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 | 523.50 | 6.50 | 613.00 | 6.00 |
| Rotterdam | 472.50 | 2.50 | 630.50 | 4.50 |
| Houston | 468.00 | 2.50 | 619.50 | 4.50 |
| Fujairah | 520.00 | 13.00 | 724.00 | 10.50 |
| Global 20 Ports Average | 539.00 | 1.00 | 720.00 | 3.00 |
| Global 4 Ports Average | 496.00 | 3.00 | 647.00 | 1.50 |
| Global Average Bunker Price | 572.50 | 2.00 | 765.00 | 3.00 |
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