Liquidity problems for shipbuilders and shipowners have played into the hands of the cash rich says Seasure Shipbroking's VesselsValue (VV) platform and has resulted in a flurry of orders this year, with Greek interests to the fore.
Greek shipowners are throwing their considerable weight behind the efforts of home marine equipment makers to be included on “makers lists” of shipbuilders in Asia and Europe.
The Marshall Islands has overtaken Liberia to become the world’s second largest ship registry boosted by Greek and Chinese owners.
European politicians and legislators both in the European Union and in Greece have to realise shipping is a pillar of the European economy and Greek shipping is a pillar of European shipping and is vital to the economic welfare of all of Europe.
John Angelicoussis, the principal of the privately held Angelicoussis Shipping Group, gave the audience at Marine Money in New York this an insight into how his company has become Greece’s largest shipowner in tonnage terms.
There is no doubt the pace of ordering new ships has slowed in recent years, but Greek shipowners continue to expand and upgrade their fleets ordering new ships and moving re-sale opportunities buying ships off the newbuilding berth.