Alternative-fueled vessel orders reached 19.8 million gross tonnes in early 2025, up 78% year-over-year, despite overall newbuilding market decline. LNG dominated with 87 vessels ordered (14.2 million GT), while methanol gained traction with 40 vessels. Container ships led adoption, with supporting LNG bunkering infrastructure expanding through 13 new vessel orders.
Alternative-fueled vessel orders reached 19.8 million gross tonnes in early 2025, up 78% year-over-year, despite overall newbuilding market decline. LNG dominated with 87 vessels ordered (14.2 million GT), while methanol gained traction with 40 vessels. Container ships led adoption, with supporting LNG bunkering infrastructure expanding through 13 new vessel orders.