“Greek shipping is a unique economic phenomenon and an industry that can support growth in Greece,” underlined Vangelis Marinakis, Chairman of Capital Product Partners, speaking at the Economist conference on Thursday.

Mr. Marinakis stressed that Greek-owned fleet is leading the global maritime market and mentioned the following numbers: according to the latest data, Greek ship owners control more than 3,901 vessels. In terms of tonnage, the Greek-controlled merchant fleet is leading the global maritime market with a tonnage of 291 million, having virtually doubled its capacity over the last 15 years.

In fact, the Chairman of Capital Product Partners underlined that more than 52% of the shipping companies listed in NYSE and NASDAQ are owned by Greek. This means that more than 20 companies that serve Greek interests are traded on the stock exchanges of New York and London.

He also stressed that contribution of shipping to the Greek economy and social cohesion is extremely important.

According to Mr. Marinakis, who cited recent statistics, the contribution of Greek shipping to Greece’s gross domestic product (GDP) is almost 7% and the industry employs (directly or indirectly) over 350,000 workers, while shipping proceeds cover 50% of the surplus.

Mr. Marinakis noted that according to data from Boston Consulting Group and the Foundation for Economic and Industrial research, the potential contribution of shipping to the extra added value of the country may amount to 12.7 billion per annum and about half a million new jobs.

“The Greek shipping is a power force for Greece and it is our duty to build further on this big capital,” said Mr Marinakis, adding that “I firmly believe that the other important pillar of growth for the Greek economy is tourism.”