With capesize values seen at a discount, Greeks have engaged in a buying spree of secondhand tonnage.
Players in Athens and Piraeus are known or reported to have acquired up to four capesizes in a single week, from sellers in the Far East and northern Europe.
“There’s real commotion with Greeks and capesizes right now,” said Zisis Stilianos, Athens-based sale-and-purchase broker with Intermodal.
