Greek owners keep investment ‘appetite’ firm with new tanker orders in June

Greek shipowners maintained a firm investment ‘appetite’ in the newbuilding projects during June, while secondhand activity remained limited in both the dry bulk and tanker sectors.

According to data compiled by Allied Shipbroking, newbuilding transactions dominated the month, showing clearly that the Greek investment appetite for newbuild ships has not slowed.

Allied Shipbroking reported last week that Greek-linked newbuilding activity stayed ahead of secondhand in June, with tankers leading overall contracting. Container vessels and dry bulk carriers also remained active, while secondhand activity stayed more limited and focused.

The Greek broker in its weekly Allied QuantumSea Research noted that Greek shipowners’ newbuilding investment was led in June by tankers, followed by containers and dry bulk, with orders placed almost entirely at Chinese shipyards.

Secondhand activity was more limited and targeted, with buying focused on dry bulk and LR1 product tankers and selling mainly in dry bulk, leaving the overall picture firmly