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.
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.
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...
