European owners could flag elsewhere if Brussels gets its way, UGS warns

Shipowners might ditch European flags thanks to Brussels insistence on uncompetitive rules, the president of the Union of Greek Shipowners has warned.

Theodoros Veniamis, speaking ahead of Posidonia, the giant Greek maritime exhibition which launches in a fortnight, warned that “misguided policies” of the European Commission could cause “a flight, not only of the Greek-owned fleet, but also of the wider European fleet, outside the European Union with relocation to more welcoming international shipping centers”.

Greek owners have been in a long running fight with the European Commission over the nation’s tonnage tax regime.

Despite the tricky conditions shipping is facing Veniamis revealed that this year’s Posidonia is set to be a record event. Splash will be reporting from the event, while sister publication Maritime CEO launched today and will be distributed at the event. The 50-page magazine provides a unique guide to the show, and looks at what the likely talking points will be at Posidonia. Readers can access it for free by clicking here.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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