By Antonis Tsimplakis

 

Greek shipping is the only sector of the country’s economy that shows such extroversion with significant presence in international stock markets, including US financial markets.

 

A total of 26 Greek shipping companies are currently listed on either the NYSE or the NASDAQ. They have a fleet of 914 ships of all types (tankers, bulk carriers, containerships, LNG carriers, LPG carriers) according to XRTC data and their capitalization, based on yahoo finance data on June 9, reached USD 9.6 billion, while their total credits are USD 14.93 billion based on their balance sheet figures at the end of 2022.

 

Star Bulk has the largest capitalization, with USD 1.9 billion and a fleet of 126 bulk carriers, followed by Danaos with USD 1.32 billion and a fleet of 68 containerships, Costamare with USD 1.11 billion and a fleet of 116 ships (containerships and bulk carriers), while Dorian LPG is close to USD 1 billion (USD 947.37 million) with 21 Very Large Gas Carriers.