Citing Clarksons and DNV data, SEA-LNG touts ’banner year’ for LNG dual-fuel vessel contracts
According to the latest report from Clarksons, LNG-fuelled vessel orders are approaching 30% of total gross tonnage on order, SEA-LNG said.
"2021 has been a banner year for new LNG dual-fuel vessel construction contracts as reported by DNV and others. This trend is expected to continue," the maritime LNG lobby group said in a statement.
Pointing to LNG’s compliance with environmental or so-called ’green’ financing requirements, SEA-LNG said it anticipates 90% of newbuild pure car and truck carriers will sail with LNG dual-fuel propulsion systems. In other areas of uptick, SEA-LNG said container ship owners and operators are moving to LNG-fuelled tonnage, with orders for LNG-fuelled liners increasing five-fold since January 2020. Tankers and bulkers have seen similar increases on the order of seven and two times as many orders for LNG-fuelled vessels, respectively, over the previous 18-month period.
The industry body said that a transition to bio-LNG, and eventually synthetic LNG would enable the industry to meet IMO’s 2050 decarbonisation targets by utilising established LNG infrastructure.
"While LNG may not be the end game, it is the best starting point to get to net zero. It provides a very clear and achievable plan which starts today," SEA-LNG chairman Peter Keller said.
"We know the need is real and waiting is no longer an option. Recognition for this plan and the pathway forward is continually growing – borne out by the data from both Clarksons and DNV."
Riviera Maritime Media is providing technical and operational webinars, virtual and live conferences in 2021. Sign up to attend on our events page
© 2023 Riviera Maritime Media Ltd.