Greek ship­pers more than dou­ble their or­ders

Kathimerini English - - Focus - NIKOS ROUSSANOGLOU

Greek-owned ship­ping com­pa­nies made a to­tal of 58 new ship or­ders in the first half of the year, which is more than twice the num­ber of or­ders made in the same pe­riod last year, ac­cord­ing to Ves­sel­sValue.

The data of the ship val­u­a­tions spe­cial­ists show that in Jan­uaryJune 2016 Greek shipown­ers or­dered just 28 ves­sels, a far cry from the 72 or­ders made in the first half of 2015.

On a global level or­ders in the year to end-June amounted to 245, down 3.5 per­cent from the 254 or­ders made a year ear­lier. Con­se­quently the ma­jor in­crease in Greek or­ders is of great sig­nif­i­cance, as it oc­curred dur­ing a pe­riod when the in­ter­na­tional mar­ket was in de­cline.

Greek ac­tiv­ity has re­stored Greek ship­ping on top of the ship­build­ing or­ders, as the run­ner-up is China, a dis­tant sec­ond with 40 new ships or­dered. There was a sig­nif­i­cant de- cline in de­mand from Ja­panese com­pa­nies, to just 13 in the Jan­uary-June 2017 pe­riod from 36 last year and 105 in the first half of 2015.

Data also point to Greeks stick­ing ex­clu­sively with the two main cat­e­gories of ships: Greek ship­pers or­dered 42 tankers and 16 dry-bulk car­ri­ers. No­tably in the last three years the 151 Greek or­ders have in­cluded 104 tankers, given the cri­sis in dry-bulk­ers.

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