Tradewinds: Top of the Tanker Tree

“A switch in emphasis from expanding through the secondhand sale-and-purchase (S&P) market to investing heavily in newbuildings over the past decade has seen Greece strengthen its position as the leading independent tanker-owning nation. US shipbroker Poten & Partners calculates that the Greek tanker fleet now represents 19% of the world fleet with 642 vessels, as compared with 13% in 1995 when it controlled just 287 vessels.”