Greek Owners Dominate Tanker S&P Market
Greek owners have maintained a strong presence in the tanker Sale & Purchase (S&P) market, with 61 vessel disposals between January and May 2026.
Tanker Sales Activity
A total of 318 tankers changed hands during the same period, with VLCCs leading the market with 76 transactions, followed by MR2 tankers with 74 deals.
- Greek-controlled interests topped the list of sellers with 61 vessel disposals.
- These sales are estimated at USD 2.8 billion out of a total market value of roughly USD 13.7 billion.
- Greek sales were concentrated primarily in the VLCC sector with 18 vessels, followed by 13 Suezmaxes and 9 MR2 tankers.
Newbuilding Market
Contracting activity remained exceptionally strong throughout the first five months of 2026, with a total of 280 tanker orders placed worldwide.
- Greek owners emerged as the dominant force, accounting for 111 vessels, equivalent to nearly 40% of all tanker contracts signed during the period.
- In value terms, Greek investment reached approximately USD 10.2 billion, representing more than 41% of global tanker newbuilding expenditure.