Greece’s coastal shipping fleet is getting older with the average age of its vessels at 26 years, requiring investments for renewal, according to an XRTC report.
Athens is among the leading 15 maritime capitals and in the top two shipping centers of the world, according to the "Leading Maritime Capitals of the World" report for 2019.
Three Greek-owned groups are the top shippers of LNG (liquefied natural gas) in the US, followed by shipping giants from South Korea, China, and Europe.
The year comes to a close with even more new investments by Greek shipowners, who in 2018 acquired a total of 293 vessels in 1,400 transactions, according to Allied Shipbroking.
Greek shipowners invested over 10 billion dollars in new orders and the acquisition of second-hand vessels in the first 10 months of the year, according to shipbrokers Golden Destiny.
Greek shipowners are in the lead in terms of sales and purchases of used ships, with the country’s shipping companies topping Allied Shipbroking’s S&P list for the first half of 2018.
Smaller shipping companies have emerged the winners of the economic crisis, boosting their share of the market compared to major players, according to a study by XRTC Business Consultants.
The Greek government's economic policy council has decided to set up an inter-ministerial working group, with the aim to strengthen shipping and support maritime education.
Considered by foreign banks as the “Greek Risk”, Greece’s ferry shipping industry is faced with little financial support, which in addition to a series of internal and external factors, is taking a toll on the sector’s performance, according to an annual report released by XRTC...
Just three days before Christmas, Minoan Lines placed its newest high-speed vessel, Olympia Palace, on the Patras-Ancona route. The Olympia Palace is the fifth new vessel the Crete-based ferry line launched during 2001.
