Till November 2011, Greek shipowners have inked 10% of worldwide new orders by investing over $8.5 billion in newbuilding market, increasing by 20% year-on-year. However, the investment in dry bulk and tanker market has seen great declines this year. On the contrary, their orders for LNG carriers, containerships and other high value-added vessels are on the rise.
Of the total $8.5 billion, about $3.0 billion were invested in 46 boxships, $3.0 billion in gas carriers, 50% & 60% up compared with the same period of last year. Besides, the investment in oil drilling ships has risen from zero to $750 million, a great breakthrough for Greece.
On the other hand, Chinese shipowners spent $5.3 billion in newbuilding for 245 vessels of 16.4 million dwt, diving by 80% on year-on-year basis. Compared with Greek shipowners, China ordered more bulkers whose value is much lower against those high value-added vessels.