Projected Surge in Alternative Fuel Vessel Fleet by 2028, Driven Primarily by LNG
HYDROGENCARBON CAPTURE
According to a forecast by Norwegian classification agency DNV, the fleet of vessels powered by alternative fuels could nearly double by 2028, primarily due to LNG adoption. While dual-fueled vessels dominate the containership order book, large tankers and bulkers lag in alternative fuel readiness.
The report highlights that LNG orders exceed those for other fuels, largely due to the more developed bunkering infrastructure. However, the maritime sector must significantly increase its low greenhouse gas fuel consumption to meet the International Maritime Organization's targets, amid competition from other industries for such fuels.
Sep 19, 2025, 8:09 AM