The conflict in Ukraine continues to depress the global investment climate this week, but Chinese yards managed to win a series of newbuilding orders. Chinese contracts included container ships and gas carriers, while talks about further gas tanker and boxship deals for Chinese yards were also reported. European, South Korean and Latin American customers were behind US$1.3 billion contracts for container ships and gas carriers placed in Korea, while Japan won a series of gas carriers. In the naval sector, a European country awarded an important frigate design contract. In Europe, a yard with a long tradition was sold, giving new optimism for its future.