DNV: Newbuild alternative-fuelled vessel orders increase by 38%

Newbuild alternative-fuelled vessel orders increased in 2024 by 38% year-on-year to 515 ships, according to data from DNV’s Alternative Fuels Insights (AFI) platform, underscoring the industry’s growing commitment to decarbonisation. 

The growth in alternative-fuelled vessel orders has been heavily driven by the container and car carrier newbuild boom over the last three years. 

In 2024, 69% of all container ship orders were for ships capable of being powered by alternative fuels, driven by cargo owners responding to consumer demands for more sustainable practices and liner companies preparing to replace older tonnage.