BUSINESS

Greeks buy 26 ships in October

NIKOS ROUSSANOGLOU

TAGS: Shipping

Greek shipowners returned to the buying market in October as they acquired a total of 26 vessels, against seven in September and 10 in October 2015, data by Golden Destiny shipbrokers showed.

The reason Greeks spent a total of 322 million euros on ship acquisitions in October was the realization that vessel prices would probably not fall any further, at least for the foreseeable future.

Greeks also ordered five new vessels from shipyards, against no such orders in September. In October 2015 Greek shippers had ordered 10 new ships.

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