New Ships Editorials

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…

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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…

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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…

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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…

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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…

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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.…

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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…

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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…

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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…

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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…

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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…

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EDITORIAL NO 051 | 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…

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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…

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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,…

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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…

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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…

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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.…

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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…

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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…

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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…

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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…

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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…

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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.…

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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…

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