LNG fuelled vessel interest continues

Tuesday, 02 August 2022
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According to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform, nine LNG fuelled vessels were added to the worldwide orderbook in July, bringing the total to 162 for the year to date. 

So far this year, LNG fuelled vessels order growth was driven by containerships and car carriers, making up 51% and 25% of the orders, respectively.

Commenting on the figures, Martin Wold, Principal Consultant in DNV’s Maritime Advisory business, said: “Although the growth in orders has slowed down somewhat in line with the general newbuild ordering activity, there are several large orders in the pipeline.

“It is also encouraging to see some innovative pilot projects hitting the order books, including cruise ships run on liquid hydrogen powered fuel cells.

These types of projects are key to driving technology maturity and establishing safety frameworks, and to accelerating the de-carbonisation of shipping,” he said.

AFI provides the shipping industry with an open platform for evaluating the uptake of alternative fuels and technologies, DNV explained. 

Elsewhere, V.Group will be providing full technical management for three LNG dual-fuel newbuilding VLCCs currently under construction at Daewoo Shipbuilding & Marine Engineering (DSME) for tanker owner, International Seaways.

They will be joining V.Group’s fleet management in the first quarter of next year and will operate under a long term charter to Shell once delivered.

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