Greek shipowner newbuild orderbook grows by over 50%

Greek shipowners have piled on newbuildings contracts over the last 12 months with the orderbook growing by over 50% according to figures published by the London-based Hellenic Shipping Cooperation Committee (GSCC). As a result, the fleet is 102 vessels larger than it was in March 2023 adding 5.99 million dwt, and 3.91 million gt, , indicating a growing enthusiasm among Greek shipowners for modern vessels.

The Greeks have a leading role in keeping shipbuilders busy and have an outstanding orderbook of 373 vessels with a total carrying capacity of a combined tonnage of 33.1 millon dwt and 22.9 million gt.

The Greek flag was the third largest with 496 ships, and totalling 51.7 million dwt, a slight decrease in tonnage terms over the previous year, and 14.5% of the Greek fleet as a whole.