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 50% of the EU and 20% of the world deadweight capacity.

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Union of Greek Shipowners
Centenary Celebration

On November 9th, 2016, at 20.00 hrs, the anniversary of one hundred years since the foundation of the Union of Greek Shipowners was celebrated in the Athens Concert Hall (Megaron) (“Christos Lambrakis” Hall) with the participation of 1800 guests. The event was honoured by the presence of the President of the Hellenic Republic, Mr. Prokopios Pavlopoulos, and the Prime Minister, Mr. Alexis Tsipras.

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"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.

Press releases

The Union of Greek Shipowners joins the Arctic Economic Council

Piraeus, 5.12.2018

The Union of Greek Shipowners (UGS) is pleased to announce its acceptance as member to the Arctic Economic Council (AEC), the independent organization acting as the primary forum for interaction between the Arctic Council and the wider circumpolar and non-Arctic business communities.


The UGS welcomes the conclusions of the UN IMO MEPC73 which direct IMO to work further towards a smooth, safe and consistent implementation of the 2020 global sulphur cap in marine fuels

Piraeus, 29.10.2018

The UGS welcomes the conclusions of the UN IMO MEPC73 which direct IMO to work further towards a smooth, safe and consistent implementation of the 2020 global sulphur cap in marine fuels


Greek shipowners strongly support the forthcoming discussions at the UN IMO for effective implementation and enforcement of the 2020 0.5% global sulphur cap

Piraeus, 18.10.2018

The Union of Greek Shipowners (UGS) remains firmly committed to the successful transition to the 0.5% global sulphur cap in marine fuels and the related dates that have been agreed at the United Nations International Maritime Organization (UN IMO). At the same time, it fully supports the effective implementation and enforcement of the new regulation through the establishment of a UN IMO institutionalized data collection, analysis and review stage, as the minimum safeguard, given the safety and operational issues already identified. This is in line with the traditional role of the UN IMO and the need to give priority to the protection of life at sea and the protection of the environment, a principle deeply embedded in the maritime code of values of the Greek shipping community.


Shipping today

Greek shipping and the economy

In 2017 the first rays of improved market conditions for global shipping made their appearance after a long and deep recession and challenging fundamentals for 2016 across most sectors. The global upswing underway since mid-2016 continued to strengthen through 2017 bringing about a broad-based annual global economic growth of 3.7%. World trade also grew, by 4.7%, leaving behind the slowest pace since 2009 it had witnessed the previous year...

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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 Marine Environment

Maritime safety and the protection of the marine 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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