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 carriers and large support vessels for wind farms. South Korea won tanker deals. It was a good week for Europe, with contracts including a cruise ship for the Middle East and short-sea freighters. Turkish yards also had another active week, winning an unusual contract for a sail-powered freighter from Europe and also large naval vessel contracts.