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Greece should itself shape the conditions that allow its effective transformation into an integrated freight center and European gateway for transport, by developing a national strategy exploiting all its potential by providing support services, an EY survey finds.

 

A report on the survey noted the transport sector is one of the most important sectors of the Greek economy and an important source of income and jobs, representing 10.85% of the country’s GDP valued at Euro 19.8bn. Maritime transport plays a key role both in international trade and in the development of the world economy, with most commodities at some time transported by sea. In 2015, the value of EU trade in goods transport by sea to non-EU countries accounted for about 51% of total EU trade.

The survey pointed out Greece’s geographic location in the Eastern Mediterranean provided a competitive transit route for Europe’s maritime trade with Asia as the transit time of a container ship from China to Piraeus was estimated at 8-9 days less, compared to other ports in northern Europe.

In 2013, Piraeus port was connected to the main national rail network via a high-speed electric railway line. Since, Cosco has co-operated with the national railway company Trainose to develop a reliable and competitive rail freight service to the most important logistics centers in Central Europe. This has led to the development of a competitive alternative link with Far East ports compared to North European ports in terms of transport time, service frequency and cost.

EY's survey also points out the expected privatisation of the port of Thessaloniki will improve the international competitiveness of Greece’s second largest port. The development of the Logistics Center, on an area of 672,000sqmtr near the port of Thessaloniki, is also expected to strengthen the country’s presence in the transport sector in the Balkans.

The survey also drew attention to the fact Greece is the largest shipowners’ community in the world, and has developed into a world shipping center offering diversified shipping services.

Filed: 2017-11-02