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 Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

COSCO Delivers Bulker

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

NewLead Fixes Newcomer, "Newlead Castellano"

NewLead Holdings Ltd. announced today that it has entered into a time charter contract for the recently delivered Handysize vessel, the "Newlead Castellano".

Great Lakes Coal up More Than 12% in September

Lake Carriers’ Association reported that coal shipments on the Great Lakes totaled 3 million tons in September, an increase of more than 12 percent compared to a year ago.

News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

USCG to Ensure Safety During World Series

The Coast Guard and local agencies are working to ensure the safety of boaters and baseball fans during World Series games at AT&T Park this weekend. The

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2272 sec (4 req/sec)