EDITORIAL NO 048 | 2022

Another large order for LNG carriers was placed in South Korea this week, with a Scandinavian customer behind the contract. With Europe facing the challenge of coming through winter without Russian gas, brokers say disruption to power supplies could generate even more orders to increase gas imports by sea. China won orders for tankers from Scandinavia and from Chinese customers. A new US$720 million cruise ship construction project was announced in Japan. In the naval sector, a 620 million euro order for signal intelligence ships was placed in Europe while a major order was also announced in South America.