Other boxships powered by methanol and LNG on order

The backlog of container ships powered by alternative fuels has reached 40% of tonnage under construction as shipping companies have shifted away from conventional fuel oil over the past six months.

Alphaliner’s latest report said there are now 198 orders for LNG dual-fuel boxships, representing 2.31 million TEU, or 30% of the order book, down from 25% a year ago.

Notably, methanol fueled units are increasing in popularity and there are now a total of 68 units under construction at 930,000 TEU or 12% of the order book, a notable increase from just 1% a year ago.

Significant orders came in February, when HMM ordered nine 9,000-TEU methanol dual-fuel vessels from Hyundai Samho Heavy Industries (HSHI) and HJ Heavy Industries, while CMA CGM ordered a dozen 13,000-TEU methanol dual-fuel vessels booked with HSHI.

Alphaliner said: “The figures show that the green revolution in container shipping is now firmly underway, with shippers using huge cash deposits to redesign their fleets for the energy transition. Only 14% of the capacity ordered in the second half of 2022 was fueled by heating oil, underscoring the shift away from conventional propulsion.”

With the global quest to achieve carbon neutrality by 2050, ship owners have been investigating fuel-free propulsion for their fleets.

Orders for boxships that run on conventional fuel oil continue to decline. To date, only 8% of the 380,000 TEU ordered so far are powered by conventional fuel oil.

Maersk Line is leading orders for methanol-fueled newbuilds, with nearly 300,000 TEI of methanol dual-fuel capacity on order, representing 80% of contracted tonnage for newbuilds. The Danish airline last ordered six 17,000 TEU units from Hyundai Heavy Industries in October 2022 for delivery over a seven-month period to December 2025.

However, CMA CGM could overtake Maersk Line in this area as the French carrier is reportedly planning to commission six 16,000 TEU methanol dual-fuel vessels at China’s Jiangnan shipyard. I Container News

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