Greek owners are drivers of the world shipping industry. The Greek-controlled fleet, the largest commercial armada ever, powers ahead. Greek shipowners are major customers of ship yards around the globe; in 2016 some 365 ships of near 33m dwt were on order in China, Japan, South Korea, Finland, Philippines, Romania and Vietnam. Continuing the Greek fleet diversification, this included all ship types; VLCC, suezmax, aframax, LNG and LPG carriers, dry bulk carriers, multi-purpose vessels and container ships, drillships, offshore supply vessels and ro-pax units.
As they upgrade and expand their fleets, Greeks continue as leaders in the sale and purchase market ships and major customers of finance and insurance providers. Keeping the Greek fleet of around 335m dwt trading also makes Greek owners cherished customers of marine equipment manufacturers and suppliers. Complying with the avalanche of international regulations will see them investing billions of dollars in ballast water management (BWM) systems, air emission controls and Monitoring, Reporting and Verification (MRV). Plus the information technology and services supporting their ambitions.
Posidonia exhibitors are positioned at the heart of this multi-billion market, face to face with buyers ready to do business.
At Posidonia 2016, the Greek newbuilding orderbook stood at about $22bn, accounting for almost 10% of the total ships on order worldwide by vessel numbers. In the first three quarters of 2016, Greek interests had invested a confirmed $2.4bn on nearly 200 secondhand ships.