Greeks emerge as net buyers in sale-and-purchase transactions

Greek shipowners took a break from the secondhand market last year with many of the big guns loading up on newbuildings, particularly LNG carriers.

Data for 2018 also shows the value of secondhand tanker transactions paled in comparison with newbuilding orders, while secondhand moves in other segments continued, on average, making the country’s fleet younger and bigger.

Hellenic players acquired 290 vessels last year, a drop of 4.6%