Greek Shipping Analysed in Terms of Type of Vessel

This is the second of a two part research analysis of the types of vessels
managed by Greek shipping companies.

By Ted Petropoulos, MD of Petrofin S.A. and
Isabella Constantinidou, Research Analyst of Petrofin S.A.

IThus far…

In the previous issue we examined the patterns of ownership according to type of vessel that emerge in the smaller fleets, i.e. 1-2, 3-4 and 5-8 vessel fleets. From the examination of these fleets the following distinct trends have emerged:

1. 84.4% of the entire Greek shipping presence belong to the smaller fleet categories (i.e. 705 shipmanagement companies managing 1,960 vessels), out of which 71.12% of these vessels are overage, namely over 20 years of age (i.e. 1,394 vessels out of 1,960).
2. The younger the fleets the more specialised they are, whereas the older the fleets the more fragmented in terms of types of vessels.

This is only an excerpt of Greek Shipping Analysed in Terms of Type of Vessel

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