Greek shipowners order 60.4M dwt newbuilds, signaling fleet expansion

Greek shipowners have placed orders for 60.4 million deadweight tonnes of new vessels, marking a significant investment wave in shipping capacity for 2025. This orderbook expansion suggests confidence in future seaborne trade demand, though it may also signal potential oversupply risks in certain shipping segments. The scale of investment is notable for its potential impact on freight rates and shipyard capacity.