The sector of Greek coastal shipping has made significant progress over the last two decades, mainly through the launch of new and modern ships.
In terms of ownership, the companies of Greek coastal shipping are distinguished into a) large companies listed on the Athens Stock Exchange (ASE) which are owned by powerful business groups, b) multi-share companies in which the feature of localization is dominant, as the majority of shareholders come from the particular island region and c) companies with few shareholders in which the majority of shares belong to shipping families.
During the period 2019-2020, the fleet of Greek coastal shipping has 256 ships, 60% of which are passenger ferries.
The total market of Greek passenger shipping has registered a rise in terms of value over the last two years. Particularly, in 2019 there was a rise of 2.5% compared to 2018.
The market of coastal shipping accounted for 65% of the total market followed by the market of Adriatic lines which accounted for 21% and while the market of ferry lines has accounted for 14% over the last two years.