Alternative fuels orderbook shows resilience amid overall decline in newbuild market
Norway, July 1 -- Ordering of alternative-fuelled vessels is continuing to grow in 2025, despite a slowdown in the overall newbuild market. According to data from DNV's Alternative Fuels Insight (AFI) platform, new orders for alternative-fuelled vessels reached 19.8 million gross tonnes (GT) in the first six months of 2025, exceeding the 2024 figure by 78%. This marks a significant shift in capital allocation, as shipowners increasingly prioritize future-ready assets in response to regulatory pressure, fuel availability, and long-term decarbonization goals.A total of 151 alternative-fuelled vessels were ordered in the first half of 2025, slightly behind the 179 orders placed during the first six months of 2024. Even so, the overall GT has i...
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