Despite depressed global shipping market, Greek shipowners have invested around $5.5bn in secondhand vessels, newbuilding resales and new ship orders during the first half of 2012.
According to Golden Destiny, Greek owners, during the first six months, have purchased a total of 83 vessels, $1.7bn through S&P market, while Allied Shipbroking estimated 88 vessels of $1.8bn, which shortly declined from $2.2bn, 95 vessels year-on-year.
Greek owners' secondhand purchase took around 15% of overall S&P market, which exceeded China, accounting for 9%. China only invested in overall $1.8bn in secondhand vessels and newbuildings during H1.
Of a total of 85 second-hand vessels purchased by the Greek, majority of them have been bulker and tanker, while containership has reached around 15 vessels. Also, during the same period, Greek owners have placed new orders for overall 70 newbuildings worth more than $3.6bn.