Thursday December 18, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek shipowners continue to invest in fleet renewal

By Nikos Roussanoglou

Greek shipowners invested a total of 702.5 million euros in June in the rejuvenation of their fleets, both through the submission of orders for new vessels and through the acquisition of used ones.

According to data from brokerage firm Golden Destiny, a total of 408 million euros was invested in new ship orders, although the actual sum is higher given that this does not include certain orders the amount of which has not been divulged.

In total there were 29 new vessel orders last month, with an emphasis on the tanker market (19 ships). There were also orders for four liquefied natural gas (LNG) carriers.

In the second-hand market, Greek shipowners bought 22 vessels with a total value of 294.5 million euros and a combined estimated capacity 1.47 million deadweight tons (dwt).

In the first half of the year Greek shippers invested a total of 9 billion euros for the acquisition of new vessels and the purchase of used ones.

Data show that the Greek-owned fleet has welcomed a total of 411 new ships in the year to end-June. This concerns 218 new 193 used vessels.

In general, however, activity over the last couple of months on a global basis has shown a decline, following a high investment rate in the first few months of the year.

The drop in May and June is attributed mainly to the delay in the anticipated recovery in the market for chartering rates, especially in dry bulk, as well as to the gradual increase in ship prices.

Even so, in this two-month period of decline in global transactions and new orders, investments remain higher than in the same period last year, according to international data.

ekathimerini.com , Tuesday Jul 29, 2014 (23:02)  
Greek bond yields fall after ´friendly´ Schaeuble comments
No risk of contagion from Greek vote, Italy´s FinMin says
German finmin says Greece in better shape than expected
What SYRIZA says about Greece’s economy, its debt and the euro
Austerity curbed human rights in Greece, report says
Austerity measures adopted as a result of the economic crisis have adversely impacted human rights, including the rights to work and health, noted a report released on Thursday by the Intern...
Snap elections would lead to euro exit, says former premier
Former prime minister and New Democracy honorary president Constantinos Mitsotakis on Thursday issued a statement urging local parties to find some common ground and avoid leading the countr...
Inside News
BASKETBALL
Pappas helps Greens overcome Aris
An impressive Nikos Pappas averted an upset by Aris and ensured Panathinaikos retained its perfect record on Tuesday, one day after Olympiakos thrashed Panionios at Nea Smyrni for the Basket...
´Wee Jay´ and idol Georgios Samaras receive Greek sports journalists´ award at Athens gala
A 10-year-old Irish fan of Greek striker Georgios Samaras was in Athens on Monday at the invitation of the Greek Sports Journalists' Association, which honored outstanding achievements in sp...
Inside Sports
COMMENTARY
Europe´s drama in Greece needs final act to avoid tragedy
Judging from Wednesday's vote in the Greek parliament, Prime Minister Antonis Samaras may not get the mandate he wants to keep economic austerity measures in place and avoid defaulting on th...
COMMENTARY
A pointless battle
The public closely watched the first act in the three-part drama of Parliament’s election of a new president yesterday. The result was below the expectations of the New Democracy-PASOK coali...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek bond yields fall after ´friendly´ Schaeuble comments
2. No risk of contagion from Greek vote, Italy´s FinMin says
3. Austerity curbed human rights in Greece, report says
4. German finmin says Greece in better shape than expected
5. What SYRIZA says about Greece’s economy, its debt and the euro
6. Unemployment drops to 25.5 pct in Q3
more news
Today
This Week
1. Europe's drama in Greece needs final act to avoid tragedy
2. Election looms as Samaras fails to win vote for president
3. Kammenos maintains firm position, says general election is 'one-way street'
4. Eurozone bond yields fall as 'patient' Fed pleases investors
5. Merkel says Russia sanctions to remain unless Putin yields; Greece's prospects 'better than two years ago'
6. What SYRIZA says about Greece’s economy, its debt and the euro
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. East Europe scrambles for energy after Putin kills South Stream
6. Anarchist Nikos Romanos ends hunger strike
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.