARTICLE FROM The Maritime Executive HERE
Comments are closed, but trackbacks and pingbacks are open.