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European shipping, which controls 35% of the global fleet with 22,318 ships, is key for the region’s security, according to a recent study.
The European Community Shipowners Associations (ECSA), which represents 22 national shipowners’ associations, has released a Deloitte EU shipping competitiveness study and a CE Delft study on the economic value of European shipping.
European shipping represents a geopolitical asset for Europe facilitating the export and import of goods, food and energy. 76% of Europe’s external trade is enabled by shipping, as per the Deloitte study.
Whilst the EU represents around 15% of the global GDP, the European shipping fleet is one of the largest in the world, representing around 35% of the world fleet in terms of global tonnage across all segments, the CE Delft study finds. Specifically, European shipping controls 30% of the world’s bulk carriers, 44% of containerships, 35% of tankers and 33% of LNG carriers.
