EDITORIAL NO 020 | 2022

The newbuilding market for LNG carriers again generated huge orders for South Korean yards this week. A US$910 million order from Asia was signed along with US$672 million deal for Africa. More details were also given of an Asian project set to generate gas tanker contracts for both South Korea and China. China won orders from Europe for heavy lift freighters to help create an environment-friendly fleet for the customer. European naval shipyard industry consolidation is being viewed by the head of a major yard.