World News
Alternative-Fuelled Vessel Orderbook Sees Slow Start to 2025: DNV
After a strong performance in 2024, the orderbook for alternative-fuelled vessels has kicked off 2025 on a quieter note.
Only 12 LNG-fuelled vessels were ordered in the first month of January, Kristian Hammer, product manager AFI and senior consultant at classification society DNV, said in a LinkedIn post on Monday.
Notably, all 12 orders were for the container segment, with no new orders placed for methanol or ammonia-fuelled vessels during the month.
This marks a sharp contrast to January 2024, when nearly 40 alternative-fuelled vessels were ordered.
"Nonetheless, we continue to be excited by the big picture and are looking forward to another busy year in 2025," Hammer said.
The global LNG-fuelled fleet consists of 657 vessels, with about 150 of these being container ships, followed by 78 crude tankers and 71 chemical tankers, according to DNV data.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 588.00 | 4.50 | 699.50 | 17.00 |
| Rotterdam | 552.50 | 3.50 | 675.00 | 0.50 |
| Houston | 566.00 | 4.00 | 726.50 | 1.50 |
| Fujairah | 575.50 | 3.50 | 772.50 | 3.00 |
| Global 20 Ports Average | 609.50 | 0.50 | 787.50 | 8.00 |
| Global 4 Ports Average | 570.50 | 2.00 | 718.00 | 4.50 |
| Global Average Bunker Price | 650.50 | 0.50 | 828.00 | 1.00 |
Popular Now More
-
Jan 30Offshore bunkering is available again at the Algoa Bay anchorage, a local shipping agent tells Ship & Bunker. -
Feb 03The average cost to offset one tonne of VLSFO in January 2025 under EU ETS emissions rules was $173.87, up from $91.96 in January 2024. -
Jan 31The company this week started LNG bunker supply in Vancouver, Canada, adding to operations in Long Beach as it looks to add further supply ports.