SHIPPING

Record investment by Greek shipowners

record-investment-by-greek-shipowners

The annual investment by Greek-owned shipping companies has already risen to the highest point in the last few decades, both in newbuilds and in second-hand vessels, amounting so far this year to at least $13 billion. By year-end this is expected to reach $14 billion and 450 ships.

VesselsValue data show that up to end-October Greek shipowners had placed orders for 99 vessels with an estimated value of $6.3 billion.

According to Allied Shipbroking, Greek shippers have also acquired 330 used vessels, investing $6.51 billion.

Most used ones are dry bulkers, followed by tankers, while tankers and containerships dominate the new orders.