ShippingWatch

Greek shipowners order tankers for billions

The boom in the tanker market has made many Greek shipowners order new tanker vessels. In March alone the shipowners invested around USD 900 million.

Greek shipowners have in recent months invested heavily in new tanker vessels. A clear sign of an attractive tanker market going forward, brokers tell Hellenic Shipping News.

In March alone, Greek stakeholders ordered 15 new tanker vessels for a total of around USD 900 million from shipyards in Asia, and in the first weeks of April additional newbuilding orders were placed for around USD 500 million, according to the brokers.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Growth prompts OSM to send 150 managers on a leadership course

An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.

MSC, Lufthansa mull acquiring Italian state aviation firm

The world’s largest container line, MSC, and German aviation company Lufthansa have offered to take over Italian state airline ITA, the former Alitalia. MSC and Lufthansa have requested a 90-day exclusivity period to closely examine ITA.

Further reading

Related articles

Latest news

See all jobs