Greek shipowners investing big

On the back of positive sentiment about the future, 2013 saw Greek shipowners placing a record number of orders, estimated at 25 per cent of the global orderbook, with shipbuilders remaining upbeat as to future newbuilding investments funded by Greek interests, Posidonia Exhibitions SA said on February 12 2014.

Last year Greek shipowners committed upwards of $13 billion to newbuilding orders for 275 vessels of more than 24.5m dw and increasing the dwt total on order for Greeks by 364 per cent.

Greek investment dominated the global orderbook across most vessel categories in 2013 investing $4.5 billion on bulkers which topped the shopping list with 134 orders with a further $4 billion destined for niche LPG and LNG builders for a combined 51 Greek-ordered vessels.

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