A new wave of investment is sweeping the container shipping sector as feeder and regional-sized containerships return to the spotlight. Greek shipowners, including Lascot Shipping, CHIOS NAVIGATION COMPANY LIMITED, Chartworld Shipping Corporation, Minerva Marine Inc., and Heidmar Inc., have placed a series of fresh orders and acquisitions for vessels in the 1,700–3,100 TEU range. Chartworld Shipping signed an LoI for 2+2 new 3,100 TEU ships at New Dayang Shipbuilding (SUMEC), marking their return to shipbuilding after four years. Latsco has pivoted from tankers to boxships with 2+2 orders for 1,900 TEU vessels at Guangzhou Wenchong. Minerva Marine Inc. and Erasmus Shipinvest expand their fleets through secondhand purchases, while Heidmar Inc. has entered the feeder market with a $25.25M acquisition of a 1,698 TEU ship. Most of these orders are being placed at Chinese shipyards, reaffirming China’s position in the market. The surge in orders for sub-panamax vessels, market drivers such as aging fleets, and tight charter markets are fueling the momentum, though owners still face challenges in securing forward charters.
Greek Shipowners Lead Surge in Feeder Boxship Orders Amid Container Shipping Shift
Ella Trusteddocks
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