By 2025 shipbuilding orders will be dominated by gas-powered ships

Reinforcing the trend towards stricter environmental standards for maritime transport, shipping companies indicate that 60% of new orders for shipbuilding are for ships powered by LNG

According to a report by the Korea Development Bank and the Korea Trade-Investment Promotion Agency, 60,3% of new ship orders to shipyards by the year 2025 will be LNG-powered vessels.
The South Korean study is due to the adoption of stricter environmental standards, since The maritime industry is being considered one of the biggest villains of global warming and has forced operators to look for alternative sources of energy.

Therefore, it is estimated by the study, which was based on data from Clarksons and the Classification Society Lloyd's Register (LR), that up to 1.925 new ships fueled with LNG would be built in the world.
Korean shipyards are already optimistic about the numbers and expect to build 60% of these new ships, further strengthening their world leadership in shipbuilding.

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The demand for LNG-powered ships would represent a domino effect on naval shipbuilding, as it would also increase the demand for building LNG-carrying ships.

The estimate is that the increase in orders for this type of vessel will revolve around ten times, which would mean going from 313 thousand dwt in 2016 to 3,2 million dwt in 2030.

LNG as marine fuel

The matter is gaining prominence as shipping companies are being pressured to operate with vessels that generate less pollutants.
Last year, more precisely in November, the Korean government, in order to contribute to the country's shipbuilding, announced plans to order 140 aircraft powered by LNG by 2025.

According to the regulations of the International Maritime Organization, from January 1, 2020, there will be an obligation for ships to use fuel with a maximum sulfur content of 0,5%, below the current limit of 3,5%.
LNG appears as a viable solution since it does not emit sulfur and also emits 20% less gases that cause the greenhouse effect compared to the fuel oil currently used in navigation.

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