ATHENS – Greek shipping must preserve its competitiveness, Melina Travlos, president of the Union of Greek Shipowners said on Wednesday, addressing the annual regular general assembly of the Union.

In her speech, the president of the Union said that shipping foreign exchange reached 20 billion euros in 2022, while she noted that investments in the shipping sector and other sectors of the national economy created hundreds of thousands of job positions.

Travlos stressed that the Greek state has supported the resolution of pending issues with the European Commission’s competition watchdog, related to the operating framework of Greek shipping, and added that the whole process was completed with the updating of a new voluntary tax agreement with the Finance ministry.

The Union of Greek Shipowners is closely monitoring international consultations to reduce CO2 emissions and is working to achieve an agreement to revise IMO’s strategy on the selection of realistic medium-term measures, she noted.