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Greek shipowners hold leading position in global orderbookGreek shipowners hold leading position in global orderbook

Shipping has an irreplaceable role in global prosperity and geopolitical stability, the incoming president of Intercargo and treasurer of the Union of Greek Shipowners (UGS) John Xylas, said in his keynote address to the Greener Shipping Summit, in Athens last week.

David Glass, Greece Correspondent

November 18, 2024

1 Min Read
John Xylas incoming president of Intercargo
John XylasCredit: Intercargo

Emphasising Greece’s strategic role and ongoing innovations in maritime sustainability, Xylas highlighted the country’s efforts to reduce carbon emissions and support the global transition to greener shipping practices, stating: “We must acknowledge decarbonisation is not just an environmental goal but a fundamental shift in how we operate, collaborate, and innovate as an industry.”  

Regarding the influence of the Greek shipping industry, Xylas, who is also CEO of Ariston Navigation, said: "Greek shipowners hold the leading position in the global orderbook, with over 500 new ships on order. A significant portion of these vessels are equipped to use alternative fuels, and 35% of the existing fleet is already outfitted with energy-saving technologies." 

He added: “Greek shipping controls over 20% of the world’s commercial fleet by deadweight and more than 60% of the EU-controlled fleet. The Greek fleet, which is heavily focused on bulk cargo and tramp shipping, has proven crucial in responding to urgent needs, as demonstrated during the Covid-19 pandemic and the crisis in Ukraine”. 

Xylas said the statistics showcase Greece’s leadership in sustainable shipping and its commitment to decarbonisation. “As we look to the future, we must recognise decarbonisation represents a fundamental transformation toward a sustainable maritime future,” he said.

About the Author

David Glass

Greece Correspondent

An Australian with over 40 years experience as a journalist and foreign correspondent specialising in political and economic issues, David has lived in Greece for over 30 years and was editor of English language publications for Greek daily newspaper Kathimerini in the 1970s before moving into the Akti Miaouli and reporting on Greek and international shipping.

Managing editor of Naftiliaki Greek Shipping Review and Newsfront Greek Shipping Intelligence, David has been Greek editor for Seatrade for over 25 years.

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