EDITORIAL NO 049 | 2021

Brisk orders continued in the leading Asian shipbuilding countries this week. South Korea’s deals included gas carriers, an offshore installation vessel, product carriers and container ships. China’s orders included dual-fuel gas carriers and chemical tankers. Japan won orders for a gas carrier and a specialist electricity transport vessel. The trend towards environment-friendly shipping generated more newbuilding projects in several regions including a sail-powered Arctic supply vessel for a European yard. In the naval sector, about US$597 million of finance was approved for an export naval order in Asia.