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August Sees Zero Alternative-Fuel Vessel Orders for First Time Since 2018: DNV
No new orders for alternative-fuel capable vessels were recorded in August – the first time this has happened since 2018, according to classification society DNV.
Alternative-fuel newbuild contracting has slowed over the summer months, Kristian Hammer, product manager AFI and senior consultant at DNV, said in a LinkedIn post on Wednesday.
Only two LNG bunkering vessel orders were added to DNV's Alternative Fuels Insight (AFI) platform last month.
By comparison, 28 alternative-fuelled vessels were ordered in July, up from 19 in June, but still well below the 49 seen in April.
"So far this year, 178 alternative-fuelled vessels have been added to the orderbook, a significant reduction (49%) on the 350 ordered in the same period in 2024, albeit against the backdrop of a much slower overall newbuild market in 2025, compared to 2024," Hammer noted.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 489.00 | 7.50 | 672.50 | 0.00 |
| Rotterdam | 458.50 | 2.00 | 674.50 | 3.00 |
| Houston | 494.00 | 8.50 | 682.50 | 3.50 |
| Fujairah | 486.00 | 6.00 | 730.00 | 2.00 |
| Global 20 Ports Average | 521.50 | 5.00 | 764.50 | 4.50 |
| Global 4 Ports Average | 482.00 | 5.00 | 690.00 | 2.00 |
| Global Average Bunker Price | 562.50 | 4.50 | 803.00 | 1.50 |
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