Greek shipowners are famous for their sale and purchase prowess but they may have some stiff competition from their Scandinavian peers, a study by VesselsValue suggests.

Its analysts crunched the numbers on transactions between 1 July last year and the end of June 2016 and found owners from Scandinavia had negotiated the best discount overall.

VesselsValue arrived at the figure by comparing the reported sale price with its assessment of the market value of the ship on the day of the deal.