
The shipping industry is continuing its adoption of LNG fuelled propulsion as the current leader within the alternative fuel sector for new builds. According to the latest update from DNV in its Alternative Fuel Insight report, nine additional LNG fuelled vessels were ordered in July pushing the total orderbook above 500 vessels by 2028, which is approaching nearly two times the fleet of in-service LNG fuelled vessels.
DNV reports that there are currently 313 in-service vessels operating on LNG, mostly with dual-fuel engines. The number has grown rapidly over the last eight years compared for example to 2014 when there were just 50 LNG fuelled vessels in service. Continue reading “Momentum building for LNG fuelled vessels”