ShippingWatch

LNG wave keeps rolling over shipping despite high gas prices

Container lines and owners of car-carrying ships ordered a lot of LNG-powered vessels in May, which has so far been the month with the most new orders for LNG ships. Only a few vessels currently tank LNG due to the price.

Photo: Hapag-Lloyd/Thies Raetzke

Carrier appetite for ships powered by liquefied natural gas (LNG) remains big, even though gas prices are currently so high that only a few ships tank LNG.

According to a new platform, Alternative Fuels Insight, by Norwegian classification firm DNV, shipping companies in May alone ordered 30 newbuilds equipped with dual-fuel engines able to sail on both conventional ship fuel and LNG.

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