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Union of Greek Shipowners announces joining Arctic Economic Council

Featured Union of Greek Shipowners announces joining Arctic Economic Council

The Union of Greek Shipowners (UGS) on Wednesday announced that the sector organization has been accepted as a member in the Arctic Economic Council (AEC), naftemporiki.gr reports.

The latter describes itself as an independent body that facilitates Arctic business-to-business activities and responsible economic development through the sharing of best practices, technological solutions, standards, and other useful information.

In a press statement, UGS president Theodore Veniamis welcomed the development, reminding that Greek shipping controls 20 percent of the global transport capacity and a spectacular 50 percent of the EU’s fleet. He also noted that Greek-controlled shipping constitutes an important element in cross-trading and has been a pioneer in trans-Arctic maritime shipping.