One of the largest ever orders for container ships won by Chinese yards was awarded this week, confirming China’s challenge of South Korea’s lead in the boxship sector. Large orders also won by Chinese yards for bulk carriers including vessels with LNG dual-fuel systems. South Korean yards were again successful in winning gas carrier orders, a sector which a new study shows Korea has dominated so far this year. Two major Asian yard groups reported strong profits in the first quarter of 2021, but for some earnings are still below pre-pandemic levels.

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Prospects & Orders

06.05.2021

Newbuildings planned after successful share issue

Danish offshore windfarm contractor Cadeler A/S plans to build two new…

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06.05.2021

Lürssen builds yacht with fuel cell technology

German yard Lürssen is building its first yacht with fuel cells for…

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06.05.2021

Titan LNG to increase LNG bunker availability with newbuilding

Dutch company Titan LNG, an independent supplier of LNG marine fuel,…

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06.05.2021

Plan revealed to have series of river-sea cargo vessels built

The Moscow-based leasing company GTLK-Finance has announced a tender…

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06.05.2021

Tender to build a pilot vessel for Baltic port

Russian state-owned port infrastructure company Rosmorport has…

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06.05.2021

New royal yacht for royal family planned

A new royal yacht for the British royal family could be ordered from…

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Inside Reports

06.05.2021

World’s biggest yard back in profit, earnings still below pre-pandemic level

South Korea’s Korea Shipbuilding & Offshore Engineering (KSOE), the…

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06.05.2021

Korea takes firm grip of LPG contracts

South Korean shipbuilders are enjoying a strong rise in orders for…

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06.05.2021

Chinese yard profits up, confidence as container ship orders surge

Chinese yard group Yangzijiang Shipbuilding (Holdings) has reported an…

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06.05.2021

Troubled European yard for sale

The insolvent German yard Nobiskrug is being put up for sale. The…

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06.05.2021

Proposal to give huge financial support to U.S. yards

A group of U.S. senators from the Democratic and Republican parties…

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29.04.2021

Global container ship orders rise, increase expected to continue

A strong expansion of world container shipping as Asian countries…

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