Greek companies engaged in large-scale purchasing during financial crisis

Since September 2008, Greek companies have engaged in large-scale purchasing of container ships, shows new data from Alphaliner. This development signals a new ownership structure behind the global container fleet, in which non-traditional ship owners are looking at attractive, historically low prices on new buildings of fuel-efficient ships.

BY OLE ANDERSEN

Published: 17.07.12 at 13:18

In recent years, Greek companies have made massive investments in new container ships since the beginning of the financial crisis in 2008. From September 2008 onward, Greek owners have been involved in 73 orders of 463000 TEU in new container ships, corresponding to 44 percent of the total capacity ordered by non-operating owners (NOO) during said period, writes Alphaliner.

British owners have also put in plenty of orders of new and second-hand container ships during the financial crisis, yet German owners still dominate the container ship market with a share of 57.4 percent of the NOO capacity and 33.1 percent of the total capacity.

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