Greek-owned merchant fleet larger than UK, Germany and Norway combined!

Net asset value worth over 105bln Euros

According to data by maritime site ‘’, the Greek merchant fleet is ranked on the top of global value. The aggregate asset worth of the Greek-owned fleet is larger than that of Norway, Britain and Germany combined! VesselsValue are specialists in appraising the worth of merchant fleets across the world and estimate the net value of the Greek-owned fleet at 105.65 billion Euros! Despite the negative economic climate in the dry bulk freight market, the Greek fleet raised its percentage in capacity to 20% compared to last year’s 17%, according to the latest report by Lloyd’s Register presented at the annual Union of Greek Shipowners. The Greek fleet has around 4,500 vessels that correspond to 19.63% of world dead weight tonnage (dwt).