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Shipping: The Greek fleet ranks first

Shipping: The Greek fleet ranks first

Shipping: The Greek fleet ranks first

Greek shipping is a leader in the global industry and is primarily focused on cargo and transportation. However, it holds significant positions in all segments of maritime transport. Greek shipowners control over20%the entire trading fleet of the planet by displacement, which makes Greece the largest country in terms of the number of shipowners in the global market. The Greek merchant fleet, consisting of5,543The fleet shows steady growth, and in the last ten years, its total capacity has increased by an impressive amount.53.5%.

In the bulk cargo segment, Greek shipowners are in control.25.2%world tonnage, which amounts to2,602vessels. They also possess30.2%the fleet of oil tankers and14.9%tankers for transporting petroleum products. In the category of gas carriers transporting liquefied natural gas, Greek companies control23.1%global tonnage, and in the liquefied petroleum gas segment -13.2%They also manage8.6%the global transport capacity of both container ships and transport vehicles.

The economic role of shipping in Greece

Shipping plays an important role in the economy of Greece.

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It is an integral part of the economy of this country, a sector that makes the greatest contribution to its development and strengthening of international influence. As a genuinely international business, shipping is one of the key foundations of the Greek economy. Its direct and indirect contribution to the economy of Greece is estimated to be in the range of6.5%to8%from gross domestic product (GDP).

In addition, Greek shipowners are investing in various sectors of the national economy, apart from shipping itself, including:

  • new technologies
  • services
  • real estate
  • tourism

Their social contribution is also significant in both individual and collective aspects. Shipping not only creates hundreds of thousands of jobs but also contributes billions of euros to the country's current account balance each year.

Over the past two decades, shipping revenues have exceeded263 billion eurosThis has significantly helped reduce the country's commercial deficit. Considering all of this, it is clear that Greek shipping not only holds a leading position in the world but also actively works for the benefit of its economy, influencing development and the standard of living at home.

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