Market Intelligence
DNV Reports Rising Demand for Dedicated LNG Bunkering Vessels
Expanding adoption of LNG as a marine fuel is driving higher demand for specialized bunkering tonnage, according to DNV fleet figures.
Classification society DNV has highlighted expanding demand for specialized liquefied natural gas bunkering vessels to support the growing alternative-fuel fleet.
Current figures indicate that 900 LNG-capable merchant ships are actively trading globally, excluding the specialized LNG carrier fleet.
The operational fleet is set to expand significantly, with shipyards holding orders for an additional 650 LNG-fuelled merchant vessels.
Source attribution
This report was written by the Global Freight editorial desk based on material published by The Maritime Executive. It is an original summary and analysis, not a reproduction of the source text. Figures and claims are limited to those present in the source material.
DNV Sees Growing Demand for Specialized LNG Bunkering VesselsGlobal Freight Briefing
The commodity and freight brief, twice weekly
Concise coverage of fuel oil, energy trading and shipping markets for professional readers. No promotional content.
Related coverage
Related blogs
Further reading across commodity trading, energy and oil markets, fuel oil and shipping logistics.
- Market Intelligence
DNV projects global LNG bunker fleet must double by 2030
A newly published DNV study indicates the worldwide fleet of LNG bunkering vessels may need to more than double by 2030 to satisfy rising marine fuel demand.
- Market Intelligence
Wood Mackenzie Forecasts Structural Decline in Conventional Bunker Demand
Demand for traditional marine fuel oil is entering a structural downturn as liquefied natural gas displaces oil-based bunkers, according to Wood Mackenzie.
- Fuel Oil Trading
SIBCON 2026: Bunker Buyers Pool Demand as Availability Overtakes Price
A fuel market outlook panel in Singapore heard that bunker buying has shifted from price-led to supply-led, with pooled demand and forward supply guarantees emerging as the market's answer to Hormuz disruption.
- Commodity Trading
A Malta Trading House Goes East: Alkagesta and Singapore
Founded in Malta in 2018, Alkagesta opened its Singapore hub in 2025 to test whether a European governance model could travel to Asia.
- Shipping & Ports
Wind-Assisted Propulsion Complements Dual-Fuel Fleet Strategy
Combining wind assistance with dual-fuel capability helps shipowners manage future fuel risks by prioritising lower consumption, according to BAR Technologies.
- Shipping & Ports
SIBCON 2026 Opens in Singapore: What the World's Largest Bunkering Event Will Cover
The 24th Singapore International Bunkering Conference and Exhibition runs 13-15 October at Resorts World Sentosa under the theme "Charting a Resilient Multi-Fuel Future".