Greek shipping

Speaking at the Piraeus Shipping Club, Bank of Greece Governor Yannis Stournaras addressed the challenges facing Greek shipping.

He emphasized that despite the significant contribution of Greek shipping to the economy, accounting for 7.9% of GDP, policy measures are needed to attract more ships to sail under the Greek flag and increase their commercial management from Greece.

Athens and Piraeus have moved up to seventh place in the global ranking of the largest shipping metropolitan centers. It is the heart of Greek-owned shipping, which is the biggest force in the international shipping industry, and is home to Greek and foreign shipping companies as well as Greek and foreign shipping companies.

A Greek-operated but Marshall Islands-flagged bulk carrier off the Yemeni coast took on water after being targeted with three missiles, maritime security and shipping sources have said.

From 2021 and also in 2022, Greece is in the first position of operating large commercial vessels in the Mediterranean

Shipping and Island Policy Minister Christos Stylianides spoke about the possibilities of utilizing European financing tools for the green transition of ports and ships at an event held at the Eugenides Foundation in Athens on Friday afternoon.

Posidonia, the biennial shipping fair to be held this summer on June 3-7, remains steadily committed to attracting younger generations to the shipping industry, as is evident in the launch of the Posidonia Masterclass in Shipping online course.

The Ministry of Shipping and Island Policy is proceeding with the reformation of the way in which the routes of Greek shipping are managed and mainly how this is done at the country's ports.

Greek-owned shipping companies made investments in new and used ships of the order of 27 billion dollars last year, as they invest in the renewal of the Greek-owned fleet. No other nationality made a greater investment in 2023.

Spanish authorities have found three tons of cocaine worth 180 million euros on a Greek-managed cargo ship off the Canary Islands.

Despite all the difficulties the world economy has to face and given the fact that shipping is the real backbone of world trade and supply chains, as 90% of all goods are transported by sea, Greek shipping maintains its role in the industry, currently representing 21% of the global fleet and 59% of the European fleet, while the inflows into the Greek balance of payments from maritime transport