Lloyd’s Register report shows alternative fuel vessel building faster than port supplies
LR’s new Fuel for Thought: Ports report finds that 1,942 alternative-fuel-capable vessels were on order in January 2026, with alternative-fuel ships representing 47% of global orderbook tonnage, according to Clarksons Research. Yet readiness differs sharply by fuel: LNG bunkering was available at 222 ports, compared with just 25 actively offering methanol, while the first commercial ammonia bunkering operation, at Ulsan in South Korea, was completed only in April 2026.
The gap is particularly stark for emerging fuels. LR identified 385 methanol-capable and 45 ammonia-capable vessels on order, while the infrastructure and low-carbon fuel supply needed to serve them remains concentrated among a relatively small number of ports. Most ports pursuing ammonia remain at pilot, trial or safety-framework stage.
The report concludes that fuel choice and trade route are now inseparable, with newbuild and conversion decisions needing to reflect the availability of fuel at the ports vessels will actually use.
Category: Fuels
