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Greeks own 59% of EU fleet, says President of Greek Shipowners Union

Shipping has operated and continues to operate as “a beacon of stability in a volatile global environment,” the president of the Union of Greek Shipowners, Melina Travlos, said on Thursday.

In a statement on the occasion of the Posidonia international shipping exhibition, to be held in Athens on June 6-10, Travlos stressed that the expo “is returning this year after a four-year absence due to the pandemic.”

“The Greek-owned fleet maintains its leading role in the shipping industry,” she noted. “Today it represents 21% of global tonnage and 59% of the European Union fleet. It controls 32% of the world fleet in tankers, 25% of bulk carriers and 22% of LNG carriers. Greek shipping, which is an integral part of European shipping, provides a strategic advantage to the European Union in its effort to ensure the adequacy and independence of its supply with essential goods and energy,” Travlos reportedly added.

Meanwhile, the German Federal government has signed a deal with Greek-owned shipping company Dynagas Ltd in a bid to reduce reliance on Russian gas. Germany has reportedly chartered two floating storage and regasification units (FSRU) from Dynagas Ltd.

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One comment

  1. It is great to see Greece keeping its great heritage on the high seas , however:- State-owned China COSCO Shipping first secured the right to operate parts of Piraeus in 2008. It acquired 51% of the port’s Greek state-owned operator in 2016, then increased its stake to 67% this October.
    The above fact could be described as sleepwalking into a geopolitical disaster akin to the present situation with the russian fuel supply chain to the EU ,it’s a source of great concern that successful Greek companies love low tax environments and foreign labour.