Greek spending spikes

TradeWinds digests the digits making the headlines this week.

Paper chase - key figures from shipping's favourite newspaper.

6.8bn: Cash spent by Greek owners in the sale-and-purchase market last year, up by two-thirds on the level seen in 2012, with Navios the most active buyer.

(Greek owners dig deep with buying bonanza)


3: Investors who initially backed the Genmar takeover of Maersk Tankers’ VLCCs but ended up on Euronav’s funding roster.

(Livid Genmar boss in legal threat)

$1.5bn: Potential value of trailblazing jack-up order which sees Evangelos Pistiolis become the first Greek to target the sector.

(Pistiolis lines up $1.5bn jack-up splash)

4.486bn: Second-hand buys completed by listed owners in 2013 amid claims they were driving up prices.

(Prices spike in focus amid a deluge of public money)

5: Vessels purchased by NG Moundreas in as many months in stealthy expansion drive.

(Moundreas quietly beefs up bulker presence)

74bn: Marine loans signed off by DNB in 2013 as the bank leads all comers for the fourth year in a row. 

(DNB tops league again)

140m: Newbuilding order placed by Golden Union as the Greek owner takes its backlog to 16.

(Golden Union goes to Avic)

Digital digits - numbers hitting the headlines on

735m: Loan package pending for Euronav as it completes Maersk deal which makes it the largest public pure-play crude tanker owner in the world.

(Euronav reveals VL funds / Locked and loaded)

20: Capes added by Scorpio Bulkers as the New York-listed owner fleshes out its huge orderbook.

(SALT swoops for 20 capes)


172m: Tonnes of crude oil shifted by Unipec as it remained the largest charterer of dirty tankers in 2013.

(Unipec retains crown)

3: VLCCs DHT now has on order after taking down a $92.7m option at Hyundai Heavy Industries.

(DHT makes it three)

27m: Value of Aker Philadelphia Shipyard shares purchased by Apollo Management as private equity firm becomes the shipyard’s main outside investor.

(Apollo backs Rokke)

659.607bn: Dollar value of the world fleet at the start of this year, a little more than the combined mass of ICBC, China Construction Bank and JPMorgan Chase – the top three listed companies in the world.

(Bigger than banks)