The consequences for the global economy after the Russian invasion of Ukraine were at the center of the 26th round table meeting of the Economist, in Lagonisi.
The president and CEO of Navios Maritime Partners, Angeliki Fragou, said that now the costs and freight rates of the ships will be higher as the energy supplies will come from far away, pointing out that the ship owners follow the regulations and penalties regarding the transportation of the of Russian oil, while he estimated that it is easier to solve the food crisis since resources can be found from other countries.
He also noted that in order to be able to achieve the transition to new energy sources, due to the war, large investments and a lot of time will be required.
With reference to the transport of Ukrainian grain, he said that there are ships available to carry it out, a solution must be found at the political level.
The president and founder of Capital Maritime & Trading Corp, Evangelos Marinakis said that Greek shipowners have large shares internationally in tankers and LNG, which provides security and stability, since the transfer of energy through ships does not entail political risks, especially now that the dependence on Russian energy sources.
He added that it is very important for a European country like Greece, a member of NATO, to have this strength in tonnage.
At another point he pointed out that shipping as an industry not only offers safety when transporting energy and other products but is also environmentally friendly.
Regarding the transportation of grain by ships from Ukraine, he said that this will depend on when the security at the ports is resolved.
The discussion was moderated by Daniel Franklin, executive and diplomatic editor of the Economist. It was preceded by an intervention by Mike Pompeo, former US Secretary of State.
SOURCE: APE-ME
Source: Capital
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