Annual Report 2024/25

The Vital Role ofGreek Shipping

Connecting 176 countries, powering global trade, and leading the way to a sustainable maritime future

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

Greece: The World's Largest Shipowner

With 5,691 ships representing approximately 20% of global capacity, Greece leads the world in maritime transportation

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

Fleet Composition

Bulk Carriers35%
Tankers30%
LNG Carriers15%
Container Ships12%
Other8%

Greek shipping primarily operates in the bulk/tramp sector, transporting essential goods worldwide.

Explosive Growth in New Orders

5x
Increase
5yrs
Period
2021
14.4M
DWT Ordered
2025
56.2M
DWT Ordered

Greek shipowners are at the forefront, continuously increasing their new ship orders with a capacity reaching 56.2 million DWT.

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

Environmental Leadership

Building a Sustainable Future

Shipping remains the most efficient mode of transport, with Greek shipping leading greenhouse gas reduction efforts

9.7%
Carbon Intensity Reduction
Decrease from 2019-2023
1.4%
Global GHG Emissions
Of total world emissions (2023)
22%
EU CO₂ Reduction
Shipping emissions 2008-2022

Trade Growth vs Carbon Intensity (2019-2023)

7.4%
Growth
Global Sea Trade
Ton-miles increased
9.7%
Reduced
Carbon Intensity
Global fleet efficiency
Nearly double the IMO's 2023 target of 5% reduction

Greek Fleet: World Leader in Green Technology

The Greek-owned fleet is the world's largest fleet with alternative fuel capability and the largest fleet equipped with SOx scrubbers

SOx Scrubbers
Largest fleet equipped worldwide
Alternative Fuels
Leading in LNG capability
EST Systems
Above global average adoption

“Shipping remains the most efficient mode of transport, with Greek shipping leading greenhouse gas emission reduction.”

🇪🇺 Strategic EU Industry

Powering Europe's Economy

Greek shipping represents over 61% of the EU-controlled fleet, ensuring Europe's food and energy security

61%+
EU Fleet Share
Greek-controlled vessels

A Strong EU Shipping Core

A strong European shipping industry, with the Greek fleet at its core, is a prerequisite for EU competitiveness.

€127.8Bannual impact

EU Trade by Sea

75%
of EU trade with non-EU countries

Shipping guarantees the food and energy security, as well as the supply chain security of the EU.

Energy Imports by Sea

Oil & Petroleum89%
Solid Fuels93%
Natural Gas (LNG)47%

EU countries rely on imports for 95% of oil, 90% of gas, and 47% of solid fuels.

“A strong European shipping, with the Greek fleet at its core, is a prerequisite for EU competitiveness.”

🇬🇷 National Economic Pillar

Shipping: Greece's Backbone

The most export-oriented sector of the Greek economy, contributing 7-8% of GDP annually

Unprecedented Economic Inflows

€150+ Billion
Inflows to the Greek economy over the last decade
$1.4-1.5 Billion
Annual reinvestment by shipowners in other sectors
GDP Share
7-8%
annually
$
160,000
Jobs
Direct & indirect employment
3x
Higher Salaries
Above private sector average
15%
Real Estate Share
Of annual domestic transactions

Shipowner Investments Across Sectors

Real Estate
Energy
Tourism
Media
Sports
Technology

According to McKinsey, Greek shipowners reinvest shipping capital in various sectors, amounting to $1.4-1.5 billion USD annually.

“As a driver of growth and employment, shipping remains a key contributor to Greece's economic prosperity.”

❤️ Social Responsibility

The Humanitarian Footprint

A consistent and enduring legacy of social solidarity from Greek shipowners

$400M+
Annual Humanitarian Donations
Individual and collective donations from Greek shipowners to welfare projects, making shipping the first and only sector in Greece with a dedicated social responsibility organization (SYN-ENOSIS).

SYN-ENOSIS Social Contributions

Spanning health, education, welfare, food aid, public works, and crisis response

Over
€130M
contributed
Health
3,000+ patients/year
Education
33 schools restored
Welfare
160,000 beneficiaries
Agios Nikolaos Relief Plan

Thessaly Flood Relief

In response to the unprecedented floods in Thessaly, UGS immediately mobilized over €50 million for the restoration of affected areas, including schools, hospitals, and archaeological sites.

€50M+
mobilized for restoration
33
Schools
2,450 students
2
Hospital Units
5,000+ patients/year
107
Families
with children supported
1,400
Children
summer camps

Scholarship Program

The largest postgraduate scholarship program in Greece, supporting exceptional young Greeks in their academic journey

111
Scholarships 2024-25
130
Scholarships 2025-26
10
Countries
52
Fields of Study
65 Men + 46 Women
From 20 Greek regions