A clear trend has emerged in the S&P market so far in 2024. Greek owners have been aggressively selling their older ships, capitalizing on increased buying demand and adding cash in order to invest in their fleet’s modernization and future complian…
Greek Ship Owners Dispose of their Older Ships Read More »
The product tanker market could be headed for a rebound after a weak August. In its latest weekly report, shipbroker Gibson said that “August has seen the weakest clean tanker earnings for the year to date globally across all categories but as we noted…
Product Tanker Market Could Be Headed for a Rebound Read More »
The Greek fleet of all types and sizes of vessels went up by 85 vessels in 2023. Overall, the increase in DWT of all vessels and all types was 9.7m DWT. Vessels over 20,000 tons DWT went up by 112 units comprising of 9m DWT. They are also run by 411 co…
Greek-owned Fleet Retains No1 Spot Read More »
According to the Union of Greek Shipowners’ Annual Report 2023–2024, Greece controlled more than 20% of global deadweight tonnage in 2023 and remains the number one ship- owning nation in the world. While the global market share claimed by Greece’s mar…
Newbuilding activity has witnessed a summer slowdown, but still several significant deals were concluded last week. In its latest weekly report, shipbroker Banchero Costa said that it was “a busy week for MSC: the company is expanding its fleet with a …
Newbuilding Activity Witnesses Summer Slowdown Read More »