Greek Maritime Forum

Attendees, exhibitors & solutions

Who this event is for

Industry trends

Key trends shaping this market and its wider industry.

Hotel tiers

A range of accommodation options near the venue and across key areas.

Local transport

Get around the city with these convenient transport options.

Frequently asked

Glossary

1

Shipowner

The company that legally owns a vessel and carries the commercial risk of operating it. Greek shipowners control one of the largest cross-trading fleets in the world, active in dry bulk, tankers, gas carriers and containers on global routes rather than mainly on domestic Greek traffic.

2

Ship manager

A third-party company that runs a vessel on the owner's behalf. Technical management covers maintenance, dry-docking and compliance; crew management covers recruitment, training and payroll; commercial management covers employment and chartering.

3

Charterer

The party that hires a ship from its owner, either for a period of time or for a specific voyage, and pays hire or freight for the use of the vessel.

4

Time charter

A charter in which the charterer pays hire per day for an agreed period. The owner keeps technical operation and crewing, while the charterer pays fuel, port costs and voyage expenses.

5

Voyage charter

A charter for a single voyage, with freight normally quoted per tonne of cargo carried. The owner bears the voyage costs and the risk of delays.

6

Bareboat charter

A demise charter in which the charterer takes over full operational control of the vessel, including crewing, maintenance and insurance, for an agreed period.

7

Dry bulk carrier

A vessel designed for unpackaged commodities such as iron ore, coal, grain, bauxite and fertiliser. The fleet is usually segmented into Capesize, Panamax, Supramax and Handysize classes by size.

8

Crude and product tanker

A tanker carries crude oil or refined products in bulk. Crude carriers are sized by deadweight, while product tankers are often described by clean or dirty service and by MR, LR1 or LR2 class.

9

Shipbroker

An intermediary who matches ships with cargoes and negotiates charter terms, or who handles sale and purchase and newbuilding transactions. Brokers do not normally take the commercial risk of the voyage.

10

Sale and purchase (S&P)

The secondhand market for vessels, where brokers negotiate the transfer of an existing ship between owners, subject to inspection, survey and delivery documentation.

11

Classification society

An organisation that sets and verifies technical standards for hull, machinery and equipment, issuing class certificates. The main international bodies cooperate through IACS.

12

Flag state

The country whose register the vessel is entered on, which carries responsibility for safety, pollution and manning rules. Owners choose between national registers such as the Greek flag and open international registries.

13

Port state control

Inspection of foreign-flag ships in port by the local maritime authority to check compliance with international conventions. In European waters this is coordinated through the Paris Memorandum of Understanding.

14

P&I club

A protection and indemnity mutual that insures shipowners against third-party liabilities such as pollution, crew injury, cargo damage and wreck removal.

15

Bunkering

The supply of fuel to a vessel. Greek and Mediterranean bunkering hubs trade very low sulphur fuel oil, marine gasoil, and increasingly LNG, biofuel blends and methanol.

16

IMO 2020 sulphur cap

The global limit on sulphur in ships' fuel oil outside emission control areas, set at 0.50 percent m/m from 1 January 2020, met through compliant fuels, scrubbers or alternative fuels.

17

EEXI

The Energy Efficiency Existing Ship Index, an IMO technical measure applied from 2023 that requires existing ships above set tonnage thresholds to meet an attained energy efficiency benchmark, often through engine power limitation.

18

CII

The Carbon Intensity Indicator, an IMO operational measure that rates ships from A to E each year on grams of carbon dioxide per transport work. A poor rating triggers a corrective action plan.

19

EU ETS maritime

The extension of the EU Emissions Trading System to shipping. Verified emissions on voyages into, out of and within the EU are phased in, with 40 percent of emissions covered in 2024, 70 percent in 2025 and 100 percent from 2026, and the cost passed through as an EU Allowance surcharge.

20

FuelEU Maritime

An EU regulation that limits the greenhouse gas intensity of energy used on board ships calling at EU ports from 1 January 2025, with targets tightening in five-year steps and obligations for shore power and renewable fuels.

21

Green corridor

A shipping route on which ports, carriers and fuel suppliers cooperate to deploy zero or near-zero emission vessels and the bunkering infrastructure they need.

22

Piraeus maritime cluster

The network of shipping companies, managers, brokers, insurers, lawyers, surveyors and technology suppliers concentrated around Piraeus and central Athens, which makes Athens a practical meeting point for Greek shipping decisions.

23

Tonnage tax

A tax regime that replaces corporate tax on shipping profits with a charge based on fleet tonnage. Greece operates a long-established tonnage tax system that supports shipowning and ship management based in the country.

24

Newbuilding orderbook

The share of the existing fleet that is on order at shipyards, expressed in compensated gross tonnage or deadweight. It signals future capacity and is a core topic for owners, charterers and ship financiers.