Alternative-Fuel Ship Orders Surge to Two-Year High

Alternative-fuel ship orders rebounded sharply in the third quarter, with September delivering the strongest monthly total in nearly two years as LNG remained the dominant choice for new vessels.

Shipowners placed orders for 69 alternative-fuelled vessels in September, the highest monthly total since October 2024, according to new figures from DNV’s Alternative Fuels Insight platform.

The September activity brought third-quarter orders to 168 vessels, making it the busiest quarter since the third quarter of 2024.

So far this year, DNV has recorded 311 alternative-fuel vessel orders, up 53% from the same period in 2025.

The acceleration marks a sharp turnaround from the first