Greeks’ frontrunners in fleet renewal as orderbook 7 times higher than 2021

Greeks continue investing heavily in newbuild ships and equipment with figures showing that Greek shipowners remain frontrunners in fleet renewal.

For yet another year, investments by Greek shipowners in newbuildings are increasing. Currently 725 vessels of Greek interests with a total capacity of 70 million dwt – a figure higher by 13 million compared to one year ago – are being built around the world, with a total value of US$60bn.

Compared to 2021, the Greek orderbook is 7 times higher in number of vessels and 5 times higher in terms of capacity.

Greek shipowners continue to invest in various types of vessels focusing on tankers, bulk carriers and LNG carriers, while containership orders are also on the rise.

The environmental performance of Greek shipping improves every year, with