New Ships
17.05.2023

EDITORIAL NO 020 | 2023

Chinese shipyards had another excellent week, with large orders awarded or in the pipeline. China is close to winning an order for container ships worth over USD 1 billion from Europe. Orders reported from China this week included container ships,…

New Ships
11.05.2023

EDITORIAL NO 019 | 2023

Chinese yards had another successful week, with shipbuilding business including large gas carriers, tankers, ferries and bulk carriers. A European customer is in talks with yards in South Korea and China about building 24,000 TEU container ships with…

New Ships
04.05.2023

EDITORIAL NO 018 | 2023

Another large round of orders for liquefied natural gas (LNG) carriers was placed this week. South Korean shipyards were the main winners with orders worth around US$ 2 billion. Brokers report that shipping companies still expect that Russian gas…

New Ships
27.04.2023

EDITORIAL NO 017 | 2023

Chinese shipyards had another successful week with deals in tankers, product carriers, bulk carriers and offshore facilities, among others. In South Korea, a new floating nuclear power plant project was announced. Japan was awarded a large bulker…

New Ships
20.04.2023

EDITORIAL NO 016 | 2023

Gas tanker orders continued to take centre stage this week, but China rather than South Korea took the lead. A gas tanker order reported in China could be worth over US$ 400 million. Other Chinese orders this week included a large wind farm…

New Ships
13.04.2023

EDITORIAL NO 015 | 2023

China won a US$ 3.1 billion order to build 16 large container vessels for Europe this week, with environmentally friendly propulsion to be in focus for the ships. Chinese yards also won a series of other orders, including multi-purpose freighters,…

New Ships
06.04.2023

EDITORIAL NO 014 | 2023

A South Korean yard won a US$ 517 million liquefied natural gas (LNG) carrier contract, continuing the recent LNG order surge. Product carriers were in strong demand this week, with large business for South Korea and China. China also won a car…

New Ships
30.03.2023

EDITORIAL NO 013 | 2023

Orders for liquefied natural gas (LNG) again generated valuable business for Asian yards this week, with separate contracts worth around US$ 1 billion placed in South Korea and China. Chinese yards had another good week, with other newbuilding deals…

New Ships
23.03.2023

EDITORIAL NO 012 | 2023

A yard in India won an unusual order this week for container feeder ships capable of zero emission sailings. Chinese yards had an active week, winning another large contract for car carriers and also good business for product carriers. South Korean…

New Ships
16.03.2023

EDITORIAL NO 011 | 2023

This week saw a big return to gas carrier orders, with contracts worth hundreds of millions of dollars reported. South Korean yards won a series of separate orders for liquefied natural gas (LNG) carriers worth a combined total of over US$ 860…

New Ships
09.03.2023

EDITORIAL NO 010 | 2023

European yards again won orders for offshore wind farm vessels this week, with newbuilding deals reported in Norway and Spain. Chinese orders also included a wind farm installation vessel along with bulk carriers. Japan won a US$ 135 million boxship…

New Ships
02.03.2023

EDITORIAL NO 009 | 2023

Major orders for gas carriers came again this week, and more deals are in the pipeline as the war in Ukraine continues to alter global flows of gas imports.

South Korea won a US$ 765 million order for LNG carriers and a US$ 180 million chemical…

New Ships
23.02.2023

EDITORIAL NO 008 | 2023

It was another week with large placed orders for gas carriers. South Korea won two separate contracts both worth close to US$200 million from customers in the Middle East and Europe. Chinese newbuilding deals included methanol-ready bulk carriers and…

New Ships
16.02.2023

EDITORIAL NO 007 | 2023

The continued concern about slack growth in the world economy are still keeping newbuilding orders well below volumes seen this time last year as investment decisions were postponed. But some big business was seen in the container ship sector. South…

New Ships
09.02.2023

EDITORIAL NO 006 | 2023

Newbuilding activity remained sluggish overall this week as investment was held back due to uncertainty over the global economy. According to new figures, global commercial shipbuilding orders in January 2023 were down 63% compared to January 2022.…

New Ships
02.02.2023

EDITORIAL NO 005 | 2023

This was another week with major business for liquefied natural gas (LNG) and other gas carriers. South Korea won a US$496.3 million contract for LNG carriers believed to be from a Japanese customer. A new concept of a gas carrier with green fuel…

New Ships
26.01.2023

EDITORIAL NO 004 | 2023

The Lunar New Year holidays in China, South Korea and many other Asian countries this week reduced shipbuilding market activity below usual levels. But Chinese yards still achieved some big orders, with deals reported including container ships, car…

New Ships
19.01.2023

EDITORIAL NO 003 | 2023

The gas carrier order boom continued this week with contracts totalling over US$1.2 billion placed in South Korea. One of the Korean orders for LNG carriers was thought to be for a European customer. Chinese yards won major contracts for car carriers…

New Ships
12.01.2023

EDITORIAL NO 002 | 2023

A series of container ship orders have been placed this week. China won deals from Asia for 8,000-TEU vessels and Japan won orders for 5,920-TEU ships. Both China and Japan also lended orders for bulk carriers. An Indonesian shipping company said it…

New Ships
05.01.2023

EDITORIAL NO 001 | 2023

The new year started with more contracts for LNG carriers following the order surge in 2022. A Chinese yard has expanded into LNG carriers with a Danish order. Other Chinese deals included a floating LNG production vessel for Africa and oil tankers…

New Ships
22.12.2022

EDITORIAL NO 051-052 | 2022

The gas carrier order boom continued to the end of the year with more LNG contracts placed in South Korea, this time for Japanese/Indian and Middle Eastern customers. A major container ship order is also on the horizon for Korean yards. Chinese yards…

New Ships
15.12.2022

EDITORIAL NO 050 | 2022

With extra shipping capacity presumably still needed to replace Russian supplies to Europe as the war in Ukraine continues, the week again saw more newbuilding business for LNG carriers. South Korea won a US$199 million LNG order said to be from a…

New Ships
08.12.2022

EDITORIAL NO 049 | 2022

The gas carrier order boom continues with China winning a major contract. In Europe, projects to build floating gas vessels are underway to help replace Russian supplies. Other orders won by China this week included car carriers and bulk carriers,…

New Ships
01.12.2022

EDITORIAL NO 048 | 2022

Another large order for LNG carriers was placed in South Korea this week, with a Scandinavian customer behind the contract. With Europe facing the challenge of coming through winter without Russian gas, brokers say disruption to power supplies could…