Greek shipping

Sirens sounded this week in the all-important Greek shipping sector, a field where Greek interests traditionally enjoy top international rankings in terms of vessel ownership, revenues, tonnage and annual percentage of transported cargo.

By Ilias Bellos

The wide margin of difference between the health of Greek and German shipping is clearly illustrated by the deal for the sale of 14 oceangoing vessels by German bank HSH Nordbank AG debtor companies to Greek firm Navios, owned by Angeliki Frangou.

By Ilias Bellos

The Greek-owned merchant fleet remains a world leader in terms of value, with assets whose worth is estimated at $105.65 billion, above the combined fleets of the United Kingdom, Germany and Norway, according to data compiled by VesselsValue.com, which specializes in ocean-going ship valuations.

By Nikos Roussanoglou

Greeks have returned to the top spot in the global chart of merchant fleet capacity, according to data from Clarksons, the world’s leading provider of integrated shipping services.