Greek Shipowners Maintain Grip on Global Tanker Market

Greek shipowners continue to dominate the global tanker market, holding a commanding 16.9% share of the total order book, according to a recent report by Allied Shipbroking. This translates to 113 vessels out of a global total of 666, solidifying Greece’s position as a leader in the sector. Further demonstrating their market strength, Greek owners acquired 10% of all second-hand tankers sold worldwide in 2024.

The industry is experiencing a surge in new orders, with the current order book to fleet ratio (DWT) at 13.8%, a significant jump from 7% in 2023. Over half of all tanker orders placed in 2024 are scheduled for delivery by 2028, with 12.6% earmarked for 2028 or later, indicating continued confidence in the long-term prospects of the tanker market.

Key Players in the Greek Tanker Landscape:

Several prominent Greek shipping families maintain substantial tanker fleets, including:

• Tsakos Group/TEN (Panagiotis and Nikos Tsakos): 77 vessels
• Maran Tankers (Maria Angelikoussi): 64 vessels
• Dynacom (George Prokopiou): 67 vessels
• Thenamaris (Nikolas Martinos): 55 vessels
• Minerva Marine (Andreas Martinos): 54 vessels
• TMS/Cardiff (George Economou): 50 vessels
• Navios (Angeliki Frangou): 39 vessels
• Pantheon Tankers (Anna Angelikoussi): 39 vessels
• AVIN (Vardinoyannis family): 31 vessels

Recent Developments:

Several significant transactions and deliveries have taken place in recent weeks:

• TMS Group: George Economou’s TMS Group has expanded its fleet with the addition of two new Suezmax tankers, the M/T IPANEMA and M/T TOSKA, delivered by New Times Shipbuilding in China.
• Laskaridis Shipping: Panos Laskaridis’ Laskaridis Shipping has invested in two methanol-ready MR2 dual-fuel tankers, ordered from Zhoushan Changhong Shipyard, with deliveries anticipated in late 2025 and early 2026. This move signals a commitment to adopting cleaner fuels.
• Dynacom Tankers: George Prokopiou’s Dynacom Tankers has placed a substantial order for four Suezmax tankers, plus two options, with a Samsung/PaxOcean partnership. This $83 million per vessel deal marks Samsung’s first collaboration with a Chinese shipyard, highlighting the global nature of the shipbuilding industry and the high demand at Korean yards. Dynacom has also added four conventionally fueled product tankers to its order book from Yangzijiang Shipbuilding, valued at up to $55 million each, building on a previous order for two similar vessels in 2024.

These recent activities underscore the ongoing dynamism of the Greek shipping industry and its continued investment in the tanker sector. The commitment to both conventional and alternative fuel vessels suggests a strategic approach to navigating the evolving energy landscape.

Source: pagenews.gr