
An impressive video presented during the second part of the annual meeting of the Union of Greek Shipowners (UGS) at the Onassis Stegi in Athens, last Wednesday, by UGS President Melina Travlos highlighted the widespread contribution of Greek shipping in all facets of society and its dynamic performance globally.
The video, screened before the introduction of Arsenio Dominguez, the Secretary General of the International Maritime Organization of the UN at the podium, showed a slew of facts and figures confirming the leading role of Greek shipping.
Greek Shipping held 20% of the global capacity; 23% of the liquefied natural gas (LNG) carrier fleet; 30% of the global tanker fleet; and 25% of the global bulk carrier fleet.
The Greek-owned fleet includes 2602 Bulk carriers, 507 Chemical & product tankers, 910 Oil tankers, 147 LNG carriers, 163 LPG carriers, 504 Containerships, 229 General cargo ships, and 71 Vehicle carriers.
Notably, Greek shipping is a pioneer in the use of alternative fuels, as it is the No. 1 largest fleet operating with this type of fuel:
6.7% of the Greek-owned fleet can use LNG dual-fuel, while the global fleet percentage is 5.3%.
It is the 2nd largest fleet with sulfur oxide (SOx) scrubber-fitted facilities, 36% of Greek-owned new tankers on order will be equipped with sulfur oxide scrubber systems, while the global fleet percentage is 24%, 35% of the Greek-owned fleet is equipped with energy-saving technologies, while the global fleet percentage is 23%.
Additionally, the video presents a part of the social contribution of Greek shipping:
- 130+ million euros to Greek society (2013-2023)
- 80+ million euros of social contribution
- 50+ million euros for the affected areas of Thessaly
- 100+1 scholarships for the academic year 2023-2024
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.)