EDITORIAL NO 043 | 2022

It was again a week with major gas carrier orders, with China seeking to break the dominance held by South Korea. A leading Chinese yard won its first liquified natural gas (LNG) carrier order after only signing a licence agreement for LNG tanks in September this year. About US$1 billion worth of gas and ethane carrier deals were won by another yard in China. But a South Korean yard also won a major contract for LNG carriers, said to involve one of the most expensive merchant vessels ever ordered in Korea. South Korea also won orders for tankers. In Europe, a yard will be sought to build two RoRo ferries.