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The Reflection of Seafarers Life

Greek Shipping

Greek Shipowners Betting Billions On Gas

Greek Shipowners Invest in New Gas Vessels Amid Market Shift

2 mins

Greek shipowners have shifted their investment focus towards newbuild gas vessels, spending around $18 billion since 2021. The majority of this investment, approximately $13.8 billion, has been allocated to LNG vessels, with an additional $4 billion spent on LPG vessels. This strategic move reflects their anticipation of increased demand for gas.

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Greek Shipping Companies Face €175m Penalties Under FuelEU Maritime Regulations

2 mins

Greek shipping companies are facing hefty penalties of over €175m under the upcoming FuelEU Maritime regulations, with tankers and RoPax expected to bear the brunt. Despite the compliance deficit, investing in biofuels and low-carbon technologies can offset penalties. Greek LNG operators have a surplus, while biofuels offer cost-saving opportunities. OceanScore’s tools help companies navigate compliance and reduce emissions.

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