
The Greek Flag is included among the top performers in the 2023/24 Shipping Industry Flag State Performance Table, according to the International Chamber of Shipping (ICS).
The high performance of the Greek flag is evident in all categories, both in terms of the United States Coast Guard and in Europe with the Paris MOU, as well as in Asia based on the Tokyo MOU.
Positive performance indicators are shown as green squares on the Table, with Greece scoring positively across all 6 categories and their subsequent 19 sub-categories, including Port State Control (PSC), Ratification of Conventions, RO (Recognized Organizations), Age (Low Average Age), Reports, and IMCO (Inter-Governmental Maritime Consultative Organization.
According to the report of the International Maritime Chamber, the overwhelming majority of flag states show ongoing positive performances in terms of the safety and environmental performance of commercial vessels.
Greece, Bermuda, the Cayman Islands, Denmark, Hong Kong (China), Japan, Liberia, Malta, the Marshall Islands, Norway, Portugal, Singapore, and the United Kingdom are among the countries that exhibit positive indicators for all criteria.
The Table summarises factual information in the public domain that might help assess the performance of flag States.
Port State Control (PSC) is the inspection of foreign ships in national ports to verify that the condition of the ship and its equipment comply with the requirements of international regulations and that the ship is manned and operated in compliance with these rules.
The International Convention for the Safety of Life at Sea (SOLAS) is an international maritime treaty that sets out minimum safety standards in the construction, equipment, and operation of merchant ships
The International Chamber of Shipping (ICS) is the global trade association representing national shipowners’ associations from Asia, Africa, the Americas and Europe and more than 80% of the world’s merchant fleet.
Source: tovima.com


Latest News

Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy

EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.

The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)