Since 1916, the Union of Greek Shipowners (UGS) represents Greek-owned commercial vessels over 3,000 gt under the Greek and other flags. Despite current challenges, Greek shipping aims to maintain its share of 54% of the EU and 21% of the world deadweight capacity.

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Union of Greek Shipowners
Centenary Celebration

"Seven Seas"
by Athina Rachel Tsangari

On the occasion of its 100 years anniversary, the UGS commissioned the renowned filmmaker Athina Rachel Tsangari to create a film that salutes the Greek seafaring family which laboured at home and in the far corners of the Earth to reach and retain the summit of world shipping.
Enjoy Seven Seas, a tribute to the Greek maritime tradition and its legacy.

The strategic importance of Greek shipping



Press releases

Heroes of the sea should be given priority in Covid-19 vaccination

Piraeus, 20.11.2020

During this extraordinary global health crisis, seafarers remain faithful to their duty to supply the citizens of the world with essential goods, energy, food, medicines and medical equipment. They do so with professionalism, facing tremendous difficulties and personal sacrifices. It is therefore, absolutely necessary that their indispensable role and pressing needs are recognized, even with delay, and catered for by the international community.

The Union of Greek Shipowners underlines the urgent need to normalize repatriation and crew replacement procedures

Piraeus, 13.7.2020

With the pandemic continuing to spread around the globe, the need for uninterrupted operation of international shipping, which serves 80% of world trade, remains a fact of vital importance.

However, in order for shipping to fulfill its role, shipping companies must be able to safely and efficiently man their ships and make the necessary crew changes. However, so far, despite the interventions of international shipping organisations and of many maritime countries, including the Greek government, the various current restrictions on travel around the world are preventing crew changes.

Greek shipping confirms its commitment to implementing the U.S. order to ban trade and economic transactions with Venezuela and other countries.

Piraeus, 16.6.2020

On Monday 15/6/2020 and in the wake of the recent sanctions imposed by the U.S. Government on Greek-owned ships, the President of the Union of Greek Shipowners, Mr. Theodore Veniamis, met with the U.S. Ambassador to Greece, Mr. Geoffrey R. Pyatt, at the U.S. Embassy. Mr. Veniamis emphatically stated that the Union of Greek Shipowners remains committed to implementing U.S. sanctions measures and would continue to urge its members to refrain from conducting any business with Venezuela until there is a change in regime.

Shipping today

Greek shipping and the economy

The pace of global economic activity remained weak throughout 2019, with declining momentum in manufacturing activity and rising trade and geopolitical tensions, especially between the United States of America (U.S.) and China. Uncertainty about the future of global trading system and international co-operation more generally has had an impact on business confidence, investment decisions and global trade1, with trade volumes increasing by a marginal 0.3% in 20192. Projections for trade volume growth in 2020, prior to the new coronavirus (COVID-19) outbreak, hovered around 2.7%3, denoting a fragile recovery anyway. The unprecedented global crisis that was brought about by the coronavirus pandemic has made the outlook for the global economy and international seaborne trade for 2020 even more precarious and gloomy. For example, the World Trade Organization (WTO) forecasts4 that the world trade is expected to fall by between 13% and 32% in 2020.

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Shipping policy

The UGS, representing the interests of Greek-owned shipping, follows closely developments in the area of shipping policy, engaging constructively in the formulation of the collective...

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Maritime Safety and Protection of the Environment

Maritime safety and the protection of the environment depends on a chain of collective responsibility, namely, flag states, port states, shipowners, ship operators, shipbuilders....

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Download the latest UGS annual report

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Download annual reports of previous years

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