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FINANCIAL NEWS

Greek Shipowners Dealing With The 25% Of World Fleet

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Greek shipowners remain dominant in the sea but also in trading, doing business with the 25% of the world fleet. They stay at the top of deals, ending 2010, according to N. Cotzias Shipping Consultants.

During Jan-Nov period, the shipowners’ deals, especially in purchases, exceeded the 25% of world’s total transactions, spending more than 8.29 billion dollars for 281 ships. 221 of them were dry cargo ships.

Greek owners have bought 25.4% of tanker tonnage equivalent to 60 tankers and 8.319 million tones dwt. The total amount of tankers bought were 394 of a total capacity of 32,757 million dwt this year, says NCSC’s report.

Norwegian owners take the second position having bought 31 new ships and spending 951 million dollars, while Americans climbed at the third place.

Regarding to dry cargo ships, the Greeks maintained the lead over Chinese shipowners, having added 221 new ships to their fleet (24.6% of total purchases) and sold 161. They have added additional 11.66 million tons dwt capacity, which represents 28.53% of the total tonnage purchased in 2010. The value of the market shaped to 5.41 billion dollars, Cotzias Shipping Consultants noted.

The Chinese added 169 dry cargo ships to their fleet, spending 2.608 billion dollars. The Turks ranked third with 39 new ships since the beginning of the year.

November was strengthened in terms of transactions, as 81 deals of 3.8million tons, worth 1.4billion dollars took place.

Since the beginning of 2011, 911 ships have been sold for about 15 billion dollars, while for the Jan-Nov 2010 period the corresponding amount was 948 ships for 12 billion dollars. This clearly means that ships cost more and dealers shift into used ships market achieving lower prices.

Regarding to bulkers, 668 ships with an average capacity of 57,900 dwt and average price of 17 million dollars were sold in 2009. In 2010, 570 ships were sold of an average capacity of 60,500 dwt and average price of 26 million dollars.
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