The Liberian Ship Registry has become the leading flag of choice for Greek ship owners and operators, according to statistics produced by the independent research and information organisation Marine Information Services (MIS) in Greece.

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.

The Greek shipping community has long slammed the Athens government for not taking advantage of the potential the maritime industry offers to the struggling Greek economy and the latest overview of the Greek fleet adds weight to the argument.

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.

With a growth of 6.5% in vessel numbers and 10.26% in carrying capacity Greek shipping continued to power forward in 2016, an impressive feat, given the challenging market conditions limited cash flows and restricted bank lending.

The recent 100th anniversary of the Union of Greek Shipowners was truly a celebration of Greek shipping. Well attended, to the point, and relatively low key.

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.

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