Compiled by S&P Global Market Intelligence, the report showcases remarkable growth in the number of vessels, deadweight, and gross tonnage.

As of March 4, 2024, Greek interests command a fleet of 4,212 vessels across various categories, boasting a total tonnage of 335.2 million deadweight tons (dwt) and 208.3 million gross tons (gt). This marks a significant increase over the past year.

Liberia and the Marshall Islands lead among the 32 flags utilized by the Greek fleet, with Liberia hosting 1,159 vessels and the Marshall Islands hosting 1,096 vessels in their registers. Liberia saw an increase of 79 vessels, while the Marshall Islands saw an increase of 34. Cyprus gained 19 vessels, and Portugal added two to their registers.

In terms of tonnage, Liberia represents 104.2 million dwt (29.3% of the total dwt), while the Marshall Islands represent 86.4 million dwt (24.3% of the total dwt) of the Greek-owned fleet.

Despite this growth, the Greek flag ranks third with 496 ships, totaling 51.7 million dwt (14.5% of the Greek fleet), showing a slight decrease in tonnage compared to the previous year.

The total number of ships registered under EU flags is 1,278, comprising 30.3% of the Greek fleet, which shows a slight decrease from the previous year.

Other flags experienced a slight decrease in registered vessels, with Malta losing 23 vessels and the Bahamas losing eight vessels. Panama, Bermuda, and the Isle of Man each lost two vessels. While the number of ships under the Greek flag remained the same, there was a slight decrease in tonnage.