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Annual research

Age Group Graph 5
The average age of the fleet managed by companies located Age distribution of the fleet by company size
in Piraeus and Athens has increased slightly in recent years. Source: Analysis of data sourced by Greek Shipping Publications
Note: Percentages lower than 5% are not included.
Currently, 12% of the fleet (650 vessels) are up to five years
old, 18% (981 vessels) belong to the 6-10-year age group, 36% Up to 5 6-10 11-15
(1,921 vessels) fall within the 11-15-year age group, 24% (1,293 years old years old years old
vessels) are 16-20 years old, 6% (315 vessels) belong to the
21-25-year age group, and 4% (180 vessels) are 26 years old 16-20 21-25 26 years old
or older. years old years old and above
The percentage of vessels up to ten years old has gradually
declined from 38% in 2023 to 30% in 2025. The percentage
of vessels 20 years or older has slightly increased to 10%
from 8% in the past few years.
Smaller companies tend to manage older vessels: only 4%
of their fleet is aged up to five years old, and 10% is aged 6-10
years old, compared to 12% and 18%, respectively, across the
total fleet. SMALL- MEDIUM- LARGE-
At the same time, 9% of the fleet of small-sized companies SIZED SIZED SIZED TOTAL
falls within the 21-25-year category, and 8% is at least 26 years
old. These percentages differ from the total fleet, where the 8%
respective percentages stand at 6% and 4%. Additionally, 5% 5%
41% of the vessels in small-sized companies are 11-15 years 6%
old, compared to 36% in the total fleet.
The older age of small companies’ fleets aligns with their 9%
broader management profile. These companies primarily
operate bulk carriers, particularly smaller bulk carriers, which 24%
typically have a longer economic lifespan. 23% 24%
The age distribution of medium-sized companies’ fleets
does not differ significantly from that of the total fleet.
The only notable difference is that 40% of their fleet is between
11 and 15 years old, compared to 36% across the total fleet. 28%
Large-sized companies, which tend to manage larger and less
flexible vessels, are the ones operating the most modern fleet
among the different company categories.
37% of the fleet in large-sized companies consists of vessels
up to ten years old. Given that 32% of their vessels are 11-15
years old, 69% (almost seven out of ten) of the vessels in large- 32%
sized companies are 15 years old or younger.
There are several notable differences over the past three years. 40% 36%
Between 2024 and 2025, the percentage of the small-sized
companies’ fleet aged 6-10 years dropped from 21% to 10%.
A significant percentage of the fleet was either sold or had been
on the threshold between the 6-10-year and 11-15-year age
groups, transitioning to the latter by 2025. The percentage 41%
in the 11-15 years age group increased from 38% to 41%,
while the 16-20 years group rose from 18% to 28%.
For medium-sized companies, a steady trend has been 22%
observed from 2023 to 2025, where vessels have transitioned
from the 6-10-year to the 11-15-year age group. In the corre- 18%
sponding 2023 research, 25% of medium-sized companies’ 17%
fleets belonged to the 6-10-year age group, while 37%
belonged to the 11-15-year age group. Today, these percentages
stand at 17% and 40% respectively.
For large-sized companies, the changes are less significant. 10% 15%
Between 2023 and 2025, the percentage of vessels aged 6-10 11% 12%
years gradually declined from 27% to 22%, while those in the
16-20-year group increased from 17% to 24%.

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