Greek shipowners thrive despite sanctions and green transition pressures
Greek shipowners are reporting increased profits and market dominance, controlling 20% of global tonnage and over 60% of the European fleet. Their success comes amidst global crises, international sanctions, and green transition challenges.
Greek shipowners are experiencing significant growth, reporting increased profits despite global challenges, including the Russia-Ukraine conflict and the Strait of Hormuz blockade. Leading figures from the sector convened in Athens for Posidonia, the world's largest maritime exhibition, held from June 1 to 5. Greece maintains its position as a dominant force in global shipping, controlling approximately 5,800 vessels, which accounts for about 20% of the world's total tonnage and over 60% of the European fleet. This expansion occurs amidst ongoing discussions regarding international sanctions and the maritime industry's transition towards greener practices.
Sources: Le Monde