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Weathered wooden rowboat resting on calm reflective water at dusk, soft ripples and muted sky mirrored on the surface

Decks and Deals Weekly #31

Between 8–14 February 2026, the global shipping industry showcased a stark dichotomy: a record-breaking surge in newbuild orders, primarily in tankers, confronted the grim reality of looming overcapacity and falling freight rates

Aerial view of the Port of Piraeus at dusk, showing container terminals, cranes, shipping activity and the surrounding urban coastline

Shadows of espionage over Chinese investments in Greece

Rising security scrutiny around Chinese-linked investments is reshaping Greece’s port and shipping landscape, as an espionage case injects geopolitical risk into markets already navigating shifting EU and transatlantic investment priorities

Oil tanker at sea in heavy fog under overcast skies, partially obscured, isolated on calm water with low visibility

When the sea stops obeying the charts

Rethinking power, risk, and signal in the modern tanker market, this essay explores how perception, positioning, and reflexivity now shape freight behavior beyond traditional supply-and-demand logic

Aerial view of large container ships under construction at a major Asian shipyard, with cranes, dry docks, and multiple vessels visible

The 2026 global shipping outlook: A perfectly engineered glut

The global shipping outlook for 2026 is a masterclass in self-sabotage. After years of record profits, the industry has enthusiastically ordered enough new ships to guarantee a spectacular collapse in freight rates, creating chaos