Greek Tonnage Keeps on Skyrocketing Amidst Pandemic

5 mins read  Sealuminati TeamJune 9, 2021

The figures of Greek-owned shipping fleets of over twenty carriers have increased from 63 to 69 since the end of May 2020. The list has witnessed eight new entrants, led by Contships Management/ Nicos Pateras, a swarming buyer of feeder tonnage. Port service providers form two of the new additions out of eight. The list hasn’t seen a loss besides Optimum Shipmanagement Services. The companies linked to the stock-exchange listings are fifteen in number and include Attica Group, the Athens Stock Exchange-listed ro-pax operator, and the containership owner, Costamare. The apex of the list is occupied by New York-listed, Akti Miaouli-based, Angeliki Frangou’s Navios stable that owns a variegated fleet of about 181 vessels out of which there are 47 tankers, 92 bulkers, and 42 container vessels of 18.52m dwt.

The list encamps the four US-listed Navios companies except for the 230 figured fleet of Navios South American Logistics. Petros Pappas-led Nasdaq-listed Star Bulk/ Oceanbulk / OCC is second in the list and owns 153 units of 16.54m dwt including 135 bulkers. The ro-pax companies with a fleet of more than twenty ships are Kallithea, Attica Group operating under the Blue Star Ferries, Hellenic Seaways and Superfast Ferries banners, and SeaJets.

The upper end of the list has been very static over the past 12 months. MM Marine is a newcomer entering the list in 2020 and holds the position of being the operator of one of the largest and the most modern fleets of high-spec bunkering tankers. Kifissia, an Athens-based company joined the list with its 32-hefty fleet which comprises a variety of vessels of various tonnage.