The appetite for newbuildings is evident as we move into 2018, with Greek owners continuing to building on an impressive $4.7 bn investment in projects in 2017. Indeed, over the turn of the year projects involving some 25 vessels surfaced involving a diversified range of ships costing their eight contracting principals over $1.4bn.
And just for the record Greek shipping companies invested a confirmed $4.7bn in the acquisition of used oceangoing vessels in 2017.
Spending spree was confirmed when Clarkson Research ranked Greek shipping top in transactions and among the biggest investors in new ships, with total investment exceeding $9.3bn for almost 400 vessels.
