The number of ships owned by Greek companies broke a new record in March, reaching 4,221 vessels and establishing the global leadership of the Greek-owned fleet, according to the latest data.
The annual survey, conducted on behalf of the Greek Shipping Cooperation Committee in London by S&P Global Market Intelligence, involves ships over 1,000 gt (gross tonnage, which is a nonlinear measure of a ship’s overall internal volume). According to the survey, in March 2025, the Greek-owned fleet numbered a record 4,221 ships of various categories, up from 4,212 in 2024. This represents an increase of nine ships, without including another 426 vessels of various categories ordered from shipyards.
However, in terms of capacity, the Greek-owned fleet saw a decrease of 1.11 million dwt (deadweight tonnage, that refers to the maximum weight a ship can carry when fully loaded), with a total capacity of 354,092,466 dwt (208,010,850 gt).
The number of ships owned by Greek companies and are registered under the Greek flag has also slightly decreased by 16 ships and is now comprising of 480 vessels. The Greek-controlled fleet is registered under 29 flags, while the Greek flag appears to be losing strength at a time when Greek shipowners are enhancing their presence in European registries. In particular, the total number of ships registered under EU flags amounts to 1,414 or 33.5 percent of the total fleet. Portugal gained a record of 62 vessels, Malta gained 51 and Cyprus 19 ships. The data, according to the survey, reflects the need for the Greek flag to be less bureaucratic and more flexible.
The Greek-owned fleet, a powerhouse of global shipping
Greek shipowners have long been at the forefront of the global maritime industry, controlling a significant portion of the world’s shipping capacity. With a tradition that dates back centuries, these individuals and families have built massive fleets that transport essential commodities across international waters. Today, they continue to influence global trade through their extensive networks and strategic operations.
Despite economic fluctuations and market shifts, Greek shipowners remain dominant players in the maritime sector. Their ability to adapt to changing regulations, technological advancements, and environmental concerns has ensured their continued success. As a result, Greece consistently ranks as the world’s largest ship-owning nation, boasting a fleet that spans various shipping sectors, from tankers to LNG carriers.
The dominance of Greek shipowners is no accident—it is the result of strategic foresight, resilience, and a deep-rooted maritime heritage. Throughout history, Greek shipping dynasties have leveraged their expertise, global networks, and ability to seize opportunities in volatile markets to cement their influence.
One key factor behind their success has been their willingness to embrace countercyclical investment strategies. Greek shipowners have a long-standing tradition of acquiring vessels when market conditions are unfavorable—when ship prices are low—and expanding their fleets in anticipation of future demand. This approach has allowed them to maintain a competitive edge while others struggle during downturns.
Additionally, Greek shipping magnates have demonstrated remarkable adaptability to shifting regulatory landscapes and technological advancements. They have invested heavily in modernizing their fleets, incorporating fuel-efficient designs, and positioning themselves as leaders in energy transition efforts. This proactive stance has enabled them to remain compliant with evolving international regulations while improving operational efficiency.