BUSINESS

Greeks rule the waves in containers, review shows

ILIAS BELLOS

TAGS: Shipping

Greek shipowners remain the dominant force in the global industry, staying on top of the tankers and dry-bulk carriers chart while also rising to third in containerships, according to the Review of Maritime Transport Review 2017 by the United Nations Conference on Trade and Development (UNCTAD). Greeks have also increased their lead in the global shipping list based on capacity.

Greek shipowners’ increased share in the containership market is remarkable: This is one of the sectors where the crisis in freight markets was particularly acute, so it is of additional significance that the Greek share has grown, mainly at the expense of German owners, to reach 8.13 percent in container capacity terms, compared to less than 3 percent at the start of the decade.

Greek-controlled containerships number 563, with an average capacity of 3,224 containers. At the same time, the share of the German-owned containership fleet has dropped from over 30 percent a few years ago to 21.46 percent. The average capacity of the 2,100 German ships is 2,277 containers.

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