DNV releases April figures for Alternative Fuels Insight (AFI) platform

DNV has now released the April figures from its Alternative Fuels Insight (AFI) platform. They show that a total of 23 new orders for alternative fueled vessels were registered in April 2024. The largest number of these (12) were for methanol fueled vessels, continuing to outperform orders for LNG-fueled vessels, new orders for seven of

Maritime industry favours methanol-powered vessels in 2024

The maritime industry’s fervor for alternative fuels shows no signs of abating as we enter 2024. According to data from DNV-Maritime, since the beginning of the year, 23 methanol-fueled ships have been to the Alternative Fuels for Shipping Index (AFI) database. The ordering has been dominated by the containership sector solidifying the sector’s momentum toward

Methanol overtakes LNG as alternative fuel of choice

Latest figures released by DNV from its Alternative Fuels Insight (AFI) platform, reveal an 8% increase in ships ordered or retrofitted with alternative fuel propulsion in 2023. DNV logged 138 projects for methanol, including retrofits, compared with 130 for LNG, all of which were for new ships. The almost four-fold increase in methanol-fuelled ships from