Greek shipping sector steadily growing, ministry report says

A total of 28 new ships were registered with the Greek register in 2018, for an increase of 23 pct compared with the previous year, while shipping foreign exchange inflows totaled 13.7 billion euros in the January-October period last year up 14.19 pct from the same period in 2017, the Shipping Ministry said in an report released on Thursday.

The report said that ocean shipping vessels under the Greek flag totaled 594 in 2018, with a capacity of 40,283,568 dwt, while the Greek merchant shipping fleet totaled 1,862 ships with a capacity of 42,718,032 dwt.

Greek merchant shipping is one of the most healthy and extrovert sectors of the Greek economy and a basic pylon for the future economic growth of the country and of employment. On a European level, the European shipping industry contributes around 56 billion euros annually to European GDP, covering 615,000 direct and 516,000 indirect job positions in the EU, of which 190,000 are in Greece.

The Greek flat is characterized as a "quality flag", listed in the White List of Paris MOU, with a significantly lower age profile compared with the average age profile of the global fleet. The number of active shipping companies operating in Greece totaled 1,401 in 2018, up from 1,387 in 2017, while the number of ships under management was 4,456 with a capacity of 200.03 million dwt, up 2.37 and 3.42 pct compared with the previous year respectively. Greek shipping companies had a workforce of 17,061 in 2017, of which 15,465 are Greek nationals and 1,596 foreigners.

Greek merchant shipping fleet grew 0.4 pct in numbers, totaling 1,861 ships in November 2018 compared with the same month in 2017, after an 1.1 pct increase recorded in the 2017/2016 period, Hellenic Statistical Authority said on Thursday.

The statistics service, in a report, said that capacity of the Greek merchant shipping fleet totaled 42,349,570 dwt in November, down 4.4 pct from the same month in 2017.

Source: ANA-MPA
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