Greek owners pivot to secondhand tanker sales as keep their investment ‘appetite’ selective. Shipowners in Greece were mainly tanker sellers over the past month, as their newbuilding focus moved elsewhere.
According to data compiled by Allied Shipbroking, newbuilding activity remained ahead of secondhand acquisitions, with investment spread across dry bulk, container ships, LNG carriers and tankers.
Allied Shipbroking reported that dry bulk was the only segment active across both markets in July, while containers and LNG activity was concentrated entirely in newbuildings.
The broker in its weekly Allied QuantumSea Research noted that Greek owners were mainly sellers in July. In the secondhand sector, disposals dominated the rotation and activity showed a younger vessel buying profile.
Dry bulk was active on both sides of the secondhand market, while tanker secondhand activity consisted entirely of disposals.
Dry bulk acquisitions also had a younger average vessel age than the vessels sold, pointing to a selective fleet renewal of existing tonnage.
Meanwhile, the dry bulk led the newbuilding investment, followed by containerships, with additional investment in LNG and MR tankers.
Within dry bulk, investment favoured larger bulkers and supramax/ultramax tonnage, while panamax/kamsarmax vessels saw secondhand activity but no newbuilding orders.
In July, the Strait of Hormuz traffic remained well below normal, keeping East of Suez tanker deployment exposed to security and routing uncertainty.
Against this backdrop, tanker secondhand activity was weighted entirely toward sales, while forward newbuilding commitments were directed mainly toward dry bulk and containers.
