The annual report of the Union of Greek Shipowners (UGS) showed that foreign currency inflows from shipping rose by 17% last year, a trend that is set to continue into 2018 given the improvement in the chartering market. The recovery of 2017 is of particular significance as its shows the normalisation of flows after their major contraction in the second half of 2015.
The latest statistics come ahead of Posidonia. The international shipping exhibition has long been established as one of the major calendar events of the shipping industry. 2016 attracted the most influential personalities from the Greek and international shipping community and major companies and organisations active in all sectors of the shipping industry. The international exhibition Posidonia first took place in 1969 and has been taking place every two years ever since.