Greek Shipowners Leaders In The Secondary Market Once Again

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In the first quarter of 2024, purchase and sale agreements of approximately 500 ships, with a capacity of more than 36 million dwt, were recorded based on domestic shipping companies

High growth rates

The secondary market of ships shows high growth rates with Greek shipowners playing a leading role both as buyers and as sellers.

According to shipping brokerage Xclusiv Shipbrokers, prices for bulk carriers of all ages and sizes rose 1%-39% year-on-year in April, while those for tankers were up 7%-28% during the same period.

The only exception are the 15-year-old super-tankers (VLCCs), whose prices are down 5% compared to last year.

Bulkers

At the same time, in another purely Greek deal, Ecocarriers Maritime has reportedly sold the supramax Ecoocean (capacity 55,636 dwt and built in 2011) to Graham Shipping, based in Voula.

Brokers are quoting a price of around 18.2 million dollars, up significantly from the 15.8 million dollars paid about a month ago for the same type, but a year older Konrad Schulte.

Tankers

Deals have also been recorded in the tanker market. The identity of the new buyer of the LR2 Aurviken oil product tanker (112,802 dwt capacity and built in 2019), which was sold at the end of March, has been revealed in recent days.

According to shipping databases, the vessel recently changed its name to Aldebaran and is now located in the fleet of the Greek interest Eurotankers.

The Greek shipping company has strengthened its fleet with three more tankers from the secondary market during this year. More specifically, three chemical/product tankers built in 2008-2009.

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Source : Naftemporiki