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banner-year-seen-for-new-lng-dual-fuel-vessel-contracts
banner-year-seen-for-new-lng-dual-fuel-vessel-contracts

‘Banner year’ seen for new LNG dual fuel vessel contracts

Multi-sector industry coalition SEA-LNG has recognised a ‘significant growth’ in liquefied natural gas (LNG)-fuelled orders this year, with the latest report from Clarksons indicating such orders approaching 30% of gross gonnage on order.

According to classification society DNV, trends indicate that 2021 has been a ‘banner year’ for new LNG-fueled vessel construction contracts and the trend is set to continue.

This is due to the maritime industry racing to adopt LNG on a large scale in an effort to reduce greenhouse gas emissions.

Within the next few years it is anticipated that over 90% of the new Pure Car and Truck Carriers (PCTC) that will enter tha market will be LNG dual fuel.

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