It was again a week with billion-dollar gas carrier newbuilding business in South Korea. South Korea also won a major tanker newbuilding contract. A US$3 billion fleet modernisation plan was announced by a shipping company in Asia, also including gas carriers. China won a large deal for an offshore installation vessel. A 200 million euro cable layer order was placed in Europe. In the naval sector, a Spanish-led group won a supply ship deal in Europe.