COGNICURRENT

The global container shipping market is experiencing a prolonged decline in freight rates due to weak demand and increased shipping capacity.

The global container shipping market is entering a downward phase as spot rates decline for the fifth consecutive week due to weak demand and increasing capacity.

Greek shipowners are set to increase their ship orders with a notable rise in demand for new vessels, particularly containerships, as evidenced by recent agreements with shipbuilding companies in China.

The ship recycling market shows signs of recovery, with an anticipated surge in the scrapping of containerships as older vessels become less viable due to market oversupply.

Greek shipowners are rapidly increasing their orders, with 16 new ship orders placed in the first week of February following 47 orders in January.

The containership recycling market in Greece is poised for a significant increase in vessel scrappings, although trends vary across different shipping segments.

Venergy Maritime Limited, owned by Byron Vasileiadis, has finalized contracts for the construction of four 1,900 TEU feeder containerships at the Chinese shipyard Huangpu Wenchong, raising its total fleet construction program to six ships.

Greek shipping maintains a strong presence in bulk carriers, containerships, and tankers, focusing on fleet renewal and efficiency, with a total of 727 ships ordered in 2025.

Greek shipping maintains a strong presence in bulk carriers, containerships, tankers, LNG and LPG carriers, focusing on fleet renewal and efficiency.