EDITORIAL NO 020 | 2020

Merchant newbuilding orders continued at relatively low levels this week but with some signs of new activity. South Korean yards won orders from Greece for tankers, with talk low prices in the current depressed market are starting to spark purchase interest. The Netherlands won orders for a product tanker and a series of dredgers. European yards also won orders for smaller vessels including a ferry and wind farm support craft. The naval sector was active, with the British defence ministry to restart a tender to build naval supply vessels. The U.S. Navy plans to order a new concept for light landing ship while Australia’s huge submarine construction project is getting underway.