Greek shipping "moves the world" β Why the two superpowers "bow" to the Greek-owned fleet
The Greek-owned fleet, accounting for 19.1% of the world's shipping capacity, plays a crucial role in the economies of Europe, the US, and China, driving energy and food security.
The Greek-owned shipping fleet, as reported by the Union of Greek Shipowners, constitutes 19.1% of global transport capacity and is recognized as a strategic pillar for the economies of Europe, the United States, and China. This significant presence highlights Greece's industrial prowess in the shipping sector, which not only contributes to economic growth but also plays a vital role in global logistics, particularly for energy and food supplies. The President of the Union of Greek Shipowners, Mrs. Melina Traoulou, recently emphasized the importance of the maritime sector in ensuring the safety of energy and food supplies in Europe.
In specific terms, Greek shipowners manage over 26% of the worldβs oil tanker fleet and 23% of LNG carriers, indicating that nearly one in four vessels transporting energy products is owned by Greeks. Additionally, they control around 16% of bulk carriers that are vital for transporting raw materials and grains. This extensive control over critical shipping sectors places Greece at the center of global maritime trade and shows the level of influence and trust within the industry from international partners.
Moreover, this vast network of Greek shipping is recognized and valued by global partners including the US and China. The newly appointed director of the Chinese Classification Society in Greece, Cui Yuwei, recently outlined the significance of these shipping ties, further illustrating the collaborative relationship and mutual dependence on Greece's capability in shipping. The robust Greek fleet not only serves major economies but also underlines Greece's strategic importance in the global maritime landscape.