Abstract
Greeks have a long-standing expertise in waterborne trading, beginning well before the Classical Period, over 3,000 years ago. Nowadays, Greek ship owners control more than 3,000 merchant ships with over 200 million DWT, i.e. about 15 % of world transport capacity. Although the vast majority of shipping industry is based in the Athens-Piraeus metropolitan area, the interaction of the shipping activities with the national economy is restricted mainly to nautical education and training and the employment of Greek technical and administrative staff (about 35,000), while a similar number of employees are hired by companies supporting the activities of maritime companies. However, even under these circumstances shipping is the second largest foreign currency source, led by exports and followed by tourism. In this paper, some initiatives are presented that would significantly support the national sustainable economic development and improve the competitiveness of Greek shipping.
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