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. South Korea received orders for product tankers from the Middle East. Turkey finalised an order for two RoRo passenger ferries. A European yard won orders for short-sea cargo vessels with a fuel-efficient design. In the naval sector, a European country is expected to announce plans for frigate construction this summer.