With growth of 6.5\% in vessel numbers and 10.26\% in DWT terms the Hellenic shipping industry continued to power forward during 2016.

This is an impressive feat, given that this year’s market conditions were more than challenging in most segments, with dry bulk and container sectors suffering dearly. To make matters worse, apart from limited cash flows, ship owners had to deal with a restricted lending by most banks, thus lowering the amount of liquidity able to be sourced from traditional financiers.

In its annual report on the state of the Hellenic shipping industry (companies and fleet analysis), Petrofin Research said that the overall number of Greek vessels has gone up to 5,230 from 4,909. A summary of the fleet’s composition can be seen below:

 

2016 – RESEARCH AND ANALYSIS: GREEK SHIPPING COMPANIES 1ST PART OF 2016 PETROFIN RESEARCH

2016 – RESEARCH AND ANALYSIS: GREEK FLEET STATISTICS 2ND PART OF 2016 PETROFIN RESEARCH