EDITORIAL NO 012 | 2020

Good news came at last this week for depressed Chinese yards with a massive order for container ships worth over US$1 billion. A Chinese yard is also set to win an order for two VLCC tankers from Greece. But overall the coronavirus continued to keep new merchant shipbuilding orders at low levels this week. With much of Europe going into lockdown to combat the disease, companies were once more postponing investment decisions until the massive economic cost becomes visible. A German shipyard has temporarily closed. The South Korean navy placed a major order for a frigate. Finland and Sweden agreed joint plans to design new icebreakers for government navigation services. The takeover of France’s largest shipyard by Italy is believed to be facing objections from European Union competition authorities.

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Article Editorial staff New Ships
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Article Editorial staff New Ships