The merchant fleet of Greek interests seems to have shrunk over the past year, both in terms of the number of ships it includes and in terms of tonnage. In addition, the Greek-flagged merchant fleet was also reduced by 71 vessels.

Reducing the size of the Greek fleet set London Hellenic Maritime Cooperation Committee (GSCC), which published on Wednesday the 36th year in a row, the annual statistical report on Greek-controlled ships over 1,000 tonnes (GT) registered under the Greek and other flags. Shipping circles have attributed the reduction in the Greek fleet to the sale of used ships by Greek owners during recent market peaks and restraint on new orders until credible solutions can be found to drastically cut carbon emissions to keep new ships in line with the restrictions. projected for 2030 and 2050.

According to S&P Market Intelligence data processed by GSCC for the twelve months ending February 28, Greek interests controlled 4,113 vessels of various categories as of March 1, totaling 349,963,241 tons of DWT.

Compared to the previous year, this means a decrease of 27 vessels of 5,379,453 DWT. These figures also include 194 ships of various categories on order at the shipyards, with a total deadweight of 15,062,722 tons.

The fleet registered under the Greek flag has decreased for another year both in terms of the number of ships and tonnage and now consists of 499 ships compared to 570 ships in the previous twelve months. The Greek-controlled fleet is currently registered in 32 different registries.

Flag analysis shows that the Marshall Islands received 57 ships, Liberia 66 ships, Cyprus 4 ships, and the Bahamas 3 ships. In addition, Panama acquired 21 more ships of Greek interests. On the other hand, a decrease in the number of ships flying the flags of Malta, Singapore and Hong Kong was recorded. The losses for the Greek flag are 71 ships with a deadweight of 6,393,092 tons.

With regard to the order book at the shipyards of Greek shipping companies, in terms of ship types, there are currently 43 oil tankers, 3 chemical and product tankers, 64 gas carriers, 27 ore and bulk carriers, 54 container ships and 3 cargo ships ordered for Greek owners .