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…

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…