New Ships
24.11.2022

EDITORIAL NO 047 | 2022

It was again a week with billion-dollar gas carrier newbuilding business in South Korea. South Korea also won a major tanker newbuilding contract. A US$3 billion fleet modernisation plan was announced by a shipping company in Asia, also including gas…

New Ships
17.11.2022

EDITORIAL NO 046 | 2022

It was another week with large gas carrier orders as demand for gas imports continue to rise. South Korean yards won over half a billion dollars worth of gas carrier contracts. Shipbuilding orders in China this week included tankers and car carriers.…

New Ships
10.11.2022

EDITORIAL NO 045 | 2022

What is believed to be the most expensive-ever merchant shipbuilding order for a single ship was placed in South Korea this week, beating the previous record-high order in October this year. The deal continued a successful run of gas carrier…

New Ships
03.11.2022

EDITORIAL NO 044 | 2022

Multi-billion dollar orders were placed this week in both the merchant and naval shipbuilding sectors. China won a US$2.86 billion contract for very large container ships with green power along with a major order for LNG carriers. A US$1 billion…

New Ships
27.10.2022

EDITORIAL NO 043 | 2022

It was again a week with major gas carrier orders, with China seeking to break the dominance held by South Korea. A leading Chinese yard won its first liquified natural gas (LNG) carrier order after only signing a licence agreement for LNG tanks in…

New Ships
20.10.2022

EDITORIAL NO 042 | 2022

Another big gas carrier order was placed in South Korea this week with expectations of more demand for shipping as European and other importers seek liquified natural gas (LNG) deliveries by sea to replace Russian gas. Turkey won an order from a…

New Ships
13.10.2022

EDITORIAL NO 041 | 2022

The rush for gas by importers around the world continues to generate shipbuilding orders, with deals worth US$2.7 billion close in Chin, and South Korea winning a US$243 million gas carrier deal this week. China additionally won orders for gas…

New Ships
06.10.2022

EDITORIAL NO 040 | 2022

South Korean yards had a remarkable week with multi-billion dollar orders won. A US$1.14 billion contract from Europe for methanol-powered container ships was signed along with a US$1.3 billion gas carrier deal for Asian and European customers.…

New Ships
29.09.2022

EDITORIAL NO 039 | 2022

Yards in China again had a busy week. Chinese orders included tankers with green designs for Scandinavia, gas carriers for several countries, bulk carriers and a new type of bunker vessel for ammonia. An Asian yard won a multi-billion dollar offshore…

New Ships
22.09.2022

EDITORIAL NO 038 | 2022

Chinese yards had an excellent week with a series of major orders being negotiated or signed. These included container ships of up to 23,000 TEU, a series of 10 car carriers, large gas carriers and bulk carriers. South Korea won a US$421.5 million…

New Ships
15.09.2022

EDITORIAL NO 037 | 2022

The cruise shipping sector continues to recover from the corona pandemic with a 1.7 billion euro newbuilding order placed this week in Europe. An initial deal for an environment-friendly cruise ship for operation in Scandinavia was also signed by…

New Ships
08.09.2022

EDITORIAL NO 036 | 2022

It was another remarkable week for liquified natural gas (LNG) orders in South Korea, with contracts worth over US$2.3 billion placed with several yards. Korean yards also won a series of orders for liquefied petroleum gas carriers. China booked…

New Ships
01.09.2022

EDITORIAL NO 035 | 2022

Demand for gas carriers continued this week with a European company placing a large order in South Korea. Chinese contracts included container ships, bulk carriers, a heavy lift freighter and a gas bunkering vessel. Moves to reduce pollution from…

New Ships
25.08.2022

EDITORIAL NO 034 | 2022

The global trend towards reducing pollution in shipping was behind many shipbuilding projects this week. China won orders for VLCC tankers and bulk carriers with LNG propulsion. An Asian shipping company has issued a tender to shipyards to build five…

New Ships
18.08.2022

EDITORIAL NO 033 | 2022

Once again, the boom in global demand for natural gas generated newbuilding orders this week. South Korea won a US$238.5 million gas carrier contract for an Asian customer. Korea is also set to win a large order for offshore gas development…

New Ships
11.08.2022

EDITORIAL NO 032 | 2022

The boom in demand for natural gas again generated major orders this week. South Korea won contracts worth US$1.5 billion for gas carriers destined to transport exports from Qatar. Japan won a deal for one combined liquefied petroleum gas and…

New Ships
04.08.2022

EDITORIAL NO 031 | 2022

A billion-dollar order for methanol-powered container ships is expected to be won by China, continuing the boom in contracts for boxships with reduced pollution. Chinese yards had a successful week, with contracts including container feeder ships,…

New Ships
28.07.2022

EDITORIAL NO 030 | 2022

A South Korean yard won a US$495 million contract for two liquefied natural gas (LNG) carriers from a European customer this week as LNG demand worldwide continues to rise. Orders won by Chinese yards this week included a tanker with dual-fuel…

New Ships
21.07.2022

EDITORIAL NO 029 | 2022

South Korea won another large order for container vessels this week as the boom in container shipping continues. Chinese orders included heavy-lift freighters, car carriers and a wind farm installation platform. In the naval sector, more new…

New Ships
14.07.2022

EDITORIAL NO 028 | 2022

A 1.2 billion euro cruise ship contract for an unnamed customer was announced in Europe this week, bringing more hopes the cruise sector is recovering from the pandemic. South Korean orders included a large ferry and a deal for product carriers.…

New Ships
07.07.2022

EDITORIAL NO 027 | 2022

In Europe, an initial deal for gas-powered cruise ships was announced, bringing hope the cruise sector may be recovering from the pandemic. US$2.2 billion worth of orders for gas carriers were placed in South Korea. A South Korean yard also said it…

New Ships
30.06.2022

EDITORIAL NO 026 | 2022

Chinese yards had a busy week with orders including feeder container ships, bulk carriers and tankers. Alternative fuels for ships were again a dominant theme this week. A Japanese consortium announced the start of a joint project aimed at developing…

New Ships
23.06.2022

EDITORIAL NO 025 | 2022

South Korea this week won contracts worth US$3 billion for 14 liquefied natural gas (LNG) carriers as demand for liquified natural gas (LNG) continues to surge. Chinese energy groups are separately seeking yards to build 15 gas carriers. Chinese…

New Ships
16.06.2022

EDITORIAL NO 024 | 2022

Overall, it was a quiet week for orders in the main Asian shipbuilding countries, with uncertainty about global economic growth, high prices caused by expensive commodities and a lack of newbuilding slots after the recent order surge burdening the…