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Greek dry bulk operator Globus Maritime has taken delivery of the newbuild Ultramax carrier Glbs Olympia, expanding its fleet to ten vessels.
Piraeus-based tanker owner Kyklades Maritime Corporation has partnered with ShipMoney to introduce digital wage access for roughly 500 seafarers across 18 vessels.
Greek shipping interests have placed orders for 14 new vessels including VLCCs, LNG carriers and ammonia carriers as disruptions around the Strait of Hormuz tighten global tanker supply.
Greek shipping magnate George Procopiou has placed close to $3 billion in newbuilding orders across VLCCs, ammonia carriers and LNG carriers in just over a week, led by an eight-ship, near-$1 billion package at China’s Hengli Heavy Industry.
Greek shipowners are confronting a widening global shortfall of qualified officers, forcing the industry to rethink where it will source the seafarers needed to keep its fleet running.
Greece, Cyprus, Malta and Italy submitted a joint statement to the IMO calling for a global shipping decarbonisation approach based on fuel availability, cost and technological readiness, after four days of London talks failed to reach consensus.
A review of Greece’s port ownership structure shows Chinese, Italian and Greek private capital increasingly running key terminals alongside the Greek state, which retains ownership stakes across the network.
Greek shipping interests sold 316 vessels over the past rolling 12 months, more than any other nationality, as owners cash in on record secondhand valuations while simultaneously buying more ships than any other country.
Capital Tankers Corp, part of Greek shipowner Evangelos Marinakis’ Capital Maritime group, reported a $92.9 million net profit for the second quarter on strong spot-market exposure and a rapidly expanding fleet.
Sanctions, a growing shadow fleet and geopolitical tensions are redrawing global maritime trade routes, pushing compliance to the center of decision-making for Greek shipowners.
