Posidonia 2024
Press Conference of the Union of Greek Shipowners (Credit: Posidonia 2024)

Mega shipping event Posidonia celebrates 55 years of success

High profile deals as shipping industry makes statement of intent in a boost for global trade and economic growth

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The 28th edition of Posidonia, the biggest in the biennial international shipping exhibition’s six decades of existence, came to an end on June 7 proving once again that it is the most sought-after event to conduct business and set the policy agenda for an industry that controls over 80% of the world trade and is projected to be worth $4.2 trillion by 2031, growing at a CAGR of 7% till 2031.

A total of 32,527 visitors from 130 countries and territories attended the event in Athens, Greece, an increase of 12% compared to Posidonia 2022. A total of 81 countries and territories from around the world exhibited with the majority coming from Europe and Asia, but this time there was also an increased participation from the Americas.

Posidonia 2024
(Credit: Posidonia)

Having broken all previous records in terms of exhibition space, number of exhibitors and visitors, Posidonia 2024 was also the place where the maritime world came together once again to finalize and confirm highly lucrative new business deals or announce previously signed contracts. One such occasion was the showstopper announcement of Navig8’s tanker fleet and pool business being taken over by ADNOC L&S in a reported $1.5bn deal that was made public during Posidonia 2024.

Theodore Vokos, Managing Director, Posidonia Exhibitions S.A., said: “Posidonia has once again proven to be a crucial platform for business deal-making, fostering connections and collaborations that drive the maritime industry forward.”

Posidonia 2024
(Credit: Posidonia)

The eagerly anticipated Press Conference of the Union of Greek Shipowners (UGS), held every two years at Posidonia, was the icing on the cake of an incredibly busy programme of 68 shipping star-studded conferences and seminars during the exhibition’s five-day span.

The UGS Press Conference was led by Melina Travlos, President of the UGS, the Vice-Presidents, Michael D. Chandris and Andonis T. N. Lemos, the Secretary, Dimitrios J. Fafalios, the Treasurer, John A. Xylas and the Member of the BoD, John C. Lyras.

Addressing representatives of Greek and international media, Ms Melina Travlos answered to questions about the current challenges of the shipping sector and focused on the issues of maritime education in Greece, decarbonisation and the strategies for the sustainability of the industry, as well as the strong social footprint of the Union of Greek Shipowners.

Posidonia not only serves as a bridge linking the international shipping industry with the Greek shipowners, who operate the largest fleet globally of over 4,000 vessels, the largest under the control of any national group, but also serves as the platform that brings international shipowners in touch with the latest developments in the shipping industry and offers them direct access to the entire range of shipping products and services available on the international shipping market. The past year has seen a 50% surge in newbuilding orders, indicating a growing enthusiasm among Greek shipowners for modern vessels.

Posidonia 2024
(Credit: Posidonia)

Posidonia 2024 was organised under the auspices of the Ministry of Maritime Affairs & Insular Policy, the Hellenic Chamber of Shipping and the Union of Greek Shipowners and with the support of the Municipality of Piraeus and the Greek Shipping Co-operation Committee. The next event is scheduled for 1-5 June 2026.

For more info on Posidonia visit: https://posidonia-events.com/