Inside the Markets - Greece Edition: Greek Owners Hold Firm as Freight Softens
Description
Greek shipping remains steady while global markets show signs of fatigue. In this Athens edition of Inside the Markets from GMS Podcasts, host Jamie speaks with Ilias Stasinos, Trader at GMS Greece, about how owners are managing the balance between strong freight earnings and weaker recycling prices.
Oil prices have fallen to around 60 dollars per barrel, freight indices have slipped, and steel markets remain uneven across the subcontinent. Despite that, Greek owners continue to keep their ships trading rather than recycling, with many expanding into Russian oil routes to capture stronger earnings.
Key Discussion Points
Freight and oil softness: how Greek owners are adjusting their trading strategies
India: active market under currency and steel pressure, with rupee near 88.7 per dollar
Pakistan: higher plate prices near 620 dollars per ton, but HKC certification still pending
Bangladesh: limited activity despite 18 HKC-approved yards and more upgrades on the way
Greece: why owners are focusing on trading opportunities over recycling in Q4
Market outlook: how geopolitics, currencies, and trade shifts may shape early 2026
From Athens to Alang and Gadani, the signal is clear. Owners are holding on to ships as long as trading income stays ahead of recycling prices, keeping tonnage supply thin as the year closes.
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