Shipping

Shipping is the cells running through the blood of the global economy, as around 90% of intercontinental trade goods are carried by ship. Without container ships, bulk carriers, tankers, and gas carriers, the international trade of commodities, manufactured goods and oil & gas would not be possible.

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Shipping is the least environmentally damaging form of commercial transport as it represents 2,6% of total greenhouse emissions when compared to aviation and trains which present higher carbon footprints.  In parallel, during the last decades, there has been a considerable reduction in the quantity of oil spilled into the sea, despite the significant growth in world seaborne trade.

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Cost, size, environmental performance, and safety are the main advantages of shipping over other means of transport. In a growing globalized economy, there is an ever-rising need for shipping greater cargo volumes in the shortest possible period at the lowest energy consumption. Given that de-carbonizing has become a top environmental priority for EU members nowadays, electric technologies and energy storage are emerging as alternatives to reduce fossil fuel consumption in the maritime shipping industry.

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Greek shipping is the main transport partner for the EU, which relies on shipping for 75% of its external trade. More specifically, as of Q1 2019, the Greek-owned fleet represented more than half of all EU-controlled tonnage with the Greek registry being the second largest in the EU. Greek shipping is committed to embracing clean-tech, digitalization, and the blue ocean initiative in order to remain an essential strategic partner not just for Europe but for the globe.