New Ships
06.08.2020

EDITORIAL NO 032 | 2020

Shipbuilding markets were more active this week after the long-depressed period caused by the coronavirus crisis. South Korean yards won orders worth US$746.2 million for four liquefied natural gas (LNG) carriers. Korean yards also won orders…

New Ships
30.07.2020

EDITORIAL NO 031 | 2020

The world economic slowdown again depressed newbuilding orders this week. South Korean won contracts for medium-range product tankers and an environmentally friendly ferry. Chinese yards won a series of orders mostly for smaller vessels including…

New Ships
23.07.2020

EDITORIAL NO 030 | 2020

The coronavirus crisis continued to depress world shipbuilding but with a series of new contracts reported in Asia. Japanese yards won deals for container ships and a gas tanker. China won orders including bulk carriers and a multi-purpose vessel.…

New Ships
16.07.2020

EDITORIAL NO 029 | 2020

The coronavirus crisis continued to depress global shipbuilding orders this week. South Korea won contracts for feeder container ships. Indonesia revealed plans to order oil and gas tankers. Singapore won offshore orders while multi-billion plans for…

New Ships
09.07.2020

EDITORIAL NO 028 | 2020

The coronavirus crisis continued to depress shipbuilding orders this week but there were some signs of light at the end of the tunnel. A big VLCC tanker order for South Korea is expected from Greece if a charter deal is confirmed. Russia is planning…

New Ships
02.07.2020

EDITORIAL NO 027 | 2020

The coronavirus crisis continues to depress global shipbuilding demand, but with some rays of hope. An initial order for VLCC tankers was reported in South Korea. Chinese yards were able to win orders for LNG carriers, a tanker and bulk carriers this…

New Ships
25.06.2020

EDITORIAL NO 026 | 2020

Chinese yards won orders for a wide range of vessels especially from Chinese customers including deck cargo ships, a crane ship and a new type of vessel for offshore fish farming. New types of environmentally friendly craft continued to be ordered…

New Ships
18.06.2020

EDITORIAL NO 025 | 2020

The merchant shipbuilding sector continues to suffer from the impact of the coronavirus crisis but the naval sector was active this week. Canada confirmed a huge order for naval supply ships while Ukraine announced a major order to build patrol…

New Ships
11.06.2020

EDITORIAL NO 024 | 2020

South Korean yards won another large order for liquefied natural gas (LNG) units this week following their success in the massive deal with Qatar. Korean yards are working on winning even more LNG orders from Russia and Africa. Tanker orders were…

New Ships
04.06.2020

EDITORIAL NO 023 | 2020

The stage was set for one of the biggest merchant shipbuilding orders in history this week with Qatar signing initial agreements with South Korean yards for around 100 liquefied natural gas (LNG) carriers costing more than US$19.2 billion. The deals…

New Ships
28.05.2020

EDITORIAL NO 022 | 2020

The coronavirus crisis again depressed the level of merchant shipbuilding orders, but with some bright spots. South Korea won big contracts for floating storage vessels for liquefied natural gas (LNG) projects in Central America and Germany. Korea…

New Ships
20.05.2020

EDITORIAL NO 021 | 2020

A large order for a residency vessel in the style of a cruise ship was placed in Norway this week, giving a signal of confidence in the face of the coronavirus crisis. An order for a new type of sail-assisted VLCC oil tanker was placed in China. But…

New Ships
20.05.2020

EDITORIAL NO 021 | 2020

A large order for a residency vessel in the style of a cruise ship was placed in Norway this week, giving a signal of confidence in the face of the coronavirus crisis. An order for a new type of sail-assisted VLCC oil tanker was placed in China. But…

New Ships
14.05.2020

EDITORIAL NO 020 | 2020

Merchant newbuilding orders continued at relatively low levels this week but with some signs of new activity. South Korean yards won orders from Greece for tankers, with talk low prices in the current depressed market are starting to spark purchase…

New Ships
07.05.2020

EDITORIAL NO 019 | 2020

Chinese yards won a stream of big orders this week, raising a glimmer of hope for a recovery in demand after the huge damage to the world economy from coronavirus. Multi-million dollar contracts were won by Chinese yards including for tankers and…

New Ships
30.04.2020

EDITORIAL NO 018 | 2020

The coronavirus crisis continued to depress the global shipbuilding market this week, but there were some signs of stronger ordering activity, especially in China. Large orders for VLCC tankers were reported for two Chinese yards. Other Chinese…

New Ships
23.04.2020

EDITORIAL NO 017 | 2020

Some light at the end of the tunnel for shipbuilders in the coronavirus crisis came this week with one of the largest merchant shipbuilding contracts in the past year set to be placed in China. China also won a large order for an offshore crane…

New Ships
16.04.2020

EDITORIAL NO 016 | 2020

The world shipbuilding market remains in the grip of the coronavirus economic shutdown, but some shipowners are taking advantage of low prices to place big orders. A large contract was placed in South Korea to build two very large crude carriers…

New Ships
09.04.2020

EDITORIAL NO 015 | 2020

The coronavirus continues to cause massive world economic disruption, but yards in China and South Korea are reporting some new orders. Low prices are attracting some shipowners to invest in new ships. But many shipping companies are taking a…

New Ships
02.04.2020

EDITORIAL NO 014 | 2020

The global coronavirus crisis continued to keep world shipbuilding orders at a low level this week. Continued uncertainty about the recession the world is facing because of the lockdowns and curfews imposed to combat coronavirus continue to delay…

New Ships
26.03.2020

EDITORIAL NO 013 | 2020

Shipbuilding orders continued at a low level this week as the coronavirus continued to cause massive disruption to the world economy. But despite many investment decisions being postponed, some large orders were reported in China and South Korea.…

New Ships
19.03.2020

EDITORIAL NO 012 | 2020

Good news came at last this week for depressed Chinese yards with a massive order for container ships worth over US$1 billion. A Chinese yard is also set to win an order for two VLCC tankers from Greece. But overall the coronavirus continued to keep…

New Ships
12.03.2020

EDITORIAL NO 011 | 2020

The coronavirus continued to keep new merchant shipbuilding orders at low levels this week. The uncertainty about whether the world will now face a recession as the coronavirus spreads is reducing the willingness to invest. But orders have not…

New Ships
05.03.2020

EDITORIAL NO 010 | 2020

The global economic slowdown caused by coronavirus continued to depress shipbuilding orders this week. South Korean yards reported more active orders, with large deals for shuttle tankers, product tankers and a chemical tanker. Chinese orders…