GREEK CONTROLLED SHIPPING  

Αn information paper based on data provided to the GSCC by

Lloyd’s Register of Shipping – Fairplay

For the 28^th consecutive year the GSCC presents statistical data, in the form of 11 tables, attached hereto, on Greek controlled ships over 1, 000 GT, registered under the Greek and other flags. The data has been provided by Lloyd’s Register – Fairplay. The following is a short analysis of the data, prepared by the Secretariat.

Information from Table 1, compared with corresponding data from the previous year, shows that, during the year to 10^th March, 2015, the Greek controlled fleet has increased in terms of ship numbers and also in terms of DW and GT. According to the data, as of 10.3.2015, Greek interests controlled 4, 057 vessels of various categories, of 314, 456, 451 total DWT and 184, 063, 875 total GT. Compared with the previous year’s data, this represents an increase of 156 vessels, of 23, 609, 319 DWT and 13, 079, 191 GT.  The figures include 374 vessels, of various categories, of  38, 039, 275 DWT and 23, 515, 651 GT, on order from shipyards.

The fleet registered under the Greek flag has increased in terms of ship numbers, DWT and GT, now comprising 839 ships, of 47, 185, 619 GT and 80, 472, 189 DWT.

TABLE 1: Flag Analysis of Ships owned by Greek Parent Companies

The Greek controlled fleet is registered under some 46 flags.

A comparison of table 1: Flag Analysis of Ships owned by Greek Parent Companies, which gives the total number of ships, total DW and total GT, registered under each of the main registries used by Greek owners, with the corresponding table of last year, shows that there were no significant losses in terms of ships. On the contrary, Liberia gained 61 ships, Marshall Islands 55, Greece 20, Bahamas 12, Malta 14, Cyprus 11 and Singapore 6.

The table below shows the biggest gains in number of ships, GT and DW in order of DW gained.

After the Greek flag, with 839 ships of 80, 472, 189 DW (OVER 25% OF TOTAL DWT of the Greek owned fleet} on its register, Liberia follows with 739 Greek owned ships of 54, 034, 080 DW, the Marshall Islands with 697 ships of 54, 806, 342 DW, Malta with 606 ships of 48, 550, 930 DW, Panama with 398 ships of 25, 210, 082 DW, Cyprus with 253 ships of 17, 689, 741 DW and the Bahamas with 243 ships of 17, 527, 315 DW.

TABLE 2: Ship Type and Age Analysis – Greek Parent Companies

Comparing Table 2 with the corresponding table of the previous year the following increases/decreases in number of ships and DW are noted.

TABLES 3 & 4: Ship Type and Age Analysis of the World Fleet and the Greek Fleet.

It is very satisfactory that with the exception of the Chemical and Product Tankers, Other Cargo and Passenger ship types, where slight decreases are noted, the percentage of all other types of Greek controlled vessels, has increased relative to the corresponding world fleet type for the year 2014.  As against the previous year, the position is as follows:

Oil Tankers

Percentage of number of ships 2014:            24.9

Percentage of number of ships, 2015:           27.1

Percentage of total DW 2014:                       24.0

Percentage of total DW 2015:                       26.6

Chemical & Products Tankers

Percentage of number of ships, 2014              8.4

Percentage of number of   ships, 2015:           8.0

Percentage of total DW 2014:                        13.9

Percentage of total DW 2015                         13.0

Liquefied Gas Carriers

Percentage of number of ships 2014:             10.9

Percentage of number of   ships, 2015:           10.9

Percentage of total DW 2014:                        10.6

Percentage of total DW 2015:                         10.4

Ore & Bulk Carriers

Percentage of number of ships 2014:           15.2

Percentage of number of   ships, 2015:        15.5

Percentage of total DW 2014:                      16.4

Percentage of total DW 2015:                      16.9

Container Ships

Percentage of number of ships 2014:            6.3

Percentage of number of   ships, 2015:         6.5

Percentage of total DW 2014:                       7.9

Percentage of total DW 2015                        7.9

Cargo Ships

Percentage of number of ships 2014:            1.8

Percentage of number of   ships, 2015:         1.8

Percentage of total DW 2014:                       1.6

Percentage of total DW 2015                        1.9

Other Cargo Ships

Percentage of number of ships 2014:            0.8

Percentage of number of   ships, 2015:         0.7

Percentage of total DW 2014:                       0.6

Percentage of total DW 2015                        1.0

Passenger Ships

Percentage of number of ships, 2014:             5.2

Percentage of number of   ships, 2015:           4.9

Percentage of total GT, 2014:                         4.2

Percentage of total GT, 2015:                         4.0

The Greek registered fleet as a percentage of the world fleet in terms of number of ships, GT, and DWT is 1.6, 3.5 and 4.1 respectively. It should, however, be noted that for oil tankers the percentages are 9.8, 10.0 and 10.1 respectively.

The involvement of Greek owners is particularly significant in the ship categories carrying the majority of the world’s bulk cargo. Overall the Greek owned fleet as a percentage of the world fleet stands at 7.6 in terms of ship numbers, 13.5 in terms of GT and 15.9 in terms of DWT.

TABLES 5 & 6 : Average Age Analysis of Existing Ships owned by Greek Parent Companies and World Fleet

The average age of the Greek controlled fleet in terms of ships has increased during the past year by 0.1 years, but nevertheless continues to be 2.5 years below the average age of the world fleet.  The average age of the Greek controlled fleet in term of ships now stands at 10 years as against 12.5 for the world fleet. It is 8 years in terms of GT and 7.9 in terms of DW.

The average age of the existing Greek flag fleet has decreased slightly, in terms of ship numbers, GT and DW, standing at 11.4, 8.3 and 8.2 years respectively as  against 11.5, 8.5, and 8.3 years in 2014.

TABLE 7: Class Analysis of Greek Parent Companies

The following seven major IACS Classification Societies have the majority of the Greek controlled fleet on the their books: Lloyd’s Register, with 830 ships (824 ships in 2014), ABS with  761 ships (732 ships in 2014), Nippon Kaiji Kyokai, (ClassNK) with  721 ships (644 ships in 2014), Bureau Veritas with 650 ships (603 in 2014), Det Norske Veritas (DNV)  with 427 ships (468 ships in 2014), Germanischer Lloyd (GL) with 278 ships (291 ships in 2014) and RINA 169 ships (171 ships in 2014).

Viewers can open herebelow the Zip with all relevant tables and information:

1000 GT 2015