Greeks Buy Secondhand Tirelessly
Greek ship investment in the first half of the year (January - June 2012) exceed USD 1.4bn, according to data released by Allied Shipbroking.
In the first six months of 2012 Greek owners purchased 77 vessels from a total of 444 vessels traded overall.
For dry bulk carriers, a total of USD 643 million were invested while USD 457 million was spent on tanker vessels and USD 352 million for containerships.
Allied Shipbroking notes that although S&P activity has halved in comparison to the same period in 2011, Greek owners have almost fully maintained their dynamic.
Meanwhile, Greek owners opted for secondhand tankers in May 2012, the Golden Destiny Monthly Market Report reveals. Six tanker vessels (532.597 dwt) were snapped up by Greeks for a total of USD 127.5 million while three bulk carriers (208.928 dwt), three containerships (169.600 dwt) and one gas carrier (4.316 dwt) were also acquired by Greek buyers for USD 66.5 million, USD 85 million and USD 2.5 million respectively.


