Facing waves of change
As the Posidonia exhibition this year celebrates its 50 years and begins the run-down to the next edition in June 2020, the global shipping industry stands on the cusp of a radical shake-up on
account of a plethora of stricter environmental regulations.
First up is the new IMO 2020 regime for low sulphur fuel, requiring a complete change in the global bunkering market and inevitable rises in marine fuel prices, followed hard behind by the need for decarbonization and entirely new propulsion concepts. Largely untested ballast water and scrubber technologies add an extra layer of technical complexity.Yet as topics in this issue of Hellas Maritime illustrate, Greek shipowners remain a leading industry force, creatively embracing change and adapting their operations accordingly.
Greeks still own the world’s largest fleet and are increasingly willing to play an active role in the way the industry develops, filling top positions at many of the leading international shipping associations and all demanding a bigger say for shipowners in how regulations are framed.
At home, a new Greek government seems to be quickly settling in. Since winning power early July, centre right New Democracy Prime minister, Kyriakos Mitsotakis and Maritime Affairs and Insular Policy minister, Ioannis Plakiotakis have pledged more private investment in the country’s ports, incentives for Greek shipowners to fly the home flag and the upgrading of maritime education.
And ports like Piraeus are emerging as leading hubs in the Mediterranean thanks to privatisation and the injection of overseas investment. All of which suggests that on the eve of Posidonia 2020 the Greek shipping industry remains in fine shape, bracing itself to meet the oncoming waves of change.
Hellas Maritime 2019 contents include:
- Lead from the front
- Strong voices on key issues
- The great scrubber debate
- Posidonia Update
- Port privatisation advances
- 'Doing it right when no one is looking'
- Greek equipment reaches wider market
- ABS renews Greek focus with added resources
- DNV GL strenghens Greek presence
- LR: offering a lead on decarbonisation
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