Greek shipping is in the midst of an investment boom, with the country’s shipowners having 818 vessels currently on order, according to the annual survey by Petrofin Research on the financing of Greek shipping.
These orders correspond to a total carrying capacity of 76.3 million dwt. The figure is significantly higher compared with the end of 2025, when the Greek orderbook stood at 666 vessels with a carrying capacity of 59.7 million dwt, while in the meantime 77 vessels totaling 6.8 million dwt have also been delivered.
It is noted that at the end of 2024, the orderbook stood at 511 vessels with a capacity of 44 million dwt.
A key driver behind the surge in the Greek shipping industry’s investment rally has been bank financing, particularly from Greek banks.
Specifically, according to Petrofin Research’s annual survey, bank financing for Greek shipping recorded a particularly impressive increase of 11.5%, raising the total volume of Greek shipping loans — both drawn and approved but not yet disbursed — registered in Greece and internationally, to 59.687 billion dollars at the end of 2025. This marks the second consecutive year of growth, following 2024, when the total portfolio had reached 54.51 billion.
Greek banks, with the largest increase at 34%, showed strong acceleration and continued their upward trajectory.
Four Greek banks rank among the top five financiers of Greek shipping.
For the first time, National Bank of Greece topped the list, with its total portfolio reaching 6.475 billion dollars. Eurobank followed closely with 6.2 billion, while Piraeus Bank ranked third with 6.07 billion dollars.
Alpha Bank placed fifth on the list with 4.6 billion, while UBS — the only non-Greek bank in the top five — ranked fourth, with a portfolio amounting to 5.7 billion dollars.
Alongside them, Aegean Baltic Bank continues to grow with a portfolio of 526 million, as does CrediaBank with 476 million and the highest annual increase on the list at 134.5%, as well as Bank of Cyprus with 450 million dollars.
Source: Naftemporiki