February 7

Greek and German firms place orders for LNG-powered vessels in China and Korea

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Reports by Intermodal and other brokers suggest that Greece’s Sun Enterprises and TMS Group and Germany’s Peter Dohle ordered LNG dual-fuel vessels.

Sun Enterprises placed an order for two 158,000-dwt LNG dual-fuel tankers at South Korea’s DH Shipbuilding.

This deal is said to be worth $90.5 million per ship, and the vessels are scheduled for delivery in 2027.

Moreover, Peter Dohle booked two 8,400-teu container vessels at China’s Guangzhou Shipyard International (GSI). This deal also includes two optional vessels.

Peter Dohle will reportedly pay $125 million per ship, and the vessels are scheduled for delivery in 2027-2028.

According to the reports, TMS ordered six container vessels with a capacity of 11,400 teu at China’s Zhoushan Changhong. The order also includes an option for four more ships.

This contract is said to be worth $140 million per vessel, and the ships are scheduled for delivery from 2027 to 2029.

DNV’s data shows that orders for LNG-powered vessels jumped 103 percent to 264 ships last year.

The orders for 264 LNG-powered ships compare to 130 LNG-powered vessels in 2023 and 222 LNG-powered vessels in 2022.

DNV said that the number of LNG-fueled ships in operation doubled between 2021 and 2024, with a record number of deliveries (169) in 2024.

By the end of 2024, 641 LNG-powered ships were in operation.

Last month, DNV added 12 LNG-powered containerships to its platform.

 

The post Greek and German firms place orders for LNG-powered vessels in China and Korea appeared first on Energy News Beat.

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