Annual Report 2024/25

The Vital Role ofGreek Shipping

Connecting 176 countries. Powering global trade. Leading the way to a sustainable maritime future.

5,691
Ships
20%
Global Fleet
176
Countries
42%+
Fleet Growth
Scroll
Global Maritime Leadership

World's Largest Shipowning Nation

0
Ships in Fleet
Vessels over 1,000 GT
0%
Global Share
Of world fleet (DWT)
0
Countries
Ports visited in 2024
0%+
Fleet Growth
Since 2015

Fleet Composition

By vessel type

Bulk Carriers
35%
Tankers
30%
LNG Carriers
15%
Container Ships
12%
Other
8%

New Orders Explosion

5x increase in 5 years

5x
Growth
2021
14.4M
DWT
2025
56.2M
DWT

“Greek shipping is a key driver of global trade, with a reliable, flexible and resilient fleet.”

Environmental Commitment

Leading the Green Transition

9.7%
Carbon Intensity Reduction
Since 2008 per transport work
1.4%
Global GHG Share
Shipping's share of world emissions
22%
EU CO₂ Reduction
By Greek-owned ships since 2018

Trade Growth vs Emissions

Greek fleet is doing more while emitting less

+7.4%
Growth
Trade Volume
2023-2024
-9.7%
Reduced
CO₂ Intensity
Since 2008

Green Technologies Adopted

SOx Scrubbers

Advanced exhaust cleaning systems reducing sulphur emissions by up to 99%

40%+ fleet equipped

Alternative Fuels

Investment in LNG, methanol, and ammonia-ready vessels for future compliance

€5B+ invested

EST Systems

Energy-saving technologies including air lubrication, hull coatings and rotor sails

15% fuel savings
Committed to IMO 2030 & 2050 decarbonization targets
European Contribution

Powering Europe's Economy

EU Fleet Dominance

Greek shipowners control the largest fleet in the EU

61%EU Fleet Share

61% of the EU-controlled fleet flies a Greek flag or is Greek-owned

€127.8B
Economic Impact
75%
Trade by Sea
685K
Jobs
€49B
Tax Revenue

Energy Imports by Sea

Percentage of EU energy imports arriving by ship

Crude Oil89%
Solid Fuels93%
LNG47%

“Shipping is the backbone of European trade, ensuring prosperity and energy security across the continent.”

National Impact

The Engine of Greece's Economy

Total Capital Inflows

Since 2000

€150B+

Greek shipping has channeled over €150 billion into the Greek economy since 2000 through foreign exchange inflows, making it the single largest source of invisible exports.

$1.4-1.5B
Annual reinvestment in Greece
€6.3B
Operating expenses in 2024

Share of GDP

Direct contribution to Greek GDP

7-8%
of GDP

Including indirect effects, shipping contributes 7-8% of Greek GDP annually

160K
Jobs Created
Onshore & offshore
3x
Salary Premium
vs national average
15%
Real Estate
Impact on Piraeus area
€2.1B
Wages & Pensions
Annual distribution

Key Investment Sectors

Maritime Services

Insurance, brokerage, legal, classification — Greece hosts one of the world's largest maritime services clusters

45% of total maritime investment

Port Infrastructure

Continuous investment in port facilities, ship repair yards, and logistics hubs across Greece

30% of total maritime investment

Technology & Innovation

Digital shipping solutions, maritime tech startups, and R&D in green technologies

25% of total maritime investment
Social Responsibility

Giving Back to Society

$400M+

Total philanthropic donations by Greek shipowners since 2020

SYN-ENOSIS

€130M+

The flagship foundation for Greek shipping philanthropy, established by the UGS. Major contributions to healthcare, education, and cultural heritage.

Thessaly Flood Relief

€50M+

Immediate and substantial response to the 2023 Thessaly floods, providing emergency aid, rebuilding assistance, and long-term recovery support.

Scholarship Programs

111 Scholarships

Annual scholarships for maritime studies, engineering, and environmental science. Supporting the next generation of Greek maritime leaders.

Areas of Impact

€80M+
Healthcare
Hospital equipment & facilities
€45M+
Education
Universities & research
€30M+
Culture
Museums & heritage preservation
€60M+
Disaster Relief
Emergency aid & recovery