A joint Lloyd’s Register (LR) and A.P. Moller – Maersk study assessing the transition to zero carbon fuels has found that to develop zero carbon ready ships, shipowners must invest for fuel flexibility and points to the need for policy interventions and fundamental changes to incentives scheme for shipping.

Led by higher insurance costs, the shipping industry expects overall vessel operating costs to rise by 2.5% in 2019 and by 2.7% in 2020. Industry responders to the latest annual Future Operating Costs Survey by international accountant and shipping adviser BDO revealed the anticipated rises after an average fall in actual operating costs in 2018 of 1.8%.

Greek shipping and related activities are a highly extroverted sector. In particular, Greek shipping has traditionally been a dominant force in the Greek economy, effectively addressing challenges both internationally and nationally, Bank of Greece (BoG) governor Yannis Stournaras, told a recent Piraeus Marine Club working luncheon.

The strong relationship between Greece and China has not only been good for Greece but has set an example for European countries, says Adonis Georgiadis, Greek minister for Development and Investments.

The euro zone’s rescue fund, the European Stability Mechanism (ESM) agreed October 28 to allow Greece to pay back earlier some of its debt to the International Monetary Fund (IMF).