Hellenic owners invested in new ships worth $9.59bn last year with an upturn in appetite for big crude tankers, the broker said in its annual newbuilding survey.

This left Greek owners ahead of the $8.77bn invested by their Chinese counterparts during a year in which spending on newbuildings totalled $88.83bn, according to Golden Destiny’s numbers.

Tankers accounted for the largest slice of the Greek purse, the broker’s survey claims, with contracts worth $3.50bn