Greek Shipowners Favor Selective Investment as July Vessel Sales Outpace Purchases

Greek shipping interests pursued a selective investment strategy in July, committing to new vessels with deliveries extending into 2030 while selling substantially more secondhand tonnage than they acquired, according to an Allied QuantumSea report.

Greek-linked shipowners placed 19 firm orders for newbuildings during the month, while another three vessels were covered by declared options, bringing the potential total to 22. In the secondhand market, 18 vessels changed hands, with Greek owners selling 14 and buying only four.

The investment pattern varied sharply by market segment. Dry bulk was the only sector in which Greek interests were active in both newbuildings and the secondhand market. Owners placed 10 firm orders for bulk carriers, while four secondhand bulkers were acquired and seven were sold.