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LNG-powered newbuild orders surge
LNG was the most popular alternative fuel for ships ordered in September 2024, according to DNV figures, narrowly beating the only other alternative fuel for vessels ordered in the month - methanol. Nine LNG-fuelled vessels and eight powered by methanol were ordered in September, according to the class society’s Alternative Fuels Insights platform. For the year to the end of September, orders for LNG-capable ships rose by 57% on-year to 169, while methanol orders slipped by 1% to 133 vessels. Figures for both fuel types exclude ready notations, and the LNG figures exclude LNG carriers. The acceleration of orders ... (full story)