Greeks invest nearly EUR 3 billion in vessels over Jan-Jul 2017 period

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The second hand market for ocean-going vessels recorded a turnover of 12.5 billion US dollars over the first seven months of 2017.

According to Allied Shipbroking, a total of 950 vessels changed hands between January and July 2017, compared to 714 vessels and a total outlay of 9.74 billion during the same period of 2016.

Greek shipping interests purchased 175 vessels in all types of categories, whereas during the first seven-month of 2016 the figure was 153 vessels, and a total investment of 1.95 billion euros.

Bulkers mostly dominated the interest of Greek shipping companies, with 114 and 118 purchased in 2017 and 2016, respectively; 37 and 19 tankers, respectively, during the same two-year period.

According to Golden Destiny, Greek shipping interests in July 2017 significantly slowed their purchases, something that was also cited for July 2016.

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