In January 2024, 23 new dual-fuel methanol vessels were ordered, primarily for containerships, representing a rising preference for methanol as a shipping fuel.

Methanol usage in new containerships is increasing, with dual-fuel engines becoming a popular choice. The demand for methanol-ready vessels is driven by their ease of integration into specific routes, allowing for a methanol supply network to be set up. In the first month of 2024, 23 new dual-fuel methanol vessels were ordered, making it the preferred alternative fuel option. Norwegian firm DNV reported that 70% of these orders were for containerships, with the remaining for bulk carriers and ro-ro vessels.

February 05, 2024
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