The outcome of MEPC 83 in April could establish the IMO’s mid-term GHG and carbon pricing strategy for achieving net-zero by around 2050. Not everyone is waiting; they have enough confidence in
The outcome of MEPC 83 in April could establish the IMO’s mid-term GHG and carbon pricing strategy for achieving net-zero by around 2050. Not everyone is waiting; they have enough confidence in the LNG pathway to order new ships.
According to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform, 34 new orders for alternative-fueled vessels were placed in February 2025, 33 of them for LNG-fueled container ships.
The trend is continuing this week with CSSC subsidiary Jiangnan Shipyard reporting orders worth around $2.5 billion for LNG-fueled container ships on March 2.
More than 305 LNG-fueled ships were ordered last year, accounting for approximately 14% of newbuilding orders, significantly outpacing methanol and ammonia.
A report released this week by Lloyd’s Register notes that LNG retrofits are surging. With zero-emission fuel supply chains still in their infancy, many operators are seeing LNG as the most viable retrofit option.
Also this week, the U.S. Department of Energy announced an order that removes barriers for the use of LNG as marine fuel.
A container ship case study released late last year by SEA-LNG indicated that the fuel provides the lowest
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