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Shipping is by far the most extrovert sector of the Greek economy and a major source of income, wealth and prestige for the country. In a challenging and uncertain global environment, the Greek shipping community continues to heavily invest in expanding its footprint as a leading global player.
In our report, Re-positioning Greece as a global maritime capital, we examine the role of Greece as a global shipping center and explore how this role can be strengthened, in the face of increasing international competition and an eastward shift in global trade flows.
The presence of substantial local ship ownership cannot by itself lead in the establishment of Greece as a global maritime center and re-positioning it as one of the world's leading maritime capitals.
In this respect, EY’s report emphasizes on what makes a country an attractive maritime center and what actions can be taken to further progress on this front. It also includes an academic analysis of the Piraeus and the Thessaloniki shipping clusters, as well as a detailed analysis of Greek fleet metrics. At the same time, it draws on the competitive advantages and disadvantages of the Greek flag, as well as of Greece as a base for ship-management functions, through a survey on the views of representatives from Greek shipping companies.
The report indicates four major areas where strategic measures and policy interventions should focus on, in order to improve Greece’s prospects of establishing itself as a leading global maritime center.
Today, an outward-looking economy remains one of the biggest bets for Greece, as it sets out to achieve high and sustainable growth rates. This report is part of our contribution to exploring ways to address the challenges facing the global shipping industry, and approach them as potential opportunities for Greek shipping and the country in general.
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Summary
In a challenging and uncertain global environment, According to the research, ta strong merchant fleet cannot by itself lead by itself to the establishment of Greece as a global maritime centerapital. It will need to leverage its competitive advantages, to be able to effectively meet the diverse challenges facing the global shipping industry now, and capitalize on the opportunities arising next and beyond. To achieve this, the research emphasizes on what makes a country an attractive shipping center and what can be done.