News / Plenty of orders for new LNG-fuelled box ships, but conversions are too costly

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According to shipbroker Gibson, the current orderbook for LNG-fuelled vessels stands at over 130 ships, including 40 containerships.

“Of these, Hapag-Lloyd has six 23,000 teu vessels under construction at DSME, CMA CGM has four 22,000 teu vessels on order, along with nine 15,000 teu vessels at HHI, while Eastern Pacific Shipping has 10 14,800 teu ships on order from HHI,” reported Gibson.

However, there is little appetite for ordering smaller LNG-fuelled container vessels, due to the size of bunker tanks required.

Moreover, the ...