Greek newbuilding activity eclipses secondhand dealmaking in first half

Key takeaways

• Hellenic fleet renewal is in full swing, with Chinese yards — mainly Hengli Shipbuilding — capturing the business
• Greek owners contracted twice as many newbuildings in the first half of the year as they acquired secondhand, underscoring the scale of their fleet renewal programme.
• Greek ordering has exceeded even China’s so far this year, boosting the size of the Hellenic orderbook to levels last seen during the 2008 crisis.