EDITORIAL NO 009 | 2020

Chinese shipbuilding orders remain at a very low level as the coronavirus continues to cause major economic disruption in the country and worldwide. Chinese yards are now getting back to work but delays in deliveries of new ships are expected following the compulsory holiday in the country. But not all Chinese yards are functioning fully. Brokers say the general economic uncertainty caused by the virus is causing delays in decisions about new investment projects including shipbuilding. South Korea confirmed a major order for a large gas carrier, while French interests were said to be behind plans for a huge order planned for liquefied natural gas (LNG) carriers to be built in South Korea. Iran revealed plans to order large numbers of ships from Iranian yards as sanctions continue to make it difficult for Iranian companies to place contracts in Asia.

Editorials
Article Editorial staff New Ships
Article Editorial staff New Ships