Dimerco Express Group

📢 LNG orders significantly overshadow methanol in 2024! ♻️ Concerns over the future availability of green methanol are clearly reflected in carriers’ newbuilding orders this year. After dominating the newbuilding market last year, the proportion of methanol-fuel contracts has fallen sharply in the first ten months of 2024. 📉 🌐 Methanol-powered ships so far represent just 21% of new capacity ordered in 2024, a significant drop on the 51% seen in 2023. Underlining the decline, methanol capacity contracted this year has fallen below demand for conventional tonnage again. 📊 Instead, LNG propulsion has re-asserted itself as carriers' principal short-tomedium term choice on the path to decarbonisation. ↗️ In what is expected to be a record-breaking year for containership contracting, as of 14 October Alphaliner reported a total of 264 orders (all propulsion types) equivalent to 3.11 Mteu. Some 77.5% of capacity ordered represents 'green' tonnage. 😱 Fears of insufficient methanol supply have multiplied this year as the fuel's processing costs have proved higher than expected and planned production has failed to take off. ✅ Subscribe to the Alphaliner Weekly Newsletter for more details on thie topic and other latest news in Liner shipping at okt.to/4TxHQi.