Greek Flag Loses 62 Ships

The fleet registered under the Greek flag saw a significant loss of 62 ships during the year until March 1st, 2017, equivalent to 3.7 million DWT and 2.3 million GT.

The country’s fleet is now comprised of 747 ships, totaling 43.7 million GT and 75.2 million DWT, the Greek Shipping Cooperate Committee (GSCC) said in its latest report.

However, the Greek controlled fleet has increased in terms of DWT and GT. According to the data provided by IHS Markit, as of March 1st 2017, Greek interests controlled 4,085 vessels of various categories, of 328,763,767 total DWT and 192,430,519 total GT.

Compared with the previous year’s data, this represents a minor decrease of 7 vessels. Nevertheless, there was an increase of 8.1 million in DWT and of 3.5 million in GT. The figures include 196 vessels, of various categories, on order from shipyards.

The Greek controlled fleet is registered under some 41 flags. Out of these, Marshall Islands gained 74 ships, Liberia 31 ships, Cyprus 13 ships, as well as Malta 4 ships, the report said.

After the Marshal Island flag with 791 ships, with over 18.9% of total DWT of the Greek owned fleet on its register, Liberia follows with 775 Greek owned ships, Greece with 747 ships, Malta with 671 ships, Panama with 377 ships, Cyprus with 271 ships and the Bahamas with 248 ships.

With regard to the order book as per ship type, currently there are 75 oil tankers on order, 19 chemical & products tankers, 34 liquefied gas tankers, 49 ore & bulk carriers, 14 container ships, 5 other cargo ships and none passenger or cargo ships on order owned by Greek parent companies.

Greek parent companies represent the 25.2% of the world tanker fleet and the 16.2% of the ore and bulk fleet.

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