World News
Hydrogen Makes Comeback as April Sees Strong Alt-Fuel Vessel Orders: DNV
April marked another strong month for alternative-fuel vessel orders, with 49 ships added to the global orderbook, up from 25 in March.
Notably, the tally includes orders for two hydrogen-fuelled vessels from the cruise segment, marking the first such orders since June 2024, Kristian Hammer, product manager AFI and senior consultant at classification society DNV, said in a LinkedIn post on Monday.
Of the 49 alternative-fuel vessels ordered in April, 24 were for methanol, 20 for LNG, and three for LPG. The majority of methanol-fuelled vessel orders came from the container segment (14), followed by nine from the RoPax segment and one from the tanker segment.
Methanol-fuelled vessel orders have more than doubled from 12 in March, indicating growing confidence and interest in methanol as a marine fuel.
Meanwhile, LNG-fuelled vessel orders also increased from seven in March, although they remain significantly lower than the 33 ordered in February.
Two LNG-fuelled bunkering vessels were ordered in April, Hammer said.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 511.00 | 11.50 | 602.50 | 10.00 |
| Rotterdam | 479.00 | 1.00 | 618.50 | 1.50 |
| Houston | 464.50 | 4.00 | 615.50 | 5.00 |
| Fujairah | 506.00 | 2.50 | 703.50 | 7.50 |
| Global 20 Ports Average | 532.00 | 4.50 | 708.50 | 4.00 |
| Global 4 Ports Average | 490.00 | 4.50 | 635.00 | 6.00 |
| Global Average Bunker Price | 570.00 | 1.00 | 752.50 | 6.00 |
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