Ahead of the critical IMO Marine Environment and Protection Committee 74 (MEPC 74) meeting in London next week, the Union of Greek Shipowners (UGS) urges IMO members and all stakeholders to "face up to their responsibilities” and reach “workable and sustainable solutions”.

Greeks may control 20% of the world's global fleet and be a dominate player in most aspects of sea transportation but the country has minimal influence in the politics which are increasingly influencing the way the industry is expected to operate, says a leading member of the Greek and international shipping industry.

As is the case in most shipping sectors, the Greek footprint is becoming more evident in the transportation of gas.

Greece’s shortsea shipowners went to Brussels this month and called on Euro MPs to throw their weight behind Europe’s shortsea shipping sector as it faces challenges posed by the new regulatory environment.

Chinese leasing transactions can no longer be viewed as an alternative source of financing, but rather as a fast developing prime source of finance and on the way to becoming an equal to the European and US financial markets.

Union of Greek Shipowners (UGS) president, Theodore Veniamis has attacked the "intense negativism" towards ocean-going shipping by some sectors, which he also says display a "hypocritical" stance on the issue of environmental protection regarding shipping.

As the reality of the US sanctions on Iran bite, Greek owners are the most likely to be affected, according to VesselsValue data.

Aegean Marine Petroleum Network- a seller of marine fuels, listed on NYSE with symbol “ANW”, has had a difficult voyage lately. A happier journey may be looming, if the positive turn outlined in a recent news release works out as described.

As shipping industry leaders it's the duty of the Greeks "to present a realistic way of solving many of our global issues" says Greek Shipping Co-operation Committee chairman, Haralambos J Fafalios.

The Liberian Registry has presented five of its Greek shipping partners with the Liberian Maritime Authority’s Commissioner’s Award for Excellence during celebrations in Athens to commemorate the 70th anniversary of Liberia’s maritime programme.

Page 1 of 8