The continued concern about slack growth in the world economy are still keeping newbuilding orders well below volumes seen this time last year as investment decisions were postponed. But some big business was seen in the container ship sector. South…

Newbuilding activity remained sluggish overall this week as investment was held back due to uncertainty over the global economy. According to new figures, global commercial shipbuilding orders in January 2023 were down 63% compared to January 2022.…

This was another week with major business for liquefied natural gas (LNG) and other gas carriers. South Korea won a US$496.3 million contract for LNG carriers believed to be from a Japanese customer. A new concept of a gas carrier with green fuel…

The Lunar New Year holidays in China, South Korea and many other Asian countries this week reduced shipbuilding market activity below usual levels. But Chinese yards still achieved some big orders, with deals reported including container ships, car…

The gas carrier order boom continued this week with contracts totalling over US$1.2 billion placed in South Korea. One of the Korean orders for LNG carriers was thought to be for a European customer. Chinese yards won major contracts for car carriers…

A series of container ship orders have been placed this week. China won deals from Asia for 8,000-TEU vessels and Japan won orders for 5,920-TEU ships. Both China and Japan also lended orders for bulk carriers. An Indonesian shipping company said it…

The new year started with more contracts for LNG carriers following the order surge in 2022. A Chinese yard has expanded into LNG carriers with a Danish order. Other Chinese deals included a floating LNG production vessel for Africa and oil tankers…

The gas carrier order boom continued to the end of the year with more LNG contracts placed in South Korea, this time for Japanese/Indian and Middle Eastern customers. A major container ship order is also on the horizon for Korean yards. Chinese yards…

With extra shipping capacity presumably still needed to replace Russian supplies to Europe as the war in Ukraine continues, the week again saw more newbuilding business for LNG carriers. South Korea won a US$199 million LNG order said to be from a…

The gas carrier order boom continues with China winning a major contract. In Europe, projects to build floating gas vessels are underway to help replace Russian supplies. Other orders won by China this week included car carriers and bulk carriers,…

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…

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…

It was another week with large gas carrier orders as demand for gas imports continue to rise. South Korean yards won over half a billion dollars worth of gas carrier contracts. Shipbuilding orders in China this week included tankers and car carriers.…

What is believed to be the most expensive-ever merchant shipbuilding order for a single ship was placed in South Korea this week, beating the previous record-high order in October this year. The deal continued a successful run of gas carrier…

Multi-billion dollar orders were placed this week in both the merchant and naval shipbuilding sectors. China won a US$2.86 billion contract for very large container ships with green power along with a major order for LNG carriers. A US$1 billion…

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…

Another big gas carrier order was placed in South Korea this week with expectations of more demand for shipping as European and other importers seek liquified natural gas (LNG) deliveries by sea to replace Russian gas. Turkey won an order from a…

The rush for gas by importers around the world continues to generate shipbuilding orders, with deals worth US$2.7 billion close in Chin, and South Korea winning a US$243 million gas carrier deal this week. China additionally won orders for gas…

South Korean yards had a remarkable week with multi-billion dollar orders won. A US$1.14 billion contract from Europe for methanol-powered container ships was signed along with a US$1.3 billion gas carrier deal for Asian and European customers.…

Yards in China again had a busy week. Chinese orders included tankers with green designs for Scandinavia, gas carriers for several countries, bulk carriers and a new type of bunker vessel for ammonia. An Asian yard won a multi-billion dollar offshore…

Chinese yards had an excellent week with a series of major orders being negotiated or signed. These included container ships of up to 23,000 TEU, a series of 10 car carriers, large gas carriers and bulk carriers. South Korea won a US$421.5 million…

The cruise shipping sector continues to recover from the corona pandemic with a 1.7 billion euro newbuilding order placed this week in Europe. An initial deal for an environment-friendly cruise ship for operation in Scandinavia was also signed by…

It was another remarkable week for liquified natural gas (LNG) orders in South Korea, with contracts worth over US$2.3 billion placed with several yards. Korean yards also won a series of orders for liquefied petroleum gas carriers. China booked…

Demand for gas carriers continued this week with a European company placing a large order in South Korea. Chinese contracts included container ships, bulk carriers, a heavy lift freighter and a gas bunkering vessel. Moves to reduce pollution from…