The shift to sustainable shipping is now a necessity, not a choice—and the financial implications are significant.
During the 9th Naftemporiki Shipping Conference, top shipping executives and experts in technology and regulation addressed a pressing question: How can companies remain competitive amidst rising environmental costs and an evolving regulatory framework?
According to Ioanna Prokopiou, CEO of Sea Traders, fines resulting from the medium-term fuel measures set by the IMO could reach $100 billion by 2035. This estimate excludes additional costs arising from the EU’s FuelEU regulation. In essence, this predicts that, based on current fuel prices, shipping costs could double by 2035.
In coastal shipping, Attica Group CEO Panos Dikaios emphasized the need for tailored approaches, noting that EU and IMO regulations significantly impact the sector.
Stamatis Tsantanis, president and CEO of Seanergy Maritime Holdings Corp., highlighted the importance of adopting new technologies, sharing that the company has already installed various sensors and systems since 2025.
Dimitris Alexandrou, Co-Founder and Director of Business Innovation at Ubitech, pointed out that AI has revolutionized many aspects, including advancements within the shipping industry.
Meanwhile, Elina Litsa, Partner in Deals Services at Grant Thornton, mentioned that environmental compliance can serve as a valuable asset for shipping companies.
