More than 80 global Information and Communications Technology (ICT) companies will participate at Posidonia 2016 which will be held from June 6 – 10 at the Athens Metropolitan Expo.

Greek shipping industry runs the world’s largest merchant fleet comprising over 4.500 vessels with an estimated value of US$ 92bn. As Greek shipping operates a very young fleet with an average age of 11 years, some 2 years less than the world average, it is evident that a great percentage of the US$ 8,6bn invested by Greek interests in newbuildings will be spent on new technology.

Posidonia athens

Satellite communications, cargo tracking, navigation and crew management are some of the key areas ICT innovations can help improve for the global shipping industry as indeed is energy efficiency, which is mandated by the International Maritime Organisation headed by Secretary General Kitack Lim, who will attend the opening ceremony of Posidonia 2016.

Cutting carbon footprint generated by the seaborne transportation of over 10bn tonnes of cargo a year by 50% may be a tall order for the ICT sector to deliver single handedly but recent advancements in software technology can contribute to fuel efficiencies thus driving carbon levels down.

From communications to procurement and from safety to vessel reporting, financial accounting and navigation, ICT providers for every aspect of shipping operations will be exhibiting at this year’s Posidonia to showcase their ability to create a more connected, integrated and efficient shipping industry.

They come from all four corners of the world, from India to Scandinavia and from Australia to North America to compete with each other and against a strong contingent of Greece-based antagonists for a slice of the ever increasing ICT budgets of shipping companies.

The event is organised under the auspices of the Greek shipping community and the five major associations representing Greek shipping interests: Ministry of Maritime Affairs & Insular Policy, Municipality of Piraeus, Hellenic Chamber of Shipping, Union of Greek Shipowners, Greek Shipping Cooperation Committee, Hellenic Shortsea Shipowners Association and Association of Passenger Shipping Companies.