With a fleet exceeding 5,500 vessels, Greek shipowners now control over 20 percent of the global shipping capacity, solidifying the country as the world’s leading maritime power.
The annual report released by the Union of Greek Shipowners (UGS) indicates that Greek interests command over 60 percent of shipping under European Union control, contributing significantly to the EU’s economic security and climate goals.
The Greek-owned fleet is not only expanding and modernising but also stands as the largest fleet capable of using alternative fuels globally, thanks to its energy efficiency and cutting-edge environmental technology.
“Greek shipping continues to innovate, evolve, invest, and lead with honor and commitment to our maritime tradition, Melina Travlou, president of the Greek Shipowners Union. Greek commercial vessels count 5,543 ships, rising by 53.5 percent in capacity over the last decade.
Moreover, the Greek-owned fleet is the world’s largest cross-trader, handling cargoes between third countries, accounting for over 98 percent of its capacity. This characteristic, the study notes, along with overall transport capability, renders the Greek fleet indispensable for global trade.
Recent data show approximately 4,700 tanker companies averaging 3.6 vessels each and nearly 2,500 dry bulk carriers with an average of 5 vessels under their control.
Currently, Greek ship orders total 384, with a combined capacity of 34 million dwt, marking a significant rise compared to previous years. Compared to 2023, the 2024 order book has increased by 60 percent in number and 79 percent in capacity, and when compared to 2021, the figures have almost quadrupled in number and more than doubled in capacity.