VesselsValue published an infographic breaking down the Greek fleet by vessel type, top owning nations, S&P transactions, top Greek owners, CII distribution and the most valuable Greek vessels.
According to Rebecca Galanopoulos Jones, Senior content analyst, VesselsValue, “bulkers are the most popular vessels within the Greek fleet, with a total of 2,272 vessels, followed by Tankers with 1,450 vessels and Containers with 430 ships.” In fact, tankers are the most valuable sector for Greece, worth USD 61.03 bil.
This sector has recently seen extraordinary increases in values, which have hit 13 year highs over the last year. The price of a 15 year old Aframax of 110,000 DWT has surged by c.144% year on year from USD 16.17 mil to USD 39.43 mil
said Ms. Jones, explaining that this is due to improved demand fundamentals and increased opportunities. These have resulted from the ongoing conflict between Ukraine and Russia. Despite a relatively small fleet of 127 vessels, soaring global demand for LNG has sent the value of this fleet sky-high, with the fleet value for LNG carriers at USD 30.50 billion.
As far as the top-owning nations are concerned, the Greek fleet ranks third globally. This is both in relation to the number of vessels and total value, as the Greek fleet comprises 4,709 vessels live and on order and a total value USD 152.69 billion.
In terms of S&P, Greece is the second top seller of secondhand vessels in 2022, with 428 vessels sold and a total value of USD 11.7 billion.
Greece came behind China which sold 532 ships, receiving USD 12.93 billion. Greece was also the second biggest spender last year, splashing out USD 9.77 billion on a total of 376 vessels
Ms. Jones highlights.
Companies-wise, Maran Gas Maritime, the LNG arm of the Angelicoussis Group, is ranked first in a list of the top five Greek owners with a fleet value of USD 8.01 billion. More specifically, their fleet consists of 22 live vessels and a further 12 on order.
Thenamaris have the largest fleet with 95 vessels both live and on order and a total value of USD 5.24 billion. Tankers make up the majority of their trading fleet, accounting for 60% while the remainder consists of Bulkers, Containers, LNG, and LNG carriers.
Maran Tankers, also part of the Angelicoussis Group, came in third with a value of USD 4.62 billion and 56 vessels, followed by Minerva Maritime with a total value of USD 4.52 billion and 78 vessels. New York listed Tsakos Energy Navigation is ranked fifth with a value of USD 4.1 billion and consists of 68 vessels.
Decarbonisation is an increasingly high priority to the Greek Shipping community; a large proportion of the Greek owned fleet ranks highly in the new mandatory energy efficiency ratings from the International Maritime Organisation (IMO). Over a quarter of the fleet have achieved an estimated CII rating of ‘A’, and 64% of the fleet have received an estimated rating between A-C
Ms. Jones concludes.
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