LNG-fuelled bulker newbuildings may be falling out of favour as owners look to new zero-carbon alternatives.
This is the view of London and Singapore-based research and forecasting company Maritime Strategies International (MSI).
The company believes the decline in gas-powered vessel contracting is due to methanol and ammonia options gathering momentum and longer-term risks being weighed.
"The recent run of newbuilding capesize bulk carrier orders featuring dual-fuel LNG propulsion may have peaked," MSI said.
The company argues that the fall-off in interest represents concerns over their long-term viability.