Greek owners are ploughing more money into newbuilds than at any time since 2013, according to new research from Clarksons Research.
Greek shipping companies committed 60% more newbuild investment year-on-year last year, investing around $18bn, the highest Greek investment by dwt since 2013, according to a new shipbuilding report from the British broker.
The first two weeks of 2024 have continued that bullish tone from Greek owners with broking reports full of orders from Greek tycoons at yards in Asia.
Last year marked the first time since 2018, when European owners committed more investment than their Asian counterparts, the new report observed.
Global shipyard forward cover over the last year has hit the highest levels since back in 2009 following the historic ordering boom from 2006 to 2008, according to Clarksons.
On the back of bumper orders from the likes of Greece and Qatar, Danish Ship Finance, meanwhile, is forecasting yard utilisation in South Korea, one of the top two shipbuilding nations in the world, will stand at 107% this year.
