
A trading explosion occurred in the secondhand ship market during the first half of 2021 according to Allied Shipborking.
In the first half of 2021, 1,060 ships worth $ 15.3 billion changed hands, about the same as in the whole of 2020 when 1,188 ships worth $ 16.5 billion were bought and sold. In the first half of last year, only 504 transactions were made.
Of the 1,060 ships, 515 worth $ 7.27 billion were in bulk dry cargo. During the same period last year, 193 Bulkers had changed hands.
They are followed by tankers with transactions involving 270 ships worth $ 5.24 billion (183 transactions last year) and containerships with 178 ships worth $ 2.09 billion changing hands (59 last year).
Greek shipowners were champions for another year in the purchase and sale of ships as they invested 3.76 billion dollars for the purchases of 228 ships with the Chinese following in second place investing 2.55 billion dollars for the purchases of 189 ships.
The Japanese were first as sellers with 156 ships, of which 117 are Bulk carriers while in second place are the Greek shipowners with 128 ships.
Of the 228 ships purchased by the Greeks, more than half (144) were bulk carriers for which they spent $ 2.24 billion, while they also acquired 53 tankers for $ 1.11 billion and 21 container ships with only $ 110 million


Latest News

Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.

Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.

Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.

WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region

Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)

Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.

Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.

Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread