The number of non-specialized general cargo ships in Germany is predicted to slightly decline from 71.97 thousand in 2024 to 71.27 thousand by 2028. Comparing the forecasted year-on-year figures, Germany likely saw a mild contraction per annum, with each year witnessing marginal percentage decreases. In 2023, the count stood at an actual figure of 72.12 thousand. Over the past five years, the compound annual growth rate (CAGR) would reflect a minor descent, emphasizing a slow-paced reduction in the fleet size.
Future trends to monitor involve technological advancements in shipbuilding, rising adoption of specialized vessels, and regulatory impacts, which could either further decline or potentially stabilize the number of general cargo ships. Sustainable shipping methods and compliance with environmental norms might instigate an industry shift that could impact these forecasts.
