POSIDONIA 2010, the world largest international maritime event.

Article published on June 9, 2010
Article published on June 9, 2010
A lot is being said about Greek economy lately, few people know though that Greece is the world leader in Shipping. Hellenic merchant shipping industry, holds the first place in the world industry of maritime transportations, with 15% G.R.T. capacity of the World Merchant Fleet and investments exceeding $2.1 bn dollars only in the four months of 2010.

2010Nasdaq.jpg The famous colourful landmark NASDAQ tower at New York's Time Square is already displaying the blue and white logo of Posidonia Shipping Exhibition 2010 in a gesture of support to the listed shipping companies.

2010Nasdaq.jpg The famous colourful landmark NASDAQ tower at New York's Time Square is already displaying the blue and white logo of Posidonia Shipping Exhibition 2010 in a gesture of support to the listed shipping companies.

According to Mrs Anastasia Anagnostopoulou-Paloubi (President of the Hellenic Maritime Museum), 10,000 years ago, the man from the islands and shores of the Aegean Sea went out in the blue sea, overcoming the fears created by the unknown and the water element.

The oldest sea voyage in the world, for which there exist archeological proofs, took place in the Aegean and it concerned transportation of obsidian (volcanic glass) from Milos to the cave of Frachtini, in Argolida, 10,000 years ago.

Posidonia is the most renowned commercial exhibition in shipping and is taking place now in Hellinikon Exhibition Centre from 7-11 June.

posidonia01.gif According to Lloyd's list blog:

''MOST major industry and trade gatherings to some extent mix business with pleasure, but few have perfected the mix as finely as Posidonia and this is surely a key to its perennial popularity.

When started more than 40 years ago, the inspiration was to create a Greek equivalent to Nor-Shipping and the two signature European shipowner-backed events have been held alternate years ever since.

Few would disagree that Posidonia has now outstripped its Norwegian role-model. The event has been buoyed by a number of unique assets, high among which are the hot weather that arrives like clockwork in the exhibition’s traditional calendar spot of the first week in June.

100_2105.JPG But the drumbeat that really draws the maritime world to Greece at this time every two years is the continuing onward march of Greek shipowners who have left most of their rivals far behind in terms of collective strength.''

'New York and Athens make a 'natural fit'

According to the International Shipping newspaper ''Trade Winds'', Greeks have been responsible for over half of all shipping capital raised over the past decade at the New York Stock Exchange.

For a small nation, Greece has long punched above its weight, controlling 15% to 20% of the world fleet by tonnage. But its domination on Wall Street is even more pronounced and perhaps suggests a blueprint for the country's shipping future.

Of 45 public shipping companies in New York, 22 are based in Greece. They have a combined market capitalisation of some $7.5 bn -more than one-third of the $22.3bn for all New York listed companies.

Greek Shipping and Europe

EUmerchant.gif The Union of Greek Shipowners in his annual report (2009-2010) welcomes the Communication on EU Maritime Transport Policy until 2018.

The Communication acknowledges the de facto global character of European shipping and the need for high quality maritime know-how (at least Greeks can help over that).

Worldwide leadership of European shipping should be maintained in the face of serious challenges.

Some figures..

According to the Union of Greek Shipowners, Greece's foreign exchange earnings from ocean going shipping services were substantial in 2009 amounting to 13.5 billion euros despite a slight decrease compared to the previous year. Continued new-building orders will ensure Greece maintains its global leadership position within 15% of the global tonnage while establishing its supremacy in the European Union flag fleet. Piraeus is the world's fifth - largest container port operator Some 10,000 international high level shipping industry executives will visit Posidonia, more than 1,850 exhibitors from 87 countries will participate in the five-day event.

largest-fleets-of-merchant-ships-economist.jpg