In January 2025, there were 12 new orders for alternative-fueled vessels, according to DNV’s Alternative Fuels Insight platform. These orders were all placed in the container segment, indicating a continued trend towards alternative fuels that began in the second half of 2024. While this number is lower than in previous months, it follows a record-breaking year in 2024, and the overall outlook for alternative-fueled vessels remains positive.
The orderbook for alternative-fueled vessels is currently dominated by LNG, showing a continuation of trends from the previous year. The significant presence of container vessels in the orderbook suggests that there is a strong demand from cargo owners and consumers for more sustainable practices in the shipping industry. Shipowners are also exploring other fuel options, such as ammonia, in addition to LNG and methanol, as the market for alternative fuels continues to evolve.
Jason Stefanatos, Global Decarbonization Director at DNV Maritime, noted that while LNG and methanol markets are maturing with more vessels being ordered and delivered, shipowners are diversifying their fuel choices. This diversification reflects the industry’s ongoing efforts to reduce emissions and transition towards more sustainable fuel sources. The increasing interest in alternative fuels highlights the importance of environmental considerations in driving the uptake of alternative-fueled vessels in the maritime sector.
