New Ships Editorials

EDITORIAL NO 022 | 2021

Huge newbuilding wins by South Korean yards continue, with the latest indications that Korean yards have won more contracts in the first five months of 2021 than in all of 2020. Over US$2.4 billion worth of Korean newbuilding orders were reported…

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EDITORIAL NO 021 | 2021

Record-high steel prices are holding back shipbuilding orders, as over 100 Chinese steel mills have raised prices. But Chinese and Korean yards still booked some decent contracts in the past week. European customers were behind orders for tankers and…

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EDITORIAL NO 020 | 2021

The naval sector was active this week, with a US$950 million naval vessel contract signed by an Arabian yard. Another Middle Eastern yard won a major export order from Asia. A contract for naval supply vessels is close to being awarded by a European…

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EDITORIAL NO 019 | 2021

Newbuilding orders remained active in Asia this week. China booked large contracts including container ships, LPG carriers and a big LNG bunker vessel. South Korea won a US$330 million order from Europe for a wind farm ship. Korean and Singapore…

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EDITORIAL NO 018 | 2021

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…

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EDITORIAL NO 017 | 2021

Some large orders were booked by the main Asian shipbuilding nations this week, with China reporting substantial deals. Business in China included a large car carrier of a new environmentally friendly design, a big series of product carriers and…

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EDITORIAL NO 016 | 2021

Major orders for container ships, tankers and bulk carriers worth US$970 billion were announced by a single yard in China this week. Other Chinese yards won orders including for container ships, bulk carriers and product tankers. In South Korea,…

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EDITORIAL NO 015 | 2021

South Korea and China again achieved a decent order volume this week. In China, a US$1.56 billion container ship order was confirmed along with other deals including bulk carriers. A US$202 million gas carrier order was won in Korea while a US$306…

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EDITORIAL NO 014 | 2021

The world shipbuilding market hardly saw a pause for the Easter holidays with brisk ordering continuing. Large deals were reported in China including for container ships won by several yards and bulk carriers. A big Chinese order for box carriers…

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EDITORIAL NO 013 | 2021

The first cruise ship order since the COVID-19 pandemic was placed in Europe this week. Huge deals were reported again this week in the key shipbuilders China and South Korea. Chinese orders included initial deals for container ships worth US$3.2…

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EDITORIAL NO 012 | 2021

After a relatively quiet period, Chinese yards were more successful in winning orders this week. Chinese deals included container ships, bulk carriers, chemical carriers and gas tankers. A major Asian shipping company confirmed plans for a US$2.6…

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EDITORIAL NO 011 | 2021

South Korean yards continued their remarkable run of success in early 2021 by signing orders worth about US$2 billion this week alone. VLCC oil tankers, gas carriers and petro chemical carriers were among the orders. More contracts are reported to be…

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EDITORIAL NO 010 | 2021

Very large orders were again reported in Asia this week as the global shipping industry recovers from the COVID-19 pandemic. Dual-fuel propulsion in new vessels remains a central requirement from customers. China won billions of dollars of contracts…

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EDITORIAL NO 009 | 2021

Bulk carriers and tankers were the main focus of newbuilding orders in China and South Korea this week. Another huge container ship order is seen to be close for South Korea. In Europe, specialist project cargo freighters were ordered while plans…

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EDITORIAL NO 008 | 2021

Newbuilding activity picked up this week as the Lunar New Year holiday period in Asia ended. South Korean yards are continuing their remarkable success, with hundreds of millions of dollars in orders from Asia, Europe, Africa reported this week.…

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EDITORIAL NO 007 | 2021

The lunar new year holiday in China, South Korea and elsewhere in Asia reduced newbuilding activity this week. But South Korean yards did report some substantial orders worth hundreds of millions of dollars including container ships and gas carriers.…

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EDITORIAL NO 006 | 2021

A healthy flow of new orders was seen in the biggest Asian shipbuilding countries this week. Billion-dollar orders for container ships and bulk carriers were reported in China. These included deals for 24,000-TEU container ships, among the biggest in…

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EDITORIAL NO 005 | 2021

A decent flow of orders continued this week in Asia with a series of individual contracts each worth over a hundred million dollars reported. China landed deals for a large series of dry cargo freighters from Europe while a major bulk carrier order…

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EDITORIAL NO 004 | 2021

A series of large orders valued in the hundreds of millions of dollars were reported this week in China, Japan and South Korea. Orders for feeder container ships were signed or are under negotiation in China. A large bulker order is also being…

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EDITORIAL NO 003 | 2021

A decent flow of orders was reported as placed or under discussion in China and South Korea this week with gas carriers and environmentally friendly vessels again leading the way. Market talk included a US$300 million gas carrier deal set to be…

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EDITORIAL NO 002 | 2021

Brisk newbuilding order activity was again seen this week, although not at the unusually high level seen at the end of December. South Korea reported orders worth hundreds of millions of dollars including gas carriers, product carriers and tankers.…

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EDITORIAL NO 001 | 2021

An end-of-the-year/early-new-year surge in newbuilding orders worth billions of dollars was seen. Chinese yards won orders for vessels including mega container ships, feeder container ships and tankers. South Korean yards won a billion dollar deal…

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EDITORIAL NO 051 | 2020

Asian yards were able to book some large year-end newbuilding orders this week. South Korea reported large orders including VLCC tankers and gas carriers. A US$2.3 billion Chinese offshore wind project was also reported. Chinese yards also got…

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EDITORIAL NO 050 | 2020

Some very large orders were placed or indicated this week as the year nears its close. Chinese shipping interests are ordering container ships while a major contract for VLCC tankers is also expected to be placed in China. Chinese yards also won bulk…

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Editorials

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