Ship owners top the charts in ship purchasing

After a break during 2009, ship owners from Hellas have returned to the top of the world in terms of ship acquisitions, especially when it comes to second hand vessel investments. According to the latest monthly report from N. Cotzias Shipping Group, Hellenic ship owners this year have been responsible for 25% of the world’s ship purchases. During the period from January of 2010 and up until the end of November, shipowners’ deals surpassed 25% of the global total ship transactions, having spent more than 8.29 billion dollars for 281 ships, out of which 221 were dry cargo ships, which comes to show that despite the dry bulk market twists and turns this year, it appears that long-term prospects appear appealing to ship owners, especially when considering current asset values.
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Source: Hellenic Shipping News