Mea Culpa: Correcting The Ferry Battery Orderbook Still Leaves A Strong Electrification Story
AI-summarised brief · reviewed before publication
A claim that 70% of ferries on order had batteries was found to be incorrect after digging deeper into the orderbook. The actual number is closer to two-fifths of ferry orders having battery-electric or battery-hybrid drivetrains. DNV reported 98 battery-equipped car and passenger ferries on order as of May 2024, while Clarksons put the total global ship orderbook at 6,890 vessels. This correction still shows a significant shift towards electrification in the ferry market.
💡 Why It Matters
- · Ferries are a crucial case for electrification due to their fixed routes and terminal infrastructure, making them an ideal segment for battery-electric propulsion.
- · The global ferry market's size and complexity create a significant opportunity for electrification, with hundreds of vessels potentially turning over to electrified propulsion in a single replacement cycle.