Global LNG-fueled fleet continues to expand

The number of LNG-fueled vessels continues to increase, boosted by orders for new dual-fuel containerships. The global LNG-fueled fleet will grow to 1154 vessels by 2033, according to DNV’s Alternative Fuels Insight platform.

DNV’s data shows that the classification society has added at least 96 new LNG-powered vessels to its platform during July and August.

Most of these vessels are LNG dual-fuel containerships.

The classification society did not release its regular monthly reports for June, July, and August.

DNV’s platform showed in July that the global LNG-fueled fleet will rise to 1058 vessels by 2028.

The classification society added eight LNG-powered ships to its platform in May, and previously reported orders for seven-LNG powered ships in April, one LNG-powered ship in March, 17 LNG-powered ships in February, 10 LNG-powered ships in January, and 130 LNG-powered vessels in 2023.

This means that 2024 orders for LNG-powered vessels are already higher compared to 2023, while 2022 was a record year with 222 orders.

In addition to 1154 confirmed LNG-powered ships, the fleet powered by alternative fuels also includes 347 methanol-fueled vessels, 258 LPG-powered ships, 40 hydrogen-fueled vessels, and 30 ammonia-fueled vessels, according to the platform.

590 LNG-powered ships in operation

There are now 590 LNG-powered ships in operation and 564 LNG-fueled vessels on order, DNV’s platform shows.

Moreover, there are 119 LNG-powered containerships and 78 LNG-powered crude oil tankers in operation, and these vessels are followed by 65 oil/chemical tankers, and 57 bulk carriers.

As per vessels on order, LNG-powered containerships and car carriers account for a big part of the orders with 229 and 160 units respectfully.

Shipping firms also ordered 48 oil and chemical tankers, 44 crude oil tankers, and 25 cruise ships.

These statistics do not include smaller inland vessels or dual-fuel LNG carriers.

Besides LNG-powered vessels, there are 61 LNG bunkering vessels in operation and 12 on order, the platform shows.

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