
The Hellenic Shipowners’ Association (HSA) welcomes the timely initiative of the Greek Prime Minister, Mr. Kyriakos Mitsotakis, to propose to the European Commission the establishment of a European Research Center for Alternative Marine Fuels and Technologies for the carbonization of the maritime sector.
“We support the Prime Minister’s proposal for the creation of a Research Center for Alternative Marine Fuels and Technologies in the European Union. With its maritime know-how, long-term experience and scientific training, Greece, as the first shipping country in the world, can substantially contribute to this goal. “We look forward to working with the European institutions and all stakeholders to promote the Greek initiative, in order to support the great effort required to have real environmental benefits alongside a sustainable European shipping,” said the EU President. Theodoros Veniamis.
The Shipowners’ Association has pointed out from the outset the lack of widely available technology that can offer a substantial reduction in greenhouse gas (GHG) emissions from ships. Without new marine fuels and related technologies available worldwide, carbon-free shipping will not be possible in a timely manner. In addition, the European Commission’s proposal to extend the EU Emissions Trading Scheme (EU ETS) to international shipping is absolutely necessary to be in line with the “polluter pays” principle, which implies the commercial operator’s compliance with the requirements. This principle is recognized in the context of this proposal of the Greek Prime Minister to the European Commission, the EU emphasizes in its announcement.
“We appreciate the recognition of the irreplaceable role of maritime transport for the EU and the world at large, and the recognition of the responsibility of non-maritime stakeholders, such as fuel producers and suppliers, charterers, shipyards and shipbuilding means for de-carbonization. Without their catalytic contribution, the shipping sector will remain trapped in coal and its long-term viability will be seriously threatened,” Mr Veniamis continued.
“We also declare our readiness to cooperate with the international community and all stakeholders in the International Maritime Organization, with which Greece maintains strong cohesive ties. “Greek shipowners are committed to assisting in the decoupling of the shipping industry, as soon as possible, from coal, contributing the most in this direction”, stressed Mr. Veniamis.


Latest News

Greek Government Reshuffle Brings in More Young Technocrats
Greek PM Mitsotakis has brought in younger leaders and technocrats in a bid to accelerate the government's efforts at modernization and efficiency, according to New Democracy insiders

Greece’s New Government Members Sworn in at Presidential Mansion
Greece's new government members were sworn in on Saturday morning and head straight to work through the first meeting of the new cabinet.

Moody’s Upgrades Greece to Investment Grade, Ending Crisis Era
The rating agency raised Greece’s long-term credit rating to Baa3 from Ba1, with a stable outlook.

EFET on World Consumer Day: Humanity Faces New Challenges
This year’s message emphasizes the need for a transition to sustainable lifestyles while safeguarding consumers’ legally recognized rights. This means ensuring access to essential goods such as food and energy, as well as health and safety.

Athens Hotels Lead Europe in Value Growth for Third Year
Over the entire period from 2015 to 2024, the average annual increase in hotel value was 6.1%.

Unemployment Rate in Greece Down 8.9% in January: IOBE
The unemployment rate in Greece recorded a further decline in January 2025, reaching 8.9%, according to the latest Foundation for Economic & Industrial Research (IOBE) report.

Demand for Short Term Rentals in Greece Surges Ahead of Easter
Among the most popular Easter destinations from Good Friday to Easter Monday are Corfu, Hydra, the Peloponnese, Ioannina, Patmos, Loutra Edipsou, Kavala, Thassos, and Pelion

Opposition Reacts Strongly to Greek Government Reshuffle
PASOK's spokesperson, Kostas Tsoukalas, characterized the reshuffle as a clear indication of Mitsotakis' "strategic deadlock."

Greece’s Economy Awaits Moody’s Verdict on Investment-Grade Rating
The stock market has reflected strong performance, with the general index showing resilience and a lack of inward-looking caution.

Greek PM Reshuffles Cabinet after No-Confidence Vote
The most notable changes in the Greek cabinet reshuffle include Kostis Hatzidakis being appointed Deputy Prime Minister and Kyriakos Pierrakakis taking over as Minister of National Economy and Finance.