By the close of 2025, the global fleet equipped to operate on alternative fuels is projected to hit 1,000 vessels, thanks to an exceptional influx of new dual-fuel ship deliveries from shipyards across the globe.
A recent analysis by Lloyd’s List, referencing data from DNV Alternative Fuel Insight (AFI), indicates that 2025 is set to be a record-breaking year, with 285 new dual-fuel ships expected to be handed over to their owners, alongside seven ongoing conversions to dual-fuel capabilities.
This marks a substantial increase of 48% from the 198 dual-fuel ships delivered in 2024.
LNG Remains Predominant
Liquefied natural gas (LNG) continues to lead as the fuel of choice, comprising around 75% of the new dual-fuel ships set to be delivered this year, according to Lloyd’s List, with the remainder utilizing methanol.
LNG is viewed as a transitional fuel in the shift toward greener alternatives, serving as a bridge between traditional fuels and cleaner options. However, the medium-term measures announced at the IMO MEPC 83, which are anticipated to gain approval next October, do not encourage significant investments in LNG dual-fuel vessels. Moreover, this analysis has raised considerable concerns among leaders in the Greek ocean-going shipping industry.
