Greeks own one-fifth of global fleet

5 February 2016
735 Views

The share of Greek-owned ships in the global fleet continued to grow in 2015, as they numbered almost 4,500 vessels – i.e. 19.63 percent of the world’s entire capacity in deadweight tons – and almost 50 percent of the fleet of the European Union, as Theodoros Veniamis, the president of the Union of Greek Shipowners, told the entity’s annual general meeting this week.

Veniamis stressed that “this development leaves us no room for pessimism,” in spite of the major difficulties the sector has had to face both in Greece and abroad.

The imposition of the capital controls last June and the overall economic instability they have generated have had a direct impact on Greek shipping. Bank of Greece data showed that in the first half of 2015 the foreign currency inflows from shipping grew 2.13 percent year-on-year to 6.42 billion euros, but in the following four months (July to October) they posted a 50.78 percent yearly decline to 2.27 billion euros from 4.62 billion in the same period in 2014.

Contributing to that decline was also the global sinking of chartering rates for dry-bulk carriers in the last few months of 2015, reaching historic lows. This continues into 2016, without any recovery prospects in sight, according to Veniamis.

You may be interested

Accidental experiment solves Century-old Chemistry problem
WORLD
shares29 views
WORLD
shares29 views

Accidental experiment solves Century-old Chemistry problem

Panos - Feb 24, 2021

Researchers in Uppsala, Sweden accidentally left a chemistry experiment running over a long weekend. When they returned to the lab,…

ABTA: Greece among the five most popular destinations for 2021
GREECE
shares31 views
GREECE
shares31 views

ABTA: Greece among the five most popular destinations for 2021

Panos - Feb 24, 2021

Greece is among the top 5 most popular destinations for holidaymakers, according to booking trends by Travel Association ABTA. Travel Association…

Dreamy sunset in Mykonos Island in Greece (video)
GREECE
shares32 views
GREECE
shares32 views

Dreamy sunset in Mykonos Island in Greece (video)

Panos - Feb 24, 2021

Magic hour during sunset and dusk at Little Venice in Mykonos island, one of the most romantic places in the Mediterranean and…

Leave a Comment

Your email address will not be published.