AsiaEuropeLNG as Fuel

Greek and German firms place orders for LNG-powered vessels in China and Korea

By LNG Prime Staff
Greek and German firms place orders for LNG-powered vessels in China and Korea
For illustration only (Image: GSI)

Two Greek firms and one German owner recently ordered LNG-duel fuel containerships and tankers at yards in China and South Korea, according to brokers.

Reports by Intermodal and other brokers suggest that Greece’s Sun Enterprises and TMS Group and Germany’s Peter Dohle ordered LNG dual-fuel vessels.

Sun Enterprises placed an order for two 158,000-dwt LNG dual-fuel tankers at South Korea’s DH Shipbuilding.

This deal is said to be worth $90.5 million per ship, and the vessels are scheduled for delivery in 2027.

Moreover, Peter Dohle booked three 8,400-teu container vessels at China’s Guangzhou Shipyard International (GSI). This deal also includes two optional vessels.

Peter Dohle will reportedly pay $125 million per ship, and the vessels are scheduled for delivery in 2027-2028.

According to the reports, TMS ordered six container vessels with a capacity of 11,400 teu at China’s Zhoushan Changhong. The order also includes an option for four more ships.

This contract is said to be worth $140 million per vessel, and the ships are scheduled for delivery from 2027 to 2029.

DNV’s data shows that orders for LNG-powered vessels jumped 103 percent to 264 ships last year.

The orders for 264 LNG-powered ships compare to 130 LNG-powered vessels in 2023 and 222 LNG-powered vessels in 2022.

DNV said that the number of LNG-fueled ships in operation doubled between 2021 and 2024, with a record number of deliveries (169) in 2024.

By the end of 2024, 641 LNG-powered ships were in operation.

Last month, DNV added 12 LNG-powered containerships to its platform.

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