Confirming a trend recently noted by Clarksons, the latest data from DNV’s Alternative Fuels Insights (AFI) platform shows that 2024 drove a significant rise in orders for alternative-fueled vessels. Even without counting
DNV CEO maritime Knut Ørbeck-Nilssen: “The technological transition is underway, but supply of alternative fuel is still low.”
Confirming a trend recently noted by Clarksons, the latest data from DNV’s Alternative Fuels Insights (AFI) platform shows that 2024 drove a significant rise in orders for alternative-fueled vessels. Even without counting in LNG carriers, 515 alternative-fueled ships were ordered, a 38% year-on-year increase on 2023.
The trend has been heavily driven by the container and car carrier newbuild boom over the last three years. In 2024, 69% of all containership orders were for ships capable of being powered by alternative fuels, driven, says DNV, by cargo owners responding to consumer demands for more sustainable practices and liner companies preparing to replace older tonnage. The preferred fuel choice for this segment was LNG (67%). In total the container and car carrier segments made up 62% of all alternative fuel orders in 2024.
“As we work towards decarbonizing the industry,
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