EDITORIAL NO 036 | 2023

Chinese yards continued their domination of global shipbuilding orders this week, with big new contracts won and more under negotiation. Chinese deals included very large ammonia carriers and car carriers with low emissions for Europe, while a USD 700 million gas carrier contract for Chinese customers was confirmed. Other Chinese contracts included tankers for Germany, product carriers, bulk carriers, and a carbon dioxide carrier ordered for Scandinavia. Chinese yards are moving forward with talks about a major bulk carrier deal for South America. Meanwhile, large orders worldwide for floating gas terminals are expected, as many countries are expected to turn away from imports from Russia for the long term. The naval sector saw a major new project in Asia.