European shipping at the “helm” of the global fleet with 34.5% in capacity terms

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European shipping remains 1 of the strongest forces worldwide, playing a decisive relation successful Europe’s economy, trade, and vigor security. At the aforesaid time, however, it faces expanding unit from planetary contention and important weaknesses successful the substance sector. This is highlighted successful a caller survey by European Shipowners, presented up of a related lawsuit astatine the European Parliament, which underscores shipping arsenic a strategical geopolitical plus for Europe.

Although the European Union accounts for astir 15% of planetary GDP, European shipping controls 34.5% of the satellite fleet successful presumption of capacity.

The breakdown of figures confirms its dominance:

• 28% of bulk carriers
• 45% of containerships
• 34% of tankers
• 32% of LNG carriers

At the aforesaid time, 76% of the EU’s outer commercialized is conducted by sea, highlighting the captious relation of shipping successful the day-to-day functioning of the economy. As noted successful the study, “ships transportation the vigor we need, the nutrient we consume, and the earthy materials for the vigor transition.”