European Shipping Vital for Geopolitical Security, Studies Find

European shipping is being highlighted as a critical component of the EU's economic resilience and security, with studies indicating it controls a significant portion of the global fleet, including 44% of container ships and 30% of bulk carriers. The sector is under pressure from increasing international competition, yet it remains a geopolitical asset that enhances Europe's role in global supply chains. Discussions among industry leaders and EU officials focus on creating a supportive regulatory environment to foster shipping's competitiveness and sustainability. The Deloitte study emphasizes the importance of investing in clean technologies, while addressing administrative burdens to improve the industry's prospects. Additionally, the European Commission is urged to ensure that shipping continues to thrive amid geopolitical uncertainties. Overall, the shipping industry is viewed as foundational for Europe's energy security and economic growth, with calls for enhanced collaboration to safeguard its future.