ECONOMY

Greeks top global spending chart on secondhand ships

Greek shipowners remain the biggest spenders on vessels in the world, having invested over $2.3 billion in the first eight months of 2009 to buy 118 ships, according to the Allied ship brokerage firm. They are followed by the Chinese with $1.7 billion and the Norwegians with $559 million. Greeks have spent $1.7 billion this year on dry-bulk carriers, $535.5 million on tankers and $52.3 million on container ships. One reefer vessel bought cost $3.7 million. However, this is in contrast to last year’s spending on 197 ships, which reached $8 billion as far as Greek shipowners are concerned. That is also dwarfed by the $17 billion spent on 445 vessels in 2007.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.