BIMCO: Greek Shipowners Prefer Bulkers

By Eric Haun
Monday, June 02, 2014

The buying interest from Greek ship owners is focused on bulkers to an increasing extent, BIMCO said. Data from VesselsValue.com reveal that Greek owners were at the buying end of 43% of all bulker sales completed so far in 2014. As of June 2014, the number of Greek bulker purchases so far is 91, compared to 81 for the full year of 2012. The level of activity seen so far in 2014 would suggest Greek owners are on target to top the 199 bulker purchases completed in 2013.

Chief Shipping Analyst at BIMCO, Peter Sand, said, "The interest is much centred on bulkers and has become more and more explicit over the past two years, whereas Greek buying interest in tankers and containerships is flat. The development gives insight into the minds of Greek owners and where they expect to see the biggest opportunities arise – sooner rather than later”.

No Capesizes were reported sold in 2014, and only four where bought. Purchasing interest has been the highest for the smaller ship sizes, with Handysize and Handymax/Supramax ships accounting for two thirds of the 91 purchases done.

The market share of Greek tanker purchases has averaged at 19% in the past 2.5 years. So far this year, Greek owners has bought 39 tankers, only 12 of these built before 2000.

A bit more optimism seems to have surrounded the container shipping segment in 2013, where 54 out of a total 197 deals done for onwards trading ended on Greek hands. In 2014, the tendency is one of less interest with a share of 19% a number on par with 2012.

“On the selling side the same pattern is disclosed as the Greek ship owners sell fewer and fewer bulkers. Greek owners have sold just 14 bulkers in 2014 as compared to 73 in 2013. They are clearly building on an already significant bulker fleet," Sand added.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter March 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

India's Highest non-coking coal discharge at Gangavaram Port

Gangavaram Port, the deepest and the most modern port in the country, has created yet another historical milestone record by discharging 1,56,339 metric tons of Non-Coking Coal from the vessel M.

Baltic Index Down on Lower Capesize, Panamax Rates

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Friday, as demand for capesize and panamax vessels fell.

Aging Seaborne Steel Products

In 2015, seaborne steel products trade accounted for around a fifth of minor bulk trade, having grown on average by 6 percent per annum since 2010, according to Clarksons Research.

News

Italian Ship Rescues 26 Migrants off Libya

An Italian merchant ship rescued 26 migrants off the coast of Libya in rough seas and others were feared missing, the Coast Guard said on Saturday. The Coast

Symphony Sun’ Launched in Leer

On Friday the 29th of April, Nb. 420 was launched in Leer. She was christened ‘Symphony Sun’ and is the fourth vessel in a series of 6 that will be delivered to Symphony Shipping.

ACR to Debut Pathfinder PRO SART at OTC

An important addition to any commercial vessel’s survival gear kit, the Pathfinder PRO SART is introduced by ACR Electronics, Inc. at this year’s OTC. The new search

 
 
Maritime Careers / Shipboard Positions Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0738 sec (14 req/sec)