Petrofin Research’s latest annual survey of the Greek-owned fleet predicts further sizeable consolidation within the dry bulk space.
Big listed Greek entities have been at the forefront of recent dry bulk merger activities, something analysts at the Athens-based financial institution reckon will continue.
“The recent moves towards dry bulk mergers should also be seen as part of Greek listed companies who wish to become more attractive in the equity and bonds market and thus be in a better position to grow their fleets inexpensively and safely,” the survey noted, adding: “The consolidation trend leading to the creation of ‘jumbo’ dry bulk concerns with fleets of over 100 vessels is thus continuing and is expected to gather pace in the years to come.”
