< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 8 sources · 2 days · First seen · Last updated

Global maritime alternative-fuel vessel trends

Overview

Global maritime orders for alternative-fuel vessels have seen a significant rebound, with year-to-date orders increasing by 53% compared to the previous year. Liquefied natural gas (LNG) remains the dominant choice for newbuilds, though methanol-powered and LPG-powered vessels are also being ordered.

In the United States, Matson, Inc. is executing a $1 billion fleet renewal program by commissioning three Jones Act-compliant, LNG-ready containerships from Hanwha Philly Shipyard, Inc. The first vessel, the ‘Makua’, was christened in Philadelphia on October 10, 2026. The vessel features dual-fuel engines and is expected to enter service in early 2027 to support Hawaii and China–Long Beach express networks. Two additional sister vessels, the ‘Malama’ and ‘Makena’, are scheduled for delivery through 2028.

Entities

DNV · Hanwha Philly Shipyard · Matt Cox · Hanwha Philly Shipyard, Inc. · Matson, Inc.

Timeline

  1. [BUSINESS] 6 sources
    Matson christens first of three new dual-fuel containerships

    Matson has christened the Makua, the first of three new $1 billion Aloha Class containerships being built at Hanwha Philly Shipyard for its Pacific services.

  2. [BUSINESS] 2 sources
    Alternative-fuel vessel orders surge amid maritime industry shifts

    Alternative-fuel vessel orders surged in Q3, hitting a two-year high in September. Meanwhile, Matson is investing $1 billion in three new LNG-ready containerships built by Hanwha Philly Shipyard.

Sources

bairdmaritime.com · europesays.com · gCaptain.com · offshoresource.com · portalportuario.cl · professionalmariner.com · stocktitan.net · trendhunter.com