Smaller dry bulk vessels the weapon of choice among Hellenic ship owners

With the Handymax sector now emerging as one of the most attractive among its piers, when it comes to looking for an added value n terms of supply/demand balance is shaping in the years to come, it’s no surprise that Hellenic ship owners are actively on the lookout for more investments towards that direction. According to a recent report from N.Cotzias Shipping Group, which looks to the current ‘competition’ between the Hellenic and the Chinese maritime communities for the global lead in terms of fleet sizees, ‘Chinese buyers prefer larger ships possibly with focus that these ships can server their own cargoes. The Greeks on the other hand buy dry cargo vessels with an average age of only 8 years, an average size of 60,000 tonnes at an average price of $35.6 US dollars. The Chinese buy older bigger and cheaper, with average age being 16.7 years, the average size 81,000 tonnes and average price paid $20 mil US dollars’ said the shipbroker.
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Source: Hellenic Shipping News