Theodore E. Veniamis, President of the Union of Greek Shipowners, expressed his optimism that 2018 will be a year of recovery for the shipping sector, ANA reports.
Presenting the annual report of the Union in 2017, he referred to shipping developments on a national, community and international level and stressed that last year’s fluctuations in the shipping market seemed to be definitely overcome and all the shipping sector will be able to return to recovery and profitability trends. He noted that Greek shipping remained a leader in the world, controlling around 20 pct of global ship capacity and 50 pct in the EU with 4,800 ships, enjoying a 30 pct market share in tankers, 22 pct in bulk carriers, 16 pct in chemical/oil product transport ships, 15 pct in LNG/LPG, 11 pct in freezers and 9.0 pct in containers.
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