As Martin Christian Wold, Principal Consultant, DNV, reports, the demand for alternative fuels remains on an upward trajectory, as evidenced by the increasing number of orders being placed.
According to Wold, in August, DNV – Maritime’s AFI database saw the inclusion of an additional 21 ships powered by liquefied natural gas (LNG). This notable increase in LNG-fueled vessels marks the second most robust month for LNG bunkering in over a year.
In a promising development, the month of September witnessed a sustained growth trajectory as orders for an additional eight liquefied natural gas (LNG) fueled ships were placed, Wold adds.
Apart from orders, the development of LNG bunkering facilities is also gaining significant popularity. For instance, in late September, Seapath and Pilot LNG announced that they have formed a joint venture (JV) to develop, construct, and operate the first dedicated liquefied natural gas (LNG) bunkering facility in the Galveston Bay area.
Additionally, General Authority For Suez Canal Economic Zone (SCZONE) recently met with Shell officials, during its roadshow tour to the Netherlands, to discuss the development of alternative fuels bunkering.
While July set a new record for methanol orders, August presented a contrasting scenario. However, the month of September witnessed a resurgence in orders, as an additional 12 ships powered by methanol were confirmed.
